Inspiration
Sustainable finance – the integration of environmental, social, and governance factors into the investment decision-making process – has been a trending topic in financial markets in recent years as investors’ money flowed into bonds, stocks, and portfolios with an ESG focus. This trend toward allocating capital for ESG assets and goals is a crucial part of the transformation toward a more sustainable economy. Moreover, everyone should understand these concepts to amplify the beneficial effect on society and induce a change in investment habits for retail investors. As a result, sustainable finance literacy – meaning an understanding of sustainable financial products and their use for promoting sustainable development goals – plays a key role in the integration of ESG factors into financial decisions. The first step in achieving sustainable financial literacy is creating awareness. While the financial sector is advancing at great speed towards integrating ESG factors in financial decision-making, teaching sustainable finance lags behind. Teaching sustainable finance courses is therefore essential. However, to create awareness we need more than specialized courses, and here is when ESGROW was born.
What it does
ESGROW is a launchpad platform where users can join to submit their own ESG-related projects. By participating in Impact Investing with the express goal of generating and measuring mission-related social, environmental, or economic change alongside financial returns they can participate in crowdfunding to help them raise funds for their projects through voting, minting NFTs, and raising funds from the NFT marketplace. Capturing an appropriate return is critical to do so, as this will ensure that the fund will be able to carry out the interests of the users by building stronger alliances with frontline communities most greatly impacted by the extractive economy and working towards a just transition toward regenerative finance.
How we built it
We have been building it by using the Solidity, TRON IDE
Challenges we ran into
We have faced two challenges within the building process:
- Idea concept: how to arrange idea concept in alignment with the technology
- Technical issues: code bug and smart contract error.
Accomplishments that we're proud of
As a team, we have been able to achieve and finalize different tasks in a very short period of time, this is due to the harmonized process and the collaboration between the team members.
What we learned
We have learned the value of working in a team as well as this gave all of us the opportunity to learn from each other and to support each other in the learning process. We believe that we still have a lot of things to learn about Web3, Metaverse, and the Blockchain space.
What's next for ESGROW
ESGROW is part of our game, PLEARN which aims at raising the awareness of financial literacy of youth and kids. ESGROW as part of PLEARN will aim at helping people to understand the importance of sustainable finance in making their financial decisions.
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