Please describe your proposed solution.
Pre-Funding Activity
We have been very busy at both Impact Web3 and Sustainable ADA. Over the last three years, we have been creating partnerships, and developing relationships to put together the puzzle pieces and create the Sustainable Blockchain4Good ecosystem and community we have been dreaming to create. From all of our research, evaluation, and learning we have set ourselves up for our next steps in our impact journey.
Post Funding Activity
Launching Impact Web3 - an ecosystem of products and tools that support one another in creating larger ripple effects of positive social and environmental impact.
Impact Web 3 is a company that is focused on building and managing decentralized technologies that enable positive impact and sustainability initiatives. The company oversees several key projects that work together to create a more sustainable and equitable world.
One of the primary projects under Impact Web3 is the Sustainable ADA platform. This platform is built on the Cardano blockchain and is designed to facilitate sustainable education and raise awareness about blockchain4good, and especially Cardano4Good initiatives. Through Sustainable ADA, Impact Web3 was born.
The aim of creating Impact Web3 is to provide more educational content to users, and bring to life our mission of creating disruptive positive impact around the world. All of our initiatives are focused on helping show the importance of prioritizing sustainability and regenerative web3 projects that solve actual real world problems.
Another project under Impact Web3 is the Domino DAO, which is a decentralized autonomous organization that aims to promote social and environmental impact through blockchain-based governance. The DAO is designed to allow community members to take part in the work of impact evaluation. As an impact evaluator and DAO member, you can propose new ideas and vote on initiatives that can help the platform create greater positive change in the world.
The Proof of Impact Project (PIP) is another key initiative under Impact Web 3. This project is focused on developing a platform that can verify and quantify the impact of sustainability projects, making it easier for investors and other stakeholders to assess the social and environmental impact of their investments.
This project works side by side with the Domino DAO to help connect our DAO community with an impact measurement framework, and pool of impact projects. We will be providing job opportunities and adding roles for community members who want to support or just are interested in earning a wage. By helping companies track, trace, and verify their impact.
We will be researching how to best create this DAO and integrating the first stage of development to move toward a completely decentralized impact community. In this first stage, we will be creating a Token for DAO members. This will be an NFT called the "Domino DAO Founders Pass". This will give members lifetime access to DAO activities. Over time we will allow for the burning and minting of the DAO Founder Passes and after we have created a pool of founders we will move into a New "Member DAO Pass". As we expand to larger groups of members and new opportunities. This will also allow us to test new tools and scale the community in a way where all members have a voice and we are able to support all impact investors and evaluations entering our ecosystem. We want the Domino DAO the perfect place to onboard new users to Cardano and we believe by taking the proper steps in expanding this community we will be able to effectively reach this goal. This will be an organic growth method and allow us to efficiently scale our community for success.
Impact Web 3 is a company dedicated to using blockchain technology to create positive change and promote sustainability in the world. The company's various projects work together to create a comprehensive ecosystem and community that can help drive positive impact and sustainability initiatives forward. Through Impact Web3 we want to interconnect all the Blockchain for Good projects across all blockchains. But keeping a focus on Cardano as it is a leading blockchain for Impact. Seen in the Cardano Impact Report 2023.
<https://sustainableada.com/cardano-impact-report/>
Why we need Impact Web3 part of the Cardano community:
Vision:
Our vision at Impact Web 3 is a world where sustainability and positive impact are at the forefront of technological innovation. Where decentralized technologies empower individuals and organizations to work together in creating a more sustainable and equitable future for all.
Mission:
At Impact Web 3, our mission is to build and manage decentralized technologies that enable positive impact and sustainability initiatives.
We strive to provide educational content and raise awareness about the importance of prioritizing sustainability in web3 projects through our Sustainable ADA platform.
Domino DAO aims to promote social and environmental impact through blockchain-based governance and allow community members to take part in impact evaluation and be rewarded for their efforts.
We are actively working towards developing a platform, the Proof of Impact Project (PIP), that can verify and quantify the impact of sustainability projects, making it easier for investors and other stakeholders to assess the social and environmental impact of their investments.
Our projects are interconnected, working together to create a comprehensive ecosystem and community that can help drive positive impact and sustainability initiatives forward.
This funding will enable Impact Web3 to take the next steps in creating greater impact in the Cardano ecosystem and beyond.
Our Core Focus Areas with Impact Web3:
Education and Media: Sustainable ADA
Revamp the Sustainable ADA Educational Hub
- Support the Cardano Impact Report Initiative
- Support expansion of educational content
- Videos
- Courses with partners Blockchain Learning Center
- Virtua Metaverse Educational experience
- Content Creation Fund
- Onboarding more creators and members to the Sustainable ADA team
Impact Measurement & Investing: Proof of Impact Platfrom (PIP)
- Develop the PIP Platform
- Finalize White Paper
- Onboard First NGO
- Create Dynamic Proof of Impact NFTs (CIP-68)
- Develop an Impact Project Dashboard
- Develop an investor/supporter public dashboard
Onboarding: Domino DAO (DD)
- Create a founding board for Domino DAO (DD)
- Finalize White Paper
- Research and test learn to earn model
- Research using community tools like the Andamio platform
- Integrate voting tools for DAO via Clarity and Summon platforms
- Create onboarding info and start to create a community of impact investors, evaluators, & projects
- Create Impact Evaluation PBL certification course to prove our evaluators are certified and have the proper skills
- Research DID integration with ecosystem service providers such as ProofSpace, Atala Prism, IAMX
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
Our proposed solution, Impact Web3, directly addresses the challenge by focusing on building and managing decentralized technologies that enable positive impact and sustainability initiatives within the Cardano ecosystem. Through our various projects, we aim to create a comprehensive ecosystem and community that promotes sustainable education, impact measurement, and blockchain-based governance.
Firstly, our Sustainable ADA platform, built on the Cardano blockchain, plays a crucial role in raising awareness and providing educational content about blockchain4good, and especially Cardano4Good initiatives. With the funding, we plan to revamp the Sustainable ADA Educational Hub, expand educational content, including videos, courses in partnership with the Blockchain Learning Center, and even create a virtual metaverse educational experience in Virtua. These efforts will empower users to understand the importance of prioritizing sustainability in web3 projects and encourage broader adoption with real world positive impact.
Our Proof of Impact Project (PIP) focuses on developing a platform to verify and quantify the impact of sustainability projects. This platform will allow investors and stakeholders to assess the social and environmental impact of their investments more easily. With the funding, we will finalize the PIP platform, onboard our pilot project with our first NGO, create dynamic Proof of Impact NFTs, and develop an Impact Project Dashboard. These initiatives will provide transparency and accountability, making sustainable investing more accessible and attractive.
The Domino DAO, another project under Impact Web3, promotes social and environmental impact through blockchain-based governance. With the funding, we will establish a board, finalize the White Paper, build upon open access research to develop our learn-to-earn model, explore the use of the Andamio Platform, integrate voting tools, create onboarding information, and offer an Impact Evaluation PBL certification course. These efforts will enable community members to actively participate in evaluating and driving impactful initiatives.
By addressing these challenges and leveraging the funding to enhance our projects, Impact Web3 will bring significant benefits to the Cardano ecosystem, and demonstrate to the world what Cardano4Good is all about!
These benefits include:
Increased awareness and understanding: The educational initiatives under Sustainable ADA will empower users to grasp the importance of sustainability in blockchain projects, fostering broader adoption and support within the Cardano community.
Transparent impact assessment: The PIP platform will provide investors and stakeholders with reliable data to evaluate the social and environmental impact of sustainability projects, enhancing trust and attracting more sustainable investments.
Community empowerment: Through the Domino DAO, community members will have a voice in impact evaluation and decision-making processes, creating a more inclusive and participatory ecosystem that aligns with Cardano's decentralized principles.
Collaboration and knowledge sharing: Impact Web3's projects will facilitate collaboration between various Blockchain for Good projects, not only within the Cardano ecosystem but also across different blockchains, fostering innovation and collective efforts for positive change.
Our proposed solution, Impact Web3, directly addresses the challenge by leveraging decentralized technologies to promote positive impact and sustainability within the Cardano ecosystem.
By investing in education, impact measurement, and blockchain-based governance, we aim to create a more sustainable and equitable future for all stakeholders in the Cardano community and beyond.
How do you intend to measure the success of your project?
Type of proposal: Research & development
Success Metric:
Research & development - Number of projects utilizing new approaches to development or node operation, number of new standards created due to research efforts.
Development projects most suited here will be open source with the aim of the work executed being available for the benefit of other projects to use and build their applications with
Projects are welcome to make proposals in this category for any specific parts of their project that would be open source and should have benefit to the wider ecosystem around improving the development ecosystem or operation of Cardano.
Why is it important?
Developers need tools and software to more easily build and scale applications and integrations on the Cardano blockchain
What does success looks like?
Innovation in tools, software or research that support how developers build applications or that help with improving Cardano infrastructure
Key metrics to measure:
- Increasing the scalability of Cardano through the introduction of solutions that could in the form of research, layer 2 solutions or integrations of existing solutions.
- Increase the number or quality of the standards, resources and research that make it easier for node operators and developers to understand the ecosystem and to improve the overall quality of the software being delivered across the ecosystem.
We will be measuring the following KPI:
Education: Sustainable ADA
Revamp the Sustainable ADA Educational Hub
- Time supporting Cardano Impact Report Initiative
- # of new content types
- # of educational content pieces
- # of courses
- # of Partnerships
Impact Measurement & Investing: Proof of Impact Platform (PIP)
- Launch White Paper
- # of Impact measurement data points
- # of Dynamic NFTs
- # of team members onboarded
- # of investors
- # of Donors
- # of partnerships
Onboarding: Domino DAO
- # of board members
- # of advisors
- # of hours researching learn to earn model
- # of Onboarding Resources
- # Of Members Onboarded
- # of Community Mods
- # of Partnerships
Please describe your plans to share the outputs and results of your project?
We plan to share the outputs and results of our project through various channels, including social media platforms, community forums, and the Sustainable ADA website.
We will publish regular updates, of discussions held in Cardano for Good, and feature the achievements of the showcased projects. We will share updates on our milestones and increase marketing efforts to create more transparency and encourage more participation in our educational content.