Web3 lets us create assets worth collecting - Bitcoin News Interview

Web3 lets us create assets worth collecting – Bitcoin News Interview

In an age where contactless interactions are encouraged or where society is adopting new ways of making payments, some believe it is essential for progressive organizations and institutions to move with the times. As history has shown, organizations that quickly learn or adopt new ways of doing things can sometimes outperform those that insist on continuing with the old ways.

Using Web3 to raise awareness of the plight of the hungry

Keeping up with the times seems to be what Princess Charlene of Monaco and her charitable organization do, Princess Charlene of Monaco Foundation SA (PCMFSA) already doing. Working with famed South African artist Junaid Senechal-Senekal, the foundation recently launched its first non-fungible token set which went on sale on October 1. 15-Piece NFT Set Features Paintings of countless children, each with a watermark of Princess Charlene’s face.

The goal of selling NFT is to raise money to feed hungry children in South Africa. Princess Charlene also told Bitcoin.com News that while her foundation’s efforts may not completely eradicate the global hunger of young people, she at least hopes that the NFTs will help remind the world that hundreds of millions of people still go to bed hungry.

In her written responses to questions sent by Bitcoin.com News, Princess Charlene explains why the PCMFSA is adopting Web3. Below are Princess Charlene’s full responses to Bitcoin.com News questions.

Bitcoin.com News (BCN): Princess Charlene of Monaco Foundation SA has been around since 2012, and based on the projects she has done in several countries, one can say that she has been very successful in what she does. I now understand that the foundation, along with Feed2gether, plans to auction off non-fungible tokens (NFTs) and use the funds raised to buy food for hungry children. Can you tell our readers why the organization chose this method?

Princess Charlene (PC): As a foundation, we always strive to make our sponsors part of the initiative they support. Web3 allows us to create assets worth collecting, connecting each beneficiary directly to the initiative they support and clients with similar charitable ideals. We see it as building communities while upgrading communities.

BCN: Can you briefly explain to our readers about the NFT set of 15 pieces and the stories that each piece tells?

computer: Although Junaid [Senechal-Senekal’s] Great job to start with. What makes this piece special is the commitment that Junaid showed to the cause and the “Easter eggs” he put to work while creating it. This piece of art is painted on 15 separate panels and although they form part of a single art installation, each section is a worthy piece in itself. Connecting Pieces Forever is the HSH Princess Charlene image included in the installation wallpaper. Junaid did this to show the world the princess’s ability to inspire.

BCN: How much does the Foundation hope to raise via the NFT auction and where can well-wishers who wish to support this initiative purchase NFTs?

computer: Our goal is to make $2.2 million in primary sales but we can’t help but dream about what the secondary market will do with it. NFTs are available for purchase at Moment.

BCN: Where is this money, or much-needed food to feed hungry children?

computer: You won’t believe how many requests we’ve received since we launched feed2gether. I wish we could point you to a single town, county, county, country or continent, but the saddest part of the answer is that the need is all over the world.

Although we may naively wish to raise enough money to solve the problem of youth hunger, we know realistically that we need to optimize whatever money is raised and use it as effectively as possible. Being a South African based institution, we will focus our efforts in South Africa…Never forget that over eight hundred million people go to bed hungry anywhere in the world at any given time, and we need to draw the attention of people around the world to this realization. Maybe then we can all start feeding the world together.

BCN: Besides the NFT auction, does the foundation directly accept cryptocurrency donations, and if so, what are some of the digital assets the foundation accepts?

computer: We are in a great partnership with Blockkoin through which we are expanding the accessibility of our web3. One of the first projects they are working on is a new donation page that allows anyone to donate to the foundation in any currency accepted by the exchange, cryptocurrency and fiat currency.

BCN: Critics of NFTs often claim that they are used to perpetuate fraud or some other dishonest activity. They point to the regular reports of laundry or so-called rug-pull incidents associated with NFTs. What do you think should be done in your opinion to help eliminate this negative perception of irreplaceable tokens?

computer: We believe that just like email fraud, scammers will use any new technology to defraud unexpected victims. Unlike other technologies, blockchain makes tracking fraud and trading laundering a lot easier. That’s partly why it gets so much air time in the news, it’s easy to find, track and customize value, so it’s easy to report.

It is also not appropriate to talk about ‘pulling the rug out’ here because PCMF is an established charitable entity, not a new community on the web3 [that] do not go anywhere. To get to the point of your question, what technology needs are more popular offerings like ours that provide real benefit and teach users how to make a legitimate project. It makes it more difficult for scammers and scammers who fly by at night to abuse technology because they will know what legitimate projects have to offer.

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Terence Zimoara

Terence Zimoara is a Zimbabwean award-winning journalist, author and writer. He has written extensively about the economic problems of some African countries as well as how digital currencies can provide Africans with an escape route.

photo credits: Shutterstock, Pixabay, Wiki Commons, Zigres / Shutterstock.com

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