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Free Talk Live and Friends Raise $80K in Crypto for Ugandan Orphanage

Free talk live and friends raise $80k in crypto for ugandan orphanage

Free Talk Live and Friends Raise $80K in Crypto for Ugandan Orphanage

Free talk live and friends raise $80k in crypto for ugandan orphanage

On Monday, the independently syndicated radio broadcast Free Talk Live (FTL) announced that the organization, along with a group of businesses and FTL listeners, had raised $45,000 in cryptocurrencies to construct an orphanage in Uganda. The initiative also raised another $35,000 in crypto to purchase the land for the orphanage within the small African village.

Also read: Mineable Cryptocurrencies Are Far More Valuable Than Non-Mineable Coins

$80K in Crypto Raised

Cryptocurrencies and philanthropy go hand in hand and on March 25, the Free Talk Live radio show announced the team had raised a total of $80,000 in digital currencies to purchase land in Uganda and build an orphanage on the site. FTL also had matching contributors who helped the crowdfunding initiative including organizations like Cell411, OhioBitcoin.com, and the Shire Free Church.

Free talk live and friends raise $80k in crypto for ugandan orphanage

The land purchase and orphanage construction will help the small village self-sustain and the residents will be able to dedicate more energy to things like growing crops and raising livestock. The orphanage construction goal was also led by The Foundation of Hope Uganda and one of the foundation’s ministers, Ndifuna Johnson.

Free talk live and friends raise $80k in crypto for ugandan orphanage
The Foundation of Hope Uganda.

According to FTL, the radio show’s listeners also participated in the funding process using the radio program’s cryptocurrency tip jar, which accepts DASH, BTC, BCH and the ability to donate with other coins using Shapeshift. FTL airs live, seven nights a week from 7-10 p.m. EST on nearly 200 radio stations. Co-host Mark Edge believes the initiative shows the true power of cryptocurrency crowdfunding. Moreover, Edge thinks that giving the Uganda village a helping hand helps them discover better opportunities.

“All I want here is for young people to have the opportunity to build a better life for themselves,” Edge explained. “Education is important and you can’t have human freedom without humans and these kids need food. This is a way for these kids to get it — this is a better plan — Give them a fishing rod and let them catch their own fish.”

Villagers Build Thousands of Clay Blocks in Anticipation

FTL first heard about the foundation in Uganda when Ndifuna Johnson contacted Edge about the orphanage. Not long after the first encounter and discussions with a local preacher, Kamua Saul, Edge thought it was a worthwhile project to pursue further. According to the radio host, the villagers crafted thousands of clay blocks in anticipation of the orphanage. “They did it piece by piece, fist the foundation, walls, second floor — Bit by bit, over time. It looks great and can fit 40 kids. It also functions as a sort of community center for all the children in the village,” Edge detailed.

Free talk live and friends raise $80k in crypto for ugandan orphanage
The Foundation of Hope Uganda.

According to FTL and the foundation, the villagers are in the process of securing the land using the funds provided by FTL donors and associated sponsors. The FTL host also noted that there’s often a misconception among libertarians in regard to helping people in need and this project has shown that “nothing could be further from the truth.” The news also follows the peer-to-peer cryptocurrency exchange Paxful’s mission in Rwanda, which helped fund two schools in the region. The #Builtwithbitcoin initiative raised over $100,000 of BTC, BCH, ETH, LTC, and DASH for the construction. The last facility Paxful helped fund and develop allowed for six classrooms, bathroom stalls, a cafeteria and a new water well system. The New Hampshire radio show’s latest focus on helping the orphanage in Uganda proves once again that cryptocurrencies are extremely well suited for spreading economic freedom through philanthropy.

What do you think about Free Talk Live listeners, OhioBitcoin.com, the Shire Free Church, and Cell411’s initiative to build an orphanage in Uganda funded with cryptocurrencies? Let us know your thoughts on this subject in the comments section below.


Image credits: The Foundation of Hope Uganda, FTL, and Pixabay.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi’s Pulse, another original and free service from OhioBitcoin.com.

Tags in this story
Africa, BCH, Bitcoin.com, BTC, Cell411, Charity, construction, crypto crowdfunding, Cryptocurrencies, dash, Foundation of Hope Uganda, Free Talk Live, FTL, Kamua Saul, Land, Mark Edge, Ndifuna Johnson, Nonprofit, orphanage, Paxful, Philanthropy, Rwanda, the Shire Free Church, Uganda

Free talk live and friends raise $80k in crypto for ugandan orphanage
Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.bitcoin.com about the disruptive protocols emerging today.

Published at Mon, 25 Mar 2019 19:01:34 +0000

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Funding the Blockchain Future of the Digital Media Industry

Funding the Blockchain Future of the Digital Media Industry

BTC Media, the largest media group in the blockchain and cryptocurrency space, announced the launch of BTC Labs, a venture studio focusing on launching and incubating blockchain applications for the digital media industry on September 25, 2017.  

BTC Labs, in turn, introduced Storyboard Ventures, a venture financing arm of the organization, seeded with $2 million to fund forward-thinking and promising media projects. According to BTC Media, Storyboard Ventures will be vigorously searching for those entrepreneurs who are “building use cases that leverage decentralization to disrupt longstanding inefficiencies” within the digital media industry.

“The internet drastically altered how we consume and distribute information, but the media industry has failed to adapt its underlying business model,” Jeremy Kandah, Storyboard Venture’s Portfolio Manager, said in a statement.

“Blockchain technology is revolutionizing the way that digital information is transacted, creating a host of new monetization models and connecting content creators directly with consumers. Storyboard Ventures will support the projects and pioneers shaping this media landscape of the future.”

On November 1, 2017, BTC Labs announced their second project, the MAD Network, a decentralized ecosystem for the ad tech industry designed to return lost value to advertisers and publishers. The MAD Network will become the programmatic advertising platform within BTC Labs’ decentralized media suite, a collection of blockchain-based tools for the media industry.

BTC Labs is working closely with the MAD Network to develop its technical architecture, as well as advising them on their upcoming token sale, which will take place on November 30th, 2017.

“The MAD Network is one example of the suite of decentralized media applications that BTC Labs will support through research, development and funding,” Tyler Evans, CEO of BTC Labs, said to bitcoin Magazine. “It is a perfect use case for distributed ledger technology because it takes the value that is traditionally captured by middlemen and brokers in the digital advertising ecosystem and instead, redistributes that value to the stakeholders in the network.”

“BTC Labs has been instrumental in the development of the MAD Network,” Adam Helfgott, Project Lead at the MAD Network, said. “We’ve been able to leverage their breadth of expertise and knowledge in the blockchain space to help formulate our development plan and go-to-market strategy.”

The first project backed by the venture studio was Po.et, a protocol utilizing and implementing blockchain technology and timestamped metadata to accelerate solutions for the publishing industry. BTC Labs developed the core architecture behind Po.et and helped guide the organization through a successful token sale process. As bitcoin Magazine is a brand of BTC Media, all content of the publication is verified via Po.et.

Blockchain technology has allowed for increased innovation, resulting in more equitable ways of sharing data and exchangin value. These new benefits of blockchain technology can be also implemented within the media industry to tackle numerous issues, including intellectual property registration, content monetization, licensing, ticketing and ad-tech.

BTC Labs will focus on both the blockchain and media industries with an aim to support disruptive, open-sourced and decentralized networks. It recognizes that, in a decentralized network, every stakeholder can retain the fair value of their work. Thus, the innovation studio will develop decentralized networks to empower not just content creators but also brands and consumers.

Disclaimer: BTC Inc. is the parent company of BTC Media and bitcoin Magazine.

The post Funding the Blockchain Future of the Digital Media Industry appeared first on Bitcoin Magazine.