NexaCrowd: Case#1 Save Jpn Milk Crisis

Case Study: In recent years, Japanese milk farmers have faced numerous challenges such as volatile milk prices, increasing production costs due to the war and covid crisis, and the pressure from the government to increase the supply that happned pre-covid. As a result, since schools were closed and milks were not consumed, many small to medium-sized dairy farmers are struggling to maintain their operations and support their families. 1/3 of milk farmers in Hokkaido has shut down their businesses. The ones that are alive, the situation is still doomed---the government decided to offer $1000 (15 man yen) for farmers to kill their milk cows in order to decrease the supply. Tons of milks are being disposed yet government also has their own business, which is diplomatic import business. They do not want to fully depend on domestic milk supply. Government, consumers, everyone has a bit of responsibility but no one is here to save farmers and cows.

The Web3 Crowdfunding Solution:

Web3 crowdfunding offers a promising alternative to help milk farmers overcome their financial challenges. By leveraging blockchain technology and decentralized finance (DeFi) platforms, crowdfunding campaigns can be created to raise funds for these struggling farmers, as well as launching new project such as exporting, and find all the necessary stakeholders in order to execute.

Some benefits of using Web3 crowdfunding for milk farmers include:

Direct support: Donors can contribute directly to the farmers they want to support, eliminating intermediaries and ensuring that the funds reach the intended recipients.

Global reach: Web3 crowdfunding campaigns can attract donors from around the world, providing a larger pool of potential supporters and increasing the chances of a successful campaign.

Transparency and trust: Blockchain technology ensures that all transactions are transparent, secure, and easily traceable, allowing donors to see exactly how their contributions are being used.

Speed and efficiency: Funds raised through Web3 crowdfunding campaigns can be transferred quickly and securely, allowing farmers to access the financial support they need without waiting for government assistance. Right now at this moment, milk farmers are quitting their jobs. On Twitter you can meet farmers selling all their cows and exiting their business every month, every week. The problem cannot go through beurocratic structure, it needs an immediate help.

Token rewards: As an added incentive, farmers can offer unique tokens or non-fungible tokens (NFTs) to donors as a form of reward, further encouraging support for their cause. This is an advantage of our everything-marketplace, that they can consult, choose solutions, fundraise, recruit, generate NFTs and sell.

We have made stimulative frontend with smart contract that can be associated with NFTs and will enhance more sales for the users who are going to use our platform. Namely, we built functions and pages: -Crowdfunding project Mockup -Marketplace : NFTs and Jobs -Case study story -Wallet -Create Project Page -NFT product page

In conclusion, Web3 crowdfunding offers a modern and efficient solution to help milk farmers navigate the challenges they face. By harnessing the power of blockchain technology and decentralized finance platforms, we do what the government cannot/will not do. This is the philosophy of web3, and NexaCrowd represents it.

This project is built using React(Nextjs), and Tailwind. Metamask API was called and activated upon click. chatGPT API is being stored and ready to be unlocked (it is now simulated as hardcode) For generating QR codes, the project uses the 'qrcode.react' package, which will allow user to purchase product from associated convinience store and get NFT sticker (samples were created and printed out). We stored NFTs on IPFS, data on thegraph, and using polygon.