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Singapore, August 25, 2022 /PRNewswire/ — EMURGO Ventures, the official business arm of the Cardano blockchain EMURGOToday it announced an investment in Aid:Tech to accelerate Web3’s products and services for positive social impact.
EMURGO VENTURES
Help: Tech is building an on-chain reputation and awards for Web3 by focusing on real-world use cases. AID: Technology allows people to build a reputation, which is tied to their reputation on the chain. Help: A technology validation protocol that rewards people for their time and contributions in the physical and digital worlds. AID:Tech was the first company in the world to deliver international aid using blockchain in 2015.
The funding is in part Aid:Technology using blockchain-based Decentralized Identifiers (DIDs) and NFTs to develop an innovative Web3 “volunteer and income” wallet and ecosystem that supports digital identity for people to build reputation on-chain. To integrate Web2 and Web3. This allows organizations, sports organizations, universities, non-governmental organizations and charities to lead effective volunteering activities.
Help: Tech’s “Volunteer and Income” ecosystem will be accessible to the Cardano Web3 community. Verified volunteers in the ecosystem will be issued Verified NFT on the Cardano NFT Marketplace. Phoebe. Yoroi Wallet – An open source crypto wallet for Cardano ADA users – Integrates with Aid:Tech’s enabling and revenue ecosystem to act as a stepping stone for Cardano ADA users.
Join the financial support as well Joshua EstradaCOO at Chan Zuckerberg Initiative and other Tier-1 Web3 VCs.
“Aid:Tech has a successful track record of working with leading international aid organizations to deliver fast and transparent payments with digital ID solutions to the underserved,” said Kaimin Hu, EMURGO Ventures Partner. “EMURGO Ventures is excited to further support Aid:Tech’s efforts to build more socially impactful Web3 solutions for philanthropic causes, which coincides with Cardano’s Web3 expansion.”
“We are thrilled that EMURGO Ventures has invested in AID:Tech. As a leader in the Cardano ecosystem, we see great potential in building products that the community wants to use and growing real-world applications,” said AID:Tech CEO. Joseph Thompson. “We have a great opportunity to build a Web3 wallet for the millions of willing customers we work with. We see this space as a paradigm shift in Web3 Wallet to hold value that has never been captured before.”
For specific interview questions, please see below.
For investment inquiries, please contact [email protected]
About EMURGO Ventures
EMURGO Ventures is a wholly owned investment subsidiary of parent company EMURGO Ptd. Ltd. (“EMURGO”) and invests in various startups and middleware solutions companies to drive Cardano’s Web3 adoption.
EMURGO has offices Singapore, IndiaAnd Indonesia, US and a list of international customers and partners. To connect and learn more, visit https://emurgo.io.
For additional interview questions and more information:
Albert Kim
International PR manager
[email protected]
+65-6978-5823
About Aid:Tech
Aid Technology Ltd. It was founded in 2016 with a focus on building real-world applications for bitcoin, blockchain and crypto.
Help: Tech has offices Singapore, IrelandAnd visit America to meet and learn more https://aid.technology
Source EMURGO Ventures
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