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
Many crypto traders in Africa who frequently use FTX platforms have been shocked and unable to withdraw their funds after an unexpected collapse. FTX’s collapse hits Africa hard The cryptocurrency exchange FTX filed for bankruptcy earlier this month, and its CEO, Sam Bankman-Fried, decided to step down from his position. Once valued at $32 billion, FTX, the platform is now valued at nothing with mountains of debts. According to TechCrunch, over 100,000 Africans used FTX to convert their local currencies to dollars and to bump up their savings. This was
In June, Solo Ceesay, a 27-year-old first-generation immigrant, spearheaded a $26 million raise for Calaxy, an open social marketplace he co-founded with NBA star Spencer Dinwiddie. At the time, only 8% of VC funding had gone to Black startups. In this thought piece, Ceesay breaks down why funding for Black founders continues to fall short, despite efforts to turn things around. In Q3 2022, Black entrepreneurs raised $187 million in venture funding, equating to merely 0.12% of the $150.9 billion that venture capitalists deployed in totality. This figure is severely
