viaPrize
Crowdfunding platform that holds funds for projects until someone completes them, ensuring refunds if projects fail and incentivizing open-source creations.Application
Applied on: 2 Aug 2024 04:46 PM
Approved
User Review
AI Review
A1
Reviewed on 2 Aug 2024 05:00 PM
CollabTech project - organisations on-chain, evolution of B2B SaaS, network states tooling & DAO tooling, and future of work; projects advancing reputation, governance & decision making, operations (accounting, sales automation, inventory management, talent, etc), community, and contributor tooling!
viaPrize facilitates coordination between visionaries, funders, and builders which aligns with advancing community and contributor tooling.
Commercial viability or perennial Public Goods: projects addressing a clear need for a specific target user and with the ability to continue to deliver value over time (financial sustainability through business model and/or immutability)
viaPrize addresses the need for trustworthy crowdfunding and has a sustainable business model through a 5% platform fee.
Maximum project development duration of 12 weeks (i.e. value delivered within 12 weeks)
The project is already live and functional, ensuring that any further development or value delivery can be completed within 12 weeks.
Threshold: Projects must declare a “threshold” (minimum amount of funds needed to complete the project/feature/prototype and deliver value). Thoroughness in defining their threshold and feasibility (threshold within the range of match-funding available) will be key for approval into the round. Projects not able to attain the threshold (with combined donations + match funding), will not receive match funding but can still keep donations.
The project documentation does not specify a clear threshold amount needed to complete a specific project phase or feature.
General Criteria: Incomplete, poorly structured, unfeasible, or otherwise poorly conceived applications will be rejected.
The application is comprehensive and well-structured; however, it lacks a clearly stated funding threshold which is a crucial part of the evaluation.