What is Regenerative Finance (ReFi) and how can it impact NFTs and Web3?
NFT Steez talks to Celo Ecosystem Lead Mashiat Mutmainnah about ReFi's promise and ability to promote environmental good and social.
Interview
On September 30, NFT Steez, a bi-weekly Twitter space hosted by Alyssa Expósito and Ray Salmond, sat down with Mashiat Mutmainnah to discuss how regenerative finance (ReFi) can bring more accessibility and inclusivity to the blockchain technology.
As a "mission-driven movement", Mutmainnah explains that ReFi allows users to redefine their relationship with the current financial system and their relationship with finance and wealth.
Currently, in many countries, millions of people do not have equitable basic access to financial services that would allow them to meet their daily needs.
What if there were newer models that could permanently alleviate this problem? According to Mutmainnah, ReFi can redefine what money means and how it is used.
What is the impact of ReFi?Mutmainnah pointed out that ReFi brings awareness to how current financial systems operate in an “extractive” and “exploitative” way. She also drew a comparison to fast fashion by explaining that allowing a user to buy a shirt for $5 comes at the expense of a child laborer.
These 'extractive' systems no longer work for people, as one of the core principles of ReFi is fair accessibility and distribution.
Mutmainnah explained that ReFi is often seen as synonymous with climate, and while it is a pillar, ReFi has enabled “tangible and accessible use cases.” Users can "plugin" and participate in models and systems that can increase their overall prosperity and that of the ecosystem.
Therefore, ReFi can be seen as a way to triangulate the elements of sustainability by “stabilizing” climate and “biodiversity”, while maintaining equitable access...
NFT Steez talks to Celo Ecosystem Lead Mashiat Mutmainnah about ReFi's promise and ability to promote environmental good and social.
Interview
On September 30, NFT Steez, a bi-weekly Twitter space hosted by Alyssa Expósito and Ray Salmond, sat down with Mashiat Mutmainnah to discuss how regenerative finance (ReFi) can bring more accessibility and inclusivity to the blockchain technology.
As a "mission-driven movement", Mutmainnah explains that ReFi allows users to redefine their relationship with the current financial system and their relationship with finance and wealth.
Currently, in many countries, millions of people do not have equitable basic access to financial services that would allow them to meet their daily needs.
What if there were newer models that could permanently alleviate this problem? According to Mutmainnah, ReFi can redefine what money means and how it is used.
What is the impact of ReFi?Mutmainnah pointed out that ReFi brings awareness to how current financial systems operate in an “extractive” and “exploitative” way. She also drew a comparison to fast fashion by explaining that allowing a user to buy a shirt for $5 comes at the expense of a child laborer.
These 'extractive' systems no longer work for people, as one of the core principles of ReFi is fair accessibility and distribution.
Mutmainnah explained that ReFi is often seen as synonymous with climate, and while it is a pillar, ReFi has enabled “tangible and accessible use cases.” Users can "plugin" and participate in models and systems that can increase their overall prosperity and that of the ecosystem.
Therefore, ReFi can be seen as a way to triangulate the elements of sustainability by “stabilizing” climate and “biodiversity”, while maintaining equitable access...
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