metadata: {"signature": "0x239283b6db1ef7d96d9a49ad8c4b576e9e4d1dc6d2ecbe96f83eb1ee2f79389f3ad1b6692c246dfa25c8a10ef38174993024a17f9df808d00b0159ff6f18ae7d1c", "application": {"round": "0x0ae6e5ba277298086b5ba9be9b112d159d1a89ad", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "ytaTgE2S/uQ98fa7de4Ktwdr5Z9MGQGkhBpsYXPvLZErDKReCbrswzmehmMGMDua", "encryptedSymmetricKey": "470f06b6a889162bb4e59a176f332e56091e4f05b95d13a2ac7b2de710a7d0d5212a3634d9a0bb0489f0c51278630f13cdf5de7d53963781a7666aac5c179a48e5e66b60a1ddb1111825007e940b96255796946146efa23ce7bdbc0f19e575a9826f6c9e38bf914cd6969f2f9bea4f05fb97e450167e8bead14cad0e17e0200200000000000000202c684f2fc4e4c39eeee1b90cf148ffb9d8a401f750ee95bc59847bd759a55c7412b73df0af6cffe3df5b94964b53c690"}}, {"type": "short-answer", "answer": "Gitcoin grants", "hidden": false, "question": "Funding Sources", "questionId": 1}, {"type": "number", "answer": "5", "hidden": false, "question": "Team Size", "questionId": 2}, {"type": "paragraph", "answer": "We intend for each project to have a hypercert with the following allocation:\n5% ownership to the proposer\n5% to the platform\n45% to the builders\n45% to the funders\n\nOver time, the hypercerts accumulate upvotes and downvotes from verified users (with proof of personhood.) This helps inform the allocation of retroPGF and, if we figure out the legal side of this potentially using our unique connections with special economic zones, also serve as entries into a raffle. ", "hidden": true, "question": "How does your project use hypercerts? Your project must either build upon the hypercerts protocol or be a pilot use case for new functionalities.", "questionId": 3}], "project": {"id": "0x9b67ebabd1fb31052c6d2afe25306f762673c8aaeec06c1416c266b8501b23f1", "title": "viaPrize", "logoImg": "bafkreiaui7tvdj42pd2rp6c5jdrmx64hhdh7ymeclyvga5wfqguwb76fky", "metaPtr": {"pointer": "bafkreiduagf7glqlstkfc2wovdfxfqqctxravufe55ma67cu7doeoahvau", "protocol": "undefined"}, "website": "https://viaprize.org", "bannerImg": "bafkreifya7rdnarjedcz5gxwuiifdqzpceodr7dy77ym5k326sbwf5z7cy", "createdAt": 1681478289164, "userGithub": "haonchon", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..Ob8PGZVQN_feq4ShxyMGF6E6ViMrfFzDJ5_rDM_2pGUEQP6VH4mBvkcxq6x2xpFJVlwJxiKZyeFdX-lre09tAg", "type": "Ed25519Signature2018", "created": "2024-04-05T00:52:38.217Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-05T00:52:38.217Z", "expirationDate": "2024-07-04T00:52:38.217Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x850a146D7478dAAa98Fc26Fd85e6A24e50846A9d", "hash": "v0.0.0:T+HROY7tfU8jZlPujKcaODEbd9+NKushjxg4+iSt4Fg=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#viaprize#123272916"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..qKyV_J2CjKW91Q5a5tYE3Xo32tde19muog8i1V0whEWsbsmwX23WKibN5fWJFaHZ2uFoFoPH_ThwdMJYUMfNAw", "type": "Ed25519Signature2018", "created": "2024-04-05T00:52:29.208Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-05T00:52:29.208Z", "expirationDate": "2024-07-04T00:52:29.208Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x850a146D7478dAAa98Fc26Fd85e6A24e50846A9d", "hash": "v0.0.0:ip4tQ7yquR2hr6tA74LjT24gwJo35/s/BEEcBsxPhSc=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#viaprize"}}}, "description": "# The problem\n$700M was wasted in 2023 on Kickstarter alone when fully funded projects never deliver what was promised. This is because traditional crowdfunding platforms fail to provide guarantees. \n\n### The solution\n![howitworks](https://i.imgur.com/N74nlT5.png)\nviaPrize solves this by taking the funds for a project and then welcoming anyone to complete the project. If no one completes the project, then everyone is refunded. \n\nPrizes include three types of contributors:\n![benefitsforusers](https://i.imgur.com/9xmyEhR.png)\nPrize proposers come up with the project idea\nPrize funders elevate the best ideas by showing demand\nPrize contestants win rewards building the project\n\nWith viaPrize, ideas are crowdsourced, rewards are crowdfunded, and project execution is an open invitation.\n\n### Incentivizing An Open World\nThis economic mechanism makes it easier to encourage open source software and research (even vaccine development!) because you can make being open source a requirement for someone to win the prize. \n\nThis reverses the incentive from builders wanting to monopolize a closed-source creation to instead wanting to release it to the world in order to win the prize. \n\n### The Middle Road for Public Goods Funding\nPrizes open up a complementary alternative in the public goods funding ecosystem that balances funder confidence and builder security. \n\nGitcoin optimizes for builder security because it gives upfront funds, but lacks funder confidence because there is no guarantee of success. \n\nOptimism Retro PGF optimizes for funder confidence because funders review the impact of existing projects and add rewards, but lacks builder security because there is no guarantee of any particular amount of funding.\n\nWith prizes, funders know they will either the project will be built or they are refunded, so they have some confidence. Builders know there is a certain amount of funding waiting for them if they successfully create a project, so they have some security. \n\nBuilders can also see how many others are working on the project and can either compete or contact the other contestants to collaborate.\n\n![Balancing](https://i.imgur.com/iLPihrt.png)\nWe look forward to a full public goods funding user journey where you receive:\nQF Grant - Before building (and ongoing)\nCrowdfunded Prize - When you finish building (prizes for a whole product and prizes for particular features)\nRetro PGF - When you see the impact of what was built\n\n### Our origins\nThe concept of crowdfunded prizes sounded revolutionary as I discussed it with residents of the entrepreneurs' pop-up city Zuzalu, so we tested it. As residents discussed the idea of making an AI voice for a river, I launched a prize and residents tossed in $20. After an impromptu five day hackathon attracting twelve builders, we presented the first AI voice for a nature entity in history to the Prime Minister of Montenegro. If we had used Kickstarter, then only the team who posted an idea would receive funds. By using prizes, any builder was welcome.\nHowever, I wanted to be certain this can make a real impact. Thus, I found myself watching anti-missile defense shoot down a kamikaze drone as it dove towards me while on my way to deliver medical supplies in Ukraine, funded by a prize from viaPrize.org\nThe medics ended up using the supplies treating 45 injured and saving multiple lives, and I decided to pursue this initiative full time.\n![myfavoriteprize](https://i.imgur.com/TxlQzz1.png)\n\n### Traction\n\nAs of Apr 4, 2024 we have distributed over $50,000 and have successful prizes for building projects ranging from free productivity apps to a new forum.\nWe recently have our first paying users and are making a small amount of revenue!\n\n### Thank You Gitcoin!\n\nThis has all been accomplished since June 2023 with our only funding coming from over 1000 donors on Gitcoin plus matching. Thank you for making this possible!\n\nMore about that here:\nhttps://gov.gitcoin.co/t/gitcoin-appreciations-thread/18332\n\n### Crowdfunding Portals\n\nIn Jan 2024, we added crowdfunding \"portals\" with two types:\n\"Pass-through\" where funds are immediately directed to the recipient\n\"All-or-nothing\" where you refund everyone if the funding goal is not met by the deadline\n\n### Next steps\n\nMVP - Tested during Zuzalu\nV1 - Current version. Usable for crypto natives\nV2 - By the end of the April 2024. Easier onboarding for web2 users.\nV3 - By the end of June 2024. Accessibility for people in developing countries by having a mobile app and cash offramps around the world for those who do not have bank accounts.\n\nWe are incubating the project by living with users and iterating on their feedback during Zuzalu inspired pop up villages around the world. \n\nWe also meet special economic zone governments through these gatherings and our GTM is B2G where we replace inefficient traditional government contracts with prizes and we split revenue with the partner jurisidiction for promoting the platform. \n\n### Connect!\nJoin our tg community: https://t.me/+QsphrF50bv43ZTg5\n\nSee opportunities to win prizes: https://x.com/viaprize\n\n### Try it out!\nVisit viaprize.org and post a prize or portal today! \nPeople who proposed a prize idea also receive 5% of the award. \nLet's build public goods!", "lastUpdated": 0, "projectGithub": "viaprize", "projectTwitter": "viaprize"}, "recipient": "0x1f00DD750aD3A6463F174eD7d63ebE1a7a930d0c"}}