Summary
It was an eventful two week (712 – 7/28) for the Grants Program. Below are the key highlights:
- Grant Program member CurioInvest announced their plans to tokenize assets on NEAR during ETHcc. Yessin provides some brief remarks during the event. (link)
- The Grants Program / Funding Platform has completed formulating its OKRs for Q3
- The Grants Program and now an element of the broader Funding Platform
- The Grants Program is partnering with the NEAR India Accelerator to support a subset of the projects with grants
Results
- 6 new grants signed this week for $93K in committed capital
- $19,500 in deployed capital to 3 grants this week
- Cron.cat completed their final milestone. We are already discussing a follow-on grant for additional work the team is doing around NEAR dev tools
- 5 new grant applications
-
Bi-weekly pipeline
- Tech Reviews / Interviews: 7
- Contracting: 8
Challenges & Blockers
- The Grants Program has been absorbed into the broader Funding Platform mandate which increases the scope of initiatives and OKRs
- Continue to improve coordination related to invoicing but remains a point of friction
- Coordinating with NF Operations on a plan to improve. Will be in Zuig next week to work directly with the team to resolve
Action Items
- Spending time in Zuig next week to connect with the FLO (Finance, Legal, Operations) team to work directly around unlocking some friction points
- One-click to sign grant agreements
- Ironclad contract process and innovation tooling
- Connecting w/ Ecosystem Success, Community, and PR teams to develop ideal working protocols