Unlock Equity in poor communities
Problem
How can Cardano help unlock hidden equity in poor communities and bring more people into the digital economy?
Total to date
This is the total amount allocated to Unlock Equity in poor communities.
About this idea
While we are jumping into Defi, GameFi and NFTs, much of the world is still locked out of the banking system.
Meaningful and feasible use cases in unlocking equity for the developing world.
- Number of potential people impacted
- Number of feasible user cases
- Number of partnering organization (NGOs) joining force
In Q3 of 2021, total trading volume of NFT hits an all time high of $10.67 billion dollars. At the same time, Total Value Locked in DeFi also hits an all-time high of $236 billion dollars. With the total crypto market cap hitting $2.67 trillion dollars, the crypto industry at large is hitting mainstream.
Globally, 1.7 billion adults are still missing a basic bank account. They cannot enjoy the benefit of global economic progress. They are locked out of the blooming digital economy.
The Cardano community should challenge ourselves to work harder to unlock hidden equity for the billions of people being locked out of the digital economy. Like how mobile phones allow many poor countries to leapfrog into the internet world, skipping land-line and computers, crypto could allow the same people to leapfrog into the digital economy, skipping traditional banking systems.
This challenge should focus on finding new use cases for unlocking hidden equity.
How can we bring people in poor communities into Defi?
If there can be play-to-earn, can there be learn-to-earn?
Can land in the metaverse benefit landowners in the real world?
Team
