Thursday, June 1, 2023

Miami blockchain folk hero secures $5M for community tokenization


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On Could 17, the Captain Haiti Basis, a 4947(a)(1) charitable belief, introduced a $5 million increase sponsored by non-public fairness agency Dargent Group. 

The Captain Haiti Basis says the partnership goals to leverage blockchain applied sciences to “fight Miami’s housing disaster and the continuing gentrification of the Haitian community [in Miami].” Nandy Martin, who’s often known as Captain Haiti and serves as the muse’s chairman, defined that the fund shall be devoted to serving to residents purchase land, household properties and industrial actual property within the Little Haiti neighborhood of Miami.

“By attaining simply 5% of Wynwood’s Wall success, our Little Haiti Partitions initiative might entice 150,000 vacationers yearly, stimulating native companies and amplifying cultural alternate.”

For step one, Martin will associate with Web3 music infrastructure supplier Nusic to launch a restricted version geo-located music nonfungible token assortment granting first-option actual property buy rights to collectors. Moreover, the Captain Haiti Basis goals to boost $300,000 to beautify Little Haiti, with 30% of the funds allotted to community cleanups, public artwork and planting greens dubbed the “Little Haiti Partitions.”

Two years in the past, Martin secured the support of Cardano founder Charles Hoskinson and Miami District Commissioner Jeffrey Watson to make the most of blockchain to assist revitalize the Little Haiti community. On the time, Watson granted $200,000 to 40 native companies for importing Haitian merchandise, whereas Martin created the Little Haiti Coin on the Cardano blockchain to supply reductions for Haitian imports.

Captain Haiti and Cardano founder Charles HoskinsonSupply: Charles Hoskinson through Twitter

Identified for his eccentric protect and cape outfit impressed by Captain America, Martin advocates in opposition to what he believes to be rising gentrification in his neighborhood that has led to unaffordable housing and emigration. In a single letter of help for the initiative seen by Cointelegraph, he writes:

“I kindly request your help in addressing this difficulty and serving to us to protect the Little Haiti Wall undertaking, which performs such a significant function in selling cultural understanding and appreciation inside our community. By doing so, we will make sure that the creative and cultural heritage of Little Haiti is preserved for future generations to get pleasure from and be taught from.”