# Impact Markets (#Gitcoin Grants 19)

## TL;DR

Impact markets tokenize impact activities and supply autnomous markets to incentivize positive actions with rewards.

影響力市場代幣化具有影響力的活動，並提供自主市場機制激勵社群正向行為。

## English

Every year, Eagle Street Rooftop Farm (https://rooftopfarms.org/) in Brooklyn, New York offers ~10 seasonal volunteering opportunities to grow plants and host harvest events to learn more about urban and rooftop farming. The farm also sells products like hot sauce and flower bouquets.

Annie, the organizer, puts up a list of opportunities and a calendar of events for the 2023 growing season and accepts applications from local residents. Without Web3 tools, Annie sets up a website to describe the opportunity and Google form to accept application. Interested volunteers email Annie for questions and show up at start of season. At the start of the season, Annie hosts a series of educational workshops to share more about the rooftop garden, tools to use, what to grow for the season, and assigns volunteers to daily tasks required for the season. Volunteers show up at their assigned days, care for the farm, and comment/reflect on work done via pen and paper. Throughout the growing season, Annie also hosts hot sauce making sessions and tree walks around the city. Annie dedicates her work to promote environmental awareness and ensures that the program runs on-time and well.

Sometimes work by Annie and volunteers is captured (i.e., making of hot sauce), and it can be exchanged for value. Other times it is not captured or made tangible. When it is not, it is more difficult to exchange for value.

So consider an alternative workflow enabled by Web3 tools to capture these values. Annie mints an exhaustive list of daily tasks and events for the 2023 growing season as an NFT on Mirror, creates a Twitter/Telegram to accept inquiries and applications. Accepted volunteers show up at the farm for educational workshops, carry out the daily tasks, and journal work done and happenings on Mirror to raise awareness for the rooftop farm. The team also document harvest results and money raised from farm tours and selling products.

Annie still has to promote her farm, share her wisdom, and champion all of the community events, but her knowledge and her own unique way of educating volunteers on rooftop farming is now a digital asset that she may sell to anyone in the world. The volunteers too, through Mirror, transmuted their time and effort into digital assets from working the farm. As season progresses, more rooftop farming data and reflections accumulate onchain and seasonal data for the farm emerges. Annie has exchanged her knowledge for volunteers' time and effort, and vice versa, for a successful season that benefit the community around it.

These NFTs represent assets that the farming team owned and exchanged throughout the 2023 season. The work is now captured and recorded, and it needs to be valued for exchange. However, without a mutually agreed upon price discovery mechanism, transaction costs involved in exchanging any asset is high and the likelihood to commit to an exchange is low.

Impact Markets is an approach to coordinate and capture activity assets in tokens, build autonomous markets around these tokens, and enable community governance around the assets. It is a collection of smart contracts designed to facilitate community coordination for service delivery and community building.

Practically, Impact Markets:

- open sources impact activities
- observes and validates impact commitments via physical touchpoints
- transforms commitments into tradable assets
- enables trading of commitments in autonomous markets
- funnels trading fees to ImpactDAOs and manages 50/50 governance between impact producer and their patrons

### Experimenting with Impact Markets

You may find the first iteration of Impact Markets at https://arm0ry.g0v.tw/playground.

If you are a local community and is interested in trying out Impact Markets, please reach out.

## 繁體中文

紐約布魯克林的鷹街屋頂農場（Eagle Street Rooftop Farm）每年提供大約10次季節性志工機會，讓參與者有機會種植植物並主辦收成活動，以深入瞭解都市與屋頂農耕。農場同時銷售像是辣椒醬和花束等產品。

創辦人安妮列出了2023年種植季的志工機會與活動行事曆，並開放給當地居民報名。她沒有使用Web3工具，而是建立了一個網站來描述這次的機會，以及一個Google表單來接收申請。有興趣的志工透過電子郵件向安妮提問，並於季節開始時到場幫忙。

在季節開始時，安妮舉辦一系列教育工作坊，分享更多關於屋頂花園、使用工具、季節應種什麼植物的知識，並將志工分配到季節所需的每日任務。志工依照分配的日子到場照顧農場，並透過紙筆記錄完成的工作。在整個種植季節，安妮也會安排辣椒醬製作課程和認識都市樹木等活動。安妮致力於推廣環境意識，並確保該季節能夠按時並順利運作。

有時安妮和志工的工作會被捕捉下來（例如製作辣椒醬），這樣的工作可以轉換為價值。但其他時候，這些價值並沒有被捕捉或具體化。當價值無法具體化時，就更難轉換為價值。

換個角度，讓我們想像一個由Web3工具啟用的替代工作流程以捕捉這些價值。安妮在Mirror上鑄造一份完整的2023年種植季每日任務和活動清單，作為一種NFT，並創建了Twitter/Telegram用以接受詢問和申請。被接受的志工出現在農場進行教育工作坊，完成每日任務，並在Mirror上記錄完成的工作和發生的事情，以提升對屋頂農場的認知。團隊同時記錄收成結果以及來自農場旅遊和銷售產品的收入。

安妮仍然需要推廣她的農場、分享她的智慧，並領導所有社區活動，但她的知識和獨特的屋頂農耕教育方式現在已經成為她可以銷售給全世界任何人的數位資產。志工們也通過Mirror，將他們在農場耗費的時間和努力轉化為數位資產。隨著季節的進展，更多的屋頂農耕數據和反思在區塊鏈上累積，農場的季節性數據也開始浮現。安妮用她的知識交換了志工的時間和努力，反之亦然，換來了一個惠及周圍社區的成功季節。

這些NFT代表農耕團隊在2023季節中擁有和交換的資產。工作現在已經被捕捉並記錄下來，並需要被評估以便交換。然而，在一個沒有價格機制的情況下，要交換任何資產所涉及的交易成本相對是高的，而且進行交換的可能性是低的。

影響力市場（Impact Markets）是一種捕捉活動資產，並為資產建立自主市場的場域。

具體上來說，影響力市場：

- 開源影響力活動。
- 透過實體接觸點觀察並驗證影響力承諾。
- 將承諾轉化為可交易的資產。
- 允許在自主市場交易承諾。
- 將交易費用導入ImpactDAOs，並管理影響力生產者與其贊助人之間的50/50治理。

### 探索影響力市場

前往 https://arm0ry.g0v.tw/playground ～