Author: Dare Afolabi

In the last story we published on The Converge II virtual event, we looked at the application of the web3 technology as discussed by Chuta Chimezie. The massive growth in the rate of cryptocurrency transactions within Africa in can’t be overlooked with an indication of an over 55% increase in the last few months. This is quite huge and it continues to reaffirm that the African continent is already embracing mobile money with an inclination towards the virtual currency. This development has also come up with a lot of advantages for the teeming youth population that is tech-savvy. In all…

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Publishers who own websites and mobile apps get paid when adverts displayed on their platforms are clicked thus advertising has been a major source of revenue for online platforms as advertisers tend to leverage the digital power in reaching a wider audience as compared to the traditional means of promoting goods and services. AdNaira an online advertising media agency that connects advertisers to their target audience through high-traffic websites and apps in Nigeria has indeed leveraged the power of digital to help publishers earn. However, beyond publishers, the end-users i.e visitors to these platforms can’t be left out of this…

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In the last story we published on The Converge II virtual event, we commenced with Chuta Chimezie’s opening speech where he gave a breakdown of the role of blockchain in the web3 application. In today’s article, we would explore the applications of blockchain to the web3 technology as stated by Chuta. Distributed Financial Services According to Chuta, Web3 frameworks can be used to decentralize finance applications. This means that you can build financial tools and services that won’t be dependent on central services, or any other services that encourage the use of a middleman. “Again, that’s another huge opportunity doesn’t…

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Blockbuild a blockchain media platform some weeks ago hosted the second edition of The Converge II, a quarterly Blockchain and Crypto meetup. The virtual event focused on “The Economic implications of e-Naira and Cryptocurrencies on Nigeria’s economy”. Blockbuild would be dishing out to you all the engagements of the speakers at the virtual event. Today, we commence with Chimezie Chuta, the Founder and Coordinator of Blockchain Nigeria User Group who also doubles as the Vice-chairman of the Blockchain Industry Coordinating Committee of Nigeria. Over the last 5 years, Chuta has been involved in the blockchain ecosystem development, fostering policymaking and…

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Oftentimes, when the name Elon Musk pops up on social media, it is most likely that the Tesla billionaire is driving his space travel agenda or has just dropped his thoughts on a certain cryptocurrency. However, this time around, the social media space took a different turn when the Executive Director of the United Nations World Food Programme, (WFP) David Beasley had a feud with Musk over how funds allocated to NGOs are accounted for. Sometime in October, Beasley on Twitter congratulated the Tesla billionaire after he had surpassed American billionaire and Amazon founder, Jeff Bezos as the richest man.…

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The Converge II a quarterly Pan-African Blockchain and Crypto Meetup by Blockbuild.africa is set to hold virtually on Wednesday, November 24, 2021. You can register here to participate. The virtual event with the theme, “Economic implications of e-naira and cryptocurrencies on Nigeria’s economy”, aims to discuss the possibilities and issues of e-naira by the Nigerian government and also how the resources from crypto transactions can be channelled into the economy. Ultimately, The Converge II would explore how we can foster collaborations between the blockchain ecosystem and the Nigerian government to explore blockchain solutions and policies that benefit both parties. The…

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Nestcoin wants to unlock the wealth-building opportunities of crypto for Africans Nestcoin is a new, innovative venture with a mission to democratize access to economic opportunities by demystifying cryptocurrency, making it simple and accessible to everyday people, primarily in Frontier markets. DeFi & Blockchain. Bitcoin & Altcoin. DAOs & DApps. NFTs – do any of these sound alien to you? If so, you’re not alone. While there is constant innovation and wealth creation taking place in the ‘crypto-verse’ today, the majority of the world’s population are unable to discern what any of it means and how it can apply to…

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The SHIB token dropped by 20% after  Elon Musk disowned having a stake in the coin after it has made waves following all-time high to tag a local top of $0.000044. Musk’s tweet has caused a stir in the crypto world. Sellers take profits at an all-time high. But Musk’s reply quickly leads to another 10% drop for $0.000035. Ever since the tweet, the SHIB token  has varied around $0.000035 and $0.00004. Although, Elon Musk’s reaction was different counter-reactions with different stands. According to Shibarium statement, He said: “It is a community project. There is no need to ask some people…

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Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has today secured $1.7mn in funding to address the heavily underserved banking needs of local entrepreneurs, traders and fast-growing businesses. The financing round sees participation from Olugbenga ‘GB’ Agboola (Co-Founder of Flutterwave), Ezra Olubi (Co-Founder of Paystack, acquired by Stripe), Hustle Fund, Acuity Ventures, Uncovered Fund and Ventures Platform. The new funding will play a key role in accelerating Brass’ expansion into South Africa and Kenya – just a year after launch, and will kickstart a range of new product categories,…

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Agreement to support greater financial inclusion among unbanked in Nigeria Pan-African fintech startup and digital bank Carbon has partnered with Network International, the leading enabler of digital commerce across Africa and the Middle East, as part of its plan to boost its digital payment offering. Under the agreement, Network International will issue and process physical Visa debit cards on behalf of Carbon, enhancing the bank’s offering to customers. True to Carbon’s mission of empowering all people with the financial access they need to pursue a life of dignity and prosperity, the collaboration will support financial inclusion among the unbanked and…

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