For the ReFi project database to become a true public good, it needs to be owned and managed by the community.  We envision an approach where projects in the DB can "claim" their profile by minting an NFT and paying a "skin in the game" fee. All revenue would go directly to the community treasury (minus a small percentage to CARBON Copy for prior work done). NFT holders will get governance rights and will be the ultimate decision-makers regarding the future of the DB and how the treasury is utilized. We will also open-source the code-base and transfer ownership to the community.

We think Celo is the ideal ecosystem for this. It's support for public goods and regenerative impact is a great example for other blockchain ecosystems to emulate. Its philosophy also aligns closely with our own: creating the conditions for prosperity.

Such an undertaking requires a multi-phased process. We would likely start with an ownership verification process and NFT mint that establishes the foundation of community ownership and treasury. Phase 2 would see integration between the NFTs and the ReFi project database, allowing NFT holders to update their project profile. In Phase 3, we would open-source the code base, transfer ownership to the community, and have the community start making decisions around the database (including paying bounties for updates). Phase 4 would be the complete separation from CARBON Copy.

This process will probably take a year to complete, so we are looking to raise the funds to complete Phase 1 over the next 3 months. 

The contribution to the Celo ecosystem are centered on increasing wallet growth and transaction activity. The scale will be small to begin with, but as the database becomes an increasingly important to ReFi project reputation, we see the potential for growth in terms of NFT mints and bounty activity. 