The combined NFT will provide funding for the development of decentralized internet and affordable homes in Africa.
World Mobile, the first blockchain-based mobile network built on the sharing economy, has collaborated with Empowa, a startup that offers decentralized, cheap housing loans for those who are financially excluded.
Through the provision of access to reasonably priced housing and dependable Internet connectivity, this alliance strives to bring life-changing solutions to ubanked and disconnected regions of the world.
In order to invest in housing building in the port city of Beira, Mozambique, Empowa is soliciting money. These homes will be the backbone and market for the World Mobile team and local entrepreneurs to work together to set up AirNodes and connect the mass market to the Internet in a reliable and affordable way.
World Mobile and Empowa are both cutting-edge projects that are based on the Cardano blockchain. They were both first introduced as members of the Blockchain4Good collective, and they both want to use Web 3.0 technology to build financially sustainable businesses that help people.
There are more than 30 million people living in Mozambique, but the country only has 600 mortgages. Empowa has come up with a unique way to get around this problem by using NFTs.
The money raised by this RealFi NFT is used to fix the systemic problems in the financial sector and help people who can’t get home loans get affordable lease-to-own loans.These eco-friendly homes are not only affordable, but they can also withstand cyclones.
Nearly 80% of the homes in Beira are in danger right now because they were built by their owners with cheap materials and bad building methods.
“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.” said 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.