LOOMPACT is an open platform that allows organizations to record and communicate their positive social and ecological outcomes as blockchain-based impact credits. These credits can be offered to diverse target audiences, enabling buyers to track the origin and verify the credibility of the purchased impact outcomes.
Funding
Funding not disclosed
Founders
Product
Problem
Organizations often struggle to effectively record, communicate, and monetize their positive social and ecological outcomes due to a lack of standardized and transparent methods. Traditional approaches lack traceability and verification, hindering trust and investment in impact initiatives.
Solution
LOOMPACT provides a platform for organizations to record and communicate their social and ecological outcomes as blockchain-based impact credits (NFTs). The platform enables organizations to plan, report, and audit their impact data, ensuring transparency and credibility. These credits can be offered to diverse target audiences, allowing buyers to track the origin and verify the credibility of the purchased impact outcomes. By using NFTs, LOOMPACT ensures immutable records, publicly researchable transactions, and easy digital handling of impact credits, fostering trust and enabling new revenue streams for organizations creating positive change.
Target Audience
LOOMPACT targets for-profit and non-profit organizations seeking to monetize their positive social and ecological impact, as well as corporations and individuals looking to offset their environmental footprint and support impactful projects.
Features
- Impact assessment and reporting platform aligned with the Sustainable Development Goals (SDGs) and IRIS+ standards
- NFT-based impact credits representing verified social and ecological outcomes
- External audit and certification of impact models and reports using the Impact Model Verification Standard (IMVS)
- End-to-end traceability of impact credits, providing transparency on origin, certification, and outcomes
- Support for various eco/social outcomes, including CO2 reduction, plastic waste removal, biodiversity, education, and gender equality
- Integration with the Solana blockchain for immutability, transparency, and tradability of impact credits
- Easy-to-use marketplace for buying and selling impact credits with credit card payments
- Consulting services for organizations to develop solid impact models and reporting frameworks