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This married couple are turning a major homeownership loss into a win for others by launching their new flagship product, Kataba.
May 30, 2023
Getting to the money is an idea that most people can get behind. From becoming a social media influencer to navigating a traditional job or even jumping into entrepreneurship, people are looking for ways to secure the bag and maximize wealth. One of the ways people are expanding their worth is through investments and alternative forms of traditional currency like cryptocurrency. And although cryptocurrency has become more and more popular, the reality of it still makes people scratch their heads a little bit. While crypto has been around since 2009, it has evolved. The digital currency market is expansive, and conversations around its use and inclusion in everyday life have become increasingly routine. And with such evolution comes questions about its usage and what it means for the future. Even the IRS requires users to claim crypto on their taxes, but it’s categorized as property. With so many uses, how can a person determine the best use of the currency? It is at this...
Apr 19, 2023
As the U.S. Securities and Exchange Commission (SEC) cracks down on celebrities who previously endorsed fraudulent cryptocurrency, another speculation has arisen.
Apr 18, 2023
Three founders combined their backgrounds to launch an innovative technology platform that’s attracting the likes of Savannah and Bronny James.
Apr 3, 2023
A world where venture capitalists serve people who look like them does exist, and Sherrard Harrington and Aaron Wilson are on a mission to ensure that this space is a place where Black founders can do more than just survive, but also thrive. EONXI — a venture fund and incubator — has been building, investing, and empowering founders within the Web3 and metaverse ecosystem since its 2019 inception. As general partners, Harrington and Wilson’s passion for technology and how it can be used to serve led them to a space where they can help others reap the benefits that it has to offer. After suffering an injury during his days of football at the University of Colorado, Harrington found himself venturing into the private equity industry and tech landscape. On the other hand, Wilson’s introduction started with a career in finance which transitioned into human capital consulting and recruiting. Now that their paths have crossed, the two continue to build EONXI into a hub for founders.
Mar 8, 2022
EquityCoin is not your average company using blockchain technology. In fact, they may be the only company that is not only Black and Latinx-owned but also uses the new technology to combat the homelessness crisis in America — with an ultimate goal to reach $1 billion in wealth in communities of color by the year 2030. In a press release announcement, EquityCoin revealed that their first step to creating equitable and affordable housing using blockchain technology was by creating a digital token. Its next phase of development involves the creation of what they’re calling EquityShare, which streamlines the tokenization process between the prospective unhoused buyer and real estate agents. The transactions will take place on the Ethereum -based blockchain. “By marrying blockchain technology and affordable housing, we will revitalize urban areas from coast to coast, building a more healthy, livable, and sustainable society. It’s not only important to do the work, but also to have the...
Mar 2, 2022
With more technological advancements, comes greater responsibility — especially when it comes to the way the world views and spends money. It’s one thing to learn how to use the latest non-fungible token (NFT) craze and know the ways in which it operates, but it is a whole different story to learn how to not get caught up with the scams and flashy promises that could possibly come along with it. Will Lucas, the host of AfroTech’s Black Tech Green Money (BTGM) podcast, continues to provide us with insight on how to properly navigate the world of NFTs. During the latest episode of BTGM, Lucas breaks down some of the most critical ideas as they pertain to NFT ownership.
Feb 15, 2022
Snoop Dogg continues to drop it like it’s hot — and this time, he’s doing it on the blockchain. In a press release announcement, it was revealed that the Doggfather — who recently made headlines when he purchased Death Row Records — has partnered with Gala Games to bring his music to his fans in a whole new way. “If anything is constant, it’s that the music industry will always be changing,” said Snoop Dogg in the press release announcement. “Blockchain tech has the power to change everything again and tip the table in favor of the artists and the fans, and we’re going to be right at the front of the pack with this Gala Music deal.” His new album “BODR (Bacc on Death Row)” was released on the blockchain as a Stash Box of NFTs on Feb. 9 at 4:20 p.m. PST on the new Gala Music store. Three bonus tracks not available anywhere else will also be exclusive to Gala Music. There will only be 25,000 Snoop Stash Boxes, priced at $5,000, available to purchase in GALA. This Stash Box will...
Feb 10, 2022
John Legend continues to go beyond the ordinary when it comes to his ventures in music. The R&B crooner is now working to bridge the gap between technology and music by way of the latest cryptocurrency wave, non-fungible tokens (NFTs)! Per Blockchain News, Legend will team up with various heavy hitters within the digital media space to launch an NFT allowing artists to have a stake in their work through trading. Legend will serve as the CEO of the new platform called OurSong and will use his influence to reel in more artists, musicians, and fans. Learn more about NFTs at Afrotech Executive and click here.
Feb 4, 2022
A 22-year-old just became a millionaire by taking selfies. Sultan Gustaf Al Ghozali is clearly starting his year off right. A simple experiment to recreate a time-lapse of selfies over the course of five years led the Indonesian computer science student to become a millionaire, and he can thank non-fungible tokens (NFTs). Surprisingly, the accidental millionaire only ventured into the crypto world because “it might be funny,” according to The Independent. Sultan Gustaf Al Ghozali turned 1,000 selfies, captured from in front of his computer between 2017-2021, into NFTs priced at 0.00001 ETH ($3) on Jan. 10, 2022. “Uploading my photo into nft lol https://opensea.io/Ghozali_Ghozalu ,” Ghozali wrote on Twitter. Uploading my photo into nft lol https://t.co/E3Q4sBmN26 #NFT #opensea pic.twitter.com/rD51rdcpzp — Ghozali_Ghozalu (@Ghozali_Ghozalu) January 10, 2022
Jan 20, 2022
Nas was in a Twitter Space earlier today talking about the importance of his partnership with Royal, and he explained how this partnership wasn’t about the money for him. Instead, it was about empowering people to make financial decisions best suited for them. Join the party and tune into @Twitter Spaces live today at 2PM ET / 11AM PT 🌐🔐 THE DROPS ⬇️ 💎 Ultra Black: 1PM ET / 10AM PT 💎 Rare: 9PM ET / 6PM PT pic.twitter.com/4TezZdC6RF — MASS APPEAL (@MassAppeal) January 11, 2022 “Fractional ownership probably means a lot more to a lot of other artists than it does for me, but this isn’t really for the money for me,” Nas said on Twitter Spaces. “This is just a way to see how doing something like this can build and expand with the core base that I got and encourage artists.” For Royal CEO, co-founder, and renowned electronic artist Justin “3LAU” Blau, the partnership with Nas also meant democratizing the opportunity for NFT ownership, which can prove cost-prohibitive for the average...
Jan 11, 2022
The culture seems to continue to thrive in the cryptocurrency world. According to Complex, Hip-Hop icon Nas just teamed up with Royal, a blockchain-powered platform that allows fans the opportunity to invest in their favorite artists’ music. Together, they will sell extended versions of nonfungible tokens (NFTs) called limited digital assets, which include streaming royalty rights to two of Nas’ tracks.
Jan 6, 2022
Jim Jones isn’t just certified in the game of Hip-Hop. During the rapper’s event in Florida for Capo Coin, his own cryptocurrency, he saved his friend and photographer, Jerry Flete, Inside Edition reports.
Jan 3, 2022
Doja Cat is breaking new records and not just in the music arena. As AfroTech previously revealed, the singer has been crypto curious, launching her first non-fungible token (NFT) collection earlier this month with green NFT marketplace OneOf, founded by Lin Dai, Josh James and Adam Fell. “I don’t know that much about NFT’s,” said Doja Cat, according to information previously provided to AfroTech. “But what I do know is that they can be bad for the environment and cost a fortune. Mine won’t. Get over to OneOf.com and check out my first NFT collection now.” In her first-ever auction, the “Need To Know” singer’s single edition crystal token sold to the highest bidder for an impressive $188,888 (Not bad for the crypto newbie). According to iHeartRadio, Doja’s “item served as the largest auctioned item in Tezos history. It even outsold JAY-Z’s auction on Sotheby’s, which went for $139,000.” Plus, Doja is not only the first artist to launch a collection with the platform, she also broke...
Sep 22, 2021
Audius — a free-to-use streaming platform built on blockchain technology — is coming in swinging to compete with Apple Music, Spotify and TIDAL . According to Rolling Stone, on Sept.16, the platform announced a $5 million round of strategic funding with investments from artists, such as businessmen Nas and Pusha T. “I believe [blockchains] might be the most important technology to ever hit the music industry,” Nas said in a statement. “Everyone who uploads to Audius can be an owner. You can’t say that about any other platform.” It’s known knowledge that artists’ pockets barely rely on the slow and minimal income from streams — but Audius is on a mission to change this misfortune. With the platform, artists will get paid promptly. Rolling Stone reports that with Audius, “90% of earnings move in real time — with 10% going to the community that makes the system run.” “The blockchain is enabling entirely new revenue streams for artists and creators, like NFTs, social currency, and...
Sep 17, 2021