Cardano’s New Project Will Further Boost Web3 Adoption
The race to take the lead in developing the Web3 ecosystem is multiplying among the major blockchain platforms. Accordingly, a group within the Cardano community recently launched a new project to create a safe learning environment for its members to learn more about Web3.
To accelerate knowledge acquisition in the Web3 space, the Web3 User Group, a group of Cardano community members, has unveiled an initiative for people to learn about Web3. The group aims to equip people in developing countries with skills in information technology (IT), which it would fund via donations and the sale of its digital collectibles.
Furthermore, the members of the Web3 community are passionate about the learning and application of technology to everyday routines. The Web3 User Group aims to help make IT knowledge accessible and affordable to all, irrespective of location.
Meanwhile, the new project, “Xmas NFT Collection,” is designed to fund the four weeks of IT classes for many eligible young men and women in Africa. The group launched the initiative in the Talek region of Kenya and its surrounding environment in Masia Mara.
Furthermore, at the core of the Xmas NFT Collection is the goal of creating a new tradition in Germany where gifts would be in the form of NFTs, and the group would, in turn, use the sales proceeds to support IT education in developing regions of the world.
Interestingly, many people engaged in the Xmas NFT collections are new to blockchain, cryptocurrency, and digital art. As a result, the organizers deem it necessary to lower the entry barriers to accommodate as many as possible.
More importantly, the Xmas NFT event aims to educate people whose prior attitudes towards NFTs and blockchain have been negative. In the future, young adults will have pleasant experiences with NFTs.
Then, use them to support noble courses like the one the Web3 User Group is currently financing in Kenya. The project features several personalities from the Cardano community, with interested persons required to mint NFTs to be part of the initiative.
Cardano’s native token, ADA, will also be the native token for this new project.
ADA Seeks Further Growth
Amid the bear market, crypto investors yearn to recover from the market turmoil. Hence, holding a token with almost zero use case has proven to be an unwise move.
Industry experts believe tokens with practical utility cases are the best investments during this crypto market downturn. Thus, Cardano’s ADA is among the tokens developers utilize in building decentralized applications and processing other smart contract functionalities.
With the network initiating several projects to expand the Cardano ecosystem, ADA’s utility continues to grow. However, due to the crypto winter, ADA hasn’t been able to replicate its spectacular 2021 bullish run.
But several new projects are expected to enhance the token’s value in the coming years. Meanwhile, with the addition of ADA to the XMAS NFT Collection, the sale of digital collectibles would also significantly enhance ADA’s use case.
At the time of writing, ADA is trading at $0.283, with a 6.3% slump over the past 24 hours.
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