Korea GHG Reduction Passport
Creating an NFT to record and track individual carbon offset activities, integrating with a Korean VCM, to simplify participation in GHG reduction for users.User Review
AI Review
A1
Reviewed on 14 Feb 2024 05:32 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
There is insufficient information provided regarding the inception date of the 'Korea GHG Reduction Passport' 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's description indicates that its focus is on climate solutions by designing an NFT that holds an individual's carbon offset record and interfacing with a Voluntary Carbon Market company. These elements serve the purpose of facilitating GHG reduction.
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.
The provided information does not indicate whether the 'Korea GHG Reduction Passport' project has received previous funding, making it unclear if there is a progress report available as per the mentioned rounds.
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.
There is no information indicating if the 'Korea GHG Reduction Passport' project is a returning grantee or if an updated proposal with lessons learned and future funding usage has been provided.
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 aims to create a feasible solution involving NFTs for tracking carbon offset activities, which aligns with current web3 technology applications for climate solutions and does not appear to be impossible or lack credibility.