Perennis Network
Perennis Network is developing a blockchain platform for generating digital bio assets linked to environmental projects, facilitating real-time tracking and trading of CO2 storage and other ecological benefits through NFTs and tokens.User Review
AI Review
A1
Reviewed on 14 Feb 2024 06:02 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
There is no provided information regarding the age of the Perennis Network project; therefore, it cannot be conclusively determined if the project is at least 3 months old.
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 Perennis Network project is described as a ReFi initiative focused on environmental regeneration with a blockchain platform for generating digital bio assets anchored to environmental projects, which implies a primary focus on climate solutions and 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 clarify if the Perennis Network received funding in previous rounds nor is there a status report on the project's progress since then, leaving it uncertain if this criterion has been 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 current information on whether Perennis Network is a returning grantee with an updated proposal including previous work lessons, a plan for use 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.
Perennis Network's use of blockchain, IoT, NFTs, and AI aligns with web3 technologies and the project appears to be aimed at real-world climate solutions, making it seem credible and within the realm of viability given the current understanding of these technologies.