Impact Verification Infrastructure Bundle
Bundle of 5 projects enhancing sustainability and climate impact verification to enable effective funding in the regenerative sector.User Review
AI Review
A1
Reviewed on 14 Feb 2024 06:15 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The bundle includes five projects, some of which have clearly been established for several years, such as EverGreenCoin which was launched in 2015, indicating that this coalition of projects as a whole meets the age requirement.
The Grant must be primarily focused on climate solutions (the group may do other work but the grant proposal should be directly related to climate solutions). The proposal should explicitly outline how this project will help reduce GHGs or is an important core infrastructure for web3 climate solutions.
The Impact Verification Infrastructure Bundle is presented as an aggregation of projects specifically aimed at enhancing the verification of climate impact, an essential element of climate solution infrastructure, suggesting a primary focus on climate solutions.
Grantees who received funding in previous rounds should report on project progress since GR15 or the Alpha & Beta rounds. We understand that some projects may have less progress given the timing of Alpha & Beta round disbursements. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing.
The bundle update mentions progress made by each individual project since the previous Beta round, demonstrating accountability and ongoing development that meets the criteria for progress reporting.
All returning grantees are expected to update their proposal, in addition to project updates the proposal should include lessons learned from previous work and how they will use the additional funding from the upcoming round. The updated proposal should indicate how additional funding will help the project meet its goals, and include a rough timeline for the project overall.
While the bundle provides an update on individual project progress, there is no clear outline of specific lessons learned, nor explicit details on how additional funding from the round would be utilized or a rough timeline for project development. The proposal is focused more on previous achievements rather than a plan for future use of funds and timeline.
There is a general expectation that projects are within the “realm of viability”. Even if a project may be at a very early stage, it still must seem credible to the average person with an understanding of web3 technology and climate solutions. Grantee founders must genuinely intend to build the project, and the project must not broadly be considered an impossibility.
The projects under the Impact Verification Infrastructure Bundle leverage current technology within the blockchain and web3 space. Their objectives align with realistic and typical web3 climate solution strategies, which are generally considered to be viable initiatives in the field of sustainability and climate action.