{"id":1128,"date":"2022-11-25T18:24:28","date_gmt":"2022-11-25T18:24:28","guid":{"rendered":"https:\/\/brownsvillenews.org\/east-new-york-affordable-housing-backed-by-digital-tokens-featured-on-pbs-national-nova-television-segment\/"},"modified":"2022-11-25T18:24:28","modified_gmt":"2022-11-25T18:24:28","slug":"east-new-york-affordable-housing-backed-by-digital-tokens-featured-on-pbs-national-nova-television-segment","status":"publish","type":"post","link":"https:\/\/brownsvillenews.org\/?p=1128","title":{"rendered":"East New York Affordable Housing Backed by Digital Tokens Featured on PBS National NOVA Television Segment"},"content":{"rendered":"

Recently the founders of EquityCoin\u00ae<\/a>, Vernon J.<\/a>, CEO of\u00a0Equity Platforms, Inc.<\/a>, and Akil Ash, CTO of Equity Platforms, Inc., were featured on PBS\u2019s latest NOVA Documentary titled \u2018Crypto Decoded<\/strong><\/a>\u2019 for their creation of the first digital token backed by affordable housing. Their first affordable housing property is in East New York, which is where much of this PBS NOVA segment was filmed.<\/p>\n

Portions of this national televised segment were filmed during the Affordable Housing Roundtable<\/a> session that was held at Fusion East restaurant earlier this year. Panelists on the rountable discussion included Assemblywoman Nikki Lucas<\/strong><\/a>,\u00a0Albert Scott<\/strong>\u00a0(Chairman at the East New York Homeowners\u2019 Assoc.),\u00a0Boris Santos<\/strong>\u00a0(Treasurer at\u00a0ENY Community Land Trust<\/a>),\u00a0Vernon J.<\/strong>\u00a0(Founder & CEO at EquityCoin),\u00a0Rita Zimmer<\/strong>\u00a0(Executive Director at\u00a0HousingPlus<\/a>), and\u00a0Teghvir Sethi<\/strong>\u00a0(Principal at Spatial Equity Co.).<\/p>\n

In the film, experts go beyond the hype and skepticism to unravel the social and technological underpinnings of blockchain \u2013 exploring how it came to be and why this new technology may change more than just money.<\/p>\n

\"\"

Vernon J (left) Akil Ash (right)<\/p><\/div>\n

\u201cIt was definitely a surreal moment to see EquityCoin alongside some of the world\u2019s most prolific blockchain projects in the \u2018Crypto Decoded<\/a>\u2019 documentary\u201d, said Vernon. \u201cI\u2019m 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\u2019s most challenging crises, not placing bets on the hottest meme coin.\u201d<\/p>\n

According to the\u00a0National Low Income Housing Association<\/a>, 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.<\/p>\n

EquityCoin\u2019s 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\u2019s website, the team plans to usher in the new\u00a0Sharing Equity Economy\u2122<\/a>\u00a0by 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.<\/p>\n

\u201cGroundbreaking 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\u201d, added Akil Ash, the company\u2019s director of technology.<\/p>\n

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\u00a0EquityShare\u2122<\/a>. The startup\u2019s goal is to facilitate $1B worth of tokenized real estate equity sharing for communities of color by 2030.<\/p>\n

To watch the NOVA PBS episode featuring EquityCoin go to:\u00a0https:\/\/www.pbs.org\/wgbh\/nova\/video\/crypto-decoded<\/a>
\nFor more information about Equity Coins mission, go to\u00a0https:\/\/EquityCoin.org<\/a>.<\/p>\n

SUBSCRIBE<\/strong><\/a> to EastNewYork.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Recently the founders of EquityCoin\u00ae, Vernon J., CEO of\u00a0Equity Platforms, Inc., and Akil Ash, CTO of Equity Platforms, Inc., were featured on PBS\u2019s latest NOVA Documentary titled \u2018Crypto Decoded\u2019 for their creation of the first digital token backed by affordable housing. Their first affordable housing property is in East New York, which is where much […]<\/p>\n","protected":false},"author":1,"featured_media":1129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing"],"acf":[],"_links":{"self":[{"href":"https:\/\/brownsvillenews.org\/index.php?rest_route=\/wp\/v2\/posts\/1128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brownsvillenews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brownsvillenews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brownsvillenews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/brownsvillenews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1128"}],"version-history":[{"count":0,"href":"https:\/\/brownsvillenews.org\/index.php?rest_route=\/wp\/v2\/posts\/1128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brownsvillenews.org\/index.php?rest_route=\/wp\/v2\/media\/1129"}],"wp:attachment":[{"href":"https:\/\/brownsvillenews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brownsvillenews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brownsvillenews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}