mass adoption project of the year: 5ire wins the AIBC 2022 ‘Social Impact Project of the Year’ award

Synopsis

5ire is founded by two entrepreneurs of Indian origin, Pratik Gauri and Prateek Dwivedi, along with crypto financier Vilma Mattila from the United Kingdom.

ET CONTRIBUTORSFounded just a year ago, in 2021, 5ire race beat industry behemoths including Meta (erstwhile known as Facebook) and The Sandbox.New Delhi: 5ire, a 5th generation blockchain network, has bagged the AIBC Asia’s ‘Social impact Project of the Year’ award held in Dubai, the United Arab Emirates on March 20th, 2022.

5ire is founded by two entrepreneurs of Indian origin, Pratik Gauri and Prateek Dwivedi, along with crypto financier Vilma Mattila from the United Kingdom.

Appreciating the winners, AIBC underlined the importance of Social Impact, saying, “The stronger our ties develop, the more powerful blockchain becomes.”
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Mass adoption initiatives are critical to the global infrastructure, the ‘Social Impact Project of the Year’ award will recognize projects that are utilizing blockchain technologies and, as a result, boost adoption and strengthen the community as a whole, it added.

Founded just a year ago, in 2021, 5ire race beat industry behemoths including Meta (erstwhile known as Facebook) and The Sandbox.

Clinching the award, 5ire’s CEO and Co-founder Pratik Gauri said, “This is a significant recognition of our standing as the first sustainable level 1 blockchain and is a testimony to the market confidence in our offering. This is a humbling moment for the founding team, as this shows that we are on the right track.”

5ire has been working on the United Nations’ (UN) sustainability goals and has partnered with nations across three continents as a major step in this direction.

By signing MOUs, 5ire has taken this first step in the public-private partnerships in India, Nigeria and the United States to bring their technological solutions for sustainability, better governance and transparent law enforcement.

“I am truly humbled and have been given the mandate for finding synergies in how we further promote our vision of ‘For-benefit’ ventures in the 5ire ecosystem to transition the world”, said Prateek Dwivedi, CMO and co-founder of 5ire.

5ire is a sustainability-focused Layer 1 blockchain project, complete with its ecosystem featuring an exchange, a wallet, an NFT marketplace, as well as a venture capital fund to help grow other sustainable blockchain projects.

It claims to be India’s first and only Layer 1 blockchain project. Layer 1 refers to a base network and its underlying infrastructure. Such blockchains can validate and finalize transactions without the need for another network. Presented By

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Updated: 03/29/2022 — 21:00