You should probably know what NFTs are by now since these three-letter words have been floating around our headlines, Twitter timelines, and TV screens for the past few weeks now. But for those of you who are behind on this latest trend – we’ll let you off and give you a little reminder. What is an NFT? NFT means a Non-fungible token. The best explanation I’ve seen for it is “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is
Social Chain founder Steven Bartlett and Furqan Rydhan, founding CTO of Bebo and AppLovin, have just launched a software startup for web3 projects. Announcing the news on Twitter, Barlett said: “BIG NEWS: Today I’m announcing the launch of my new company, third web! Web3, NFT’s, and blockchain technology is going to impact every single industry and every single job. “We’ve built the platform that makes it incredibly easy to build web3 applications in a matter of clicks.” Thirdweb reportedly launched its free tools three months ago for developers to build,
According to Inc, Black founders reportedly raised nearly $1.8 billion in the first half of 2021, more than four times the capital raised the same time last year. And stats released by Crunbase showed that Black startup owners raised $400 million in the first six months of 2020 and are already exceeding full-year funding totals for 2020 and 2019 when they raised $1 billion and $1.4 billion. Founders from the community are said to have raised “record amounts of venture capital” in 2021. Still, if we dig a bit deeper, the
Nyla Hayes, the creator of the Long Neckie Collection, a non-fungible token (NFT) collection worth about $3.4 million in digital currency — has just been announced as TimePieces’ first artist in residence. This is a pretty big deal for someone who is just 12 years old. Nyla is breaking down boundaries and leading the way for young Black people in tech. POCIT has simplified what her role actually means and a bit more about the young creator. Who is Nyla? Nyla Hayes is the 12-year-old creator of the Long Neckie Collection, which features diverse
Meta4 Fund Management, a cryptocurrency-focused investment management company, today announced the launch of Meta4 NFT Fund I, LP, an investment vehicle that will buy rare specimens of non-fungible tokens. The Fund’s Managing Partners are Brandon Buchanan and Nabyl Charania. The new private investment fund has secured a lead investment from Andreessen Horowitz (a16z) a venture capital firm that backs bold entrepreneurs building the future through technology. It comes at a time when NFTs have become the most interesting, entertaining, and lucrative subsection of the cryptocurrency asset class. The Fund will invest in digital
Singer-songwriter Mariah Carey has teamed up with cryptocurrency platform Gemini to inspire more women to get into investing. The app founded by Cameron and Tyler Winklevoss helps people buy, sell, and store their bitcoin and cryptocurrency. The star will be gifting fans $20 in the form of bitcoin when users sign up with the code “MARIAH.” A portion of the trades will be allocated toward Black Girls CODE, a nonprofit on a mission to train one million Black girls on coding to increase their involvement in the digital arena by 2040. “It’s
Coinbase and UnitedMasters, a company that distributes music, have signed a deal to allow artists to receive their payments in cryptocurrencies. The Black-owned company, founded by Steve Stoutes, is now one of the first to offer, according to a report by Bloomberg. The partnership’s goal is to “empower independent artists by giving them transparency, equity, and control over their earnings.” Payments are set to be made through Coinbase’s payroll product. UnitedMasters stressed that with this new means of receiving payments, the music artists can now participate in a more equitable
Yellow Card, an African Bitcoin exchange that recently announced a $15 million Series A funding, is one of the continent’s leading trailblazers in cryptocurrency. Its most recent round was led by Valar Ventures, Third Prime, and Castle Island Ventures. Square, Coinbase Ventures, and Blockchain.com Ventures. Now Yellow Card plans to use its funding to grow its team, launch new products, and expand to more African countries across the continent. According to Forbes, the announcement makes it the most considerable funding by a B2C crypto exchange in Africa. The firm was first launched in 2018 in Nigeria
Singer-songwriter Doja Cat is taking the NFT world by storm and outselling major investor Jay Z as her single edition NFT sells for $188k – becoming the most oversized auctioned item in Tezos history. Doja first announced her first non-fungible token (NFT) collection earlier this month with green NFT marketplace OneOf. OneOf is built on the Tezos blockchain, recognized as an “energy efficient proof-of-stake network,” according to the company‘s website. It also claims to offer some of the most affordable transaction fees for users looking to tap into the world
TV personality Steve Harvey might have just helped cryptocurrency Solana increase its value in price, which started at $37 last month and is now up to $197 as of yesterday, without even realizing it. On Thursday, the comedian and presenter swapped out his old profile picture for a unique Solana Monkey Business NFT – the picture is part of a collection of cartoonish, pixelated monkeys generated randomly. An NFT provides ownership of almost every type of digital item and now profile picture collections are on the rise in the space.
