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    Home » News » Stratis Funds Defi x NFT Innovation Center In Uganda

    Stratis Funds Defi x NFT Innovation Center In Uganda

    By Jordon NealMay 3, 2022Updated:September 20, 20222 Mins Read

    Stratis has begun a new partnership with the ruling monarch of the Tooro Kingdom of Uganda, King Oyo. This partnership aims to provide beneficial features on the Stratis blockchain to the people in Uganda.

    Stratis Defi Innovation Center In Uganda
    Small farmers dominate the agricultural industry in Uganda
    Credit: Feed the Future

    Uganda’s Future With Stratis

    Stratis is collaborating with King Oyo’s charitable foundation on new blockchain use cases that can better the administration of the Tooro Kingdom for the benefit of its inhabitants. With a particular interest in the world of agriculture.

    As part of the agreement, Stratis will establish an innovation center within the kingdom devised to build blockchain development skills and NFT knowledge. Furthermore, Stratis plans to allocate lead teams formed of technical roles to elevate blockchain development across Africa.

    Finally, a specifically designed syllabus will transmit all obtained knowledge to the masses. The syllabus will leverage famed development tools, such as Microsoft’s Visual Studio.

    “We’re looking forward to developing a syllabus that will be taught at the new innovation center, focused on the use of Stratis blockchain technologies. We view this investment as the beginning of Stratis Africa and plan to deploy a senior team to Uganda. King Oyo is taking a forward-thinking stance on innovation that will bring new economic opportunities to the Tooro Kingdom.”

    – Chris Trew, Founder and CEO, Stratis

    While the popularity surrounding Defi grows, a significant gap in Web3 knowledge remains, causing misconceptions and easy targets for scammers. However, as countries and businesses begin to accept the power of the blockchain, access to fundamental knowledge becomes available.

    As the Defi community grows, safety remains a top priority; however, as the technology becomes more complex, so do the scams.

    “Blockchain technologies offer new approaches to organizing societies and increasing efficiencies. In the Tooro Kingdom, we see that the immutability of blockchain has significant potential, for example, for use cases within agriculture, logistics, banking and many more. I’m excited to be working with Stratis to further knowledge and understanding across the kingdom.”

    – King Oyo (Nyimba Kabamba Iguru Rukidi IV)

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    Jordon Neal
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    Web3 content Writer/Developer based out of Central Florida. Dedicated to building community and providing knowledge on the blockchain

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