For those with crypto allocations in their portfolios at the moment, I wanted to share a project that I am looking into. None of this is financial advice. I'm an accountant not a financial advisor and have yet to even invest into this coin, but I am curious as it appears to be moving in the same direction as the "greater agenda" is dictating and is being handheld by the powers that be. I'll explain below and hope that those of you that are heavily involved in the crypto space can chime in with positive or negative feedback.
It's called Energy Web Token ($EWT). Recently, it got accolades from Blackrock and while it was promising to hear the giant mention the token, it was then connected to a pump & dump by the institution. This isn't a new thing, as most of these big wallets tend to do things like this for quick profit, but the fact that they even picked this token made me curious. There are other blockchains/crypto projects involved in the goal of achieving net-zero carbon emissions, why BlackRock decided to mention and invest into Energy Web Token is what got me wondering.
https://www.energyweb.org/Then, the true powers that be (The World Economic Forum) started mentioning Energy Web by highlighting that they are part of a new coalition to investigate and highlight the potential of web3 technologies, such as crypto and blockchain, in accelerating action on climate change (
https://www.weforum.org/press/2022/09/new-crypto-sustainability-coalition-to-investigate-potential-of-web3-technologies-in-fighting-climate-change/).
Moreover, the United Nations also mentioned them in one of their reports where they highlight the use cases and opportunities for blockchain towards sustainable energy and climate (Page 26 of this report -
https://t.co/eS7roWGGOr).
I think the new agenda that the powers that be will want us to face on a global scale are the dangers of climate change. The White House recently put out a press release on November 16, 2022 and they specifically talked about the President's presence at the recent G20 meeting. In this press release (
https://www.whitehouse.gov/briefing-room/statements-releases/2022/11/16/g20-bali-leaders-declaration/), they mentioned climate change over 27 times and talked about their overall efforts towards working with the global governments in ameliorating the devastating effects on the climate.
Again, I am not too well versed on this project as of yet, but I am seeing a lot of powerful groups making mention of them in a way that leads me to believe that they "
might" become a notable player in some future projects.
For those that are into blockchain and cryptocurrencies, let me know what you think.
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