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On May 17, the Captain Haiti Foundation, a 4947(a)(1) charitable trust, revealed a $5 million funding initiative backed by the private equity firm Dargent Group.
The Captain Haiti Foundation states that the collaboration seeks to utilize blockchain technologies to “address Miami’s housing crisis and the persistent gentrification of the Haitian community [in Miami].” Nandy Martin, also recognized as Captain Haiti and the foundation’s chairman, clarified that the fund will focus on assisting residents in acquiring land, family homes, and commercial properties in the Little Haiti area of Miami.
“By achieving just 5% of Wynwood’s Wall success, our Little Haiti Walls initiative could draw 150,000 tourists each year, boosting local businesses and enhancing cultural exchange.”
As the initial step, Martin will collaborate with Web3 music infrastructure provider Nusic to launch a limited edition geo-located music non-fungible token collection that grants collectors first-option rights for real estate purchases. Furthermore, the Captain Haiti Foundation aims to gather $300,000 to enhance the aesthetics of Little Haiti, with 30% of the funds designated for community cleanups, public art, and planting greenery referred to as the “Little Haiti Walls.”
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Two years prior, Martin obtained the backing of Cardano founder Charles Hoskinson and Miami District Commissioner Jeffrey Watson to employ blockchain technology for the revitalization of the Little Haiti community. At that time, Watson allocated $200,000 to 40 local businesses for the importation of Haitian goods, while Martin established the Little Haiti Coin on the Cardano blockchain to offer discounts on Haitian imports.
Captain Haiti and Cardano founder Charles Hoskinson. Source: Charles Hoskinson via Twitter
Recognized for his distinctive shield and cape attire inspired by Captain America, Martin advocates against what he perceives as increasing gentrification in his neighborhood, which has resulted in unaffordable housing and emigration. In a letter of support for the initiative reviewed by Cointelegraph, he states:
“I kindly request your support in addressing this issue and helping us to preserve the Little Haiti Wall project, which plays such a vital role in promoting cultural understanding and appreciation within our community. By doing so, we can ensure that the artistic and cultural heritage of Little Haiti is preserved for future generations to enjoy and learn from.”
