Nextme
Decentralized network blending social media and payment solutions for creators and brands, with cross-chain support and user data ownership, aiming for widespread crypto adoption.Application
Applied on: 31 Jul 2024 12:33 PM
Rejected
User Review
AI Review
A1
Reviewed on 2 Aug 2024 01:01 AM
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!
Nextme focuses on identity, data ownership, social payments, and community connection, making it aligned with CollabTech’s values of advancing the future of work, reputation, and community 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)
Nextme has a clear target demographic (creators and brands), multiple sources of revenue, and a self-sustaining model using social payments, memberships, and member subscriptions.
Maximum project development duration of 12 weeks (i.e. value delivered within 12 weeks)
The timelines provided for Nextme's major features (Nextme Pay, Feeds, Open) indicate delivery dates ranging from Q2 to Q4 2024, well beyond 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 application does not provide a clear threshold amount needed to complete the project or feature, which is necessary for assessing feasibility.
General Criteria: Incomplete, poorly structured, unfeasible, or otherwise poorly conceived applications will be rejected.
Though the project description is detailed, the proposal fails to meet the maximum project duration criterion and lacks a clearly defined threshold which are critical to assessing overall feasibility.