It was launched today EarthFundBlockchain technology can be used to fund causes and promote good in the world by anyone using e-commerce platform -.
The potential for blockchain technology and cryptocurrency to improve the world is huge. However, the technology’s impact on the lives of those who need it has only been felt in the short term. According to EarthFund co-founder, Adam Boalt, the technology “hasn’t been fully adopted yet mainly because of usability”, and that is what his company is trying to change.
“So far, crypto native folks have spent their energy on often frivolous causes, such as trying to buy a piece of paper or a virtual monkey profile picture,” Boalt further shared. “But with EarthFund, we’re focused on making crypto accessible so everyone can harness its potential and help truly world-changing causes to get the funding they deserve.”
Decentralized autonomous organizations (DAOs), as transparent channels for raising donations and tracking them to ensure that every penny reaches people who need it, have been favoured by blockchain projects in the past. Since the stories of ConstitutionDAO and UkraineDAO, the concept of creating DAOs to fund real-world causes has become mainstream. Many of these DAOs for charitable causes have not been as impactful, despite the fact that they use token incentives and crypto to do good.
Even so, the setting up of a funding DAO was a job that could only be done by experienced Solidity developers. It was impossible for regular companies or individuals to set up infrastructure necessary for funding DAOs, which significantly limited the impact of this technology.
EarthFund is a simple, intuitive user interface that allows everyone to create DAOs and fund the causes they care about. This will make a real difference in achieving their goals. The platform offers a straightforward UI, as well as a complete-stack ecosystem that allows donors, users, and founders to make their voice heard in real life. It is easy for founders to set up DAOs and attract funds. They can even offer token incentives in order to encourage people to give.
EarthFund is designed for participants of all classes in DAO projects. It provides a plug-and-play, intuitive platform for founders that allows them to launch an ERC-20 token or DAO with gasless governance. The platform offers rewards to users for their participation and votes in advancing the cause that they have committed to. EarthFund is a platform that allows donors to give crypto. It’s geared towards vetting and ensuring the funds make a significant impact.
The platform will launch with pilot projects from prominent philanthropists like Deepak Chopra, Dr Lucy Tweed and others who aim to establish funding DAOs (Development of Aid Organizations) for carbon removal and mental health causes.
“We’re seeing a shift in the crypto space from a focus on short-term profits to using it to build a better future for everybody. That’s why we partnered with EarthFund to launch our NeverAlone token and democratize and decentralize the way that projects focused on tackling the mental health crisis get the funding they need to make a difference,” commented Chopra.
EarthFund also aims to solve the accountability- and transparency problems that plague charities, humanitarian causes and donation centers. Today, charities usually take between 26% and 87% of donated funds for “administrative” purposes, while the remainder is deployed as the creators see fit. EarthFund utilizes blockchain technology, decentralized governance, and cryptography to make sure all funds are properly used and that the final decision regarding how they should be spent is made transparently to all parties.