Nektar Media
19. Juni 2023
Nektar and the Innovation Alliance announce the launch of the Operation Jump Ball #OPJUMPBALL
The OPJUMPBALL or Jump Ball Program is a public-private-partnership program initiated by the Nektar IBC and the Innovation Alliance to facilitate and accelerate hyperbitcoinization through the implementation of the foundation of a bitcoin and blockchain financial infrastructure in the territory of members of the Innovation Alliance and, at the international level.
The program is part of the Agency Strategy Agenda for the 2023-2030 period. It was designed by Malick Maachi, Founding President/Managing Director of the Agency and the Managing Director of Nektar and will be implemented by the first elected Managing Director of the Agency followig its election Q1 2024. The Program was designed to assist members of the Innovation Alliance compete in the new global economy and, to support the Sustainable Development Goals and targets (SDGs).
The program promotes the deployment of multiple bitcoin and digital asset infrastructure projects using different operators, allowing for faster implementation in multiple countries.
The plan anticipates that many members of the Innovation Alliance will adopt bitcoin as legal tender and/or regulate digital asset trading services starting in the coming months but lack the talent and resources to observe and educate quickly, making fast approvals of legislations more risky and more costly than typical country strategy plans, but that the program will lead to the granting of initial licenses, permits and regulatory status within months and the availability of a legislative, educational, technical and financial foundation years earlier than typical timelines.
The main goal of the Operation Jump Ball is to :
“ deliver the foundation of the infrastructure that will outcompete traditional finance in Africa, Central and Latin America, with an initial implementation available by Q1 2024, and part of a broader strategy to accelerate hyperbitcoinization, create bitcoin denominated bonds and issue and list asset backed tokens available for trading and priced in bitcoin.”
This goal is supported by the belief that over time, there may be a role for bitcoin and these asset backed tokens to contribute to a more stable international monetary system.
Between 2024 and 2030, the Agency will focus on building a diversified portfolio of cryptocurrency, utility and asset backed token exchanges, banking and mining infrastructures, and connected and related services with members of the Nektar IBC.
These projects are named SDG Ventures and will be deployed in the territory of members of the Innovation Alliance and, at the international level. The name of these projects are inspired by the SDGs introduced by the United Nations, reminding stakeholders of the purpose and economic model of the Innovation Alliance which is to use a portion of the revenues of each SDG Venture to support youth using education, sports and health as a mechanism ( “Alliance Initiative” ) and to help countries adapt to technology changes using science, technology and innovation as a conduit ( “Agency Initiative” ). Both the Alliance and Agency initiatives ( “Innovation Alliance Initiative” ) draw their mandate from United Nations Resolutions towards the SDGs.
SDG Ventures will be financed by the International Innovation Fund ( “IIF” ) a fund owned by the Agency and funded by private, institutional and sovereign capital that will be established to finance the OPJUMPBALL.
Nektar and the Innovation Alliance are organizing closed meetings around the world with Heads of States, Ministers, investors and private companies in the bitcoin and blockchain tech ecosystem to discuss implementation of the OPJUMPBALL.
Full details of the OPJUMPBALL and the list of SDG Ventures, operators and participating countries will be announced during the Nektar Meeting organized with Heads of States and Ministers November 28 and 29 2023 in Dubai.
For more information about the program >>> #OPJUMPBALL
DOWNLOAD THE OPJUMPBALL FRAMEWORK FAQs