Catalyst Natives X Cardashift: Demonstrating and monetizing impact gravatar Catalyst Natives X Cardashift: Demonstrating and monetizing impact

Catalyst Natives X Cardashift: Demonstrating and monetizing impact

Cardashift aims to empower every human being to build a sustainable world through Cardano protocols. Our first product is a community-run launchpad to fund and accelerate impact projects. Helping these start-ups to monetize the impact they generate is a hot topic for us.

The idea of leveraging blockchain technology for this purpose has been further explored by other protocols. The most famous example is the IXO protocol with the creation of "Impact Tokens". These aim at representing "real world outcome states that people care about". The tokenization of verified outcomes through the ixo protocol thus transforms traditional certificate-based representations of outcomes (e.g carbon reduction certificates, education certificates, vaccination certificates, biodiversity certificates or any other certified outcome state) into tradable and investable digital assets.

However the ecosystem is still nascent and the question remains opened:
What kind of tools, interacting on-and-off-chain, can we develop to measure and value impact financially?

This challenge combines several themes in one. Monetizing impact requires the development of an entire ecosystem:

  • Actors capable of defining criteria (standard) on what an impact means in different context (education, carbon cycle, biodiversity, etc) and/or geography
  • 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) for their impact proofs

These development paths are obviously interconnected and the research can mix blockchain and non-blockchain approaches.

Why is it important

Today, there is a gap between the perceived value for society of impact projects and the financial value they capture.

To resolve this inconsistency, two key steps are necessary:

  • Impact valuation: we must be able to measure and validate the tangible contribution of a project from a social and/or environmental point of view, by developing new solutions of measurement, analysis and/or traceability. The ability to organize governance models through blockchain can help provide differentiated and locally adapted approaches/standards to impact measurement
  • Impact monetization: in the discussion report from the Impact Management Project (IMP)‘s Practitioner Community, the experts expressed “the need to translate impact into a comparable value to make it possible for analysts to incorporate impact considerations”. Monetizing impact can be an initial incentive to drive investments and resources towards projects that meet the environmental and social challenges of our time. Beyond that, giving an universal and comparable value to impact provides more transparency and performance tracking on this topic. Cardano’s blockchain technology provides a powerful, permissionless and auditable system for recognising new value creation mechanisms for stakeholders

These topics of valuation and monetization were already present in the definition of impact investments set by the Global Impact Investing Network (GIIN) in 2009: “Impact investments are investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return.”

Since then, many impact-oriented actors have been working hard on improving the standards and valuation tools.

Cardano can be a gamechanger on this worldwide mission for saving the planet and humanity by bringing three key elements to the infrastructure: traceability, transparency and liquid marketplaces.

How does success look like?

Our ambition is really to tackle one of the pain points of the impact ecosystem: the lack of financial attractiveness of impact projects. So, we want to focus on impact-oriented solutions and not projects that prioritize only ESG criteria. Success for this challenge:

  • Discovers innovative ways for impact-oriented projects to create financial value out of their impact generation, notably by issuing impact tokens.
  • Increases transparency and traceability on the impact generated by a specific project.

Key metric to measure

For impact valuation & monetization projects:

  • Number of POC trials that can be run with impact-oriented projects
  • Time required to validate the impact value
  • How much financial value can be derived from impact-oriented projects

For any marketplace projects:

During the challenge:

  • Robustness of the revenue model for the marketplace (check with comparables, think it at scale, etc)
  • Design of the transactions’ system on the platform

For the longer-term:

  • Number of token issuers and interested buyers on the platform
  • Number of transactions made on the platform

Additional resources

Impact Management Project’s report on Impact Monetization : https://29kjwb3armds2g3gi4lq2sx1-wpengine.netdna-ssl.com/wp-content/uploads/IMP_Impact-monetisation-discussion-document.pdf

Social Impact Bonds:
https://www.socialfinance.org.uk/what-we-do/social-impact-bonds#:~:text=Social%20impact%20bonds%20(SIBs)%20are,innovation%20and%20scale%20successful%20programmes.

The example of voluntary carbon markets:
https://www.mckinsey.com/business-functions/sustainability/our-insights/a-blueprint-for-scaling-voluntary-carbon-markets-to-meet-the-climate-challenge

Protocols around impact monetization:
IXO: https://www.ixo.world/
Topl: https://www.topl.co/

Funding conditions

Cardashift is providing $200k of CLAP tokens which is the funding for all challenge rewards in this challenge. Once the funded projects have been identified, Cardashift will be responsible for providing the funding and incentives to eligible participants (proposers, CAs, referrers). Cardashift shall, in its discretion, determine the suitability of the project proposals selected by the Catalyst community and carry out any checks or diligence before engaging with such project teams. The Service Provider does not guarantee the outcome of any project or make any representation that a project proposal shall achieve the objectives of the Customer, even where such objectives are known to the Service Provider.

Proposers: Successful proposers will be funded in CLAP token. Please be aware that you are responsible for providing a valid Cardano Wallet address that can receive CLAP tokens. When applying, please specify in the address field of the proposal submission your Cardano Native token compatible address.

Community advisors: You will receive CLAP for the eligible VCA and CA rewards and will be sent to your nominated Cardano wallet address.

Referrers: You will receive CLAP for the eligible referral rewards that will be sent to your nominated Cardano wallet address. 1% of the CLAP challenge fund will be shared between eligible referrers.

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36
Total Proposals
9
Funded Proposals
0
Completed Proposals
$ 200K
Available
$1.2M
Requested
$193.7K
Awarded

クリエイターをピュアに評価するシステム

$10,000 Requested

Solution: The DAO for the creators by creators can distribute the reward proportional to formal evaluation based on the contribution. The reward distribution system by smart contract is one of the best way.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
not approved impact proposal Requested 5% of the fund.
2.2 (15)

Wada Web3 Education DAO Valuation

$30,000 Received
$30,000 Requested

Solution: Templating a valuation method for Wada's Web3 Education DAO will ensure that we maximize impact funding & investment, plus create tooling for other community orgs in the Cardano ecosystem to utilize

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
funded impact proposal Awarded 15% of the fund.
4.72 (18)
$14,970 Requested

Verify2Earn Quick Pitch

$14,970 Requested

Solution: ImpactScope is designing easy-to-deploy tokenomics models which encourage and reward sustainable behaviour and impact verification.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
over budget impact proposal Requested 7.485% of the fund.
4.5 (12)

Verifiable Creds in Cmrt Contracts

$16,520 Requested

Solution: Using validation (Cmrt*) contracts rather than current processes to support VCs through SSI principles in a coherent system will allow employers and other receivers to utilize VCs according to need.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
over budget impact proposal Requested 8.26% of the fund.
4.4 (15)

token system for the world of work

$100,116 Requested

Solution: To create a worldwide token system which provides incentives for all involved in the world of work.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
not approved impact proposal Requested 50.058% of the fund.
1.22 (18)

Tokenized tech indie drama film

$200,000 Requested

Solution: To solve the problem of finding financing for non-commercial indie films, we propose the use of cryptotokens to tokenize these as assets.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
not approved Requested 100% of the fund.
1.43 (21)

Tokenising employment - ERS

$20,000 Requested

Solution: ERS is an approach to continuous professional training that measures “employment impact”. It is a digital tool capable of connecting informal workers with job opportunities by valorising their skills.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
not approved impact proposal Requested 10% of the fund.
2.89 (18)

The Sustainable Goals Token Quick Pitch

$35,000 Requested

Solution: Developing a platform/token for impact investing, directly connecting you to projects by tracking their impact, and evaluating their effectiveness over time with clear impact measurements.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
over budget impact proposal Requested 17.5% of the fund.
4.52 (21)

STUDENTS TAKING THE PLUTUS PLB

$10,120 Received
$10,120 Requested

Solution: Our Plutus PBL (Project-based Learning) program will contribute to solving the problem, starting next month with students at Oxford University.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
funded impact proposal Awarded 5.06% of the fund.
4.8 (15)

Scoring Social/Environmental Impact

$48,400 Received
$48,400 Requested

Solution: We attribute “impact score” to volunteers/freelancers who contribute their time to impact projects (valuation). Users receive THANK tokens proportional to their impact score (monetization).

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
funded impact proposal Awarded 24.2% of the fund.
4.8 (15)

Rescuing Rural Areas Architecture

$7,500 Requested

Solution: To create A De-Fi Model to build and rescue vernacular - andean architectural spaces, public space and other facilities in rural areas in Chimborazo, EC.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
vote pending impact proposal Requested 3.75% of the fund.
3.06 (18)

Professional close-out video report

$29,800 Requested

Solution: Create professional videos with real-life interviews and extra footage based on the nature of the project. Prepare the videos for broadcasters and internet platforms that can take it and share easily.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
not approved Requested 14.9% of the fund.
3.87 (15)

Period Health app

$30,000 Requested

Solution: A privacy first app for :

•Data capture over longitudinal surveys over multiple years allowing to build a comprehensive profile for users

•Analytics of trends and personalized recommendation systems

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
not approved impact proposal Requested 15% of the fund.
3.22 (18)

NFT Non-Profit Organizations (NPOs)

$28,500 Requested

Solution: Establish the legal framework & partnerships for Non-Profit NFT projects to register as NPOs. The NFT-NPOs will maximize their ESG impact while offering incentives / NFT gifts to their donors.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
not approved impact proposal Requested 14.25% of the fund.
4.24 (21)

Nature conscious transactions ❤

$5,600 Requested

Solution: We benefit from a fabulous 4-billion-year-old legacy bequeathed by the Earth. 🌍 Let's bring this into consciousness with every transaction we do. With a fungible token on Cardano this can be done.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
vote pending impact proposal Requested 2.8% of the fund.
3.75 (12)

Micro Loan DAO for Sustainable SMEs

$14,250 Requested

Solution: A DAO for people to collaboratively provide micro loans to SME's that need help implementing sustainable initiatives, which result in DeFi compatible impact tokens that measure SDG success

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
over budget impact proposal Requested 7.125% of the fund.
4.29 (24)

Measuring business impact w Cardano

$14,550 Requested

Solution: Convert our existing Full Value Dashboard tool and methodology into an online tool that is used in both on-chain and off-chain use cases, and used at mass scale to measure current and future Impact.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
over budget impact proposal Requested 7.275% of the fund.
4.4 (15)

LoyaltyProgram Sustainable Projects

$28,000 Requested

Solution: Launching a consumer Loyalty program with a currency (FLORAS) that can only be spent on sustainable projects, allowing companies to claim the carbon credits. Cardashift is the perfect launch partner.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
over budget impact proposal Requested 14% of the fund.
4.17 (18)

Lokole Digital Library Monetization

$31,200 Requested

Solution: We propose to develop annual report to show how much social Impact our product Box Lokole Numerique to serve as an element of collecting data & demonstrating and monetizing social impact.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
not approved impact proposal Requested 15.6% of the fund.
3.53 (15)

Impact NFTs for the Homeless: SOTB Quick Pitch

$14,900 Requested

Solution: A non-profit NFT project that raises awareness about the different solutions to homelessness. The proceeds from the sale will be used to give housing to those struggling to find a place to live.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
not approved impact proposal Requested 7.45% of the fund.
3.87 (15)

Impact monetization 4 entrepreneurs

$20,000 Received
$20,000 Requested

Solution: Needs assessment of 450+ entrepreneurs on impact valuation and monetization, desktop research, and focus groups with experts.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
funded impact proposal Awarded 10% of the fund.
4.83 (12)

Impact Measurement of SPOs Quick Pitch

$15,000 Requested

Solution: Creating the Impact Measurements Tool to help define KPIs, measure and report them, with a focus on SDGs impact for SPOs.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
over budget impact proposal Requested 7.5% of the fund.
4.38 (24)

Impact Measurement For Businesses Quick Pitch

$15,000 Received
$15,000 Requested

Solution: Creating the Impact Measurements process and Tool for companies to help define KPIs, measure, verify and report them, with a focus on SDGs impact.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
funded impact proposal Awarded 7.5% of the fund.
4.67 (18)

Harvesting AirWater for Agriculture Quick Pitch

$11,000 Received
$11,000 Requested

Solution: Orgon-AirWater wants to provide an alternative source of water for farmers, through the installation of air water collectors integrating blockchain technology.

Fund: Fund 9 Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
funded impact proposal Awarded 5.5% of the fund.
4.8 (15)