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June Akra Proposals (7)
Challenge: Developer Ecosystem
Challenge: Developer Ecosystem - The Evolution
Challenge: Elevate the Metaverse with RealFi
Challenge: Cardano DeFi Dominance
Carbon ERC-20 Converter to Cardano Quickview
Challenge: Women of Cardano Involvement
Carbon as DeFi Asset | BlockCarbon Quickview
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Since submitting the Extended Monthly Report for September 2022 for 800062, we have invited interested ERC-20 token holders to submit via Google form their intention and token amounts to participate in the launch event and express their motivation for changing to Cardano. We also continue to work with interested parties to create a response to the recent "bad press" for tokenized carbon projects, and efforts by Verra and other standards to shape the integration of off-chain and on-chain voluntary carbon markets. The DripDropz Instant Reward API was expected to become available early October, but is now expected early November. We are finalizing a launch event and video for November and the following close-out presentation.
For the ERC-20 Converter project, we collaborate with DripDropz through joint team member Lloyd. For the overarching BlockCarbon foundaton and Markets, as reported for 800063, we held team Zoom meetings between June, Lawrence and Thomas about suitable existing bridges, implementation of Plutus V2 and adding Cardano smart contracts mirroring minting and burning functionality of other voluntary on-chain carbon tokens. Conducted legal and administrative work leading to custodial and transactional readiness for European and Asian investors in various legislations; bank accounts; trading accounts and fine-tuning of allowable BlockCarbon registry methodologies and integration of partner activities into native Cardano token projects to be launched on BlockCarbon Markets. Finally, adding focus to carbon markets alongside DeFi, with planned online portal being developed: tracking of convergence and arbitrage for fungible Ethereum, Polygon and Solana carbon tokens as wrapped or bridged assets. https://drive.google.com/file/d/1slBKCLre0GFpiFkLwxuPmme6XBdKgii0/view?usp=sharing
We are filing a report for both BlockCarbon projects (Marketplace & Converter) as a joint document this month as there is increasing overlap. Both projects are on track to launch deliverables (in case of Marketplace: first part) after Vasil / prior commitments of our partners some time this quarter or early Q4.
We are excited to collab with DripDropz on this project and create the capabilities for simple token conversion from ERC-20 to Cardano. Despite the current bear market in DeFi (TVL has dropped 75% since BlockCarbon launched) and headwinds for carbon tokenization (https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/energy-transition/052522-as-verra-halts-tokenization-of-carbon-credits-toucan-vows-to-keep-web3-ethos-alive) we think that this is a great time to test our technological and fund raising capabilities to quickly absorb market share from Ethereum and Polygon token initiatives.
Already had team/collaborator zoom call and project outline