October 27, 2022 – Austin, Texas
The purpose of the grant program is to “fund new directions in Web 3.0” by supporting projects centered around sustainability and positive impact.
Toppleis a blockchain built to track, tokenize, and monetize positive impact, and today announced it has launched the second phase of its application. First $1 million grant programIn addition, the company has disclosed the original grantees. sweet gum laba rising star in regenerative finance (ReFi).
This grant will enable Sweetgum Labs to build a passionate community of individuals who want to better understand and manage their carbon footprint.Catalyst Topl selects Sweetgum as first grantee.
Topl is accepting applicants for the second round of the grant program until November 15, 2022. The program aims to fund designers, visionaries and changemakers who are using blockchain to change the way business is done and the way markets operate.Influence as an important driver.
Grantees must build Topl’s own layer zero blockchain protocol. However, it can incorporate other Web 3.0 technologies if desired. The funds will be used to advance tangible development milestones that realize the program’s guiding principle of “making the world a better place.”
Sweetgum Labs CEO and Founder Vera Wang said:
“We saw a lot of top-down approaches in the carbon footprint space, but no structure at the community or individual level.That’s why we got involved with Topl. Over 85% of us are concerned about climate change, but less than 35% are taking action. ”
Wang continued by citing motivation for aggressive climate action, retail participation, and lack of public awareness as some of the main reasons.
Sweetgum Labs plans to use the grant to integrate with the Topl network to explore opportunities and create meaningful synergies and ecosystem partnerships using DApps built on the Topl blockchain.
Sweetgum Labs plans to leverage the Topl blockchain in three approaches.
- Recording and sharing personal environmental impacts Transparency and traceability not achievable with traditional Web 2.0 structures
- Environmental Impact Tokenization Hyper-tokenization enables a permanent record of positive behavior and assigns value to environmental activities
- Enabling interoperability and new opportunities Recording data on-chain makes it available for verification and use by other parties, such as on-chain carbon and data marketplaces.
Chris Georgen, Founder and Managing Director of Topl, said:
“Collaboration, hosting events together, and sharing contact and investor resources are in the spirit of a sustainability-focused blockchain ecosystem. I wanted to
“The Topl grants program is an important demonstration of the support and collaboration needed to accelerate climate change action. We are proud to support an amazing company like Sweetgum Labs with our first round of funding.”
Applicants can apply by filling this shape Before November 15, 2022. There are some requirements to keep in mind.Grant applicants must be legal entities and have technical competence In-house if possible Build on the Topl blockchain. They should propose an impact-centric project and use that money to fund part or all of building a solution or project on the Topl blockchain.
Founded in 2017, Topple A layer zero blockchain protocol built from the ground up to power the next wave of economic transformation. Its goal is to create markets and systems that ensure that the most influential actions are the most profitable ones.
Topl’s technology is used to track and verify conflict-free diamonds, fair wage coffee and chocolate, issue and secure nature-based carbon credits, and provide verifiable reports on corporate ESG initiatives.
Philip Robertsona partner of Impact Partners