GeoNFT & Fractionalizer
Building a "fractionalizer" to split NFTs into ERC20 tokens, unlocking ecological data monetization for small landholders, and facilitating production of high-quality environmental assets like carbon offsets on the Celo blockchain.User Review
AI Review
A1
Reviewed on 13 Feb 2024 02:51 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
Based on the provided project description, it indicates that the GeoNFT was launched in October, which suggests the project has been active for over three months.
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 GeoNFT project appears to be primarily focused on climate solutions by facilitating the production of high-quality environmental assets, such as carbon offsets or biodiversity credits, which directly relates to greenhouse gas 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.
The evaluation provides no specific information about prior funding or progress reporting since the last Gitcoin round, which does not allow for a conclusive assessment.
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 clear evidence provided to suggest that the project team has updated their proposal with lessons learned or a clear plan for the use of additional funds; thus, it cannot be confirmed if this criterion is met.
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 description and the involvement with reputable organizations like Ocean Protocol indicate that the GeoNFT project is within the realm of viability and demonstrates the intent of the founders to genuinely build a credible project.
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 indication or evidence provided that the project is involved in any form of malicious manipulation of the grants platform or the Gitcoin community, therefore they should not be eliminated based on this criterion.