Cardano-Based Projects Empowa and World Mobile Launch NFT Collaboration
The joint NFT will finance the construction of affordable housing and a decentralized Internet in Africa.
Empowaa project offering decentralized and affordable home loans to financially excluded people, has partnered with Global mobilethe world’s first blockchain-based mobile network based on the sharing economy.
This collaboration aims to provide life-changing solutions to underbanked and unconnected parts of the world by providing access to affordable housing and reliable internet connectivity.
Empowa is raising funds to invest in the construction of houses in the port city of Beira, Mozambique. These homes will provide the backbone and marketplace where the World Mobile team and local entrepreneurs can work together to install AirNodes and deliver reliable, affordable Internet connectivity to the mass market.
World Mobile and Empowa are both cutting-edge projects based on the Cardano blockchain, were first introduced as members of the Blockchain4Good collective, and have a common mission to build financially sustainable businesses for social impact using the web 3.0 technology.
Mozambique’s population is over 30 million, but there are only 600 mortgages in the country. Empowa uses NFT unique way to overcome this constraint.
The funds raised through this RealFi NFT are invested in addressing systemic failures in the financial sector and providing affordable home loans for financially excluded people. These eco-friendly houses are not only affordable, but also resistant to cyclones.
Currently, nearly 80% of houses in Beira are threatened by such disasters because they are self-built,
with poor quality materials and improper construction techniques.
“This RealFi NFT allows impact investors to be rewarded while fundamentally changing the lives of others. Many of us are privileged to have 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 presents an incredible opportunity to do well while doing good.
– Glen Jordan, Empowa CEO and co-founder.
“We are delighted to partner with Empowa to bring connectivity to financially excluded and unconnected people. Empowa shares our belief that financial autonomy and connectivity are crucial for economic and social development, and we are delighted to work with local entrepreneurs to develop our network and the sharing economy. By allowing people to own the AirNodes on our network and earn revenue from them, we are creating a circular ecosystem where everyone benefits from improved connectivity and economic opportunity.
– Micky Watkins, CEO and co-founder of World Mobile.
To learn more about Empowa and support this groundbreaking project, please click here.
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