Floki Inu, a project that started as a memecoin but has now turned into a utility token, has revealed its plans to build a new school in India.
The announcement pointed out that India faces "challenges in ensuring access to quality education" due to its large population.
With this initiative, Floki continues its mission to support educational development worldwide. Floki has previously successfully launched educational projects in developing countries such as Nigeria, Laos, Guatemala, and Ghana.
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Floki invited local non-governmental organizations to partner with it on this project, highlighting a collaborative approach that will ensure the project's success.
The previous schools had multiple blocks of classrooms, including a dedicated computer laboratory.
Such projects are part of Floki's effort to promote crypto and metaverse education, aiming to increase adoption and literacy in these emerging fields.
By building this school in India, Floki hopes to replicate its past successes and make an impact on the local education system. The company's focus on combining traditional education with advanced technological subjects underscores its innovative approach to education.
FLOKI's value increased after the initiative was announced; however, at the time of writing, it has dropped by 4.29%. It is currently the fifth-largest memecoin, with a market capitalization reaching over $2.5 billion.
In other news, market maker DWF Labs has recently announced its plan to invest $12 million in FLOKI tokens to support the Floki ecosystem.
