Endangered Tokens DAO: Endangered Trees as ReFi Biodiversity Assets & Public Registry
Creating a regenerative economy through web3 NFTs, Endangered Tokens DAO incentivizes the protection of endangered trees by tokenizing them, offering rewards for their verification, and in turn converting them into revenue-generating biodiversity assets.User Review
AI Review
A1
Reviewed on 14 Feb 2024 01:35 PM
Projects must be at least 3 months old. We use Twitter, web domain registration date, and other public info to determine this. Newer projects should establish themselves and submit to the next round.
Based on the provided description and evidence that the project has conducted past expeditions and has previous Gitcoin Grant rounds, it's clear that the project is older than 3 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. Examples include: Renewable Energy, Oracles & DMRV, Supply Chain Analysis, Carbon Accounting, climate activists / collectives, Natural Systems CO2 Sequestration
The project focuses on revaluing biodiversity and incentivizing regeneration through the tokenization of endangered trees, which is directly related to climate solutions and can contribute to CO2 sequestration.
Grantees who received funding in a previous round(s) must provide a new update on their progress and impact. You can also include the challenges you've faced. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing. We encourage grantees to mint Hypercerts for the work and the impact they have accomplished. Priority review will be given to grantees who have minted a Hypercert.
The proposal includes an update on their progress, such as developing a virtual reality arboretum experience and the ENTS DAPP. The project has also outlined challenges and has participated in events to promote their work.
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.
The project has provided a thorough update in their proposal, detailing how they have used past funding, current projects in development, and their plans for future funding, reflecting on lessons learned and challenges faced.
There is a general expectation that projects are within the “realm of viability”. Even if a project is very early, it must still seem credible to the average person with an understanding of web3 technology and climate solutions. Including information about the team's expertise, qualifications and skills will help us review your grant. Grantee founders must genuinely intend to build the project, and the project must not broadly be considered an impossibility.
The project presents a credible and viable approach to utilising NFTs for preserving biodiversity, with a track record of work and engagement in web3 climate solutions. Information about the project's teamwork and expertise can be inferred from their activities and accomplishments.
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.
While no evidence is provided that suggests the project has engaged in such behavior, it's not possible to definitively score this criterion without specific monitoring or investigative capabilities.