Project Catalyst X Cardashift Collaboration
Project Catalyst has announced Fund9’s Catalyst Natives challenge ‘Demonstrating and monetizing impact’ in collaboration with Cardashift, and a chance to fund up to $200k worth of projects using $CLAP tokens.
Cardashift will be joining Fund9 through the Catalyst Natives program, with a challenge centered around value creation through positive impact-oriented projects. Cardashift offers up to $200k of $CLAP tokens for selected proposals. This is on top of 12 other challenges in Fund9 where 16m ada is available for funded proposals. And the community incentives for contributions during the process.
Catalyst Natives
During Fund7, IOG introduced the pilot Catalyst Natives program, enabling organizations outside of the Cardano/Catalyst ecosystem to present challenges and offer incentives and rewards to those who meet the challenge with their proposed innovations.
Catalyst Natives is a fantastic proposition for organizations of all shapes and sizes to access a veritable trove of ideas and those with the skills to realize them.
Cardashift aims to empower people to build a sustainable world through the Cardano protocol and help start-ups to monetize the impact they generate.
Cardashift enables and supports changemakers through its ecosystem of products and services and a community-run launchpad designed to fund and accelerate impact projects. The $CLAP token underpins the Cardashift project.
Cardashift’s focus on providing a foundation of growth for projects with positive, real-world impact aligns with Project Catalyst’s ethos and mission.
The Cardashift Challenge – Demonstrating and monetizing impact
“Today, there is a gap between the value created for society by impact projects and the financial value they capture. Blockchain technology, and especially Cardano protocol, can be a gamechanger on this worldwide mission by bringing three key elements. These are tokenization of non-financial value, traceability, and liquid marketplaces” Yannis Baala, Project Sourcing Lead Cardashift.
This challenge combines several themes. Monetizing impact requires the development of an entire ecosystem:
- Actors capable of defining criteria on what impact means across different contexts (education, carbon cycle, biodiversity, etc.) and geographical locations.
- Services and methods to issue impact credentials in a decentralized way with a peer-to-peer and expert review process
- Certification bodies for analyzing and validating the data points provided by impact-oriented projects
- Mechanisms to give a financial value to impact – reflections on tokenizing impact
- On-chain tools for recording impact proofs and bringing more transparency and traceability
- On-chain marketplaces to connect impact-oriented projects with potential buyers (corporations, states organizations, funds, etc.) for their impact proofs These development paths are interconnected and the research can mix blockchain and non-blockchain approaches.
Defining success
Cardashift’s ambition is to tackle one of the pain points of the impact ecosystem. The lack of financial attractiveness of impact projects. So, they are focusing on impact-oriented solutions and not projects that prioritize only Environmental, Social, and Governance (ESG) Criteria.
- Discovering innovative ways for impact-oriented projects to create financial value from their impact generation, notably by issuing impact tokens.
- Increasing transparency and traceability of the impact generated by a specific project.
How to take part in this challenge?
To answer the Cardashift challenge and potentially earn up to $200k worth of $CLAP tokens, please review the Fund9 Launch Guide, where you will learn more about how to create an account on the Catalyst collaboration platform, Ideascale, along with how to take part in this and all other Fund9 Challenges.
About Project Catalyst
Project Catalyst is Cardano’s turbo-charged innovation engine and one of the world’s most decentralized innovation funds. It is a focal point for ecosystem development and innovation, driven by the Cardano community.
Every quarter, Project Catalyst produces a fresh pipeline of technical, business, creative, and community-focused projects – funded to deliver their proposed ideas voted for by the Cardano and Catalyst community.
About Cardashift
Cardashift is a community-run launchpad that raises funds, builds, and accelerates startups that are solving social and environmental issues.
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