Goanna Tree fund
About.
How we leverage blockchain technology to deliver real world impact.
Driving real world impacts through NFTs, Defi & Web3.0
The project started with a simple mission. 1 tree planted for each NFT created. Today we have established Algorand’s first dedicated impact fund and planted over 200,000 trees across five continents.
Inspired by Algorand’s carbon negative approach, the fund originally began with a simple mission of planting one tree for each NFT minted by the Goanna NFT project. Within just three months the project had funded the planting of over 40,000 trees.
In December ‘21 the Goanna NFT project partnered with the AK Foundation to formally craete the Goanna Tree Fund. Today the initiative has funded the planting of over 200,000 trees acorss five continents and holds a treasury of digital assets worth 650,800A.
The Goanna Tree Planting Fund is Algorand’s first dedicated impact fund. The capital that is raised via donations and community initiatives is invested through various DeFi protocols and governance programs. The generated yield is then used to support conservation efforts and tree planting projects around the globe. This innovative approach allows the fund to be truly sustainable both in terms of the projects it supports and also its own longevity. Through our network of tree planting organizations we have supported projects around the world and contributed to tree planting efforts in Australia, Africa, Northern Europe, North America and South America.
Our short term goal is for The Tree Fund to plant over 1M trees in the next twelve months.
Raise
We raise capital via traditional fund raising methods as well as leveraging the potential of web3.0 communities.
Yield
The capital is invested into low risk Algorand defi protocols and governance.
Plant
The generated yield is then used to directly fund the planting of trees.
Community led governance
In early ‘22 we ran an artist search across the Algorand ecosystem to unearth emerging talent. The winner of the artist search, Edsontoast received a grant to work with Al Goanna founder, Benji Wyeth, to develop The Fund’s first dedicated NFT series, Forest Folk.
The collection was released in July ‘22 and sold out within minutes. Owners of Forest Folk NFTs become governors of The Fund and are able to play an active role in key decision making. This is part of a longer term strategy that would see The Fund evolve into a fully decentralized autonomous organization (DAO).
Volunteer led
The tree fund is volunteer run
The tree fund is volunteer run and 100% of the funds will be used to create impact (plant trees, sequester carbon, support farmers and local economy, help habitat, prevent landslides). All expenses have been absorbed by the founding partners and there are no management fees associated with the Fund.
The Gilbert Goanna Tree Planting Fund is administered by AK Foundation Inc , a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code; Tax identification number 83-1146676.
100%
100% of funds used to drive impact
ZERO
Expenses or management fees
100%
100% of funds used to drive impact
Zero
Expenses or managment fees
Kavitha Palani
Founding Partner
Kavitha is a Co-Founder and Managing Partner in 11-11 Ventures and 11-11 Investments, which has invested in 50+ companies across Web 2 and Web 3. Before 11-11 Ventures, she was a cofounder and President of Enrich, a global leader in Oracle Procurement SaaS. Enrich is now a Data Intensity Company owned by a private equity firm.
Benji Wyeth
Founding Partner
Ben is the founder of the Goanna NFT project, Algorand’s highest grossing NFT collection. The project’s mission is to to build the most empowered and engaged community on Algorand. In ‘22 he doubled down on his commitment to Algorand NFTs launching Shufl.app a community focused NFT marketplace dedicated to empowering creators and communities.
Karan Rajpal
Associate
Karan serves as the problem solver of 11-11 Investments. He assists in streamlining day-to-day operations while playing a significant role in identifying the best investment opportunities in the Web3 space. His background in tech and sell-side trading allows his unique perspectives to understand the risk and workings of new-age Web3 Dapps.
Support us
Get involved
We have a number of innovative ways that allow both individuals and institutions to support The Fund.
