FABDAO
FAB DAO leverages NFTs for cultural significance in web3, combining art, public good, and culture, managing funds raised for non-profit cultural initiatives, and fostering a multi-disciplinary community in Taiwan.Application
Applied on: 18 Aug 2023 06:54 AM
Approved
User Review
AI Review
A1
Reviewed on 14 Feb 2024 11:37 AM
The Grant must be in support of or directly advance the Global Chinese Community blockchain ecosystem; At least one founder or team member uses Chinese as their daily language
FAB DAO focuses on the Traditional Chinese community and integrates culture and art with blockchain, thereby directly advancing the Global Chinese Community. The use of Traditional Chinese on their website and in their projects implies that at least one team member uses Chinese as their daily language.
Projects haven’t received significant external funding via venture capital, token launches, or NFT sales
Based on the provided information, it's unclear if FAB DAO has received significant external funding other than the 1,500 DAI Gitcoin grant. More detailed financial history is required to make an accurate assessment.
The Grant may not have any form of quid pro quo that has financial value (a scenario in which a user gets some additional unique benefit/award in return for their donation).
There is no information suggesting a quid pro quo arrangement; FAB DAO's mission to involve NFTs in donations seems to aim at fostering a donating culture without direct financial benefit to the donor.
The Grant owner must be directly affiliated with the project, the funds must go to the project and be used for the purposes stated in Grant’s details.
Based on the project description and the linked GitHub profile, the grant owner appears to be directly affiliated with FAB DAO. The funds are stated to be used for reinvestment into the Art Bank Fund, in line with the project's objectives.