Miami blockchain folk hero secures $5 million for community tokenization
On May 17, the Captain Haiti Foundation, a 4947(a)(1) Charitable Trust, announced a $5 million raise sponsored by private equity firm Dargent Group.
The Captain Haiti Foundation says the partnership aims to leverage blockchain technologies to “combat Miami’s housing crisis and the ongoing gentrification of Haitian society [in Miami].” Nandy Martin, who is also known as Captain Haiti and serves as the foundation’s chairman, explained that the fund will be dedicated to helping residents acquire land, family housing and commercial real estate in the Little Haiti area of Miami.
“By achieving just 5% of Wynwood’s Wall’s success, our Little Haiti Walls initiative can attract 150,000 tourists annually, stimulate local businesses and enhance cultural exchange.”
For the first step, Martin will work with Web3 music infrastructure provider Nusic to release a limited edition geo-located music non-fungible token (NFT) collection that gives first-choice property purchase rights to collectors. In addition, the Captain Haiti Foundation aims to raise $300,000 to beautify Little Haiti, with 30% of the funds allocated to community cleanups, public art and the planting of greens called “Little Haiti Walls.”
Two years earlier, Martin secured the support of Cardano founder Charles Hoskinson and Miami District Commissioner Jeffrey Watson to use blockchain to revitalize the Little Haiti community. At the time, Commissioner Watson granted $200,000 to 40 local businesses to import Haitian products, while Martin created the Little Haiti Coin on the Cardano blockchain to provide rebates for imports from Haiti.
Known for his eccentric shield and cape outfit inspired by Captain America, Nandy speaks out against what he believes is increasing gentrification in his neighborhood that has led to unaffordable housing and emigration. In a letter of support for the initiative seen by Cointelegraph, it writes:
“I am asking for your support in addressing this issue and helping us preserve the Little Haiti Wall Project, which plays such an important role in promoting cultural understanding and appreciation in our community. By doing so, we can ensure that the The artistic and cultural heritage of Little Haiti is preserved for future generations to enjoy and learn from.”