‘Web3 Allows Us to Create Assets Worth Collecting’ – Interview Bitcoin News

It is imperative that progressive institutions and organizations adapt in this age of contactless payments or when society adopts new methods for making payments. Organizations that are quick to adapt or learn new methods of doing business can often outcompete those who continue with the old way. This is what history shows us.

Web3 is a tool to increase awareness of the hunger crisis

Princess Charlene of Monaco, along with her charity organization The Princess Charlene of Monaco Foundation SA(PCMFSA), seem to be keeping pace with times. Junaid Senechal – Senekal is an internationally-respected South African artist. The foundation launched their first non-fungible token collection on October 1, after collaborating with him. The 15-piece NFT collection features paintings of countless children and each has a watermark of Princess Charlene’s face.

NFT sales are intended to help feed South African children who are hungry. Princess Charlene also told Bitcoin.com News that while her foundation’s efforts may not completely end global youth hunger, she at least hopes the NFTs will help remind the world that hundreds of millions of people are still going to bed hungry.

Princess Charlene explained why the PCMFSA adopted Web3 in her written response to queries sent by Bitcoin.com News. Below are Princess Charlene’s full responses to Bitcoin.com News’ questions.

Bitcoin.com News (BCN). The Princess Charlene Foundation SA was established in 2012 and has had a number of successful projects. The foundation plans to auction non-fungible tokens (NFTs), and raise money to feed hungry children. Could you please explain to our readers the reasons why the foundation decided this way?

Princess Charlene (PC).We strive as a foundation to include our patrons in the initiatives we support. Web3 makes it possible to collect assets and link patrons to initiatives. It is about building community and uplifting others.

BCN: Please briefly tell our readers about the 15-piece NFT Collection and the stories behind each of them.

PC:Junaid is still alive [Senechal-Senekal’s]To begin, work can be amazing. What makes this piece special is the commitment Junaid showed towards the cause and the special “easter eggs” he put into the work while creating it. Each section of this art piece can be seen as a separate piece. It is composed over 15 different canvasses. HSH Princess Charlene’s portrait is the backdrop of the installation that connects all the pieces. Junaid did this to showcase the admiration the world has for the princess’s power to inspire.

BCN: How big is the NFT auction expected to bring in? And where are well-wishers able to purchase NFTs to assist this effort?

PC:We aim to sell $2.2 million of initial sales, but it is impossible to imagine what secondary markets will do. On the Momint, you can buy NFTs.

BCN: Is there a way to get the funds and food that are most desperately needed for the children who are hungry?

PC:The number of people who have requested feed2gether since its inception is unbelievable. While I wish that we could direct you to a specific town, region, province or country, the truth is the global need exists.

While we may wish we could raise sufficient funds to end youth hunger, we are realistic enough to know we must maximise any money raised and make the most of them. Being a foundation based in South Africa we will focus our efforts in South Africa… Never forget that more than eight hundred million people go to bed hungry anywhere in the world at any given time and we need to bring that realisation to people’s attention around the world. Perhaps then, we can all start feeding our world together.

BCN: Other than the NFT auction does the foundation accept cryptocurrency donations, and, if yes, which digital assets do they accept?

PC:Blockkoin and us have a fantastic partnership that allows us to expand our web3 accessibility. A new donation page is one of their first projects. This will let anyone donate with whatever currency they accept, fiat or cryptocurrency.

BCN: NFT critics frequently claim they are used to promote fraud and other dishonest practices. Regular reports about wash trades and the “rug-pulling” incidents that are associated with NFTs are cited by them. What do you believe is necessary to eradicate the negative impression of NFTs in your opinion?

PC:Scammers can use every technology available to them, just as email fraud. It is much simpler to track fraudulent transactions and trace them than other technologies. Which is in part why it gets so much airtime in the news, it’s easy to find, trace and allocate a value to it, so it’s easy to report on.

It’s also not relevant to speak about a ‘rug pull’ here because PCMF is an established charitable entity, not some new web3 community [that] isn’t going anywhere. You are asking the right question. What the tech needs is more trustworthy offerings such as ours, which offer real utility and demonstrate how to use legitimate projects. This will make it more difficult for fraudsters or fly-by-night con artists to exploit the technology. They’ll know which legitimate projects they have.

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Terence Zimwara

Terence Zimwara was a Zimbabwe author, journalist and writer who won the award. He is a prolific writer on the economic woes of African countries, as well as digital currencies that can be used to provide an escape path for Africans.

Image credit: Shutterstock, Pixabay, Wiki Commons, Zigres / Shutterstock.com

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