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Discussions surrounding non-fungible tokens (NFTs) suggest that the market is volatile and could be facing some significant challenges soon. But the creators entering the NFT community are responding with the words of former Atlanta Housewives star Porsha Williams, “Who said that?” This week, AfroTech learned about several new NFT offerings, and we are here as your trusted guide to give you the rundown of each one.
With the amount of talent, education, and sheer excellence within the Black community, “getting to the bag” is the easy part of the wealth journey. The more complex part of the journey is how wealth appreciates, and legacy is built. Acknowledging that not all people are privileged to consistently invest in side-hustles, passion projects, or wealth-building tools (stock market, digital currency, etc.), each person who earns money in any capacity must consider two things when determining their next money move. What are your liabilities, and what are your assets? Financial advisor Rashad Bilal and educator Troy Millings, hosts of the popular podcast Earn Your Leisure, suggest that people should always choose assets over liabilities, which is why they have an entire show dedicated to the topic, presented by REVOLT.
A Black developer has crafted a project intended for the culture! Keenan Kelley is the founder of For The Culture, created to encourage the Black community to take root in the ever-growing world of Non-Fungible Tokens (NFTs) and take back ownership of their traditions. Kelley was compelled to release the collection after recognizing there were very few Black pioneers in the Web3 space. “When I came into the space last year, I did not see a lot of representation from us. Not only do we not have as many artists and developers building out these projects, [but I also] noticed that there was a lot of cultural appropriation and undertones of racism in some of these projects that were coming out because there was a lack of Black representation,” Kelley told AfroTech. Kelley is now creating a pathway to diversify the NFT space and the founder encourages more Black creators to control their narratives on the blockchain. For The Culture honors Kelley’s stance through its 2,021 unique profile...
Black Women on Boards (BWOB) is a new global organization that took notice of the significant gap of Black female executives that are missing from board positions and has taken action since then. Founded in 2020, the organization’s efforts have created more visibility for the underrepresented group — 16 Black women on private, public, and advisory board s to date . Now, to bring more Black women aboard and empower them in becoming today’s successful leaders, BWOB has announced a new cohort-based board accelerator program for its members with the support of founding partnerships with DCVC, Diligent, Felicis Ventures, Kleiner Perkins, and Sapphire Ventures, according to a press release. The mission behind the program is to place 100 percent of the cohort in board roles by the end of 2022. “The most recent reports show that Black women account for just 4 percent of S&P 500 board seats,” said Robin Washington , co-founder of BWOB, and a board member of Google’s parent Alphabet, of...
Iris Nevins is an art collector who soared into the world of non-fungible tokens (NFTs) after the realization that it would be a profitable marketplace for artists. One year after her dive into crypto, she soon launched NFT studio Umba Daima in February 2021 . The switch was fitting for Nevins, who already planned to create a digital store for artists to gain profit for their work. Umba Daima educates artists on Web3 and helps them find their footing in the NFT space. The company also boasts various sub-brands under its belt including Black NFT Art, NFT Roundtable podcast, and virtual exhibit The Unseen Gallery. “We noticed that the artists that were having a lot of success had these really strong communities around them that were promoting or reposting on social media or participating in their drops,” Iris Nevins said in an interview with CNBC. The studio launched Black NFT Art “in an attempt to create that kind of experience for Black artists.” Umba Daima can celebrate a few...