NBA merch designer turned to blockchain to help end world hunger



When he’s not designing merch for the NBA or supplying espresso for giant retailers, Shawn Kurz is preventing world starvation with the assistance of blockchain expertise. 

Motivated to fix the shortcomings of conventional charity methods, Kurz based FoodChain World (FCG), a company that makes use of a blockchain-based ecosystem to help charitable initiatives concentrating on international starvation. 

Enlisting the assistance of Cody Boyd, a former army methods engineer, to steer a blockchain growth crew, FCG has launched digital asset merchandise akin to FoodChain World token (FOOD) and nonfungible tokens (NFT) and makes use of the income to provide meals to meals banks. 

Kurz advised Cointelegraph that the venture goals to deliver the combat towards international starvation to youthful generations. The crew goals to repeatedly present digital merchandise that talk to Millennials and GenZ who’re glued to the digital world. 

“We have to relate and supply merchandise to future generations to proceed to deal with the worldwide starvation disaster however, on the identical time, make the merchandise partaking and interactive.” 

Associated: Bitcoin set to assist communities — Latinx nonprofit now accepts crypto donations

In keeping with Kurz, lots of the present blockchain tasks, particularly meme cash, have little to no contribution to the actual world. He urges the group to maneuver previous the fluff and “have robust enterprise leaders showcase the nice aspect of the expertise.”

In the intervening time, FCG has launched Polygon-based FOOD tokens, NFTs and crypto merchandise outfitters. The proceeds have been used to provide meals to the Each day Bread Meals Financial institution and Haven on the Queensway.

“Most individuals who donate to charity simply donate and by no means get to see tangible proof of that cash being spent,” mentioned Kurz. Nonetheless, the FCG founder talked about that individuals who buy FOOD tokens can simply monitor the place their cash goes via Polygon’s blockchain explorer.

By going via the publicly accessible transactions on Polyscan, anybody can see the actions of property inside FCG’s ecosystem. With this, folks can monitor the quantity that goes to charity. Kurz mentioned that this permits the general public to carry the corporate accountable. 

In the meantime, crypto charities devoted to varied causes are on the rise. Many blockchain-based tasks have contributed to philanthropic initiatives, elevating hundreds of thousands of {dollars}. Crypto donations platform The Giving Block reported in February that crypto donations multiplied by 16 occasions in 2021.



Source link

Comments are closed.

bitcoin
Bitcoin (BTC) $ 23,391.27
ethereum
Ethereum (ETH) $ 1,832.99
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 306.66
xrp
XRP (XRP) $ 0.379140
cardano
Cardano (ADA) $ 0.536799
binance-usd
Binance USD (BUSD) $ 1.00
solana
Solana (SOL) $ 40.48
dogecoin
Dogecoin (DOGE) $ 0.080553
polkadot
Polkadot (DOT) $ 8.40
shiba-inu
Shiba Inu (SHIB) $ 0.000015
staked-ether
Lido Staked Ether (STETH) $ 1,784.12
avalanche-2
Avalanche (AVAX) $ 25.59
dai
Dai (DAI) $ 1.00
matic-network
Polygon (MATIC) $ 0.885006
tron
TRON (TRX) $ 0.068287
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 23,355.26
ethereum-classic
Ethereum Classic (ETC) $ 40.48
okb
OKB (OKB) $ 20.66
leo-token
LEO Token (LEO) $ 5.29
litecoin
Litecoin (LTC) $ 60.22
ftx-token
FTX (FTT) $ 30.11
near
NEAR Protocol (NEAR) $ 4.98
chainlink
Chainlink (LINK) $ 8.05
crypto-com-chain
Cronos (CRO) $ 0.144047
uniswap
Uniswap (UNI) $ 7.94
cosmos
Cosmos Hub (ATOM) $ 11.74
stellar
Stellar (XLM) $ 0.121483
monero
Monero (XMR) $ 168.63
flow
Flow (FLOW) $ 2.58
bitcoin-cash
Bitcoin Cash (BCH) $ 134.10
algorand
Algorand (ALGO) $ 0.341473
aerarium-fi
Aerarium Fi (AERA) $ 7.12
filecoin
Filecoin (FIL) $ 8.16
vechain
VeChain (VET) $ 0.029300
apecoin
ApeCoin (APE) $ 6.06
internet-computer
Internet Computer (ICP) $ 7.37
chain-2
Chain (XCN) $ 0.083590
decentraland
Decentraland (MANA) $ 0.973695
the-sandbox
The Sandbox (SAND) $ 1.23
tezos
Tezos (XTZ) $ 1.88
hedera-hashgraph
Hedera (HBAR) $ 0.074249
axie-infinity
Axie Infinity (AXS) $ 17.05
eos
EOS (EOS) $ 1.48
quant-network
Quant (QNT) $ 109.53
frax
Frax (FRAX) $ 1.00
aave
Aave (AAVE) $ 100.92
theta-token
Theta Network (THETA) $ 1.40
lido-dao
Lido DAO (LDO) $ 2.47
Shares