TL;DR, Ubunation’s NFT Auction features 10,000 unique lion NFTs at $20 each, targeting $200,000 to fund a primary school construction project in Nairobi. Web3 fundraising offers transparency advantages over traditional charity models, allowing donors to trace exactly where their contributions go. Despite its noble mission, skeptics highlight market saturation and lingering doubts over NFTs’ long-term…
TL:DR, Zimbabwe’s ZiG currency launches as physical gold-backed money, with 2.6 tonnes gold reserves backing 1.1 billion ZiG units, replacing previous digital token plans in April Zimbabwe abandoned its digital currency ambitions, converting gold-backed digital tokens into physical ZiG notes and coins valued at international gold prices. One ZiG is equivalent to 1 mg of gold, with…
TL;DR, Zeepay secures $3 million equity investment from Verdant Capital Hybrid Fund, becoming the fifth institutional investor in three years. The investment will fuel expansion of mobile money and remittance services to 10 new African countries within two years. With over $3 billion in transactions settled last year, Zeepay’s latest funding highlights investor confidence in…
TL;DR, Nigeria’s Central Bank introduces NFC payment technology to the eNaira CBDC app, aiming to boost adoption rates after the digital currency’s disappointing performance since its 2021 launch. The CBN’s new NFC integration allows contactless payments through proximity-based transactions, featuring tokenization security and programmable restrictions to prevent fraud. Despite privacy concerns and cybersecurity risks associated…
TL;DR, Bitcoin halving events cut mining rewards in half every 210,000 blocks, with 29 of 32 total halvings remaining before reaching the 21 million BTC limit. Bitcoin uses proof-of-work mining where rewards decreased from 50 BTC to 6.25 BTC through three previous halvings since 2012. Historical halvings have preceded major price increases, with the next…
