NFT Steez chats with Celo’s NFT lead, Mashiat Mutmainnah, about the promise of ReFi and its capacity to promote environmental and social good.
In many countries, hundreds of people feel that basically equal access to financial information services will enable them to meet their daily requirements.
An episode about this weekNFT SteezPresenters Alyssa Exp ó sito and Ray Salmond met with Mashiat Mutmainnah to discuss how reengineering finance (REFI) can provide better universality and diversity for blockchain applications.
Mutmainnah explained that as an "important task-driven fitness exercise", REFI allows users to revolutionize their relationship with the current financial system, as well as his relationship with finance and money.
What would happen if there were upgraded models that could continuously alleviate such things? According to Mutmainnah, REFI can completely change the meaning and use of money.
What is the impact of mergers and acquisitions?
Mutmainnah notes that the purpose of REFI is to make people aware of how the current financial system operates in the form of "groundbreaking" and "exploitative". She also equates it with the rapid fashion trend, explaining that asking users to pay $5 for a shirt is based on child labor.
This kind of "mining" system software does not have to be commonly used by everyone. One of the core principles of M & An is fair access and distribution.
Mutmainnah explained that REFI is generally referred to as a synonym for climate, and although this is a support, REFI enables "visible and browsable test cases". Users can "power on" and participate in physical models and systems to enhance their overall prosperity and ecosystem prosperity.
Therefore, REFI can be called a way to carry out triangulation of sustainable development factors according to "stable" climate and "species diversity" while maintaining fair access conditions in communities around the world. It is very likely that my family will create more financial models and management systems to promote prosperity.
As Mutmana used to say:
"REFI has helped us change the way it is about money."
Can Web3 and NFT be used for the collective benefit of society?
Asked if irreplaceable tokens (NFT) could be used in the collective interest of society, Mutmainnah mentioned a demonstration project that involved a "satisfaction NFT reward program". Similar to Starbucks' latest NFT satisfaction program, Mutmainnah explains how similar programs lead to proactive and sustainable benefits.
For example, imagine buying a NFT where the owner can have a free cup of coffee for 10 days. In a variety of modes, NFT can show benefits that are more economical and feasible than shopping for items, as well as new perceptions of products or services.
Contrary to the hype and speculation about the spread of NFT in 2021, more original creators have expanded and explored specific test cases advocated by P2P and P2P.
However, this does not mean that reception is always simple. According to Mutmainnah, in addition to NFTs, there are many "infrastructure building blocks" that need to be explored, including the development of more vibrant products to achieve this.
Mutmainnah explains that this is a dance among "high-end" users who "make the product seamless" and the authorized user completely "has his property".
To learn more about the conversation, watch and listen to collections of NFT Steez on Cointelegraph's blog page or on Spotify, Apple blog, Google search blog or TuneIn.