Grant ID: 864ec47aj
Summary:
This project supports local communities and groups such as NGOs and local governments by issuing and selling NFTs to develop their towns, for instance, building water tanks and schools.
We aim to resolve the problem of inadequate budgets and human resources faced by local communities worldwide in developing their regions. Our solution involves supporting these communities in planning their development, issuing and selling NFTs, and managing their plans.
We have successfully completed these projects in three countries and are currently working on more upcoming projects.
Problem: Many web3 projects attract users with speculative purposes, and have little positive impact on society. In addition, there are barriers to participation as a user, such as the use of wallets, which prevent the mass population from getting involved.
Solution: Key message: Provide a means of supporting local community problem-solving around the world through an easy-to-use web3 platform.
Brief explanation: Organizations around the world will be able to execute web3 projects without requiring specialized knowledge or preparation. The Open Town platform enables NFT issuance, management, and sales with zero specialized knowledge. Organizations will be responsible for project planning and promotion, enabling them to realize web3 projects.
Impact explanation: This increases opportunities for web3 to have a positive impact on society. Organizations that have already had a positive impact on society are participating in the Open Town platform, enabling them to realize web3 projects. This increases opportunities for web3 to have a positive impact on society.
I have read and agree to the privacy policy:
true
If available, please enter a link to your project below:
Are you applying as a team or individual?:
Team
What type of grant are you pursuing?:
Long-term (continuous)
Please select the category your project best fits into:
Regional Community
Please select who you think will benefit from your project?:
Other
How much funding are you looking for? (USD):
180000
Provide a breakdown of your requested funding:
The total budget for our project is $1,400,000 USD , and we are seeking a grant of $180,000 USD. We plan to have a token sale this year and the budget is our running cost until the sale.
Have you applied for (or already received) funding from somewhere else?:
Yes
If yes, please describe where you’ve received funding from and how much you have, or will, receive:
We have been funded by four venture capital firms, three companies, and three angel investors through stock investments. And The total amount is about 5000,000 USD, including investments before we started Open Town Project. Investment amount for Open Town Project is about 1200,000USD.
What’s your vision for how your project will impact The Graph and/or web3?:
Problem: Many web3 projects attract users with speculative purposes, and have little positive impact on society. In addition, there are barriers to participation as a user, such as the use of wallets, which prevent the mass population from getting involved.
Solution: Key message: Provide a means of supporting local community problem-solving around the world through an easy-to-use web3 platform.
Brief explanation: Organizations around the world will be able to execute web3 projects without requiring specialized knowledge or preparation. The Open Town platform enables NFT issuance, management, and sales with zero specialized knowledge. Organizations will be responsible for project planning and promotion, enabling them to realize web3 projects.
Impact explanation: This increases opportunities for web3 to have a positive impact on society. Organizations that have already had a positive impact on society are participating in the Open Town platform, enabling them to realize web3 projects. This increases opportunities for web3 to have a positive impact on society.
What can you share about any past work that is relevant to this grant?:
So far we have no work that is relevant to this grant.
Can you share any information about current/past web3 experience?:
Our team consists mainly of three types of people with different backgrounds, including experience in web3. Individually, I started my career in cryptocurrency exchange in 2014 and served as COO of a Japanese exchange called BTCBOX. Later, I became a founding member of a new exchange called Coinage, which no longer exists. In February 2022, I started working as a member of the economy and token circulation improvement team for the web3 gaming project PlayMining in Japan. I joined the Open Town team in June 2022.
The other members of our team consist mainly of three types of people: (1) those from international corporations, (2) those with expertise in web3, blockchain, and cryptocurrency, and (3) those with experience in crowdfunding, web2, including community growth.
Why are you interested in contributing to The Graph and/or web3?:
The flow of token economy that began with Bitcoin and the subsequent emergence of Web3 are causing significant changes in this world. Eventually, the token economy and Web3 will become mainstream economic and social systems in which more people participate.
The economic and social systems that will be created from now on will be entirely different, depending on whether this significant change will be led by governments and large corporations or by local communities and individuals living around the world.
I believe that a better economic sphere, where democracy and regional and individual initiatives take center stage, will be created by local communities creating their own economic spheres from their own perspectives. I want to support this movement through Open Town.
Primary Community Poll
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0 voters
Grant Committee Vote
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0 voters
