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Blockchain Nonprofit Creates $1B LUV NFT grant to help entrepreneurs access crypto capital

Fresh from lecturing about NFT real estate use cases at NFT.NYC 2021 Hahz Terry and his wife Dr. Candy who has a PhD in Metaphysics announce the first-ever LUV NFT grant in the amount of $1 billion. A year ago the married got frustrated with hearing and reading about the lack of pandemic relief support for entrepreneurs seeking capital and created a solution in the form of an NFT marketplace with no donations or investors. Hahz taught himself blockchain code in 6 months and Dr. Candy navigated the MetaVerse to create a new blockchain nonprofit model and dCommerce market called LUVNFT.com. Hahz’s first cousin is the legendary visionary Nile Rodgers, so being a trendsetter runs in the family. Hahz is currently trying to mint Nile Rodger’s upcoming album as a LUV NFT. The innovative nonprofit LUV NFT is in talks with minting NFTs for the upcoming Coogler-produced Hulu documentary Homeroom, Audio Mack, and UMG projects.

“My wife and I created a $1 billion dollar NFT grant to onboard entrepreneurs onto Solana blockchain, that will allow existing businesses to reduce their overhead and operate without a middleman payment provider. By accepting LUV NFTs for products or services businesses and freelancers can remove the middleman. Smart contracts allow players to earn a lifetime of royalties for the secondary sales of their LUV NFTs. Spread LUV the Brooklyn way.” Hahz Co-Founder of LUV NFT

NUMBERS DON’T LIE

With only 19% of the world currently using cryptocurrency, the average NFT seller makes $4-7k a month remotely. The average Axie Infinity player makes $500-800 a month playing a blockchain game due to the lack of jobs available in certain regions of the world.

LUV METAVERSE ECONOMY

LUV NFT Market created a trickle-up NFT barter economy for 3D LUVRS which is your virtual game’s character that can be seen on the social media profile of any player. Businesses no longer have to compete in the dCommerce LUV NFT Marketspace because unity and bartering will increase the value of LUV NFTs. 3D LUVRS operate as a united LUV Tribe of players working with each other and not for each other. All 3D LUVRS need to run their virtual business is a computer, LUV NFT Market for LUV NFTs, Solana wallet, and one social media platform LUV NFT Discord that has no algorithms. New limited edition 3D LUVRS themed collectibles will drop weekly giving players access to discounted NFT products and NFT services across the globe.

NFTS RULE EVERYTHING AROUND ME

In a couple of years, every asset will be tokenized in the form of an NFT, LUV NFT is the first dCommerce NFT market to usher in a new way of running a virtual business. Hahz and Candy will advise 3D LUVRS businesses for free all the way into the LUV MetaVerse in exchange for donations. To date, the spiritual couple rejected 22 investors and over $55 million to keep LUV NFT Market a nonprofit solution with public business accountability powered by blockchain technology. Silicon Valley has been predicted to be replaced by NFTs, LUV NFT expedites this new reality of helping entrepreneurs obtain crypto capital for purpose and not profit. Hahz & DR.Candy’s spiritual guidance can be felt on @LuvMetaVerse Instagram page, which already amassed 60k followers. The first step to running your business virtually is minting a 3D LUVR here. If you need assistance or want to learn more about the game join the LUV NFT Discord.

If you lost your job or your business has been affected by the pandemic of 2021, you can apply for a LUV NFT grant here. 

 

SEC Changes Rules, Making Fundraising Easier for Crypto Agency’s

[vc_row][vc_column][vc_column_text c_id=”.vc_1604616539791″ css=”.vc_custom_1604616539790{margin-bottom: 0px !important;}”]The U.S. Securities and Exchange Commission (SEC) has amended some exemption rules, making it easier for crypto companies to raise funds. The rule changes raise fundraising limits for Regulation Crowdfunding, Regulation A, and Regulation D’s Rule 504 offerings.

The SEC announced Monday that it has amended some rules pertaining to several exemptions. Among other changes, the regulator has increased “the offering limits for Regulation A, Regulation Crowdfunding, and Rule 504 offerings” and has revised “certain individual investment limits,” the announcement states. The amendments will be effective 60 days after publication in the Federal Register.

“We are increasing the maximum permitted offering amounts for certain exemptions,” explained SEC Commissioner Hester Peirce, also known as Crypto Mom. “By raising the offering limit under Tier 2 of Regulation A from $50 million to $75 million and the Regulation Crowdfunding offering limit from $1.07 million to $5 million, we seek to reduce the costs relative to the amount raised under these exemptions.”

[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_to_container”][vc_column][ultimate_spacer height=”90″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text c_id=”.vc_1604616579989″ css=”.vc_custom_1604616579989{margin-bottom: 0px !important;}”]Regulation A is an exemption from public offering registration; it has two offering tiers. Tier 1 is for offerings of up to $20 million in a 12-month period. Currently, Tier 2 is for offerings of up to $50 million in a 12-month period. Regulation Crowdfunding allows eligible companies to offer and sell securities through crowdfunding.

As for the third exemption, Commissioner Peirce described: “By increasing the Rule 504 offering limit from $5 million to $10 million, we seek to encourage more issuers to use this under-utilized exemption, to conduct regional multistate offerings, and to make use of state coordinated review programs.”

Currently, Rule 504 of Regulation D provides eligible companies with a registration exemption when they offer and sell up to $5 million of their securities in any 12-month period. Peirce remarked:

We are adopting targeted improvements to a regulatory scheme that unnecessarily hinders capital formation and unduly restricts investors’ opportunities to participate in economic growth.

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