Farmers, investors seek to expand blockchain platform for token farms
Farmers, ranchers, and other agricultural and ranching companies are looking to use blockchain technology to expand their businesses, in an effort to make payments on a distributed, immutable ledger.
According to a report from the Financial Times, token farms, which have already cropped up on social media, are looking for investors to help them secure funding and set up token sales.
The report cites a number of examples of token farms in the US, where the founders and employees of some of the companies are raising funds through token sales to expand.
Ranchers are also seeking to expand, with the number of token sales growing.
The most popular examples are the Green Bamboo Token (GBT) and TokenVenture (VT), which are raising $5 million each.
TokenVenture, which raised $5.6 million in May, is using a blockchain platform to offer farmers a way to earn money from their land.
GBT is working with farmer farmers around the world to increase their value and offer a new way to pay for land.
“The blockchain is an innovative platform that is enabling farmers to make better payments and provide a new model of farming,” GBT CEO and co-founder Mike Zagorsky told Bloomberg.
“We are seeing farmers with a growing number of small and medium-sized enterprises (SMEs) looking for new ways to generate revenue.”
Rancher farmer Mike Zagar, from California, who has raised nearly $1 million for the GBT, told Bloomberg that he hopes to build a farmer’s farm that will allow farmers to sell their land for profit to a farmer.
“My goal is to build the largest agricultural farm in the world,” he said.
Another farmer, who asked to be identified as Sam, said he hopes the token farms will help the industry to become more transparent and accessible to all, and that he wants the blockchain to help farmers earn more money.””
I’m looking for people to invest in this project to give me access to the technology that I need.”
Another farmer, who asked to be identified as Sam, said he hopes the token farms will help the industry to become more transparent and accessible to all, and that he wants the blockchain to help farmers earn more money.
“I believe the future of agriculture will be based on blockchain, but it will take some time before we are able to use the technology to change the way we manage our land,” Sam said.
Zagorskys and Zagar also said they are open to other ideas for token farming.
“If you want to do this on a large scale, we are open,” Zagar said.
“But we want to start small, and we want farmers to be compensated for their efforts,” Zagersky added.