Opinion of: Yog Shrusti, Co-founder and CEO of Farmsent
Gourmets, take note: if you are in Bahrain, try Machboos, a chicken dish (sheep or fish) with rice. Ideally, opt for a place that serves it with fresh and local rosemary (really realizes the flavor!), And while you are there, do you think about this: how do you cultivate rosemary on a mainly arid islands where cultivating something is a challenge? The answer is vertical agriculture, and if you wonder what it has to do with something crypto, let me say to you: Web3 is what this miracle of an industry needs to be up to its true potential – and possibly ensure that we can continue as a species.
The advantages of vertical agriculture
It could be argued that vertical agriculture is also the response to challenges such as fertile soil degradation, which threatens to leave the planet with only tiny pockets of agricultural land by 2050. It could also help reduce global hunger, largely driven by fertile soil erosion, which makes food more accessible to millions of people. It is a simple equation: with less and less soil to go around, we need something that helps us grow in a tight space.
Just as simple is another equation. It is not difficult to see how much food will mean less food. Rarity increases the price, as web3 knows. Food will become more expensive, year after year. And when food prices are increasing, other things are also starting to collapse. “Transport as a species” could have been a little too dramatic, granted, but the link between the availability of food and social upheavals is clear.
Recent: How AI revolutionizes agriculture
That said, vertical agriculture is always trying to find its base. Regular growth pains, could say, will pass with more maturity and technological development, but the venture capital implore to postpone. The vertical farms, projects that could save the critical agricultural industry, find it difficult to collect funds. As these projects generally require a lot of initial investment, they can only turn to major funds, not smaller players. In other words, traditional capital, with its regular accent on short -term gains and lack of vision, fails an industry that becomes more vital every day.
Web3 has a solution.
Depines are the answer
Enter the tokenization. Let’s quickly see a success of another industry: automotive sharing. The vehicles are expensive, so a car -sharing service needs a lot of capital to extend its fleet. By token several teslas in its fleet, a Viennese car -sharing service increased 1.6 million euros with barely marketing expenses. This is obviously enough to bring a lot of new vehicles in the service without any loan of ready to watch. Can this approach also work for vertical agriculture?
Yes, a lot. The idea is roughly the same: you cut the income generated by a vertical farm and you allocate some to chip holders. As high -tech and often largely automated projects, vertical farms are well lend to tokenization, with their sensors and various other operational data for the hash machine for observability and intelligent contracts managing the distribution of rewards.
This allows the project to generate the initial liquidity necessary to deploy expensive equipment and cover other costs. The same goes for regular farms, which have already established customers and need funds to evolve and innovate. In this way, architects do not have to compete for the mercy of important VCS. They can bring their ideas to the global web3 community, which would consider them and support those that seem to be worth it. With this life buoy, vertical farms can reach the point where their efficiency makes it possible to compete with regular farms at all levels, and not in certain specific cases.
https://www.youtube.com/watch?v=fykm3ka_lzu
Blockchain technology adds another layer of transparency to the process. When everything takes place on smart contracts, you have clear visibility on sales and income generated by the farm. This would give the project donors a clear overview of its performance and allow them to make more informed decisions. In addition to that, onchain fruits and vegetables are much more traceable, allowing buyers to determine how their green vegetables come from their greens, which is good for ecological consumers and is also useful for the management of the supply chain.
The Movement Bringing Web3 in the real world industries and companies gathers around decentralized physical infrastructure networks (Depins), the hottest sector of web3, which also has the potential to become an agricultural superpowered. Imagine the roof gardens in each city, producing fresh food for local communities. With Depins, this dream is closer than ever. We are not only talking about cultivating lettuce; We are talking about rebuilding our food systems from zero for the long -term benefit of all humanity.
The future of food is vertical, decentralized and delicious. Let’s be moving!
Opinion of: Yog Shusti, co-founder and CEO of Farmsent.
This article is for general information purposes and is not intended to be and must not be considered as legal or investment advice. The points of view, the thoughts and opinions expressed here are the only of the author and do not reflect or do not necessarily represent the opinions and opinions of Cointellegraph.
