Reward impact with hypercerts
To solve the challenges we face this century, we need scalable and sustainable financing models for public goods that reward contributors for the positive impact they create.
Hypercerts are a new protocol for funding and rewarding positive impact
Every hypercert is a public claim on a discrete piece of work and impact resulting from that work. Projects can create hypercerts and distribute them to contributors. Funders can own hypercert fractions — and the rights that come with them. Impact evaluators can create value for projects and funders by assessing the quality of hypercerts and offering ratings. Hypercerts create interoperability by serving as a single, open, shared, decentralized database for impact claims and funding mechanisms.
Recurring income for public goods
Retrospective funding rewards projects for the impact they have created. As long as projects create impact, they can create hypercerts for the impact and get retrospective rewards for these. In contrast to today’s grant systems, projects have recurring income streams.
High-potential public goods
Buying hypercerts retrospectively allows funders to increase their funding in relation to the impact created, incentivizing projects to maximize their positive impact. Funders benefit from a large positive impact and incur project risks. Retrospective funding encourages high-risk/high-potential public goods.
De-risking impact-funding
Retrospective funders allocate their funds more effectively as they face less uncertainty about the impact projects had. This is especially important when the impact of public goods doesn't increase linearly. Retrospective funders wouldn’t waste funds by rewarding a project for building half a bridge.
Using the same hypercert primitive, funders and projects create a scalable, interoperable and transparent funding environment for innovative public goods.
Events originated from the communities of Funding the Commons, Schelling Point, and the Sustainable Blockchain Summit and we are grateful to be part of these communities.
November 2, 2022
Hypercert community call #1
October 26, 2022
Funding the Commons @ LabWeek22