- Farmsent’s “.farms” domain empowers over 160,000 farmers to trade directly with global markets, enhancing transparency and fairness.
- Unstoppable Domains’ partnership with Farmsent simplifies crypto transactions for farmers, fostering a more connected global food chain.
- Farmsent leverages NFTs for secure, transparent auctions, ensuring credibility in agricultural trading across global markets.
Farmsent, a blockchain-based platform has collaborated with Unstoppable Domains to enable enable farmers to accept cryptocurrency transactions and create digital identities. By eliminating middlemen and fostering an open supply chain, the top-level domain “.farms” has enabled farmers to conduct business directly with businesses worldwide. In addition to helping small-scale farmers, this effort guarantees the protection of their economic rights in the expanding digital marketplace.
Empowering Farmers with Digital Identities
Farmsent’s blockchain-based marketplace, enhanced by the “.farms” domain, allows food producers to create secure digital identities. Besides facilitating transactions with over 275 supported tokens, these domains connect farmers directly with consumer-facing businesses. Trade is facilitated by this approach, giving farmers access to foreign markets and a larger audience.
To further ensure the integrity of both vendors and purchasers, the Farmsent platform employs non-fungible tokens (NFTs) to validate bids in auctions. Consequently, this enhances trust and transparency in the trading process, providing a more secure environment for agricultural transactions.
Driving Sustainable Development and Global Impact
Since its launch, Farmsent has onboarded over 160,000 farmers from Colombia and Indonesia. These farmers are already utilizing the platform to trade commodities like coffee, avocado, and palm sugar between their home countries and international markets, including the United Arab Emirates. This demonstrates the platform’s potential to revolutionize the global agricultural sector.
Additionally, the collaboration between Unstoppable Domains and Farmsent is a significant step toward sustainable development. By offering advanced blockchain solutions and secure digital identities, they are helping farmers overcome the limitations of centralized systems. This not only improves their living conditions but also promotes a more connected and equitable global food supply chain.
Furthermore, the partnership includes an NFT collection called “NoFarmerNoFood,” aimed at raising awareness of farmers’ challenges. This initiative, available on OpenSea, seeks to highlight the importance of global food security and foster support for sustainable agriculture.
With over 865 apps, games, and metaverses integrating the “.farm” domain, this collaboration is set to provide farmers with new opportunities for growth and development in the Web3 era.
