The metaverse is a virtual space that connects several platforms, similar to how the internet connects various websites that offer access through a single...
The metaverse became the famous catchphrase after Facebook changed its name to Meta in October 2021. To prepare for Facebook's rebranding, the social media giant invested $10 billion in a new reality lab branch by 2021. The plan is to create metaverse content, software, and AR and VR devices, which CEO Mark Zuckerberg believes will be as common in the future as smartphones.
How many African countries are looking at central bank digital currencies, and how far are they?
Only Nigeria has an active CBDC, South Africa and Ghana have a CBDC in the pilot phase while Mauritius and the Central African Republic have CBDCs coming soon
The present crypto market crush is similar to a traditional bear market in that it drives weaker start-ups out of business while allowing stronger firms to mature and validate their insights.
As an emerging technology, blockchain has attracted the attention of a wide range of organizations, including energy corporations, startups, technology developers, financial institutions, and...
In contrast to the traditional financial system, DeFi gives individuals greater control over their assets and the ability to choose how to invest them without relying on an intermediary.
Even though many metaverse sites provide free accounts, anyone buying or selling virtual goods on blockchain-based platforms must utilize cryptocurrency.
One of cryptocurrency’s key charms is its invulnerability to inflation, which has been advertised as a hedge against inflation in central bank currencies.
Through varied financial services, open transactions, and accessibility via a permissionless network, DeFi appears to reverse inequality and effectively increase financial inclusion across the board.
The historic AfCFTA agreement has created the world's largest free trade zone by the number of nations that have signed on. Across 55 nations, it links 1.3 billion people and generates US $3.4 trillion in the total gross domestic product (GDP).
Throughout 2021, a total of $127 million was raised, accounting for 0.5 per cent of total worldwide blockchain fundraising. The majority of the venture money (96 per cent) went to South Africa, Nigeria, Seychelles, and Kenya. Fintech companies received $67 million (53 percent) of total blockchain financing, while exchanges received $34 million (26 per cent).
