Author: Temitope Akintade

Sweatcoin is one of the projects giving the rave of the moment — Move-to-earn — significance and traction. It was founded in 2015 by Oleg Fomenko who is also the CEO. Since then, the project has been on a mission to keep its users active and fit. The Sweatcoin app was designed to unlock the power of movement. It has more than 63 million users who have walked over 19 trillion steps and 600+ brand partners who provided over $200 million worth of goods in Q4 2021 alone. And now, the big news is that the London-based tech company has…

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As the adoption of cryptocurrencies continues to surge in Africa, its governments have been exploring possible ways on how to effectively regulate and maximize the opportunities that come with crypto and its underlying blockchain technology. In a report published by Statista, on where cryptocurrency is heavily used, African countries like Nigeria, Kenya, South Africa amongst others are at the forefront of adopting the use of crypto. Hence African governments are beginning to see the need for regulation in the crypto space. Let’s take a look at some of the recent developments towards crypto regulation by some of its countries. Nigeria,…

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On the 25th of April, 2022, the board of Twitter agreed to a $44bn takeover offer from billionaire Elon Musk. Twitter is known to be a crypto-active community where different topics and trends on the blockchain technology gain traction. Different speculations have been in the air about how the social media giant would change under Musk’s leadership. Momentum was already building for crypto adoption on the platform even before the Musk takeover. Late last year, the platform rolled out a feature that allows users to tip creators with Bitcoin and an Ether option was added in February. Earlier in April,…

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Play-to-earn tokens like $AXS, $MANA and $SAND made waves across the universe in 2021 but it seems 2022 is for tokens of another GameFi brand called Move-to-Earn. M2E games are the latest trend in the blockchain gaming industry. Move-to-Earn, similar to play-to-earn, is a model where users are rewarded in cryptocurrency for their step count. It basically allows gamers to earn cryptocurrencies or tokens when they exercise. Some of the biggest known platforms for this model are StepN, Genopets, Digital Fitness, Step, Calo and some others. All these platforms have governance tokens that users get as rewards. The beautiful side…

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As the wave of NFT continues to hit the whole world by storm, Africa is also having its fair share in adoption. And now NFTs are steadily gaining popularity in the African music industry because they are being used to provide artists with new revenue streams in innovative ways. In 2021, veteran Music Producer – Michael Collins Ajereh, popularly known as Don Jazzy became the pacesetter in that sector. In an interview, he revealed how he made a whopping sum of three hundred thousand dollars in ten minutes from NFT. He earned the $300,000 after collaborating with a digital artist…

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On March 24 2021, Coinbase decided to offer approximately 3.75% annual percentage yield (APY) for staking Cardano’s native cryptocurrency – $ADA and the coin experienced a 35.3% price growth in 24hours following the development. That event and other ones showcase the reason why traders and investors should understand the concept of coin staking in order for them to gain access to lucrative yields, increased flexibility, and insights into the price dynamics of certain digital assets. Staking is an activity where a crypto user locks up a specific amount of coins in a wallet for a certain time and receives rewards…

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The internet has evolved dramatically in the past twenty years and Web3(also known as Web 3.0) is a term that has been garnering much of the online world’s attention lately. But before we delve into what the web3 concept is all about, it will come in handy to have a cursory look of how we got here. An overview of the journey from web1.0 to web3. Web 1.0 This phase of the internet evolution is also referred to as the ‘read-only’ web. Coined in 1999 by author and web designer – Darci DiNucci when distinguishing between Web 1.0 and Web…

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Ether is the native token of the number one decentralized network known as the Ethereum Blockchain. The world’s second-largest cryptocurrency, Ether has a following that may even be stronger in some ways than that of Bitcoin.The Ethereum blockchain happens to be the building block upon which a range of Stablecoins, dApps, DExes and NFT Marketplaces are built on. Investors who bought into Ethereum five years ago are currently up more than 270-fold. Ether has been one of the most consistent cryptocurrencies in every bull market since the project was founded. However, there is more to Ethereum than how it performed…

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GameFi is an exciting industry in the cryptoverse and it has grown into one of the hottest trends right now. It is simply a blending of the words ‘game’ and ‘finance’ and it is also known as ‘play-to-earn’. According to Newzoo’s 2021 Global Gaming Market Report, the number of global gamers by the end of 2021 now exceeds 3 billion. In the same year, total global gaming revenue grew 1.4% year-over-year and stands at $18.03 billion, with mobile gaming revenue set to account for 52% of the total global market. What is GameFi? GameFi is basically the marriage of gaming…

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Source: Happy International Women’s Day / Papersmiths.co.uk The cryptoverse is becoming more of a reality in which each and everyone of us lives. Men, women, young and, increasingly, older communities are playing a part in the mass adoption of Web3. The downside to this is that, in the mainstream adoption, there is a clear inequality in the voice dominating the scene. Despite crypto’s inherent democratic qualities, it didn’t spare the industry from gender inequalities. Women are still a minority in this burgeoning finance sector. While crypto has incredible potential to increase equity and accessibility to financial markets and investments, to…

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