VerdantWave
Developing sustainable bioplastics from agricultural waste, primarily hemp, to reduce the plastic industry's carbon footprint and promote an eco-friendly alternative for various industries.User Review
AI Review
A1
Reviewed on 13 Feb 2024 02:56 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 start date, making it impossible to determine if 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.
The VerdantWave project description indicates that they are working on bioplastics from agricultural waste as a sustainable alternative to traditional plastics, which directly contributes to reducing Greenhouse Gas emissions.
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 a lack of information about whether VerdantWave has received funding in previous rounds and, if so, whether they have reported on their progress since then.
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.
Without information on whether VerdantWave is a returning grantee with a previously funded proposal, it is unclear if they meet this criteria.
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.
VerdantWave appears to be a credible project with a clear aim to produce sustainable bioplastic products, which is a viable and increasingly important area within 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 evidence provided that VerdantWave has been involved in any kind of malicious manipulation of the grants platform or the Gitcoin community.