 The other folks, in addition to the mentors that you guys got us connected to, was huge for us. Coming from a small country and getting that visibility and that access to resource was very, very important for us. And for the twofold, the second piece, in addition to the technical assistance, was also the mentorship on, you know, the business model and how we can make a greater, a stronger business model for us to sustain. And then, again, back to the impact metrics, because we're also a company really focused on impact. And the impact mentorship was also very key for us to really understand, like, how do we position ourselves and how do we look at the impact metrics and how could we try to find, follow an impact investment. So I think that was very, very helpful for us. And, you know, the open source piece in the Digital Public Good Lake, we were very new to that process. And the UNICEF team literally held our hands to walk us through that path. And now we're a proud registered DPG solution. So that has also been very, very amazing for us. Thank you. Great. Yeah, like, there's a lot of mentorship that goes on. I hope that there's also, like, support as well. You know, the mentorship is almost like the technical, you know, guidance, I suppose. But I hope that there's some support, because I want to kind of pivot over to my next question for Amiya, which is really about some of the challenges that you face. And like, so you get technical mentorship, but tell us a little bit about some of the challenges that you faced as you tried to, you know, bring about this product for impact in the real world. So there was a lot of challenges, because especially when you connect the smart contracts to the real world is a totally different story. If you're building, I don't know, decentralized exchange or something like that. It's like in a closed loop, you're still in Ethereum. You're just communicating with other smart contracts, even I don't know if it's a landing protocol exchange or whatever. Usually the data is like that you need for those smart contracts on the blockchain. But when you're building something like Treasurer, you're connecting with, you're interacting with, the smart contract is interacting with real humans, like they need to provide data. So one side is the technical limitations and some of the shortcomings of the blockchain technology that we have, like civil attacks, like many things that, I mean, the problem of oracles these things exist and for many of them, there is no big solution so far even right now. So that was one side of the challenges that we had. The other side was actually like the challenges that, you know, are there when you want to introduce a high-tech solution to a community that didn't know about it, local communities in rural areas, and they don't need to know about it. You shouldn't force them to know about like blockchain. And it's even better not to mention that they're using blockchain because it makes it complicated, so many new questions. So what we tried to do on this side was to make it so easy for them to use the project. So just to have a recap of the project, we connect donors to local communities who do conservation work, protect forests. The protocol gives a proof of impact in the form of an NFT to the donor. And on the other side, the money goes to the protocol and is managed in a similar way to the NASCAR system whenever they provide updates from the forest, from the trees, a portion of the money is unliked and goes to the non-custodial valid wherever they are. And that's how Tuija protocol works. The version one of the protocol, of course, we are doing a lot of more things. So to do this, I mean, to get the rewards for conservation, I mean, we try to make it a similar experience to their web-to-experience like having a WhatsApp, Instagram application on their mobile. So we built an application which has integrated some seed phrase-less valid, non-custodial valid, they don't have seed phrases, they don't need to know about the complex nature of valid in blockchain. So they use their email. But it's non-custodial. We use web-to-experience for that. At the same time, we sponsor all their transactions on the supply side for local communities. We use stable coins instead of volatile assets like Ethereum and Bitcoin. So they get their conservation rewards in DAI. And many, many other works, like many of them I forget, but this was actually one of the most challenging parts of our job to make it. Because it's actually important, one of the things that we learned is that some of our early local communities that were using a buggy and both complicated profile left the movement, the project, because it was too complicated for them. And the more we tried to make it better for them, user-friendly, the easier it was for them to stay in the project. And of course with UNICEF, we got a lot of mentorship, like referring to the impact mentorship. In the case of TREASURE, it's not only about planting trees, because we onboard the local communities who are less privileged, who have less access to actually the typical opportunities in climate finance. So it's about social impact as well. That's why we actually have that kind of social impact in the project as well, and the impact mentorships helped us quantify, measure those impacts, so we learned what we were doing in a better way. And of course the open source, this is one of the best things that you can get out of this investment, because you think you're open source, but you are not like an open source-friendly project. So lots of documentation, contribution guidelines, many, many things. I think it was awesome, that part. Now we feel confident about being a good open source project, even if the project fails, the resources, everything are there in a good way for the future builders to use. Yeah, that's it. Great. Lots of challenges. Congratulations on getting through all those challenges, and really thanks very much for putting out such an amazing product of benefit for everyone with the conservation that it supports. That kind of like something that benefits people all around the world, even if it's done in local communities makes me think of equity, which is one of the key lenses that UNICEF is an equity-based organization. Everything we think about, we use equity as a kind of a lens for that. And one of the ways that we think about digital products and how we make them equitable is digital public goods, which is my next question for you, Jose. First of all, sorry, I should say congratulations to each of you for becoming a certified digital public good, which is very impressive and challenging to get done. But Jose, would you tell us a little bit about XCAPITS and your journey to becoming a certified DPG? How did UNICEF support you in that process? I know it's somewhat through the mentorship, but what kind of benefit then, like after you talk a little bit about the process, what benefit do you see? And I know, or me, I mentioned a little bit some of the benefits of DPGs. What benefits do you see from your perspective and even talk a little bit about maybe being a for-profit business with an open digital public goods? Okay, that's the whole question. So I will try to wrap up everything, or I will try not to forget part of it. But the starting point was thinking about building a digital public good that could achieve the sustainable goals from UN. So from starting point, I think that having on board all of the support of UNICEF Innovation Fund had to do, first of all, about thinking on the impact, thinking about the resources, thinking about leaving something that could be scalable, that could be secure, that could be useful for some other products so as to use. So first of all, I would say that becoming an open source project has to do with developing a layer in which other people could build. So from that starting point, UNICEF was amazing. And having the impact in the main objectives of building a digital product has to do with, first of all, measuring it. Theory of change was one of the mentorships and it's amazing how you could measure your impact on a region. And actually, that's a profitable digital public good, a company that could create lasting and social economic impact. And coming from Latin America, that's a huge depth of the region. So for us, it was easy to have that purpose but still difficult or challenging to build it in a way that could be useful for everybody. So at last but not least, I think that every project should be sustainable and should be profitable in terms of creating value. And creating value has much to do not only with revenue or incomes but having these things in mind. If you could align your project so as to build it with values and having in front people that have needs and if you could fulfill those needs through technological solution, that's great. And just to mention some objectives of digital public good. We have no poverty, gender equality, quality education, no poverty. Those are like huge north stars to have and an invitation that should be done on every entrepreneur that is building their venture. It's to continue tackling those objectives. It's a huge rock that we need to defeat. It's not one or two companies who will make it come true. And this has to do with Web 3.2. With Web 3, it's a matter of community. And this is so loud voice in an ecosystem as Web 3 that first of all makes me proud to be part of it, makes me want to collaborate with other projects that are tackling the same problems and joining forces. I'm sure about that. It will be more fulfillable than going just by my own. So just in a rough sense of this, I think that that's what left us to become a digital public good. It's great. And I like that you brought out the aspect of community as well, seen as we're here at DevCon. And there's a very strong kind of feeling of community around the technology, but also the problems that some people are looking to solve. And for us as UNICEF and for me, it's exciting and it's inspiring and energizing to get that feel of community and hopefully being able to get people to come and join us in our journey and in our work. But yeah, that's great. Thank you very much. I think we'll maybe try and talk a little bit about... So we talked about the DPG process, the process of joining the venture fund, your journey with the venture fund. I'd like to talk a little bit more about real world now. It was part of the title. So taking... You've gone through, you've joined the venture fund, you've accepted, you've gone through, mentored. Now maybe I'll ask Rumi to tell us a little bit about the opportunity for piloting the actual product that you've gained with UNICEF. Can you tell us a little bit about the real application now that we've gone through the process? So we are currently in the midst of piloting our solution Rahat with the UNICEF country office in Nepal. We are working on with 1,500 households for an unconditional cash transfer of about, I think, $150,000 through the country office and the innovation fund. And with that pilot, we are really looking at building or bringing in or bringing in some learning insights about the impact of how a blockchain powered solution can bring in efficiencies in the cash transfer project. So how, for example, real-time monitoring could help the country office understand or understand how the cash is being transferred, understand the flow of funds and get verifiable transactions. So we're really looking at working not just with the country office, but alongside with the local authorities and the government bodies there. So we're bringing them along for this particular pilot and getting them on boarded or getting them to understand the process and really, as Ermia had said, really not talking to them about what blockchain technology is, but really getting them and showing them the benefit of how they can use a system like this and get aid to the ones who need it the most efficiently, like cost effectively. And in a very, I think, like an auditable way because with all of the financial reconciliation that happens in these aspects, that's a huge time and resource suck. So we're looking at how the time and resources can be saved through this particular pilot. And we're trying to see if we can take all of the learnings from this particular pilot and replicate it, hopefully replicate it in other country offices and globally. So taking Rahat from a local, almost like a local product from Nepal to sort of see how we can globally amplify it. So that's kind of where we're at with the pilot currently. And just as an example right now, we're sort of bringing training the local government bodies and how they can use the dashboard, look at some real-time information on how the transactions are coming through and how the data is coming through and sort of see if they can detect anomalies and escalate it immediately and act upon it. So giving them or showing them the value of what some information like that could support them to make a greater impact. Great, thank you. I'm actually really excited, as you know, I'm very excited about this pilot. I wonder, can you have a little reflection on so you mentioned, you know, aside from your own company, you mentioned two other entities, you mentioned three actually, you mentioned UNICEF country office, you mentioned the government, and of course the beneficiaries. Can you maybe just speak a little bit about how the Innovation Fund facilitated with the UNICEF country office the engagement with the government because that can be difficult if you don't have that like evidence as yet. Right, in Nepal, all of the cash transfer that we do, like we usually have to work with the government, so there's definitely the piece of onboarding them for them to understand and be open to it. So again, because crypto is illegal getting that or making them to understand the difference and that was definitely a little bit of a hurdle, but with the right concept and the right understanding with the Innovation Fund and the country office, we were able to have a number of conversations with the local government. And, you know, in such real world cases at times, we're talking about emerging tech and, you know, blockchain, and then here you are where everything is like paper-based and, you know, and the beneficiaries, they don't even have, like they only have feature phones or they don't even have phones, so just making that leapfrogging to that is very difficult and then getting even the local government to say, okay, this is a dashboard or you can get in, you can see all of the information. So that definitely is a challenge, but we are having these conversations to bringing them along one at a time and the country office is definitely playing a huge role as being part of and joining us in the field as we have these conversations with the local government bodies and with the beneficiaries and really looking at some issues that are on the field where, you know, where the beneficiaries, there's a struggle between, okay, who's going to get the cash and they're like real world problems beyond the monitoring piece as well. Great, thank you. That's great. I actually love to talk more about this particular topic and I really, one thing I want to point out, like cash-based transfers is a huge programmatic tool to basically get funds, get currency, get money directly to the beneficiaries, which is, I've seen it in action and it's really hugely effective, efficient and important and we heard someone speak a little bit about subtraction yesterday in the opening ceremonies and I feel, I would love to speak more about it, but I feel that cash-based transfers and using technologies to really speed them up and facilitate them kind of speaks to that subtraction. So thank you very much and thanks for the great work that you're doing. We have a few minutes left. What I'd really like to do now actually, or me if I can ask you to be the first one, if you could take a couple of minutes to think about what kind of advice you would give to someone out here who's maybe in a startup situation and wants to become working in the impact area or even if you were talking to yourself, you know, 18 months in the past or two years in the past, what kind of advice would you like to give to yourself or to our audience? So I would say that one of the most important things that impact projects or impact founders like us need to consider or the challenges that they face is the funding. So you are not a typical startup that probably can make money from the early days or even if you can make money, your attractions probably are not very similar to some of the startups that we see are very interested in investing. So you have this problem. I mean, now it's easier because ReFi has become a trend in crypto and VCs are understanding it but unfortunately you are now in a beer market so you will have hard time to raise some money compared to, I don't know, one or two years ago. So you have a number of options. Based on our experience and the best practices that we had in Treasurer, so UNICEF is of course one of the places that you can go if you have a crazy impact idea and you think probably... I mean, a crazy impact idea but not very unrealistic. You think it works and you have some small pilots because if you are in the process of application, UNICEF doesn't accept only the ideas like there should be some metrics, some tractions that proves that this idea, even if now it doesn't... I mean, and it's not a charity. I mean, you need to make a sustainable project so all these together makes it challenging to actually get funding. So UNICEF is one place. The other place that you have is Gitscoin which you can consider. We raised, I would say, almost equal to the... I mean, similar to the amount that we raised from UNICEF, from Gitscoin, I think at $5,000 or $90,000 in different rounds, in climate rounds. And there are also, of course, the product, your product should make money and if you want to make it sustainable that's really important. So all in all, these helped us to keep treasure aligned to our vision and now we feel much more comfortable to raise money from other VCs and we are doing it now and that's what I think about the challenges and things that you can do. Great, thank you. Okay, Jose, from your experienced position now, what advice would you like to impart on early-stage startups wanting to get in to kind of follow the great example that you guys have given? I would say impact should be in the roadmap as the essential path. I would say that... And I will just share a small myth that I had before we were selected and it was kind of the spirit of the program and we were like working with the work plan, with the plan that we were going to present for the UNICEF Innovation Fund and it was like too ambitious and we were asked if we wanted to change that in order to be fulfilled, so as to achieve it and our spirit was let's make the ambitious possible and that had to do with the spirit of what kept us not sleeping, what kept us working through the whole journey. What I mean to say, it's great to have huge objectives in mind, a huge purpose, not only could help in your region, it starts by helping you and your team. We never had such an amazing team, such an aligned team since we didn't have that purpose so clear so focus on reaching that. So I strongly recommend, if that's possible, for the ones who are trying to follow that path of impact and becoming a start-up that could create some change in your region. Have a great dream, afterwards have a great purpose, share it with valuable people and count on the support of like UNICEF in this case that will make this harder at first because it's challenging, but afterwards it's start paying and will continue to pay time after time. Great, that sounds like good advice. Rumi, you give me your advice in one minute. I just wanted to get done. I just took Hose's point about they make it harder in the beginning because when we applied and we had to do this full-fledged work plan and as soon as I submitted, I just looked back at my team and I was like, I don't know if we're getting this investment but I think we're set. We have a whole roadmap and a plan and a purpose and a focus all set so I think that is key to have that process in tight and a thing I completely agree with Hose about that can really set the stage and how the team work and the team is set to do that as well. So I think that's definitely, definitely very, very helpful. I think the one last thing that I would add is I felt like for us the non-tech challenges have also been very, very high and I think it's very important to design for, you know, like non-utopian conditions. So we are looking at the real-world problems and not just working in a bubble so I think that's very, very important. So I'll posit that. Perfect. Thank you very much. Guys, can I ask you for a round of applause for our three great companies? And thank you so much for the great work. Now, how can you guys, how can you join us? All the impact startups are out there. I hope you've been inspired by hearing the great work from our three panelists here. Please, if you are in the same position that these guys were 18 months, two years ago, please, if you have something that you think can help, apply to the UNICEF Venture Fund and you will be brought through that difficult but rewarding journey. We're also looking for people to partner with us and you could also, if you have spare time, spare expertise, you could join the mentoring process that we have for the next round of Venture Fund companies and finally, the last 15 seconds, I'll say if you have a little bit of spare ETH or some spare money, you can certainly contribute to our fund as well and you can be guaranteed that it will go towards impactful projects like what we have up here on stage. I have two seconds left, so thank you very much everybody. I hope you've enjoyed the panel. If you have any questions for us, please come up and be happy to speak to you outside or later. Thank you.