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After this, PlanckerDAO, Greenpill, 4seas, and MuChiangMai began discussing how we might use this platform to crowdfund public goods for our communities. The current viaprize.org website is mostly web2 but we are preparing to switch to a web3 version. If we receive this grant then we intend to use the funds to prepare the platform to be used to crowdfund prizes for hackathons hosted by 4seas during MuChiangMai. Many thanks to Zik of PlanckerDAO for recommending we apply to this, to Robbie Li for spending time volunteering developing this project, to Link of PlanckerDAO for introducing the inspiration of \"The Wishing Pool\" (see here: https://www.noahchonlee.com/post/how-to-recycle-funds-to-your-areas-of-focus), to K of PlanckerDAO for introducing us to Nicholas Hu, to QJ of ECF for working with us to integrate viaPrize as part of a collection of community coordination tools called Zuzapp, and to Sun for welcoming us and many friends to Chiang Mai. ", "hidden": false, "question": "How will this project advance the development of the global Chinese Digital Commons?", "questionId": 3}], "project": {"id": "1:0x03506eD3f57892C85DB20C36846e9c808aFe9ef4:405", "title": "viaPrize", "logoImg": "bafkreiaui7tvdj42pd2rp6c5jdrmx64hhdh7ymeclyvga5wfqguwb76fky", "metaPtr": {"pointer": "bafkreifagtusozbz5yrcnflbzhr3cfkzxkjx3pdasaygubfmzx67y3phea", "protocol": "1"}, "website": "https://viaprize.org", "bannerImg": "bafkreifya7rdnarjedcz5gxwuiifdqzpceodr7dy77ym5k326sbwf5z7cy", "createdAt": 1681478289164, "userGithub": "haonchon", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..Tjp4Ll-mL7JwMjpR3DAno6nmIhq7a4psZ-7KJwfa2vJvG92MVdCvPKutw1wjB0JHL6ictzbrT_pJFcqa3Ik8Bg", "type": "Ed25519Signature2018", "created": "2023-08-11T07:07:23.944Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-08-11T07:07:23.944Z", "expirationDate": "2023-11-09T07:07:23.944Z", "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..4byj9e-I5na4qls_ZUWB-UCBERMpDFdFTOR0DCn-p2fIJVAO2Mgn_NWOjS2hZWpQqeaBCU7y-7QZG3378x20Cg", "type": "Ed25519Signature2018", "created": "2023-08-11T07:07:13.594Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-08-11T07:07:13.594Z", "expirationDate": "2023-11-09T07:07:13.594Z", "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": "# Crowdfunding Prizes for Public Goods with viaPrize.org\nviaPrize.org is the only platform in the world that allows anyone to create a crowdfunded prize (AKA \"bounty\") to incentivize the creation of public goods. This innovative solution overcomes the tragedy of the commons through peer-to-peer collaboration rather than bureaucracy.\n\n![publicgoods](https://i.postimg.cc/4dwMvs8B/Screenshot-2023-08-11-111440.png)\n\n### The Tragedy of the Commons\nIf a village wants a public good such as a road, they encounter the tragedy of the commons. This public good would benefit everyone, but no single person wants to take on the expense of making it happen. In today's world, the solution is to have a government tax the populace then offer a contract to build the road. In this way, everyone pays (or at least taxpayers do) and everyone benefits. However, this approach has downsides including slow-moving governments, limited knowledge of which projects will do the most good, and inefficient crowdsourcing of ideas.\n\n### Crowdfunded Prizes as a Solution\nWith crowdfunded prizes, anyone in a community can propose a variety of projects, anyone can add funds to the reward for completing a project, and anyone can complete the project and win the reward. This creates a mechanism wherein ideas recognized as valuable may gather momentum. This is beneficial for prize proposers, funders, and winners, as they can easily outsource great ideas, donate to projects they like in a de-risked way, and earn rewards for pursuing projects that help their community and/or the world.\n\n![howitworks](https://i.postimg.cc/cLyQ44PV/Screenshot-2023-08-11-101355.png)\n\n### Benefits for Users\nThere are three types of contributors:\n1. Prize proposers who come up with the idea\nBenefits - Be recognized for your good ideas, receive 5% of the prize pool, and receive impact certificates\n2. Prize funders add to the reward pool\nBenefits - If no one successfully builds the project, you are refunded. (Globally, 30 billion dollars are wasted annually on crowdfunding campaigns that never deliver. Imagine what the public goods ecosystem could do if we reclaimed even 10% of that?)\n3. Prize contestants build projects and win rewards\nBenefits - Moolah and kudos for creating public goods\n\n![benefitsforusers](https://i.postimg.cc/s2KScP1r/Screenshot-2023-08-11-101417.png)\n\n### The Middle Road for Public Goods Funding\nPrizes open up a complementary alternative in the public goods funding ecosystem that balances out funder confidence and builder security.  Gitcoin grants is great for builder security because it gives upfront funds, but bad for funder confidence because there is no guarantee of success. Optimism Retro PGF is great for funder confidence because funders review existing projects and add rewards, but it is bad for builder security because there is no guarantee of any particular amount of funding.\nThere's the additional issue that current options only exist because funds are being funneled from profitable projects to these more \"charitable\" programs, but the programs are not sustainable in and of themselves. How could a community launch its own public goods funding program without a pre-existing pool of funds?\n\n![Balancing](https://i.postimg.cc/FHrbjhQf/Screenshot-2023-08-11-105106.png)\n\nWith viaPrize, your community does not need a pre-existing pool of funds to launch their own public goods funding program. Imagine if you didn't need a corporate sponsor to launch a hackathon and instead could simply ask your community members to toss in $20. In fact, we did that exact thing by spending ten minutes posting a prize on viaPrize during the tech entrepreneurs residency Zuzalu which resulted in an impromptu hackathon to build airiverchat.com which we presented to the prime minister of Montenegro.\n\nTo coordinate the ideation, funding, and creation of public goods simply post a prize and let the community decide.\n\nMore details on this here: https://www.noahchonlee.com/post/prizes-as-the-missing-middle-road-in-public-goods-funding\n\n### Open Source and Impact Certificates\nviaPrize.org is open-sourcing its smart contracts so that anyone may use its system of funders voting on how to allocate their donations. The platform is also exploring rewarding funders with adding impact certificates through hypercerts. Additionally, the budget will be open-sourced and utilized to pay contributors and fund prizes for public goods. \n\n### Prizes and Projects\nviaPrize.org already has prizes being won such as Pastecal.com, a free zero-login calendar for unconferences, the first ever AI voice for a nature entity (airiverchat.com), and a delivery of medical supplies to volunteers in Ukraine which they needed a week later after a battle by Donetsk to save multiple lives. All this initial progress was accomplished through a team of passionate volunteer contributors with zero funding. Since then thanks to the first Gitcoin grant round, we have been able to continue growing the community. Thank you all for the support!\n\n![myfavoriteprize](https://i.postimg.cc/qqW2Kkq6/Screenshot-2023-08-11-101558.png)\n\n### Try It Out!\nCheck out the site and propose a project, contribute to any existing ones, or win the prizes today at viaprize.org!\nJoin our community to contribute or learn more: https://t.me/+QsphrF50bv43ZTg5", "lastUpdated": 0, "projectGithub": "viaprize", "projectTwitter": "viaprize"}, "recipient": "0x7b1636A4056f944B53fb1AdfeA30cC0d346cA73a"}}