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Gala Games Co-Founders Face-Off Amid $130M Theft Issue; Tron, Cardano & Big Eyes Infinity’s Transparency Vow

By
TI Partners
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0

A legal showdown is happening concerning the Gala Games co-founders. Eric Schiermeyer and Wright Thurston face-off in a heated courtroom battle as the former accused the latter of secretly diverting a massive 8.6 billion GALA tokens in 2021. Without the company’s approval, Schiermeyer claimed that Thurston sold them for a staggering $130 million.

This conflict highlights the significance of transparency and security in the crypto world, principles that underpin blockchain technology. They are also fundamental values for blockchain projects like Tron, Cardano, and the new meme coin presale, Big Eyes Infinity (BIGINF), as they strive to offer these qualities to their respective markets.

Alleged $130 Million Crypto Theft Rocks Gala Games’ Ecosystem

In a surprising turn of events, Gala Games finds itself entangled in a legal dispute as co-founders Eric Schiermeyer and Wright Thurston wage a fierce courtroom battle. At the heart of the matter are accusations of financial wrongdoing. Schiermeyer reveals that Thurston allegedly redirected a staggering 8.6 billion GALA tokens in early 2021. He went on and asserted that Thurston subsequently sold the assets for a massive $130 million without the company’s go-ahead.

<< Big Eyes Infinity’s Transparency Pledge >>

Schiermeyer wasted no time, filing his lawsuit on August 31st. In a twist of fate, Thurston retaliated by suing Schiermeyer, accusing him of taking control of the company and misusing its funds, including acquiring a private jet. These legal battles cast a shadow over Gala Games, a once-promising player in the blockchain gaming realm, leaving the crypto community watching closely as the drama unfolds.

The Glaring Significance of Transparency and Security

The dispute concerning Gala Games’ two (out of three) co-founders sheds a glaring spotlight on the significance of transparency and security within the crypto landscape. These principles lie at the core of blockchain technology and are fundamental values shared by blockchain projects like Tron, Cardano, and the emerging Big Eyes Infinity.

Cardano’s recent upgrades, including the Hydra v0.12.0 and Mithril protocol, underscore its commitment to enhancing scalability and security. Meanwhile, TRON’s integration into the Arkham platform signifies a significant step towards bolstering transparency and security within the blockchain landscape.

Simultaneously, Big Eyes Infinity powers transparency and profitability. The project’s approach emphasizes learning from past experiences and maximizing transparency for community members. At the presale’s conclusion, BIGINF tokens will be airdropped to holders and simultaneously launched on a decentralized exchange (DEX). This strategy aims to provide maximum profits to the community while maintaining high transparency, aligning with Big Eyes Infinity’s core values.

Big Eyes Infinity’s Integration of the ERC-20 Protocol

Big Eyes Infinity’s choice to follow the ERC-20 protocol is a strategic move that aligns with the project’s core principles of transparency and security. By utilizing this protocol, Big Eyes Infinity leverages the well-established Ethereum blockchain’s inherent features.

Concurrently, the Ethereum blockchain is renowned for its transparency, primarily due to its public ledger system. Every transaction and smart contract execution on Ethereum is recorded on a public blockchain that is easily accessible and auditable by anyone. This transparency ensures that all activities within the Big Eyes Infinity ecosystem, from token transfers to contract interactions, are open for scrutiny, providing a sense of trust and accountability for its growing community.

Big Eyes Infinity is a new meme coin presale project within the Big Eyes world. It’s a complementary token for all things 819Casino.

Drama Unfolds

In the midst of the Gala Games co-founders’ legal battle over a $130 million theft, the importance of transparency and security in the crypto world comes to the forefront. This incident is a stark reminder of the significance of these principles, which projects like Tron, Cardano, and Big Eyes Infinity strive to uphold. As the drama unfolds, the crypto community watches closely, emphasizing the need for trust and accountability in blockchain ecosystems.

 

Big Eyes Infinity (BIGINF)

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Website: https://bigeyes.space/

Telegram: Contact@BIGEYESOFFICIAL

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Bearish Trends for Stepn (GMT) and Chiliz (CHZ), Pomerdoge (POMD) as Upward Trajectory Continues

By
TI Partners
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0

Per current developments in the crypto landscape, Stepn (GMT) and Chiliz (CHZ) continue downward trends, while Pomerdoge (POMD) continues its bullish climb. These contrasting trajectories suggest why Pomerdoge is experiencing a massive influx of investors.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Stepn (GMT): Decline Persists in the Move-To-Earn Token

Stepn (GMT) is a blockchain-based lifestyle app with elements of P2E. Its blend of a play-to-earn (P2E) game with a fitness app created a novel concept dubbed “move-to-earn.” Further, by combining NFT features, NFT sneakers will allow users to earn in-game currency while walking, running, or jogging.

Through the above, Stepn has been able to disrupt the fitness market by leveraging the power of blockchain technology. Thanks to its move-to-earn (M2E) model, millions of users are incentivized to lead a healthier lifestyle.

However, the volatility of the crypto market has seen Stepn continue its bearish trajectory. In the past year, it has declined by over 80%, while it has declined by over 20% in the past month. With its price outlook not looking promising considering bearish indicators, Stepn might experience further declines in the future.

Chiliz (CHZ): Bearish Trend Continues

Chiliz (CHZ) is a popular digital asset in the world of sports and entertainment. As a pioneer in this niche, it witnessed immense traction, rising to become the 73rd leading token by market capitalization. Additionally, its fan-based tokens have become a trend in the crypto landscape.

Its value proposition centers around bridging the gap between sports teams, celebrities, and their fans through blockchain technology. Chiliz has also partnered with some of the biggest sporting institutions in the world. By purchasing the Chiliz token, fans can own stakes in their favorite clubs and participate in club-related decisions.

However, just like Stepn, Chiliz has also been in decline. Since the end of 2022, it has witnessed a gradual decline in its price. This has created concerns over its near-term and long-term viability, with investors opting for promising alternative investments.

Pomerdoge (POMD): Huge Participation Propels Bullish Trajectory

Contrary to the bearish trends in Stepn and Chiliz, Pomerdoge continues its upward trajectory. Its upcoming play-to-earn (P2E) game and vibrant ecosystem have caught the attention of investors and enthusiasts. This, in turn, has resulted in more than $3.7 million raised in its presale so far, which is proof of its impending adoption and explosive growth.

Within its ecosystem will be a thrilling P2E game called Pomergame, Pomerplace, a marketplace and a rare NFT collection. To complete this ecosystem, there is the $POMD token, which will be the in-game currency. It will also be the token used for all transactions within the ecosystem.

Its much-anticipated blockchain-based game will connect players globally and allow interaction and a fun gaming experience while earning tokens and rewards. Additionally, its gaming marketplace will allow players to buy and sell unique items they collect while playing the game.

On the other hand, the gaming arena will be where players can battle against other users, with the winners taking it all. Further, its NFT feature is evident in its collection. It comprises 7,777 digital collectibles available only to presale token holders.

The POMD token presale is ongoing and represents a compelling investment opportunity. At its current price of $0.0165, analysts forecast it will rally by 50x before the end of the year. Hence, it is an investment opportunity not to be missed.

Find out more about the Pomerdoge (POMD) Presale Today:

Website: https://pomerdoge.com/

Telegram Community: https://t.me/pomerdoge

The Epistemology of Obasanjo’s “E Dide E Joko” Royal Conundrum

By
Mutiu Iyanda
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0

The recent incident at a government function in Oyo State, Nigeria, where former President Chief Olusegun Obasanjo ordered a group of traditional rulers, known as Obas in Yorubaland, to stand up and sit down (e dide e joko) in respect for the state’s governor, has sparked a heated debate.

Chief Obasanjo’s perspective, rooted in his belief that traditional rulers should greet presidents and governors as a sign of respect and a way to preserve Yoruba culture, has ignited strong reactions, particularly from the Yoruba people. This incident brings to light a complex epistemological question: What does “E Dide E Joko” truly signify in the context of Yoruba culture and governance?

The Cultural Significance

Obasanjo greeting Ooni

“E Dide E Joko” is not merely a phrase; it carries a profound cultural significance in Yoruba society. It encapsulates the essence of respect and hierarchy deeply ingrained in Yoruba traditions. Traditionally, this gesture is a mark of deference from a subordinate to a superior, acknowledging their authority and status. It is a display of honor, acknowledging that the person being greeted holds a position of power, knowledge, or authority that deserves reverence.

However, the recent incident challenges the conventional understanding of this gesture. Chief Obasanjo’s viewpoint asserts that traditional rulers should extend this form of respect to presidents and governors because of their elevated positions in contemporary governance. It raises the question: Can cultural practices evolve to adapt to changing societal structures and values without losing their essence?

Preservation of Yoruba Culture

Chief Obasanjo’s argument for extending the “E Dide E Joko” gesture to presidents and governors hinges on the preservation of Yoruba culture. He contends that adapting traditions to modern realities can ensure their continuity. However, this perspective is met with resistance, particularly from those who believe that the act diminishes the sanctity and authority of traditional rulers.

Epistemologically, this debate prompts us to explore the fluid nature of culture and how it interacts with evolving societal norms. Can culture, which is often considered a repository of tradition, adapt without diluting its core principles? How do we balance the need to preserve cultural heritage with the demands of contemporary governance and societal values?

Respect and Reciprocity

The “E Dide E Joko” incident also raises questions about the reciprocity of respect. While Chief Obasanjo emphasizes that traditional rulers should extend greetings to presidents and governors, there is an equally valid argument that those in positions of political power should reciprocate by respecting the traditional institution. This reciprocity is essential to maintain a harmonious balance between traditional and contemporary governance structures.

Obasanjo greeting Olowu of Owu in Ogun State

The “E Dide E Joko” incident serves as a thought-provoking case study in the epistemology of cultural practices. It challenges us to contemplate how deeply rooted traditions can adapt to modern realities without losing their essence. It also underscores the importance of reciprocity and respect in the coexistence of traditional and contemporary governance structures. Ultimately, the resolution of this cultural conundrum requires a nuanced understanding of Yoruba culture, a willingness to engage in dialogue, and a collective effort to strike a balance between preserving tradition and adapting to the ever-changing dynamics of society.

When BBNaija Destroys Brands [video]

By
Ndubuisi Ekekwe
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0
I am not sure HFM is spending its advertising budget smartly. How do you associate yourself with these contestants who seem not to have passed through secondary schools in Nigeria? I mean are you telling me that CAC, NAFDAC, Appeal Court, etc are esoteric for any graduate with courses like GST 201 (Nigerian Culture and African Development), GST 103 (Humanities), GST Nigeria and Political Economy, etc which remain compulsory irrespective of the field of student in our universities?
 
How did they even pass Social Science in Junior Secondary School because JSSCE tests on these basic things?
 
I am truly flummoxed that we have men and women with “businesses” who do not know where the companies are registered. BBNaija has its business model but brands should be careful!

 
*using FUTO codes those days

Nigeria Should Promote Heliculture alongside Grain Production in Its Agricultural Development Plan

By
Tiamiyu Ismail
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0

It is interesting to know that the Nigerian Government has pledged an increased agricultural investment towards accelerating agricultural production, especially the production and processing of grains in the country. However, beyond production of grains such as maize and rice which constitute the staple of many Nigerians, meat and protein production also plays a critical role in meeting the dietary or nutritional needs of the people.

A part of the meat production business which has a huge value chain but remains largely untapped in Nigeria is snail farming. Snail is a member of the mollusc family that is generally known for its dietary and nutritional value. However, snail is also a source of raw materials to the non-food industries, particularly the cosmetic and pharmaceutical businesses. The practice of rearing snails for consumption and commercial purposes is called Heliculture and is common in Europe and some parts of the Mediterranean region.

The global consumption of snails increased astronomically in 2014 and the global market value of heliculture reportedly reached 12 Billion US Dollars per annum that year. About 15 percent of the total snails consumed globally are collected from the snail breeding units and the remaining 85 percent are collected from nature in poor countries where hunting and animal picking is common. Countries such as Spain, Morocco, China, France and Italy have the highest per capital consumption of snails.

Helix Aspersa, the compound snail species, which is commonly found in Europe constitutes the biggest in the international market with about 80 percent of the market share due to its high quality meat and slime. Other known species such as, Archatina fulica, archatina marginata, achatina achartina are largely found in the African region.

The interesting thing about snail is that every component of the animal is economically important. The snail flesh is a source of protein to individuals. The snail shell is used as a calcium supplement for livestock feeds and has medicinal value. Also the mucus secreted by the snail is of high value for spar treatment and the production of cosmetics.

Snail farming should be a reputable source of national wealth in the Nigeria’s agricultural ecosystem. However, an analysis of snail production and consumption in Nigeria shows a grossly untapped market despite a large deposit of the African giant snails in the country.

The snail supply chain in Nigeria has been highly fragmented and the business has been mainly funded through personal savings or soft loans from cooperative society. In snail farming, the cost of labour constitutes the largest component of the production cost unlike other sources of protein such as poultry where the feed is the most expensive input.

The underperformance of snail business in Nigeria has been mostly attributed to high level of illiteracy, the disorganised nature of the market, lack of technical know-how and poor access to finance etc.

There is also a deficit of information among the people about the huge potentials of snails. Most consumers of snail consume only the meat while the shell and the slime are often considered as wastes. Even the snail meat is keenly underselling compared to other animal sources of proteins like fish, birds, beef, pork etc. More so, there are a few experts of Heliculture in the country to service the local markets. The cost of travelling oversees to acquire training in snail farming and snail farm management may be a great setback to local farmers.

In spite of its challenges, snail farming has a great potential in Nigeria. Apart from the fact that the country has a favourable weather condition for snail farming, there is also high presence of fruit and leafy vegetables that could serve as snail feeds and habitats with a relatively low cost of labour.

Nigeria has a population of over 200 Million people, 30 percent of whom depend on Agriculture as a means of livelihood. It is believed that Heliculture has a huge potential to contribute meaningfully to Nigeria’s economy due to its capacity for high backward-linkage which has been largely tapped in other countries of the world, especially in Europe and America.

Therefore, the Nigerian Government is being nudged to look in the direction of heliculture, and channel resources toward creating an enabling environment for professionals in the industry as well as promoting needed trainings and knowledge in the field. More specifically, the government can encourage access to specialized funding for snail farmers and give tax relief to snail processors.

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