SPOTLIGHT: Kula DAO
What is Kula?
KULA is a unique way of investing in a diversified portfolio of real-world physical assets.
This can range from natural resources such as gold, limestone and agricultural land, to commodities such as coffee and wheat.
In exchange for an equity stake or a pre-negotiated financial return, investments are made in undeveloped projects and worldwide emerging markets. It will soon be moving towards its initial exchange offering (IEO) in the coming months.
With the use of blockchain technology, all investment information is made available for public view and, in doing so, reduces risk to investors.
Kula leverages the profitability associated with the extraction and commercialisation of its investments, benefitting both its investors and local community members. Investors receive a return while local community members are included in profit sharing and governance, where they get to vote on decisions that can impact both their lives and livelihoods.
Blockchain technology allows Kula to benefit investors, clients and local community members alike, aligning the interests of all stakeholders and creating shared value.
Who is behind Kula?
Micah Yeackley
Micah Yeackley has spent several years immersed in blockchain research.
In 2019 after helping friends and family invest in cryptographic assets he founded one of the first cryptographic brokerages in North America.
The business now manages more than $500 million USD of custodian assets for more than 100 clients all over the world.
Before his work in cryptographic investments Micah completed a career in the US military.
Samuel Chen
Samuel Chen is deeply passionate bringing emerging technologies into the mainstream business world.
He has experience applying artificial intelligence and data science in hedge funds, trading both derivatives and cryptocurrencies.
He is interested in using blockchain, among other emerging technologies, for the greater good.
He also has a background in physics and economics, and holds holds a BS in Physics and a BA in Business Economics from UCLA, as well as a M.Eng. in Applied Physics from Cornell University.
Chris Turner
Chris Turner has has notched up more than 20 years working in the developing world, consulting with most of the multilateral aid agencies in Asia, Africa and the Middle East.
He is wholly committed to the integration of emerging technologies as solutions to solve some of the world's most pressing issues.
Obtaining his BA in Anthropology from SOAS, London, and an MA in Public Health from the University of London, Chris also has a PhD in Organisational Development.
What's the story so far?
Bekazulu Mining Ltd
Memorandum of understanding has been upgraded to a signed contract with Bekazulu Mining LTD. This secures a 14% equity stake in a limestone concession in the Eastern Province of Zambia. This contract, along with the feasibility report, exploration report and samples, have been added to OpenSea as an NFT for transparency.
Rexil-Agrotech Malaysia
KulaDAO has signed an MOU with with Rexil-Agrotech Malaysia, a leading agricultural and nano-technology company, on the Kakus Timber Project. This initiative aims to revitalize the timber industry in Bintulu, Sarawak, Malaysia through sustainable reforestation practices.
The MOU has been added to OpenSea as an NFT for transparency.
GTD Mining Ltd Zambia
A Memorandum of understanding has been signed between Kula and GTD Mining Ltd. This MOU relates to an emerald concession in Zambia that plans to onboard with Kula as a RegionalDAO.
The MOU has been added to OpenSea as an NFT for transparency.
GTD Mining Ltd & Aurodragon PTE Ltd
Three MOUs have been signed with Gold Concessions in Zambia and Indonesia. One MOU has been signed with GTD Mining Ltd and the third with Aurodragon PTE Ltd.
Both MOUs have been added to OpenSea as an NFT for transparency.
GTD Mining Ltd
An MOU has been signed with an agricultural project with GTD Mining Ltd.
The MOU has been added to OpenSea as an NFT for transparency.
Why do I need Kula?
Kula is a new wave of crypto investment.
Blending together the best of TradFi and DeFi providing diversified portfolio of real world assets.
Similar to a private equity model, as each of Kula’s regional assets (ie a gold mine) reap profits, these reflect in the token.
What makes Kula different is that is has already signed multiple contracts and MOUs, securing regional assets on its books worth several hundred million dollars before its launch.
What's the latest news about Kula?
Kula integrates with Fireblocks to enhance security and accessibility of Kula tokens
BY leveraging Fireblocks -an enterprise platform for building blockchain applications and managing digital asset operations - Kula is pioneering the digital asset landscape through its innovative approach to the governance and tokenisation of Real-World Assets.
Read more HERE.
Co-founder Chris Turner's full keynote at the Mansion House Summit
Watch Chris' full speech at the last Mansion House Summit hosted by The Digital Commonwealth... HERE.
How do I get in touch with Kula?
As well as contacting Kula DAO through the website's Contact Us page, you can also find them on YouTube, Instagram, LinkedIn, Facebook, X (formerly Twitter), Medium and Telegram.
Can I view the Kula DAO whitepaper?
Yes, the whitepaper for Kula DAO is available HERE.
