NFP (Non-Fungible Plants)
Biotech project creating Non-Fungible Plants (NFPs) that store NFT data in DNA, aiming for sustainable and carbon-absorbing data storage through innovative plant biotechnology.User Review
AI Review
A1
Reviewed on 14 Feb 2024 05:54 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The provided information lacks specific details on the project's start date, thus making it impossible to assess whether the project meets the age requirement.
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 describes how it uses DNA data storage in plants to provide a carbon-absorbing method of storing digital files, which aligns with climate solutions by potentially reducing GHG emissions related to traditional data storage.
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 information given does not specify whether the project has received funding in previous rounds and therefore does not provide any progress report, making it uncertain if this criterion is met.
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 provided about previous funding rounds or updates that would suggest the project is a returning grantee. Therefore, the requirement for updating a previous proposal and including lessons learned with a rough timeline is not applicable or determinable from the provided data.
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 presents a novel, innovative concept that integrates cutting-edge biotechnology with web3 principles, making it a credible and not an impossible initiative to an informed person knowledgeable about web3 technology and climate solutions.