Oceans DAO
Decentralized organization leveraging blockchain to build a global community and treasury dedicated to creating positive, impactful changes for ocean conservation.User Review
AI Review
A1
Reviewed on 13 Feb 2024 04:46 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
There is no information provided regarding the specific founding date of Oceans DAO, but the statement about their acceptance into a local accelerator program implies that they have been in operation long enough to apply and be considered for such a program, thereby suggesting the project is at least 3 months old.
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.
Oceans DAO's mission is to empower efforts to protect and regenerate the ocean, which is directly relatable to climate solutions, as ocean health is integral to the global climate system. However, the proposal does not specifically mention how it will reduce GHGs but focuses on creating a positive ocean impact, which could indirectly contribute to GHG reduction.
Grantees who received funding in previous rounds should report on project progress since GR15 or the Alpha round. We understand that some projects may have less progress given the timing of Alpha round disbursements. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing.
There is no information provided concerning previous rounds of funding or reports on project progress, which makes it difficult to evaluate if Oceans DAO has met this criterion.
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.
With the lack of details on prior grantee status or a provided update on their proposal including lessons learned and a use plan for new funding, it's unclear whether Oceans DAO fulfills this requirement.
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.
Oceans DAO appears to be within the realm of viability. The project description indicates a credible and genuine intention to harness blockchain for ocean protection and positive impact, which fits within the scope of feasible web3 efforts to tackle climate-related issues.
Grantees can be eliminated from consideration in the round if they are found to be encouraging or enabling Sybil attacks or other forms of malicious manipulation of the grants platform or the Gitcoin community.
There is no evidence provided that Oceans DAO has engaged in malicious practices such as Sybil attacks or manipulation of the grants platform, thus they should not be eliminated from consideration on these grounds.