Why is it important?

This approach allows Catalyst funds to be directed a specific, voted upon solution (like an X Prize) which is more accessible to everyone.

What does success look like?

Addition, solution-specific Challenges with requirements and bounty to award any person/team who creates a specific solution to help Cardano

Key Metrics to measure

Specific community based problems solved. ADA paid to creators. Benefit derived from solution. Open Source code available.

Challenge brief

The Cardano community must come together to solve specific ,well-known problems. Instead of hoping someone dreams up a great solution, we want to create Cardano Challenges that allow anyone with an idea to solve and be rewarded for solving a Community Problem.