The Hypercerts Foundation pioneers open-source protocols to transparently fund and reward positive impact. Hypercerts are web3 tools that track impactful work, assess its value, and enable the sale of its impact.

📣 Update 1: App Launch 🎉

We’re excited to announce the launch of our new dApp! Explore it now at https://hypercerts.org and see what we’ve built.

📣 Update 2: Ecocerts 🍃

We're embarking on a collaborative journey to introduce hypercerts for ecological impact: Ecocerts 🍃 Through extensive conversations with partners like Ma Earth and GainForest, we’ve laid the foundation for this initiative. Together, we’ll define templates for Ecocerts, establish evaluation methods, and explore innovative ways to finance projects that steward our planet. This is an open initiative without organizational boundaries—if you’re interested in using Ecocerts, we’d love to hear from you!

1️⃣ Introduction: Where are we headed

Imagine a world where positive impact was one of the most highly valued creations in our society; where entrepreneurs who pursued high-uncertainty, high-upside moonshots to radically improve society were rewarded directly for that impact; where becoming a patron of impactful causes was something people aspired to and displayed proudly; and where the methods used to evaluate impact were credible, transparent, and independently verifiable.

That world might seem a distance away, but it’s one we can build towards. Specifically we’d like to see more impact markets, retroactive funding and innovation in the way we fund public goods. In order for this to occur, we need protocols to track and fund impact.

2️⃣ What are hypercerts?

Every hypercert accounts for a discrete piece of work and represents the impact resulting from that work. Projects create hypercerts for their work. Evaluators assess the outputs, outcomes and impact of projects' work. Funders buy hypercert fractions and receive the rights to claim the represented impact.

• Avoiding silos – interconnected funding system: As an extension of ERC 1155 semi-fungible tokens, hypercerts create a single, open, shared, and decentralized database for funding mechanisms. This database avoids the creation of new funding silos, as hypercerts can be integrated into any existing funding platform, thereby creating an interconnected funding ecosystem.
• Selling impact – moving beyond donation: While hypercerts may be useful for any funding mechanism, they’re particularly valuable for retroactive funding as they provide baseline invariant guarantees that impact claims will not be forgotten. Projects create and sell impact, building financially sustainable and scalable revenue models. With hypercerts, we move beyond donations.
• Certifying impact – open evaluation system: Certifying impact is a process, and it should be an open and dynamic one. Hence, with hypercerts we create the foundation for an open evaluation system for credible and transparent impact assessment. Every hypercert can receive multiple evaluations from different evaluators using a variety of methodologies. This creates incentives to innovate evaluation methodologies and builds trust.

3️⃣ Where do we go from here

We are entering a world with multiple hypercerts platforms. Pioneers like VoiceDeck and GainForest, developing ecocertain.xyz, are leading the way by building on the hypercerts protocol. Our primary goal for the next phase of hypercerts is to empower and support platforms like these.

4️⃣ The work so far

• Whitepaper: We released our whitepaper (draft): https://hypercerts.org/docs/whitepaper/whitepaper-intro
• Core protocol: We have build the core protocol and released it on Optimism, Celo, Base, Arbitrum, Filecoin Virtual Maschine (FVM)
• Marketplace protocol: We have build out the marketplace functionalities to buy and sell hypercerts
• Evaluation infrastructure: We have created the evaluation infrastructure for hypercerts based on EAS attestations
• Hyperboards: We have implemented hyperboards to publicly recognize the financial and non-financial contributors
• dApp: We have created a frontend for anyone to access the functionalities of hypercerts at hypercerts.org: (1) explore hypercerts, (2) mint new hypercerts, (3) create and view evaluations, (4) buy and sell hypercerts, (5) create collections and view ownership in hyperboards. You can also play around with it on testnets at https://testnet.hypercerts.org
• SDK: We have build an SDK for anyone to build on top of the protocol: https://www.npmjs.com/package/@hypercerts-org/sdk
• Pilots with Gitcoin: We have piloted hypercerts with the Gitcoin Rounds Alpha, Beta, and GR18 to show how they can be integrated into funding platforms – you can read more about it here: https://go.gitcoin.co/blog/hypercerts-for-public-goods-funding
• Pilots with Zuzalu: We have piloted hypercerts with the pop-up city Zuzalu, retroactively raising 21 ETH and ZuConnect Istanbul raising 16 ETH for contributors to these events
• Community: We have a core community (TG group: https://t.me/+YF9AYb6zCv1mNDJi) with many projects and platforms exploring how to use hypercerts
• Gitcoin Community Round: We ran a Gitcoin Community Round with 35 projects in the Hypercerts Ecosystem: https://gov.gitcoin.co/t/retrospective-of-the-hypercerts-ecosystem-round-during-gg20/18908

5️⃣ Testimonials

Juan Benet (founder and CEO of Protocol Labs):

We are proud to be an early supporter of the Hypercerts Foundation, which will bring even greater focus and resources to this important area of innovation. The Hypercerts Foundation is helping build a more transparent and interoperable environment for funding public goods. We are excited to contribute to its mission in any way we can.

Kevin Owocki:

This is an exciting moment for the Hypercerts Foundation and for the future of impact funding. We are committed to advancing the development of decentralized protocols and novel coordination mechanisms.