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Index Africa revealed that it is using part of the profits and indexing rewards gained from being a blockchain node operator on the Graph network to help finance philanthropic initiatives in rural areas across the continent.
Following a statement issued on Tuesday, Index Africa’s charity work is mainly based on the decentralized philanthropy (DePhi) which is a concept promoted by Silicon Kruger, a South African based innovation hub with the major aim of fostering web3 innovation in the region. Index Africa donates a certain percentage of its earnings from the Graph to the Good Work Foundation (GWF).
Good Work Foundation (GWF) is a nonprofit organisation that has been advancing digital literacy and science, technology, engineering and mathematics (STEM) learning in rural areas in Africa for a period of over 15 years. They plan to take care of the tuition fees of 350 students in these digital and stem courses.
This will aid in the learning of digital and Stem courses as well as reduce the level of illiteracy in these rural areas. By giving people in these rural areas the right tools a lot can be achieved in the tech world.
According to Index Africa and Silicon Kruger, the DePhi initiative is a part of their shared efforts to hasten foundational web3 learning and assimilation in Africa through The Graph Network, a blockchain indexing protocol.
Index Africa is the first African node operator, the first of its kind on the Graph and is also an organisation under the Silicon Kruger umbrella.