- I&M Bank’s profits rise by 15 percent as the lender intensifies regional expansion
- Telco giant MTN reshaping presence in Africa with key exits
- German firm Karcher opens new $3 million distribution center in Kenya
- Equity Group to pay record $114 million in dividend despite 5 per cent profit dip
- Under President Samia Suluhu Hassan, a new economic dawn emerges in Tanzania
- BRICS bank readies to disburse $5 billion in loans this year
- Air Tanzania launches a second boeing 737-9 Max aircraft
- Kenya Airways trims net loss to $172 million despite revenue surge
Browsing: Non-Fungible Tokens
Digital assets have become increasingly important in business and commerce, given their growing adoption by institutions, businesses, and individuals globally. Thus, the impact of crypto assets on tax systems has become all but impossible to ignore. As the number of transactions involving crypto assets continues to rise, so does the need for governments to establish a clear policy on taxing such transactions. In such a context, the absence of a deliberate policy position is a policy decision with consequences for tax systems.…
ASL is a unique startup studio platform where we connect entrepreneurs with strategists, creatives, engineers, community, and capital to design, build and launch exponential organisations that aim to make people’s lives better.
The goal is to gather and share resources to help build and speed up the next 10,000 great blockchain-based companies that focus on helping people.
Early investors get an opportunity to invest in ASL-winning start-ups. Even though positive investments are not secret, Africa Startup League pipelines are the best way to reduce risk.
“We don’t just know our portfolio companies, we also keep track of them from the time they are just ideas to the present. At every stage of development, from the Minimum Viable Product (MVP) to seed rounds and beyond, all Humanity NFTs have the chance to get investments,” said Barney Barrow, Co-Chairman of the Humanity Angels Club.…
- Chidi hopes that activism will eventually see European museums return all stolen artwork to Africa. However, he dreams of building a metaverse that comprises all the pieces Looty reclaims
- The Looty project started operation in November 2021 but will officially launch its website on May 13. The upcoming website will only support the purchase of NFT art via cryptocurrency
- Aside from Chidi, the project also involves two other Nigerians and a Somali, with each team member specializing in 3D design, NFT technology, or editing
- The project has already created 25 NFTs, among them the famous “Benin Bronzes” in Nigeria that were looted 125 years ago
During the pre-colonial error in Africa, a wide range of valuable artefacts were taken away to the western countries. About 60 years later, Africans feel the need to get the artworks back to preserve their history. However, one Nigerian art firm called Looty has come …
- In 2021, the NFT market generated more than US$25 billion in trading volume, and 2022 appears to generate more figures than the previous year
- NFTs are digital assets in the form of a digital file, an image, video or audio that a seller uploads to a cryptocurrency exchange platform for people to buy through cryptos
- The KuCoin cryptocurrency trading platform announced on April 19 that it will launch a US$100 million Creators Fund to support early-stage NFT projects
Recently, Changpeng Zhao, the founder of the largest exchange platform, binance, argued that the NFT business is “bonkers”, expressing his disbelief about how successful the NFT market has become.
Changpeng quotes how almost a year ago, an NFT file sold at US$69 million, something the buyers will never even be able to touch physically!
“People may have lost their mind,” Mr Zhao told fortune.
Despite referring to the growing NFT obsession as …
Non-Fungible Tokens (NFTs) are the new opportunity for anyone with anything they can monetise and an access to the internet to reap the benefits of minting money on the World Wide Web.
NFTs are “One of a kind” digital assets that can be traded like any other piece of property, but NFTs do not exist in any tangible form. It is possible to think of virtual or real assets as tokens that may be exchanged for tokens.
Therefore, an NFT is a digital title for a piece of content that may be sold on auction sites but is non-returnable because it is unique and irreplaceable. Because of this, its value fluctuates and it is useless as a means of exchange. Cryptocurrency and blockchain are the foundations of NFTs.…