Project Ark is creating a natural capital endowment fund that will help conservation efforts and climate change solutions to benefit from funding on a continuous basis. In the Web3 space, many projects have emerged using NFT proceeds — ranging from 5% to 10% or more for dedicated projects — to donate to impact projects or charities. This results in money only being given once a sale occurs, requiring substantial marketing and sales efforts and making the final impact effort unsustainable. We want to formulate a novel solution to impact financing, creating the concept of “impact validators”.
We’ve chosen Solana as the environment to test and launch this concept. Solana is a blockchain-powered ecosystem which achieves protocol consensus and rapid transaction throughput with a mechanism called Proof of History (PoH), a methodology Solana employs in conjunction with the more widely-used Proof of Stake (PoS) infrastructure.
Staking is the process of locking tokens into a protocol to help secure the network and validate transactions for a reward in the form of yield in the original token as a percentage of the staked amount.
A natural capital endowment will be generated by the sales of NFTs as well as people staking their Solana tokens, where fees are lowered to a bare minimum and the staked SOL is split between the SOL owner and the organization that is supported through the fund.
The results will be two-fold: this model grants funds on a continuous basis to conservation efforts that protect life under water and life on land. It also provides the necessary tools to help decentralize the Solana network.
Stages of Development:
Stage 1: Natural capital endowment started from proceeds from the NFT sales. Staking rewards paid out on a continuous basis.
Stage 2: The creation of a natural capital endowment validator; used as a separate validator, which will contribute to the decentralization of the Solana network.
Stage 3: Stake pools
Stage 4: Stake pool DAO
Stake pools and stake pool DAOs will be considered as this project progresses and we flesh out the roadmap.
Project Ark will be a leader in the impact space, working with NGOs to ensure a transparent process both from a financing perspective as well as from an impact and implementation perspective. This closes the loop in the “supply chain for doing good”. In this way, people that are participating will be able to see how money is being used, see the results on the ground, and follow the creation of multiple models based on the proof of concept’s results.