Climate & Nature Hyperstructure | .basin
A blockchain-based hyperstructure, .basin, leverages real estate and crypto to finance climate solutions, ecosystem stewardship, and carbon and biodiversity credits through the Basin Protocol.User Review
AI Review
A1
Reviewed on 13 Feb 2024 04:26 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The provided data does not specify the exact age of the project, hence it is uncertain if the project meets the minimum 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 project explicitly outlines its focus on climate solutions by aiming to steward ecosystems and natural carbon sinks, and connecting this effort with blockchain technology to create a new real estate investment class that incentivizes restoration and conservation.
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.
No detailed information regarding progress reports since previous Gitcoin rounds is provided, hence it is uncertain whether they have met this requirement.
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.
There is no explicit mention of updated proposals that include lessons learned or detailed plans for the use of additional funding, creating uncertainty over compliance with 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.
The Climate & Nature Hyperstructure | .basin project seems to be well within the realm of viability and credibility, combining real estate with blockchain technology for climate and nature conservation, which is a credible application of web3 for climate solutions.
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 information provided that pertains to the project's involvement in Sybil attacks or malicious manipulations, so its compliance with this criterion is uncertain.