Too Long; Didn’t Read
Hypercerts, emerging from Protocol Labs’ research, represent a groundbreaking integration of web3 technology and impact certification. As semi-fungible tokens built on the ERC-1155 standard, hypercerts capture, define, and display impact on a decentralized ledger, aiming to enhance transparency and subsequently drive funding towards tangible impact. Their structure enables detailed representation of the scope of work, contributors, and achieved impact. A prime application is seen in the realm of carbon credits, where hypercerts could potentially address long-standing issues such as lack of standardization, low trust, and fragmented marketplaces. By ensuring rigorous evaluations and creating a connection between funding and actual, measurable impact, hypercerts aspire to reshape how we understand and fund impactful projects.
