Cardano-based projects Empowa and World Mobile launch Collab NFT
The joint NFT will finance the construction of affordable housing and decentralized internet in Africa.
Empowa, a project that offers decentralized, affordable mortgages 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 of the world by providing access to affordable housing and reliable Internet connectivity.
Empowa is raising funds to invest in the construction of housing in the port city of Beira, Mozambique. These homes will provide the backbone and marketplace for the World Mobile team and local entrepreneurs to work together to install AirNodes and provide reliable and affordable Internet connectivity to the mass market.
World Mobile and Empowa are both pioneering projects built on the Cardano blockchain, first introduced as members of the Blockchain4Good collective, and share a mission to build 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 uses NFTs in a unique way to overcome this limitation.
The funds raised through this RealFi NFT are invested to address the systematic failures of the financial sector and provide affordable rent-to-own mortgages to the financially excluded. These environmentally sustainable homes are not only affordable but also cyclone resistant.
Currently, almost 80 percent of Beira homes are at risk from such disasters because they are self-built,
with poor quality materials and incorrect construction techniques.
“This RealFi NFT enables 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, especially in Africa. Investing in this change provides a fantastic opportunity to do well while doing good.”
– Glen Jordan, Empowa CEO and co-founder.
“We are excited to partner with Empowa to deliver connectivity to the economically excluded and unconnected. Empowa shares our belief that financial autonomy and connectivity are critical to economic and social development, and we are excited to work with local entrepreneurs to expand the network and the sharing economy. By letting people own the AirNodes on our network and profit from them, we create a circular ecosystem where everyone benefits from improved connectivity and economic opportunity.”
– Micky Watkins, World Mobile CEO and co-founder.
To find out more about Empowa and to support this pioneering project, click here.
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