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Crypto

Young Black people are more likely to invest in stocks than their white counterparts, according to a recently published survey by Ariel Investments and Charles Schwab. The survey, conducted in 2022, found that 68% of Black respondents under 40 invested in the stock market, compared to 57% of white under 40s.  More Black Americans Investing In Stock The 2022 survey compared Black and white survey respondents with an average household income of $99,000 and $106,000. The study found that overall, the stock market participation is higher among younger Black Americans,

Blockchain research and development lab Polytope Labs aims to transform Africans from consumers to creators in the blockchain space.  Founded by Nigerian engineers Seun Lanlege and David Salami, Polytope Labs’ first product is Hyperbridge, a cross-chain protocol designed to facilitate secure communication between blockchains. Africa’s Crypto Adoption and Consumption African countries have some of the highest rates of grassroots crypto adoption among everyday people. However, the continent has mostly been a consumer rather than a builder of blockchain technology.  Lanlege drew on his experience of helping to build the Ethereum and Polkadot networks to establish Polytope Labs with David

Pryce Adade Yebesi is the 23-year-old co-founder and COO of Utopia Labs, a startup on a mission to bridge the gap between crypto and traditional payment systems, and ultimately, create a new internet economy. Recently, Utopia Labs raised an impressive $23 million, making Yebesi one of the youngest Black founders to achieve such a milestone. Driving the adoption of crypto payments Utopia Labs’ founders Pryce Adade Yebesi, Kaito Cunningham, Jason Chong, and Alexander Wu first met on Discord and Twitter. The quad was brought together by an interest in Decentralized

Renowned tennis champion Naomi Osaka has forayed into the world of digital fashion in a new partnership with Meta Avatars. Osaka has unveiled her flagship digital apparel collection that showcases her unique sense of style which she describes as “eclectic, unpredictable, yet comfortably cool.” The collection launched on Wednesday with five outfits that draw inspiration from her Haitian and Japanese heritage, her love for tennis, her media company Hana Kuma, and even her beloved dog Butta. “Being able to take trends from the real world and translate into the metaverse

Basketball legend Shaquille O’Neal, who had been evading process servers for months, was served with two complaints during a game between the Miami Heat and Boston Celtics at the Kaseya Center—formerly named the FTX Arena. The complaints are related to his involvement with the now-bankrupt crypto exchange FTX and second NFT venture with his son. The process server, who O’Neal later kicked out of the venue, captured the event on film to eliminate any ambiguity, attorney Adam Moskowitz told PEOPLE. FTX Class Action Lawsuit One of the complaints against O’Neal

Following Rihanna’s iconic Super Bowl LVII halftime performance, anotherblock‘s non-fungible token (NFT) collection of the track sold out in minutes. Now, the Stockholm-based web3 music startup has secured €4 million ($4.3 million) in funding to continue its work of redefining music ownership. Achieving triple platinum status upon its release, BBHMM gained new virality after Rihanna performed the track at the Super Bowl LVII halftime show. Jamil “Deputy” Pierre, a co-producer on Rihanna’s BBHMM, linked up with anotherblock to sell 0.99% of his streaming royalty rights to the song as 300 NFTs

Stemuli, a Black woman-owned edtech company providing AI-driven game-based learning through its educational metaverse, has announced the merger of infinity.careers and Oppti into Stemuli. Immersive education A lack of engagement in K-12 classrooms today is resulting in math and science scores being at an all-time low. This creates long-lasting negative impacts not only for the students themselves but also for their communities and the national economy. Stemuli reports that we facing a loss of $8.5 trillion in potential earnings because students are not prepared for the workforce that awaits them.

Looty is the anonymous collective digitally capturing 3D representations of looted artifacts, repatriating them in the metaverse. For centuries, museums and private collections around the world have been home to thousands of stolen artworks. With many attempts to return these pieces failing, digital entrepreneur Chidi Nwaubani is taking a different approach: digital repatriation. ‘Relooting’ Art Nwaubani is the founder of Looty, whose anonymous collective visits museums to digitally capture 3D representations of looted artifacts. The artifacts are housed in virtual museums in the metaverse and repatriated to their places of

MNFTM has officially launched its premier Web3 NFT marketplace platform for Black and brown creators globally.  The world’s first NFT marketplace for Black and ethnically diverse creators The NFT Marketplace will be the world’s first-ever platform created explicitly for Black and ethnically diverse creators. The initiative hopes to address the gap in the market by providing a ground-breaking space where equality and collecting can co-exist in the digital realm.  Founded by CEO Ed Ukaonu, the marketplace will work to represent all voices in the evolving digital economy. The platform’s business model focuses

Several Black celebrities are facing lawsuits and investigations for promoting FTX, the crypto exchange that collapsed earlier this month, costing US investors $11 billion in damages. A Texas regular is investigating Steph Curry, among others, over payments received to promote FTX, as well as any disclosures made to determine whether any unlawful practices took place. “We are taking a close look at them,” Texas State Securities Board’s Joe Rotunda said in an interview with Bloomberg News. Rotunda emphasized that the celebrities under investigation “aren’t the most immediate priority [but] they’re

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