Healing Coral
Platform integrating art, coral restoration, and Web 3.0 technology to regenerate marine ecosystems through NFT sales that fund projects and provide lifetime artist royalties.User Review
AI Review
A1
Reviewed on 13 Feb 2024 03:07 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The project description does not provide specific information about the age of the 'Healing Coral' project.
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 clearly outlines its dedication to climate solutions through the regeneration of marine ecosystems and uses web3 infrastructure via NFTs to fund its activities.
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 provided information does not specify whether 'Healing Coral' has received funding in previous rounds, hence reporting progress cannot be evaluated.
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.
Insufficient information is available to determine if 'Healing Coral' is a returning grantee and whether they have provided an updated proposal reflecting lessons learned and funding utilization.
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 seems to be viable and leverages an innovative approach using NFTs to fund coral restoration, which is grounded in current web3 practices.
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 suggesting that 'Healing Coral' has engaged in any form of malicious manipulation of the grants mechanism or the Gitcoin community.