Key points discussed

This session provides an in-depth understanding of Hypercerts and Impact Funding Systems, presented by Sophia, a contributor for Hypercerts. Hypercerts is introduced as an open data layer designed to track and reward positive impact, tackling the challenges associated with traditional public goods funding processes. It aims to address the misalignment between value creation and profitability, while also countering fragmentation in the funding of impactful initiatives.

The session covers the concept of Hypercerts as ERC 1155 tokens representing unique claims about impactful events or actions. These tokens store information about the date of impact, related tags, and the scope of work involved, establishing a transparent data layer across the blockchain. Furthermore, it addresses the challenges and examples of value creation vs. profitability, emphasizing the need for alternative funding mechanisms.

The fragmented funding ecosystem and its impact on funding initiatives are discussed, highlighting the lack of standardization and the resulting difficulties in validating impact claims. Additionally, the concept of a fragmentized layer for tracking and rewarding impact, built on top of Hypercerts, is introduced. It details Hypercert's attributes as a data layer, structured schema for organization, and the potential addition of Ethereum Attestation Services for evaluations and attestations.

Sophia explains how funding mechanisms can be based on evaluations recorded in Hypercerts, with funding decisions made by holders or designated decision-makers. The session then delves into technical details about Hypercert, including its ERC 1155 semi-fungible token nature and the benefits of fractional ownership.

About the session

Why Hypercerts?

It’s a protocol aimed at facilitating funding and rewarding positive impact.

Hypercerts represent public claims on specific work and its impact, allowing projects to issue them to contributors and funders to own fractions of these certificates.

This system fosters recurring income for impactful projects through retrospective funding, rewarding projects based on the impact they create, and offers a scalable, interoperable, and transparent environment for funding public goods. It addresses the need for effective impact funding models, emphasizing the creation of sustainable financing for public goods.

For more detailed information, you can visit Hypercerts website.

A Hypercert for the Unconference

A Hypercert will be minted for the Unconference, with the impact timeframe left open, representing the open possibilities intended for regen alliances. The Hypercert will be minted allocated to participants and organizers

☎️ We gather here: meet.google.com/tjh-ztrv-wcg