Shyam Narayan happens to have been successful in the launching of his metaverse venture, philanthropy DAO. This happens to be the very first one of its kind, and nothing like it ever delivered before this. The fundamental concept of venture philanthropy happens to be a structure whereby philanthropy-oriented organizations inculcate a business way of working towards the solving of social-related matters.
Where Shyam Narayan himself is concerned, he happens to be a very famous businessman, along with being the founder of his own venture, Qrishn. This Metaverse Venture Decentralized Autonomous Organization (DAO) is a venture which will be actively engaged in addressing matters related to underprivileged societies, which will also involve aspects like access to basic education, healthcare matters, and employment on the whole.
Through venture philanthropy, numerous like-minded organizations team up and, in a business-oriented fashion, take up neglected matters of the world. This is inclusive of data and analytics regarding identification, followed by properly being able to solve the issues effectively. It is a decentralized platform that utilizes the abilities of blockchain technology and the virtual world in order to allow Qrishn to fund and back relevant projects.
This very metaverse venture happens to be using smart contracts for matters of clarity and safety in keeping track of the distribution and the corresponding usage of funds and ensuring it actually reaches where and to whom it should. In this way, all of the earnings made by Qrishn are effectively directed towards what its ultimate objective is, along with the results being made visible.
In Shyam’s own opinion, this venture will achieve what anything like it has not even ventured into as yet. In the past, according to him, it has always been large organizations that have participated in philanthropic-related activities. However, the big difference in this scenario lies in the fact that just about anyone will find themselves in the position of making their very own valuable contributions where identified projects are concerned.
The first priority for him is to back a program related to education and job training for people who are cut off from the mainstream. With the proper help of the Metaverse, it will be possible to adequately provide whatever is necessary to ensure the project results in stupendous success. Along with that, will also be included the issues related to access to healthcare, drinking water, and sustainable energy for the underprivileged. The idea is to be able to make the ultimate change by making an even playing field for everyone concerned. The venture is already attracting the attention of many favorably.
Source: https://www.cryptonewsz.com/shyam-narayan-launches-philanthropy-dao-in-metaverse/