ReFi Local Node: Cape Town, South Africa
Youth in Cape Town are leading an urban regeneration project, leveraging Web3 and ReFi technologies to address socio-economic disparities, with a funding goal of $25,000 for programs, events, and a decentralized marketplace to upskill 120 youth.User Review
AI Review
A1
Reviewed on 13 Feb 2024 02:52 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The provided information does not include the project's start date, therefore it is uncertain whether the project fulfills this criterion.
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 focuses on urban regeneration and Web3 technology to tackle socio-economic and environmental challenges in Cape Town, which is in line with climate solutions.
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 indicating whether this project has received funding in previous rounds and if so, whether a progress report has been submitted.
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 information on whether this is a returning grantee with an updated proposal that includes lessons learned and a plan for the use of additional funds.
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 project involves credible organizations and leaders, indicating a genuine intention to build the project, which seems viable for someone with an understanding of web3 technology and 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 provided evidence of the project engaging in or encouraging Sybil attacks or other malicious manipulation, but the absence of evidence is not proof of compliance, thus the score is uncertain.