In many countries, millions of people clack basic equitable access to the financial services that would allow them to meet their daily needs., hosts Alyssa Expósito and Ray Salmond meet with Mashiat Mutmainnah to discuss how regenerative finance can provide more accessibility and inclusivity to blockchain technology.
What if there were newer models that could sustainably alleviate this? According to Mutmainnah, ReFi can redefine what money means and how it’s used.Mutmainnah emphasized that ReFi intends to bring awareness to how the present financial systems operate in an “extractive” and “exploitative” manner. She also drew a comparison to fast fashion, explaining that what enables a user to purchase a shirt for $5 comes at the expense of a child laborer.
Therefore, ReFi can be considered a way of triangulating elements of sustainability via “stabilizing” the climate and “biodiversity,” while also keeping equitable access within global communities. This has the potential to create new financial models and systems that can increase prosperity.Can Web3 and NFTs be used for social and public good?could be used for the social and public good, Mutmainnah referenced a pilot program that involved a “loyalty NFT rewards program.
Contrary to the hype and speculation circulating NFTs in 2021, more creators and platforms are expanding and exploring practical use cases from peer-to-peer and peer-to-business initiatives.
marvelgirl_eth ohihello1 HorusHughes On this week’s episode of NFT Steez, hosts Alyssa Expósito and Ray Salmond meet with Mashiat Mutmainnah to discuss how regenerative finance (ReFi) can provide more accessibility and inclusivity to blockchain technology.
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