A few weeks ago,
@kentbabin and I took on the task to develop a funding readiness framework for ReFi projects. We believe this framework is essential because, as ReFi grant funding continues to shrink each season, the only hope for many promising projects lies in concentrated funding. Our goal is to create a tool that both projects and funders can use to assess whether a project is truly funding-ready.
We define funding readiness as the stage at which a project is prepared to take the leap toward financial sustainability with the support of external capital. To explore this, we had to confront a core dilemma in ReFi: Impact vs. Profit. Can a ReFi project generate profit while creating impact? Absolutely.
In my latest article for
@CC_ReFi_News, I examine the foundational revenue models being used by ReFi projects that are creating lasting impact in their target areas. My hope is that this piece serves as both a guide and a playbook for ReFi teams working to strengthen their business models, with the highlighted projects serving as case studies for building web3 impact businesses.
👉 Foundational Revenue Models in ReFi:
carboncopy.news/features/ref…
That said, it’s important to recognise that simply having a business model does not automatically mean a project is funding ready. Over the coming weeks, we’ll be sharing empirical insights from our findings on what truly defines funding readiness for ReFi projects.