Avano
Avano, formerly Akorn, focuses on creating a decentralized monitoring, verification, and reporting system (dMRV) for regenerative actions, and fostering art for public good. It channels received funds into strategic areas including dMeter development, education, publications, NFT marketplace creation for public good, and web3 technology adoption. It also holds various NFTs, supports environmental initiatives, and contributes towards significant collaborations.User Review
AI Review
A1
Reviewed on 14 Feb 2024 05:30 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The provided description does not include the exact age of the Avano 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 Avano is focused on climate solutions including a decentralized monitoring, reporting, and verification system (dMRV) aimed at promoting and verifying regenerative actions and is involved with methodologies for planetary regeneration through web3 technology.
Grantees who received funding in previous rounds should report on project progress since GR15 or the Alpha & Beta rounds. We understand that some projects may have less progress given the timing of Alpha & Beta round disbursements. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing.
Avano has reported on project progress since the last Gitcoin grant round, including developments on their dMRV system dMeter, their engagement in ReFi Metaverse events, and the planning for the FeNXT NFT Marketplace.
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 updated the proposal with detailed plans on the use of funds, strategic partnerships, and future fund use. However, while they outlined future uses for funds, they provided limited information about lessons learned from previous work and a concrete rough timeline seems to be missing.
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 appears to be within the realm of viability given its detailed outline of the project scope, past achievements, partnerships, and ongoing initiatives. With a founder doing a PhD in a related field and a track record of detailed updates provided, the project does not seem to be an impossibility, indicating credibility.