‘Web3 allows us to create assets worth collecting’ – Interview – Bitcoin News

In the era where contactless interactions are encouraged or where society is embracing new ways of making payments, some believe it is imperative that progressive organizations and institutions move with the times. As history has shown us, organizations that are quick to learn or adopt new ways of doing things can sometimes outperform those that insist on sticking with the old ways.

Using Web3 to raise awareness of the plight of hungry people

It appears that keeping up is what Princess Charlene of Monaco and her charity, the Princess Charlene of Monaco Foundation SA (PCMFSA), are already doing. Working with internationally renowned South African artist, Junaid Senechal-Senekal, the foundation recently launched its first collection of non-expendable tokens which went on sale on October 1. The 15-piece NFT collection features countless children’s paintings and each has a The Face of Princess Charlene watermark.

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

In her written responses to questions submitted by Bitcoin.com News, Princess Charlene explains why the PCMFSA has adopted Web3. Below are Princess Charlene’s full responses to questions from Bitcoin.com News.

Bitcoin.com News (BCN): The Princess Charlene of Monaco SA Foundation has been in existence since 2012 and judging by the projects it has completed in various countries, it can be said that it has been quite successful at what it does. I now understand that the foundation, along with Feed2gether, plans to auction non-fungible tokens (NFTs) and use the funds raised to buy food for hungry children. Can you tell our readers why the foundation has chosen this method?

Princess Charlene (PC): As a foundation, we always strive to make our sponsors a part of the initiative they are supporting. Web3 allows us to create assets worth collecting by linking each backer directly to the initiative they support and to backers with similar philanthropic ideals. We see it as building communities while elevating communities.

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

PERSONAL COMPUTER: Although Junaid [Senechal-Senekal’s] the work is amazing to begin with. What makes this piece special is the commitment Junaid showed to the cause and the special “Easter Eggs” he put into the work as he created it. This work of art is painted on 15 separate canvases and although it is part of an art installation, each section is a valuable piece on its own. Connecting the pieces eternally is the Royal Highness portrait of her Princess Charlene embedded in the background of the installation. Junaid did this to show the world’s admiration for the inspirational power of the princess.

BCN: How much does the foundation hope to raise through the NFT auction and where can supporters who want to support this initiative buy NFTs?

PERSONAL COMPUTER: Our goal is to generate $2.2 million in initial sales, but we can only dream of what the secondary market will do with it. NFTs are available for purchase at Momint.

BCN: Where are these funds, or the food to feed hungry children, which is most needed?

PERSONAL COMPUTER: You won’t believe the number of requests we’ve received since we launched the feed2gether program. We wish we could point you to a city, district, province, country or continent, but the saddest part of the answer is that the need is global.

Although we may naively wish to raise enough funds to solve youth hunger, realistically we know that we need to optimize the funds raised and use them as effectively as possible. As a foundation based in South Africa, we will focus our efforts on South Africa…Never forget that more than 800 million people go to bed hungry anywhere in the world at any given time and we need to bring it to the attention of people around the world. world. . Maybe all of us can start feeding the world together.

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

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

BCN: Critics of NFTs often claim that they are used to perpetuate fraud or some other dishonest activity. They point to regular reports of wash swaps or so-called rug pulling incidents associated with NFTs. In your opinion, what do you think needs to be done to help eradicate this negative perception of non-fungible tokens?

PERSONAL COMPUTER: We believe that just like email fraud, scammers will use any new technology to defraud unexpected victims. However, unlike other technologies, blockchain makes it much easier to track fraud and launder trade. In part, that’s why it’s in the news so much—it’s easy to find, track, and assign a value to, so it’s easy to report.

It is also not relevant to talk about a ‘rug pull’ here because PCMF is an established charity, not a new web3 community. [that] does not go anywhere. To get to the point of your question, what the technology needs is more reputable offerings like ours that provide real utility and teach users how a legitimate project works. Make it harder for scammers and scammers to misuse technology as they will know what legitimate projects have to offer.

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Terence Zimwara

Terence Zimwara is an award-winning Zimbabwean journalist, author and writer. He has written extensively on the economic problems of some African countries and how digital currencies can provide Africans with a way out.

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

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