Yes, without co-funding locked in, I understand that a budget of 100K+ is unfeasible.
Iām hopeful that an initial commitment enables this round to take place, which can then attract past funders of the Zuzalu round in February 2024 to also participate. The first funder is always the hardest!
Some other considerations:
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100K to popups will be enough to validate the Impact Quantifier allocation method we are proposing & also get robust documentation from popups around impact created since their last funding round on Gitcoin.
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The Hypercerts that popups create in this round will carry over to GG25. So if we can show the legitimacy of the method in GG24, we can attract co-funding in the next cycle or even apply the same Quantifier to other domains.
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Even if the funding amount is deemed too low for all popups to participate in this round, that will make available a greater amount for popups that do participate.
So I think the amount you propose is a good start!