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Stellar Development Foundation's 'Stellar Aid Assist' Nominated for 'Best Use of Web3' in the 28th Annual Webby AwardsFans can vote online now through April 18th to help SDF win the Webby People's Voice Award SAN FRANCISCO, April 10, 2024 /PRNewswire/ -- The Stellar Development Foundation (SDF), the nonprofit organization supporting the development and growth of the Stellar network, today announced that its Stellar Aid Assist solution has been nominated for "Best Use of Web3" in the 28th Annual Webby Awards. Hailed as the "internet's highest honor" by The New York Times, The Webby Awards, presented by the International Academy of Digital Arts and Sciences (IADAS), is the leading international awards organization honoring excellence on the internet. Stellar Aid Assist provides organizations, such as the United Nations High Commissioner for Refugees (UNHCR), a blockchain powered option to easily and efficiently disburse aid at scale during times of crisis. A first-of-its-kind blockchain solution, Stellar Aid Assist powers instant, transparent, and low-cost transfer of funds in bulk to thousands of recipients — even if they don't have bank accounts. UNHCR, for example, has delivered over $2 million in aid to individuals displaced and impacted by the war in Ukraine through the solution since its pilots launch in December of 2022. "Nominees like the Stellar Development Foundation are setting the standard for innovation and creativity on the Internet," said Nick Borenstein, General Manager of The Webby Awards. "It is an incredible achievement to be selected among the bes from the nearly 13,000 entries we received this year." In addition to blockchain technology, Stellar Aid Assist leverages the capabilities of USDC stablecoin issuer Circle, money transfer company MoneyGram International, and digital wallet provider Vibrant, in order to make seamless disbursements possible. As a nominee for "Best Use of Web3," SDF's Stellar Aid Assist is also eligible to win a Webby People's Voice Award, which is voted online by fans across the globe. Supporters can cast their votes online from now until April 18th. About Stellar About The Webby Awards View original content:https://www.prnewswire.com/news-releases/stellar-development-foundations-stellar-aid-assist-nominated-for-best-use-of-web3-in-the-28th-annual-webby-awards-302113356.html SOURCE The Stellar Development Foundation |