ECORISE
ECORISE is a blockchain-based platform for tokenizing and trading regenerative projects, combining AI, climate tech, and Web3 to facilitate impact investing and natural capital market access.User Review
AI Review
A1
Reviewed on 14 Feb 2024 05:34 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The provided project description does not specify when the ECORISE project was established, and there are no GitHub commits within the past 3 months to infer a starting date.
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.
ECORISE is described as an Asset Tokenization Platform that aims to support regenerative projects and connect them with impact investors, focusing on tokenizing natural capital markets and using web3 and AI tech to enable ESG and UN SDG-aligned initiatives, which is closely aligned with climate solutions.
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 project's eligibility materials provided do not disclose if they received funding from previous rounds, hence it is unclear whether there is a requirement for them to report on project progress since GR15 or the Alpha & Beta 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 not enough information provided to determine if ECORISE is a returning grantee or if they have updated their proposal with the required information, including lessons learned, usage of additional funding, and a timeline for project goals.
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.
ECORISE aims to provide a platform for tokenizing assets related to regenerative projects and aligning them with impact investors, which seems viable and credible in the context of web3 technology and climate solutions. There is no evident reason to consider it broadly impossible based on the information provided.