One of the greatest values of blockchain and Web3 is to enable different communities around the world to use new technology building blocks to solve their own unique problems, says Open Source Mobile First. Xochitl Cazador, Head of Ecosystem Growth, said. Cello platform. Many of the opportunities created in this way include Universal Basic Income (UBI), unsecured loans and microwork.
Web3’s value is primarily measured by metrics like Total Value Locked (TVL), but another way to measure value is in terms of community and basic needs being met, Cazador said. says. Cryptonews.com.
The community is trying to solve various problems
Celo has a global ecosystem of builders in 150 countries, many in emerging markets, she added. Some of the most active hubs are in Nigeria, Kenya, Uganda, and Latin American regions such as Brazil and Colombia, where we focus on real-world use cases.
Therefore, Kazador said:
“One of the things that is developing in our ecosystem is people building solutions for the community.”
Everyone is applying this new technology differently from region to region, she said. Because even within a single region, there are micro-communities to watch, each with their own hot issues. For Brazil, it may be protecting Amazon, so the project is focused on that. Or in Kenya, where unemployment is high and the population is very young, projects focus on enabling microwork.
Examples include projects working on Universal Basic Income, exploring ways to tokenize real-world assets, and promoting positive action. influence marketFor example, a decentralized poverty alleviation protocol that allows unconditional Basic Income (UBI) to be distributed to those in need. His one of their projects is his UBI of Ukraine initiative, which is supported by partners in the Celo ecosystem.
As another example, loader, based in Colombia. Celo ran a pilot during his COVID-19 lockdown in the first half of 2020 to test certain ideas related to undercollateralized credit for Venezuelan immigrants living in Colombia. Capital and operating costs for emerging market lenders. ”
“What is particularly interesting about this case is that some of the people who received the loan were literally sleeping on the street. I was able to become a courier of goods. uber eats”
Not only did they get stable employment, but their monthly income doubled, tripled, or even quadrupled. “And I think that’s what makes Web3 so exciting: these new outlets for people to start accessing basic financial tools and really change their lives.”
Additionally, Web3 solves Web2’s problem with payments. This allows people to receive digital assets immediately after performing a task, with the bulk of it not disappearing as fees.
“So I think each country has its themes and very specific situations. And I think there are projects emerging that are working on these very specific cases.”
What we see here is what Kazador said.
“People are taking things like the building blocks of Web3 and reimagining them in ways that those of us who aren’t part of those communities can’t. Do: How do we take some of these building blocks and rethink them in ways that really benefit these regions?”
Toucan Another example of such a project. We are working to tokenize carbon offsets and encourage farmers to act more environmentally friendly.
more coming before us
Cazador said there are now more projects focused on this type of tokenization and they are approaching it in different ways, but in the future there will be even more actions focused on trees and water for example. argued that it would bring
“You are putting power back into the hands of individuals and communities and developing solutions that really work for them. I’m really looking forward to it.”
Cazador also hopes that in the next few years, the industry will continue to make this new technology simpler for everyday users.
Cazador noted that we’ve also started to see large projects partnering with smaller projects to address specific problems, and “I think that will continue to be a theme in 2023.” I’m here.
As reported in early January, Cerro FoundationPowering the Layer 1 Celo blockchain and its ecosystem, has announced a new brand identity and vision designed in collaboration with a New York-based agency. red antler, and a series of partner launches and awareness campaigns. These are aimed at embracing his Web3 by everyday users around the world. “The evolution of the brand sees the planned launch from his NFT auction by Valora and Arigallery featuring artists from the global ecosystem of Opera, GoodDollar, and Celo,” it said.
Meanwhile, in late November, a blockchain technology company Consensis Partnering with Celo to drive mainstream adoption of Web3.This allows developers to build with Celo infrastructureannounced that the Infura integration will provide multi-chain support with complementary tools to communicate with the Celo blockchain, enabling rapid deployment and scaling.
Developers can also deploy Ethereum (ETH)-based dApps. Truffleuse diligencesmart contract audit service and transactions between Celo and other decentralized finance (DeFi) platforms and dApps meta mask.
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