SEATTLE, May 25, 2022 /PRNewswire/ — In 2020, KaJ Laboratories pledged $50 million over 10 years to nonprofits that support racial and social justice. On the second anniversary of this pledge, KaJ Labs announced that the organization will distribute a portion of its 2020 campaign funds Social and Racial Equality Justice commitment to the NAACP and the National Homelessness Law Center.
Distributions will be made in Litho and USD fiat. The monetary awards also coincide with the 2nd anniversary of the murder of George Floyd on May 25, 2020. KaJ Labs has pledged to award $50 million over 10 years to African American nonprofits working to bring about fundamental change .
KaJ Labs will allocate an additional $40 million over 10 years to nonprofit groups working for racial justice and equity in the United States. The funds will come from Litho’s social responsibility vault.
“I think blockchain, especially true DeFi applications, will play an important role in removing bias in many of our daily human interactions,” said Joel Kasr. “By creating decentralized, trustless services and products, we truly believe we can eliminate biases from lending, leasing, short-term credit, fundraising, investing, and many other areas of business. activities that have an impact on our daily lives.
KaJ Labs launched the Lithosphere.network to solve several bottlenecks that hinder the adoption of mainstream Web3, but also as a way to fight deep-rooted prejudices and empower underrepresented communities globally. This donation reaffirms KaJ Labs’ commitment to social justice and equality, as well as Lithosphere’s position and Litho’s allocation to social responsibility causes and philanthropy.
Lithosphere’s first distribution of funds to the NAACP and the National Homelessness Law Center is part of its ongoing commitment to social and racial justice causes. The platform will provide donors, volunteers, and nonprofits with greater accessibility, more flexibility, and faster transactions to advance social justice and equity missions.
About KaJ LabsKaJ Labs is a decentralized research organization focused on artificial intelligence and blockchain technology. We are driven to create innovative products that work for the greater good around the world.
About the lithosphereLithosphere is a next-generation platform for decentralized cross-chain applications powered by AI and Deep Learning.
Media inquiriesJuliet N. Phone: (707)-622-6168 Email: [email protected]KaJ Labs Foundation4730 University Way NE 104-#175Seattle, WA 98105Website: https://kajlabs.orgWebsite: https://lithosphere.network
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SOURCE KaJ Labs