English
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek
The joint NFT will finance the construction of affordable housing and decentralized internet in Africa.
Empowa, a project providing decentralized, affordable home loans for the financially excluded, has partnered with World Mobile, the world’s first blockchain-based mobile network based on the sharing economy.
This collaboration aims to deliver life-changing solutions to underbanked and unconnected regions in the world by providing access to affordable housing and reliable Internet connectivity.
/Related
MORE ARTICLES
Vulcan Blockchain’s Auto-rebasing Layer 1 Set for Release Q1 2023
Bitget Introduces MegaSwap for a Re-invented DeFi Experience
LBank CEO Allen Wei Addresses Cloud Service Provider FUD
YES WORLD Reaches a Milestone of 100K Token Holders
Santa Browser Launch to Bring Next 200M Users Onto Web3.0
LBank Welcomes Nigeria’s Push to Recognize Crypto as Investment Capital
Empowa is raising funds to invest in the construction of homes in the port city of Beira, Mozambique. These homes will provide the backbone and market upon which the World Mobile team and local entrepreneurs can work together to install AirNodes and provide reliable and affordable Internet connectivity to the mass market.
World Mobile and Empowa are both cutting-edge projects building on the Cardano blockchain, were first introduced as members of the Blockchain4Good collective, and have a shared mission of building financially sustainable businesses to make a social impact using Web 3.0 technology.
Mozambique’s population is over 30 million people, but there are only 600 mortgages in the country. Empowa is utilizing NFTs in a unique way to overcome this constraint.
The funds raised through this RealFi NFT are invested to address the systematic failures of the financial sector and provide affordable lease-to-own home loans for the financially excluded. These environmentally sustainable homes are not only affordable but also cyclone resistant.
Currently, nearly 80 percent of Beira homes are at risk due to such disasters because they are self-built,
with poor quality materials and improper building techniques.
“This RealFi NFT allows impact investors to be rewarded while fundamentally changing the lives of others. Many of us have the privilege of a stable roof over our heads and constant access to the Internet. This is not the reality for most of the world, particularly in Africa. Investing in this change presents an amazing opportunity to do well while doing good.”
– Glen Jordan, Empowa CEO, and Co-Founder.
“We are delighted to be partnering with Empowa to deliver connectivity to the financially excluded and unconnected. Empowa shares our belief that financial autonomy and connectivity are crucial for economic and social development, and we are excited to work with local entrepreneurs to grow our network and sharing economy. By allowing people to own the AirNodes on our network and earn from them, we create a circular ecosystem where everyone benefits from improved connectivity and economic opportunity.”
– Micky Watkins, World Mobile CEO and Co-Founder.
