- Mercy Corps Ventures partners with Polygon blockchain network
- Aims to provide blockchain education and solutions to marginalized populations
- Objectives include blockchain pilots, hackathons, and boot camp roadshows
A new partnership has been established between the Polygon blockchain network and Mercy Corps Ventures, an investment arm of Mercy Corps, established a new partnership on March 2 with the aim of providing blockchain education and opportunities to underserved countries.
According to the statement, the new alliance seeks to provide blockchain and Web3 solutions to traditionally excluded and marginalized populations through three major objectives.
Among these goals are the support of blockchain pilots that facilitate access to the financial system, blockchain hackathons with developers who serve clients in developing nations, and the construction of a blockchain boot camp roadshow in Mercy Corps’s locations.
The partners believe that these initiatives will aid in offering educational and informational sessions for local educational institutions, NGOs, and other organizations wanting to enhance their operations utilizing blockchain technology.
In response to the recent earthquake that ravaged areas of Turkey and Syria, Mercy Corps coordinated a series of crypto community donations to send supplies.
In other news, there is reason to anticipate that selling pressure on Ethereum (ETH) will remain low after the Shanghai Fork upgrade. The conclusion was drawn after analyzing the profit and loss of staked ETH, which identified two critical factors.
Around 13% of the total amount of ETH has been staked, meaning it cannot be withdrawn until the Shanghai Fork upgrade is implemented in March 2023. As a result, worries have been raised that, once ETH staked in cold storage can be retrieved, it will flood the market and create considerable selling pressure. Due to the aforementioned variables, however, further evidence is required that this will be the case.
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