Blockchain technology and its economic models aptly enables us to meet these challenges in two integral ways. The first being an ability to generate funding in an unprecedented manner and provide support instruments to entrepreneurs. Second, by leveraging the benefits of community collaboration and the decentralized power of many.

Real world tokenization is no fantasy: it may have a huge positive influence on how impact project leaders can tackle the challenges they want to address. However, newcomers entering the blockchain ecosystem in 2021 still need to deeply understand the technology and its entanglements.

Here comes Cardashift — an ecosystem of products and services designed to foster sustainable development based on Cardano blockchain technology.

About Cardashift

Cardashift is a community-run launchpad that raises funds, builds, and accelerates startups that are solving social and environmental issues.

Cardashift’s team is a collective of passionate entrepreneurs and experts in blockchain, innovation and product management willing to leverage blockchain technology for a sustainable and prosperous future. Three highly skilled companies are behind the project: Matters, Smart Chain and Stim.

Website | Twitter

About Monopole

Monopole creates Impact to help projects, investors and the environmental challenges of tomorrow.

Website | Twitter

About Aquaverse

Aquaverse is first and foremost a dream: to re-connect humans to nature, by
revolutionizing ecology. Today more than ever, they believe in this dream. This journey is
also, the story of an adventure between friends, the story of moments of consideration
and reflection, but above all unforgettable encounters and experiences, each of which
made a huge contribution to the project.
Aquaverse is an ecosystem whose objective is to clean up the oceans through
aquaculture. Their ambition is to link the technological revolution that is Blockchain
to the ecological needs of our planet with the participation of our community and its
active support.

Website | Twitter

SOURCE: https://twitter.com/monopole_mnpl/status/1565625616942055424?s=20&t=G-IGM1JohDrxrYGngUav6w

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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.

Website | Twitter

About Cardashift

Cardashift is a community-run launchpad that raises funds, builds, and accelerates startups that are solving social and environmental issues.

Website | Twitter

SOURCE:

https://iohk.io/en/blog/posts/2022/06/01/fund9-catalyst-natives-cardashift-challenge-demonstrating-and-monetizing-impact/

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Cardano plans to introduce crypto to new and primarily unbanked populations, particularly in Africa and Asia. Many of these newly adopting Cardano individuals have never held a bank account, let alone used DeFi. VyFinance plans allow them to easily use and learn notions in front of them, while letting intermediate and advanced users have their respective levels of desired controls. For example, their vaults provide two significant functions: assisting newcomers in accessing more complex tools while giving an option for traders to generate the average return offered across the ADA ecosystem automatically.

VyFi is dedicating time, skills, and coordinating resources in order to introduce new users to DeFi in a structured manner. And educate them about the risks involved by DeFi. According to them, “DeFi platforms tend to lack intuitiveness and have a rather large barrier to entry.” Through their integrated automated layer backed with educational material, the Vy ecosystem aims to engage new users with DeFi step-by-step.

Fundamental to the philosophy of VyFi is the concept that DeFi is built for the world, to change the world. It will be exemplified by offering users access to an educational learning management system (LMS) for how to engage with DeFi products safely and elementary education on managing oneself with the crypto market.

Cardashift and VyFinance share a common goal for the future: allowing the development of the Cardano ecosystem while responding to existing issues and future needs.

About Cardashift

Cardashift is a community-run launchpad that raises funds, builds, and accelerates startups that are solving social and environmental issues.

Website | Twitter

About VyFinance

VyFinance is bringing an entire ecosystem of DeFi products to Cardano with the backing of an Australian firm. By integrating a neural network into a liquidity aggregator creating the auto harvester, the protocol brings trustless crypto products into the real world, releasing a unique solution in the sphere.

Website | Twitter

SOURCE:

MEDIUM

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