Shingo

Shingō app capitalizes on the human tendency to use social media to show the problems in our world. The flow of the Shingō user then becomes one that turns gamified social interactions into real, tangible change in the world.

To begin: a user posts a picture and explains what they see and want to change in the world. Then, an impact-maker responds showing the change they have created, and listing all the volunteers who helped make it happen.

At the time that a project is posted, NFT sales can happen. We can imagine a big NGO funder or interested party hosting a month-long program, for example: "Clean-up our public spaces!" Let's say that Carlos' team cleans up their local beaches, and removes 400kg from the waters around their town. Wow! Everyone who has been to this beautiful beach is excited to see their work, and more and more people buy the NFT to show the amazing impact that was had.

Behind the scenes, the volunteers who cleaned up the beach are awarded based on the NFT holdings. They also are issued hypercerts at the same time. We'll go back to this piece later! For the first program, they receive a pay-out based on community excitement for their project, and showing the appreciation for the solution. The person who posted the call-to-action gets to see change being made in the real world!

The foundational innovation of Shingō is that this is only the beginning of the funding process. Let's say it's a year later, and an ecological climate NGO wants to review projects who have had the most impact on Central America. Looking at the metrics of trash which has been pulled out of the ocean by Carlos' team, experts from the NGO are able to attest to the lasting impact this has had in protecting an endangered species of sea turtle. Now the experts attest to the impact - and the community votes using quadratic voting to indicate their excitement. Amazing! With all this new attestation showing the true impact of Carlos' project - his team gets paid out by the hypercert automatically to reward them for their work.

This solves many problems in the funding space, namely: how can the impact makers be distinguished for their true effects over time? How can we encourage the highest impact projects and celebrate their progress in a renewable and sustainable way? Shingō also includes gamified features and social network functionality that keeps community members coming back, and shows badges when they are deemed "experts" fit to help judge the true impact of a public goods project. These in-app systems mean that the most addictive parts of social networks are now used for good to fund public goods in a sustainable way over time.

We hope you'll try out Shingō for yourself soon! We know users will love seeing change in the world and we expect the network to grow exponentially - just like the impact of public goods <3

Shingō is built on top of Lens Protocol for social networks and Superfluid asset streaming protocol. For hosting, IPFS has been employed.

The core functionality of the social network allows someone to post a problem using Lens protocol for the post, and then a project to reply showing that they impacted change. Behind the scenes, an NFT is minted which is sold to the community who is excited about the solution created. These NFT sales ensure that the volunteers and makers of the public good get paid according to a fixed % over time.

The rewards don't just stop at the first NFT sale, though. Hypercerts are used to set-up sustainable, ongoing rewards for the volunteers and makers of public goods. Right now, these reward rates can be set by the team who launches the public goods funding, and then these kick-backs execute on Polygon chain as experts and community members signal which projects make the most impact over time. Any project or volunteer who claims money when an NFT is bought also receives their rewards on Polygon network.

The importance of Shingō's innovation is that rewards can continuously be redistributed as the true impact increases and experts and the community attest to the impact that has shown up in the world as a consequence of the project. These "rounds" of impact assessment can be opened periodically to add value to the project and signal high impact. We plan to use Gitcoin's Allo Protocol to allocate funds during these rounds, as a mixture of expert attestation and democratic quadratic voting.

We deployed on goerli & mumbai testnet to demonstrate the functionality. Since Hypercerts exist on Optimism and Lens network on Polygon chain, we seamlessly created a switch between the two networks to improve the UX without sacrificing functionality.

We are excited to have the technology available to fund public goods in a gamified, and optimal way that rewards the biggest impact makers over time.