On May 17, the 4947(a)(1) Haitian Captains Foundation, a 4947(a)(1) charitable trust, announced it has raised $5 million, sponsored by private equity firm Dargent Group. The Captain Haiti Foundation said the partnership aims to use blockchain technology “to address Miami's housing crisis and the ongoing gentrification of [Miami's] Haitian communities.” Nandi Martin, also known as Captain Haiti, serves as the foundation's Chairman, explained that the fund will work to help residents purchase land, family homes and commercial real estate in Miami's Little Haiti neighborhood. "By achieving only 5 percent of the success of the Wynwood Wall, our Little Haiti Wall program can attract 150,000 visitors a year , stimulate local businesses and expand cultural exchange."
As a first step, Martin will partner with Web3 music infrastructure provider Nusic to release a limited edition geolocated music non-fungible token collection, granting collectors preferred real estate purchase rights. Additionally, the Haiti Captains Foundation plans to raise $ 300,000 to beautify Little Haiti, With 30 percent of the funds going towards community cleanups, public art and greenery called the Little Haiti Wall.
Two years ago, Martin enlisted the support of Cardano founder Charles Hoskinson and Miami District Commissioner Jeffrey Watson to use blockchain to help revitalize the Little Haitian community. At the time, Watson offered $200,000 to 40 local businesses to import Haitian products, while Martin created Little Haiti Coin on the Cardano blockchain to offer discounts on Haitian imports.
Known for his outlandish shield-and-cloak attire inspired by Captain America, Martin has advocated against what he sees as growing gentrification in his neighborhood, which has led to unaffordable housing and immigration. legraph, Little Haiti Restoration Trust co-chair Ashley Toussaint wrote: "I implore your support to address this issue and help us preserve the Little Haiti Wall project, which plays a vital role in promoting cultural understanding and appreciation in our community. By doing so, we can ensure the art and culture of Little Haiti The legacy is preserved for future generations to enjoy and learn from."
