Please describe your proposed solution
We propose a Request for Ideas mechanism for Fund13, to guide builders to choose what to build.
We will provide the Cardano ecosystem with high-value project categories and ideas for the Cardano Foundation or Catalyst team to review and endorse, and for the community to gather around and build with funding from Catalyst Fund 13.
We will do this by analyzing the Fund 12 submissions, both funded and non-funded, and providing a snapshot of what other ecosystems are funding at this time. We will analyze the gaps and opportunities created by these differences, and produce reports, graphics, and specific project ideas for the community to iterate on for the next round of proposals, separated by category.
The raw data and report will be provided to the Cardano Foundation and Catalyst teams prior to the selection of the Fund 13, and also provided to the community.
Implementing a "Request for Ideas" (RFI) suggestion mechanism within the Cardano Catalyst Grants offers several strategic advantages to builders and the Cardano ecosystem as a whole:
- Directing Development Focus: By listing the most interesting development solutions for Cardano, RFI guides builders by identifying what the community and ecosystem most urgently need. By categorizing requests into areas like Concept, MVP, Product, Open Source, and Ecosystem, it helps developers focus their efforts on creating solutions that are most likely to receive support and funding.
- Enhancing Innovation: Actively soliciting ideas from the community via a form prepared by Storm Partner (and the results of which will be shared with Catalyst), the RFI mechanism broadens the scope of innovation. It not only captures a diverse range of creative and practical ideas but also ensures that the projects developed are aligned with the real demands and creative directions desired by the Cardano community. This leads to a more dynamic development environment where novel concepts and projects can flourish.
- Addressing Ecosystem Gaps: Through community input, obtained thanks to the submission of ideas via the form made available, the RFI can pinpoint specific gaps within the Cardano ecosystem that may not be evident to project developers or even the broader market. By comparing these needs against other leading blockchain ecosystems, Cardano can target improvements where they are most needed, ensuring the ecosystem remains competitive and comprehensive.
- Boosting Community Engagement and Ownership: An RFI mechanism inherently increases community engagement by involving members in the ideation phase of projects. This involvement fosters a sense of ownership and commitment among community members, leading to more support and better feedback for projects.
In summary, by integrating a “pseudo-RFI” mechanism into Catalyst, in which Catalyst can present the actual needs and shortcomings of the Cardano ecosystem, Cardano Catalyst Grants can cultivate a more responsive, engaged and innovative development environment. This approach not only fuels the creation of features, infrastructure and applications that are directly beneficial to the Cardano ecosystem, but also ensures that the ecosystem evolves in a manner congruent with the needs and aspirations of its user base.