metadata: {"signature": "0xaba59d1fb566e28ee6b96d84026b1e90528c5d9a9e80838f482a5f02a72a22795941b63a7616fd6ac4ae37c9742b3a0fe2e081fd60f0d3052b2c92fc529d101e1c", "application": {"round": "0x9288f7f7f428ed6a7225a8c986855b95d9adb106", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "ZFWTqsPB+rAus4KKOXAB0fDoRQCUPMKzpy+jQYIttXOjYVpwn038d7UbDcOuj8OQ", "encryptedSymmetricKey": "5fc4516a48b57103e639974ea6ee24914b78d34c47ef542a03f1670558c348ceced052078cc64898930f597910bc6907a45cc57f4726e5327e7f4ffcb8087619ce693aedfc5f2a6061f04705d94326c922f0014230d162e1ae3bb954ef400b80b29106318af6a5d62a25925b3b0ebd6ea169465f9837c656112f171ca13e3dc9000000000000002020a570113a6246b9eb2c7b5eac7e0bfdd37cee144fe14862d5597aac0a17b0e65d53524c94f4d34a48ba645d73225681"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle", "questionId": 1, "encryptedAnswer": {"ciphertext": "l0f+bguKE5oVeM+UGPelwXSKBDO1itOsXEf4q1rItrY=", "encryptedSymmetricKey": "151081008f78b3a757febb47d7c571cfd70de1f1a352a2dde05d28e8ceae229fe38eda6ff37ed215b632e8f99e26b60cb5809f64d74b41f39f8e2b234fed9586d3b90ca7e88aa4cdda12150faf0fcf48ac98149e640f962fb533af73e8e8218345a4670f8dd856fceb90b50e1bf75bd0b48447f871b6b1dd48e0112596565fee00000000000000202322da6cf274394023ec4c4ba7c6e267552a717cc9e97d0cc1e96487884a424142f013bc1c12585d78c46be01518828a"}}, {"type": "short-answer", "hidden": true, "question": "Gitcoin Gov Forum Handle (gov.gitcoin.co)", "questionId": 2, "encryptedAnswer": {"ciphertext": "9kawp4VrQlw3rduQRSomSO4O5QxSyynkEYacMnPxebU=", "encryptedSymmetricKey": "88b2a4deaa998c2f16a895d83942c6511c93a514730197830ae47829494a588bb4ac69826292526f7b2bb0379760620c7a9687efc76ee2eda2451a6dbc8b7041dda1f2361d31796544b113fc0755749e365772db841ce089f1b1fdd7452bcdb41eceb4b8fd5a2f3ac3105ff53386224bb0e30f9ab8af94119ff02edba4cc91e3000000000000002091ac304d01a7120610f6368bb03de8f459adb095c3c884b00f5e2b374c902692c8d1cf76cfebb38509fdff7fb77051b7"}}, {"type": "short-answer", "hidden": true, "question": "Arbitrum Gov Forum Handle (forum.arbitrum.foundation) - Arb has provided some funding for the round and we want our community to get more involved in governance. ", "questionId": 3, "encryptedAnswer": {"ciphertext": "TCOdh2BwTVBttxWQh76i8+/LzJtYxgyHTNVvXo5V5bM=", "encryptedSymmetricKey": "2862141719f4be82eca280670e0b71bb68ef38b78d9099f916b242b5048a4da1dcb21bbc186d8ed9f106ff6ccf37e906ce4e942d0e71ee43a9e32f0f5603aae869556d45042fde6c8820d6553616edb1576a68f1a0a688f1b7e47d931a1977b2a55b70a77868416f2b1d018be602a1f6525473c2cd88f0ea99c827713e9f3c1200000000000000200b4f8513ab1d5babd8ae8a6383aa7e18029264e34ef0e6c6595c208ba55f438140ca8763f3e4f279b10b2eb585a0ea85"}}, {"type": "short-answer", "hidden": false, "question": "Link to your Public Group Chat (Discord or Telegram )", "questionId": 4}, {"type": "number", "answer": "20000", "hidden": false, "question": "Total prior funding for the project in USD", "questionId": 5}, {"type": "paragraph", "answer": "We are founder funded.", "hidden": false, "question": "Please expand on how much funding you\u2019ve received from each funding source and when? (VC, grants by foundation, token sales, etc)", "questionId": 6}, {"type": "number", "answer": "12", "hidden": false, "question": "How old (in Months) is the project?", "questionId": 7}, {"type": "address", "hidden": true, "question": "If you participated in past grant rounds using a different project payout wallet address, please share it here:", "questionId": 8}, {"type": "number", "answer": "6", "hidden": false, "question": "Total team size", "questionId": 9}, {"type": "paragraph", "answer": "Stefano Tempesta - CTO https://www.linkedin.com/in/stefanotempesta/\n\nHarry Anderson - MD / Onboarding CDR Projects\nhttps://www.linkedin.com/in/harry-d-anderson/\n\nEleonora Dell'Amico - Investor Relations (investing in our green bonds not in Aetlas)\nhttps://www.linkedin.com/in/eleonora-dell-amico-676a6b1b5/\n", "hidden": true, "question": "Profiles or socials of other main team members publicly associated with the project: ", "questionId": 10}, {"type": "paragraph", "answer": "Project Age and Verification: \nAetlas, was launched 12 months ago, as evidenced by our web domain registration date for www.aetlas.com and publicly available UK company registration. \n\n\nSingle Project Submission: \nWe are only submitting one project for this grant round.\n\n\nFocus on Climate Solutions: \nAetlas is squarely focused on climate solutions, unlocking green finance for carbon removal projects with digital green bonds.\n\n\nProgress and Accountability Reporting: \nAetlas is committed to transparency. We have an newsletter with regular updates which can be found on our website. Additionally, our BETA for the first of our solutions is now live and available for project developers to sign up. \n\n\nViability and Team Expertise: Aetlas is fully within the \"realm of viability,\" with realistic and achievable goals set against the backdrop of current technology and market conditions. Our team consists of experts in blockchain technology, climate finance, and CDR project development, ensuring a deep understanding of both the technical and environmental aspects of our project. We are committed to building and scaling Aetlas as a credible and impactful climate solution. Further emphasising viability, we have a large Brazilian biochar CDR project as a launch partner.\n", "hidden": false, "question": "Please explain how your project meets the Climate Solutions Round eligibility criteria. ", "questionId": 11}, {"type": "paragraph", "answer": "n/a", "hidden": false, "question": "If you've received funding in past grant rounds, please share any new updates or milestones from the prior months. You can also include the challenges you've faced. ", "questionId": 12}, {"type": "checkbox", "answer": ["No"], "hidden": false, "question": "Have you used Hypercert, Deresy, Karma GAP or other impact tool for your project? ", "questionId": 13}, {"type": "paragraph", "hidden": false, "question": "Please share links to any tools you are using to track impact (Hypercerts, Deresy, Karma GAP).", "questionId": 14}, {"type": "paragraph", "answer": "We have 2 core metrics. \n- CO2 Removed (high-durability = 1000+yrs) - (Measured in Tonnes)\n- Funding for CO2 removal - (Measured in Dollars)\n\nOur metrics for each product are derived from the our core metrics. \n\nFor Digital Offtakes:\n- Number of offtakes for carbon removal certificates minted. (each represent 1 tonne) - (Tonnes)\n- Total monetary value of committed future sales - (Dollars)\n- Volume of durable CO2 removal offtaken - (Tonnes)\n\nFor Digital Green Bonds & CBOs\n- Volume of durable CO2 removal funded - (Tonnes)\n- Total funding for CO2 removal - (Dollars)", "hidden": false, "question": "How do you measure the impact of your project? Please provide examples and/or standard metrics. This might be used in future impact reports ", "questionId": 15}, {"type": "paragraph", "answer": "Our target audience is carbon removal projects often located in developing countries and often not familiar with web3. \n\nFor the purposes of authenticity, please find more information on our organisation:\n\nWe are a registered company in the United Kingdom and comply with UK regulation and law. \n\nOur company registry is public and can be found here:\nhttps://find-and-update.company-information.service.gov.uk/company/14348923\n\nOur launch partner BioCarbonGrow is registered in Brazil and in the process of register a UK based company for project financing and KYC/AML compliance. They are available for references.\n\n", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that may help in determining project eligibility?", "questionId": 16}, {"type": "checkbox", "answer": ["Yes"], "hidden": true, "question": "Would you like to opt-in to future messages from the Climate Coordination Network (CCN) for updates, information, and/or interviews? ", "questionId": 17}, {"type": "checkbox", "answer": ["Yes"], "hidden": true, "question": "Would you like to opt-in to us sharing your information with select third-parties for investment opportunities? ", "questionId": 18}, {"type": "multiple-choice", "answer": "Other", "hidden": false, "question": "Which of these categories best represents your project? Choose from: ", "questionId": 19}, {"type": "checkbox", "answer": ["Europe", "Oceania "], "hidden": false, "question": "Location/Region where the project is located: Choose from: ", "questionId": 20}, {"type": "multiple-choice", "answer": "Central and South America", "hidden": false, "question": "Primary Location/Region where the project is making an impact: Choose from: ", "questionId": 21}, {"type": "short-answer", "answer": "Brazil", "hidden": false, "question": "What specific Country or Countries are you making an impact in?", "questionId": 22}, {"type": "checkbox", "answer": ["Yes"], "hidden": true, "question": "Have you read and confirmed your grant abides by the Program General Eligibility Policy? https://gitcoin.notion.site/GG18-Eligibility-cb4a5754c56043d4b3ed34eddbac261c?pvs=4", "questionId": 23}, {"type": "checkbox", "answer": ["Yes"], "hidden": false, "question": "Would you like to be included in an additional 125k sub-round funded by Shell? All grantees must agree to a KYC process to be eligible to receive these funds. ", "questionId": 24}, {"type": "checkbox", "answer": ["Yes"], "hidden": false, "question": "Would you like to be included in an additional 50k sub-round funded by Celo? In order to qualify you must meet one of these eligibility criteria: Have an active deployment on the Celo blockchain or Have a clear public intention, commitment, or roadmap towards supporting Celo.  ", "questionId": 25}], "project": {"id": "0xb1875c2977fa60f2d2cd23615ed4983b18c9d6866ffa18866e54ed1129ef8b69", "title": "Digital Green Bonds with Aetlas Protocol", "logoImg": "bafkreihzgc7vxbu3vxsbla6dak3fxvjwt3kuknztltha7b6ffsaa52xeoi", "metaPtr": {"pointer": "bafkreidwamhp72dwit6brppql3eqiid43srvx2g542xvgoauvf5e2wfaje", "protocol": "undefined"}, "website": "https://www.aetlas.xyz/", "bannerImg": "bafkreiaw7l4t5v7fvi52e7af26nckco6uxsgermmyrdbb4uctwyk7xilzu", "createdAt": 1713212805888, "credentials": {}, "description": "Aetlas Protocol comprises three main components designed to streamline and automate the offtaking and project financing for carbon removal projects: digital offtake agreements, digital green bonds, and digital green CBOs (Collateralized Bond Obligations). \n\nMore information available at https://www.aetlas.xyz & aetlas.gitbook.io\n\nSecuring offtake agreements for Carbon Dioxide Removal (CDR) projects is essential for raising project finance because these agreements provide a guaranteed revenue stream by ensuring that the carbon removed is purchased at a pre-agreed price. This certainty of future income makes CDR projects more attractive to investors and financiers by significantly reducing the financial risks associated with the projects. Offtake agreements demonstrate market demand and validate the economic viability of the CDR projects, thereby increasing investor confidence to commit capital. Essentially, these agreements act as a critical financial anchor, enabling project developers to secure the necessary funding to move forward with the construction and operation of carbon removal infrastructure.\n\n\nAn Overview of Aetlas Protocol:\n\n\ud83c\udf31 Digital Offtake Agreements automate the delivery and settlement of carbon credits, reducing operational costs and enhancing transaction efficiency. As a self-executing smart contract, they automate CDR credit delivery, impact verification and enable the leveraging of future revenue as collateral for digital green bonds, thereby reducing manual processing and administrative costs.\n\n\ud83c\udf31 Digital Green Bonds simplify the bond issuance and management process, expand market access, and improve liquidity by facilitating fractional ownership and easier transferability. These smart contract bonds are secured by future revenue from offtake agreements, simplifying bond issuance and management, and enhancing transparency with automated debt servicing and transparent live impact reporting. These are circa 85% cheaper to issue and manage than traditional bonds.\n\n\ud83c\udf31 Digital Green CBOs allow for the pooling of multiple projects into a single investment vehicle, diversifying risk and offering a unique opportunity for investment in a broad array of sustainability initiatives. They are built as autonomous smart contracts for automated lending and asset pooling. Each CBO has it's own eligibility verification governed by it's holders (lenders), ensuring that only projects meeting specific green criteria are included. \n\n\n\ud83c\udfd7\ufe0f First Implementation:\n\nAetlas is partnered with BioCarbonGrow, Brazil to build and finance a new Biochar-based Carbon Dioxide Removal (CDR) project. \n\nThis project focuses on converting woody biomass into Organic Biochar Fertilizer, aiming to significantly improve soil fertility across Brazil's agricultural and forestry sectors. The project is set to deliver a high-integrity, durable CDR solution, with a pilot phase generating an estimated 26,000 Carbon Removal Certificates (CORCs) annually. With successful pilot outcomes, we anticipate scaling up to produce 3,240,864 CORCs yearly. \n\nThe core of our project design is built around meeting the expectations of both carbon removal certificate buyers and green bond investors. Adhering to Puro.earth's Biochar Methodology and the green bond market's regulatory framework, ensuring the highest quality standards in biochar production. We will use PEFC-certified sustainable woody biomass and locally sourced agricultural waste, supported by a comprehensive Life Cycle Assessment (LCA) to affirm the project's net-negative CO2 emissions profile.\n\nThe BioCarbonGrow project will issue all Offtakes subsequent Green Bonds using Aetlas Protocol. \n\n\n\ud83d\udcb0 Use of Gitcoin Grant Funds\n\nOur digital offtakes are open source and free-to-use. \n\nAll money raised will be used to fund development of our open-sourced smart contracts for digital offtakes, green bonds and CBOs.\n\n\n", "lastUpdated": 0}, "recipient": "0x00bFdB6Dd18B84Bf279c16E327C9Ee9cdAC21e64"}}