--- tags: web3 --- # Bi-weekly Updates for PL # 4/26 - Gnosis setup complete - 0xb76Bf9286F8588E7953FF5D75dE323238e7349bB - Foundation legal setup almost finished - The foundation will still need to take a 7~10% cut for this to be legal - Just went through review process and interviews for funding for FtC - Passed, funding amount yet to be announced - New high school educational project in talk - ESG related projects still stuck - Including KPMG conversation - MODA funding to be confirmed end of May, 80% chance for success - All other projects' hypercerts are being distributed on time QA - Minting unstable - success after several failed attempts with same inputs - Chose 100 for distribution but still getting claimables on dashboard # 4/5 ### Ongoing projects - [Studi0](https://g0v.hackmd.io/@da0/Bk17WxI13) - [The G00D Class](https://g0v.hackmd.io/@da0/B1MByRHk3) - [Frontier Decentralized Newsroom](https://g0v.hackmd.io/@da0/H1cmGxI13) - FAB DAO: https://hackmd.io/@IA3HGZ7gQFi7IaBVvwY_IA/BJVXwxv1h ### To be confirmed ESG related projects - Plastic wastes：TBD - Chi Po-lin Foundation - https://www.chipolin.org/ ### Government update - Ongoing effort ### FtC update - To be notified ### KPMG conversation - SROI - Carbon credit exchanges - Yet to follow up ### Challenges - Legal setup # 3/15 ### Pitch deck https://www.canva.com/design/DAFVX9jTMJo/8nK9uAiOxCEjLZ1f5sUBHA/view?utm_content=DAFVX9jTMJo&utm_campaign=designshare&utm_medium=link2&utm_source=sharebutton ### Project document updates - [Project template](https://g0v.hackmd.io/@da0/HynRbpHJn) - [Studi0](https://g0v.hackmd.io/@da0/Bk17WxI13) - [The G00D Class](https://g0v.hackmd.io/@da0/B1MByRHk3) - [Frontier Decentralized Newsroom](https://g0v.hackmd.io/@da0/H1cmGxI13) - FAB DAO: https://hackmd.io/@IA3HGZ7gQFi7IaBVvwY_IA/BJVXwxv1h - Plastic wastes：TBD ### Deliverable highlights at FtC? - Stories - Use Hypercerts in novel ways, ex. Auctions, sales - Other participants to create hypercerts for their talks - MODA experiments ### Updated whitepaper - WP https://hackmd.io/iLcgzI7KThGtBtOFoKtd8w?view - Discussions https://hackmd.io/ezldrhPbQ1eErUlyU6PZ2A?view ### Technical clarifications - Merge vs cannot merge > Time vs Fractions - Which is real? to be clarified - https://testnets.opensea.io/zh-TW/assets/goerli/0x822f17a9a5eecfd66dbaff7946a8071c265d1d07/26201742252912261686679844772246152282113 ### Timeline ![](https://s3-ap-northeast-1.amazonaws.com/g0v-hackmd-images/uploads/upload_197dc7b7749af60587bdbba39f0dc502.png) https://docs.google.com/spreadsheets/d/1VeMFJTjHIn6ttn5hhiAUPUPFGdoYFBkQNpx3KEfDgi4/edit?usp=sharing ### Funding in place - The G00D Class : 4K USD in place - FAB DAO : 50K USD in place - Frontier : Goal-30K, verbal commitment 15K - Plastic Waste : TBD ### Progress with MODA - Early April test program ### Other worldwide plans from PL? - Specific communities, ex. Gitcoin, Celo, Optimism, DAOs Aave, Uniswap, NounsDAO - DeSci contributors - Convertible Hypercerts https://www.lateral.io/ # 2/15 - Audrey coined the Chinese translation of Hypercerts to 『超證』 - We've boiled down to 4 projects - Plastics waste reduction (Happening in months) - Aim to prove corporate ESG money can go to Hypercerts solutions - work with TCFA (http://www.tcfa.org.tw/) - High effort, high volume - Matters, Decentralized Newsroom (Starts April, ends Oct, there's a chance for this to be part of FtC) - Aim to showcase Hypercerts has the potential to solve broken journalism models - work with Matters - Low effort, medium volume, around 30K USD - The Good Class 3.0 at NTU (Starting 2/22) - Aim to showcase how Hypercerts might make changes in education, the way we do it is similar to a conference - work with National Taiwan University - Low effort, low volume, around 10K USD - FAB DAO (Ongoing, can start anytime) - Aim to showcase how Hypercerts might help NPO/NGOs establish business models - Work with FAB DAO - Funding in place, around 50K - Low effort, medium volume (fund raised) - Studi0 team compensation - Reference global charity organizations - American Red Cross : Ops<5%, 91% to programs - World Vision : 85% to programs - Doctor without Borders : 89% to programs - Nature Conservancy : 71.2% to programs - Studi0 15% of AUM - Core team 8% - Guerrilla team 5% - Ops fee 2% - Legal structure - Foundation collaboration confirmed, working on details and % now - Frontier foundation https://www.frontier.org.tw/blog/ - FtC - Preferred time 12/9,10, right before Taipei Blockchain Week - ![](https://s3-ap-northeast-1.amazonaws.com/g0v-hackmd-images/uploads/upload_edd44c9fa9ca5dd97f11f9a72b081a53.png) - https://www.songshanculturalpark.org/news/article/9d5036ed-69e7-4d48-8c96-c37c9b00d015 - Applying for 50K funding with TABEI（https://www.chain.tw/）from NDC（https://www.ndc.gov.tw/）for around 50K to support FtC Taipei - 2/28 application deadline, results end of March - Other notes - High possibilities of working with MODA & government next year # 2/1 ## Quick notes - Whitepaper has been translated into Chinese, but due to recent changes we're making adjustments, will share with you once done - https://network-goods.github.io/hypercerts-docs/ - Semester-long classes about Web3 x Commons at Taiwan University (#1 university in Taiwan), hypercerts will play a big part - Web3 x Commons Chinese podcast "Ut0pia" to be launched early Feb, next episode hope to invite Holke or Carl to the show ## Team - We focused on bringing in experienced professionals instead of crowdsourcing talents from our community, profile of the team - Legal from venture capitals - Fund raiser at g0v - Web3 x Social Good experts - ESG experts from corporate world - With 5 individuals at core team we also built an incentive structure - Core team is issued fixed amount of hypercerts issued by ourselves on monthly basis - Part of our issued hypercerts would go to guerrilla contributors on case by case basis - A percentage of the fund raised would be used to buy back hypercerts from this team, percentage to be determined - We are in the process of figuring out the exact numbers that everyone is comfortable with ## Legal - There will be no legal entity for this team, all compensation is based on the issuance of hypercerts - Tax deduction will be a benefit for the donors - Funding goes through a foundation we partner with - The foundation will take around 10~15% as commission - This makes talking to corporations much easier - We are choosing between two foundations, decision yet to be made ## Planning - Goal - Showcase corporations would make donations retrospectively - Showcase contributors earn more than expected - Note : The transfer restriction made this experiment more focused - Theme of the campaign - Although we talked to many projects and teams, and many have shown interests, we thought it'd be better if we focus on one theme that is of interest to funders - Criteria - Of funders' interests - Easy to measure - Easy to showcase - Easy to scale (with projects) - ex. Plastics waste - Timeline - We want to confirm dates for FtC as early as possible - Between now & Ftc - Raise fund till October, 2023, goal is now 500K USD - Under the same theme, involve 3~5 key showcase projects, open to more with workshops - Start preparation with FtC starting end of October - Key proposition to funders - Participation in world's leading public goods experiment - Clear impact measurement under one theme - Tax reduction - Key proposition to projects - Potential retroactive funding if you issue hypercerts ## Funding - Confirmed 50K from PL - Launch fundraising effort again in two weeks - Shown interest - Dentsu Media Group - Huanan Commercial Bank - Taiwan Cement ## Projects - Waiting for theme decision - Would require a bit more discussion and research