NeptuneChain
NeptuneChain integrates sensors, drones, and buoys with blockchain to monitor water quality and incentivize farmers to reduce nutrient pollution via a nutrient banking model. Seeking a $200,000 grant to scale efforts.User Review
AI Review
A1
Reviewed on 14 Feb 2024 05:51 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The provided information does not include the exact start date of NeptuneChain, therefore it cannot be determined if the project meets the 3-month 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.
NeptuneChain's proposal clearly outlines its focus on climate solutions by aiming to scale the pollution removal industry and eliminate nutrient pollution, integrating technology for real-time data about water quality, and creating financial incentives for farmers to participate in watershed cleaning—directly contributing to the reduction of GHGs.
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.
There is no information provided regarding any previous funding from Gitcoin or the status of their reporting on said progress, making it impossible to determine if they meet this specific requirement.
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.
Due to a lack of information about previous grant reception and the status of any updates or lessons learned from prior work, it cannot be ascertained if NeptuneChain has met this eligibility requirement.
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.
NeptuneChain appears to be within the 'realm of viability' based on the description and methods provided. The technologies being used, the projected milestones, and the clearly stated budget suggest that the project is credible and that the founders have a genuine intention to build it.