Blockchain
FoodChain Global lists its FOOD token on HotBit, bringing transparency to charitable donations
FoodChain Global, a blockchain ecosystem focused on fighting global hunger through NFTs, P2E games, staking, and exclusive merchandise, launches its FOOD token on crypto trading platform HotBit, using the transparency of blockchain to show the value of donations being administered. Through utilizing blockchain addresses that are publicly verifiable on PolygonScan, the real-world utility of FOOD tokens is showcased.
In 2015, the UN committed to fight global hunger and reduce it by 50 percent by 2030. But there are more people hungry and malnourished today than ever before, and public trust in charitable donations to solve the issue continues to dwindle. More than 60 percent of people globally don’t believe charities can accomplish their missions. And can you blame them? Charity scandals, including pocketing donations of upwards of $187 million, is not a foreign concept to the public. Transparency measures serve as an antidote to the public’s toxic relationship with charities, restoring trust in charitable causes, and even boosting contributions according to a 2018 study from the Journal of Accounting, Auditing & Finance.
“In order to tackle the global food crisis we want to engage millennials, who are already embedded in the blockchain world, with custom FoodChain Global NFTs and P2E games to speak to this age group as traditional charities do not,” says Shawn Kurz, founder of FoodChain Global.
FoodChain Global (FCG) ensures charitable donations go to the right place by utilizing the transparency of blockchain to provide a public financial record of all transactions through the FCG proof-of-work page. The token also offers a sustainable purpose by helping to combat a real-world hunger problem differentiating itself from meme coins and also bringing long-term sustainability with its full ecosystem, including NFTs, P2E games, staking, and exclusive merchandise. In order to incentivize staking, FoodChain Global offers interest rates from 12 percent to 20 percent helping to combat global inflation and encouraging holding FOOD tokens for longer periods of time. FoodChain Global has already completed multiple events with local food banks prior to the token launch to showcase its proof-of-work concept and the seriousness of the project.
FOOD token operates on Polygon to build upon its real-world use case to ensure minimal transaction fees compared to Ethereum Mainnet where transactions are extremely expensive and recently in a range of $25 to over $60 USD. By running on Polygon with transaction fees under one penny, FOOD token solves issues related to speed and eliminates unnecessary user fees creating a perfect utility token that can be used in our daily lives while empowering others to do good.
“FoodChain Global wants to leverage blockchain so it makes sense to the average person by showing its real-world function,” says Kurz.
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
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