impactMarket: Financial Education, Microfinance & Conservation Basic Income to Empower Underserved Communities.
Empowering underserved communities with Web3-driven microfinance, education, and conservation incentives; distributing income and microcredits while fostering financial inclusion and environmental stewardship through blockchain technology.User Review
AI Review
A1
Reviewed on 14 Feb 2024 12:57 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 information, impactMarket began before 2021, which is well over the minimum requirement of 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.
The project details a Conservation Basic Income initiative that appears to directly aim at rewarding forest stewards for their contributions to carbon capture, which is a climate solution.
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.
The project has outlined progress regarding UBI distribution, microcredit disbursements, and lessons completed, indicating updates on their progress. However, it is unclear if this is a new update since any previous funding round.
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 some updates but has not explicitly detailed lessons learned or how exactly the additional funding will be used or the specific timeline for their future projects, per the available information.
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.
Given the detailed description of the project's accomplishments and objectives, as well as the implication of an ongoing partnership with Opera, the project seems credible and within the realm of viability for someone familiar with web3 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 information provided about previous grant rounds or any misconduct, hence no determination can be made on whether impactMarket has been involved in any malicious activities.