About
Our Vision at AFOMA
A community driven ecosystem with a social impact
The Creative Manufacturing and Handmade Sector Challenges in a Post-COVID-19 Era
With the impacts of the COVID-19 pandemic, the creative manufacturing and handmade (CMH) sector, saw much of their business come to a standstill. More concerning, is the fact that in the years prior to the pandemic, we have seen heritage skills being continuously erased by offshoring with no end in sight.
As the world economy starts to recover, the overall long-term growth outlook for the creative manufacturing and handmade (CMH) sector is very positive. According to the Powered By People report, with more than $500 billion in annual revenue last year, the global CMH sector is set to grow by 20% per year reaching $1 trillion by 2024.
However, if we continue to see an upward trend in retail buyers who source handmade goods largely from mass production facilities (B2B model adoption), the CMH sector, which is broadly dominated by a workforce of women, youth and rural populations will suffer. CMH is already the second-largest employer globally (after agriculture), but the sector has been chronically under-served by a lack of investment, digitization, access to business finance and global markets.
AFOMA
Our Value Proposition
AFOMA will advance responsible crypto innovation in the field of social impact and humanitarian aid through an ecosystem that will enable marginalized artisans and artists operating in the CMH sector.
This will be achieved through three pillars within this ecosystem that achieve the following goals:
Social Impact
Ecosystem
A decentralized social impact ecosystem
SELLITIC
Artisanal marketplace with AFOMA rewards for your purchases, referrals, curation and other contributions.
ORUVAN
Curated digital art NFT marketplace for traditional art powered by AFOMA (OMA) tokens for artisans and artists.
afomaland
Metaverse dedicated to artisans and artists which includes, artisanal districts, shopping , entertainment, culture and games.
Blockchain
AFOMA Wallet
An intuitive solution for a complex problem.
The AFOMA Wallet & Mobile App
The AFOMA Wallet will be made available as a mobile-based and browser-based non-custodial wallet. The AFOMA Wallet prevents address reuse and is used for voting on governance proposals.
State of the art crypto wallet integrated with banks, credit cards, DEXs, and mobile payments. The AFOMA wallet includes these features: multi-crypto currency support, non-custodial wallet with secure access to a private key, integration with popular DAPPs and the SELLITIC marketplace.
Read MoreDocuments
Litepaper
Advancing the Future of Market Access and Seeding
an Equitable Future
Download Litepaper
A fast-growing population and unemployment has the potential of precluding the efforts to eradicate poverty across Africa and in many other developing countries.
The early 2000s brought Internet technology to the mainstream leading to the growth of e-Commerce. This opened doors for many marginalized producers to access markets at an unprecedented rate. While this has had an impact in creating a better world, it has not eliminated frictions in payments and supply chain. The margins remain low for a large proportion of artisans across the world still struggling with poverty.
The advent of blockchain technology and token-based models promise to create a much more equitable world for the unbanked and less privileged population.
Documents
Onepager
The Next-Gen Commerce Protocol
Download Onepager
What is AFOMA?
AFOMA is a technology driven organization that leverages a utility token designed and built to drive social impact through an ecosystem that promotes marginalized artists and artisans across the globe.
Value Proposition
To enable artists and artisans to scale beyond their local economy for developing regions such as Africa, through a social impact ecosystem that includes the world’s first blockchain integrated multi-vendor artisanal marketplace, NFT factory and Metaverse. In addition, contributing towards the sustainable development goals that includes poverty alleviation for people and communities we are engaged with.
Ecosystem
SELLITIC, ORUVAN, afomaland
Implementation
Roadmap
Roadmap to Success and Prosperity
Experienced
The AFOMA Team
AFOMA is created by a team of seasoned individuals with diverse experiences across emerging technologies,
legal, e-Commerce, marketing, business, finance, academic and not-for-profit fields, with a truly decentralized organizational model.
