Le Lézard
Classified in: Science and technology, Business
Subjects: PDT, SRI

EquityCoin® Affordable Housing Token Featured in PBS NOVA Documentary


BROOKLYN, N.Y., Nov. 18, 2022 /PRNewswire/ -- Today it was announced that Vernon J., CEO of Equity Platforms, Inc., and Akil Ash, CTO of Equity Platforms, Inc., were featured on PBS's latest NOVA Documentary titled 'Crypto Decoded' for their creation of EquityCoin®, the first digital token backed by affordable housing.

In the film, experts go beyond the hype and skepticism to unravel the social and technological underpinnings of blockchain ? exploring how it came to be and why this new technology may change more than just money.

"It was definitely a surreal moment to see EquityCoin alongside some of the world's most prolific blockchain projects in the 'Crypto Decoded' documentary," said Vernon. "I'm a firm believer that blockchain is a revolutionary technology disguised as a casino, and those leading the industry should be laser focused on solving some of society's most challenging crises, not placing bets on the hottest meme coin."

According to the National Low Income Housing Association, over 500,000 Americans face housing insecurity on a single night, and with a shortage of over 7 million affordable housing units, the housing crisis has reached epidemic proportions. Real estate is one of the most significant wealth-building assets available; however, marginalized communities have been consistently left out.

EquityCoin's goal is to take on the tasks of both introducing income-producing opportunities to those who historically have been left out, and at the same time, provide quality housing for those who need it most. According to EquityCoin's website, the team plans to usher in the new Sharing Equity Economytm by developing the infrastructure needed for real estate equity sharing, where community members can take part in fractional ownership while uplifting their own neighborhoods through affordable housing.

"Groundbreaking tech is usually far removed from socioeconomic issues such as homelessness, which is why EquityCoin is intentionally changing that dynamic through our development of community-first blockchain-powered platforms," added Akil.

To accelerate growth, the company is white-labeling their proprietary system and smart contract, offering a streamlined approach for real estate community developers to raise capital and tokenize their equity with a platform dubbed EquitySharetm. The startup's goal is to facilitate $1B worth of tokenized real estate equity sharing for communities of color by 2030.

To watch the NOVA PBS episode featuring EquityCoin go to:
https://www.pbs.org/wgbh/nova/video/crypto-decoded

For more information about EquityCoin's mission, go to https://EquityCoin.org.

Media Contact:
Daisy Bagood
[email protected] 
747-900-1387

SOURCE Equity Platforms, Inc.


These press releases may also interest you

at 00:18
OKX, a leading crypto exchange by trading volume and a leading Web3 technology company, has issued updates for May 18, 2024. OKX...

at 00:10
Faraday Future Intelligent Electric Inc. ("Faraday Future," "FF," or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that it is scheduled to have a conference call on its fourth...

17 mai 2024
xFusion Digital Technologies Co., Ltd. (xFusion) dazzled attendees with its top-of-the-range computing products and solutions at the prestigious ISC High Performance 2024 event, hosted at the Congress Center Hamburg in Germany from May 13th to 15th....

17 mai 2024
The highly anticipated HERImpact: Entrepreneurship for Impact Program launched yesterday in Chicago with a dynamic kickoff event at M Hub Chicago. This six-month virtual accelerator designed specifically for women entrepreneurs of color aims to...

17 mai 2024
In recent years, sedentary behaviour has become the norm for today's young people, and the problem of sedentary behavior is becoming more and more prevalent in the modern world. However, being sedentary may be detrimental to your health, triggering...

17 mai 2024
PAX Technology, Inc., a leading global payment solution provider, is excited to announce the release of its latest innovation, the Elys Display, a cutting-edge Kitchen Display System (KDS). Engineered for high-speed kitchen environments, this...



News published on and distributed by: