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Home Blog Page 3849

Meta Opens Creator Lab in Nigeria to Assist Content Creators

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Social media behemoth, Meta, has launched a first-of-its-kind educational in-real-life programme for creators in Nigeria called the Meta Creator Lab Live – designed to allow creators to collaborate and co-learn from experts.

The event was graced by over 40 young and aspiring creators who want to learn how to create engaging content, grow their community, and navigate the suite of products available on Instagram through the programme.

The Meta Creator Lab Live comes after the initial launch of the Creator Lab edutainment series in March 2022. This foundational program was designed to assist aspiring and emerging creators as they navigate their paths and careers.

Speaking at the Creator Lab, Moon Baz, Creator Partnerships Lead, Africa, Middle East, and Turkey, Meta, said the lab will create a community of content creators and help shape the future of digital content.

“We are excited to launch Creator Lab Live in Nigeria, a first-of-its-kind by Instagram to support emerging and aspiring creators to grow on Instagram. Nigeria already has a thriving creator ecosystem with a global cultural influence and provides an excellent opportunity for us to support them as they navigate their journeys and careers.

“We recognize the amazing content they create across our family of apps and are committed to helping creators to grow their communities and make a living across our platforms. As we work toward shaping the future of digital content and experiences, we are excited and invested in giving creators a home base to build community and create engaging content through various content formats and creative tools.” she added.

During the program, Rofhiwa Maneta, Strategic Partner Manager for Creators in Sub-Saharan Africa at Meta, delivered valuable advice and insights to creators looking to enhance their content creation skills and optimize their use of Instagram tools. He also delved into the community standards that safeguard creators and explored strategies for monetization through Meta technologies.

As part of the event, creators were encouraged to participate in the #PositiveVibesOnlyChallenge, which provided a fantastic opportunity for them to spread positivity, contribute to making the world a better place, and inspire others to produce uplifting content on Instagram.

The program also featured a fireside chat that centered around ‘How to stay relevant in the creator space.’ The panel included Amarachi Amusi (ashmusy), who emphasized the significance of authenticity, consistency, and creativity when engaging with Instagram’s platform.

“It has been an incredible experience learning, connecting, and developing content with other young talented creators in Nigeria,” she said. “Instagram has become a home and hub for creators to build a community that encourages growth. The Creator Lab has highlighted the importance of creating unique, short, and entertaining content using various features on Instagram to excite an ever-growing online community.”

Information And Communication Sector Contributed 14.83% to Nigeria’s GDP in Q2 2023

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In a recent National Bureau of Statistics (NBS) report, the Information and Communication sector (ICT) contributed 14.83% to Nigeria’s GDP in the second quarter (Q2) of 2023, higher than the 12.12% recorded in the same quarter of 2022.

The information and Communication sector is composed of the four activities of Telecommunications and Information services, which include, Motion Picture, Sound Recording, and Music Production; and broadcasting.

In nominal terms, in Q2 2023, the growth was recorded at 41.67% (year-on-year), a 27.56% points increase from the rate of 14.11% recorded in the same quarter of 2022 and 0.17% points lower than the rate recorded in the preceding quarter.

The quarter-on-quarter growth rate recorded in the second quarter of 2023 was 13.99%. The sector in the second quarter of 2023 recorded a growth rate of 8.60% in real terms, year-on-year.

From the rate recorded in the corresponding period of 2022, there was an increase of 2.05% points. On a quarter-on-quarter, the sector exhibited a growth of 11.64% in real terms.

Of total real GDP, the sector contributed 19.54% in the second quarter, higher than the same quarter of the previous year in which it represented 18.44%, and higher than the preceding quarter in which it represented 17.47%.

The Information and Communications technology (ICT) sector in Nigeria has been lauded for playing a pivotal role in the nation’s GDP growth.

Notably, Nigeria is regarded as Africa’s largest ICT market with about 82% of the continent’s telecoms subscribers and 29% of internet usage. The Nigerian Communications Commission (NCC) estimates that Nigeria has about 85 million broadband subscriptions (penetrations of 44%) and 206 million lines in the voice segment (teledensity of 108%) as of June 2022.

To drive economic growth, the Nigerian government has been focusing on leveraging innovation and digital transformation. The government recognizes ICT as the enabler of developing other critical sectors including education, healthcare, Agriculture, and manufacturing.

In its drive to diversify the economy from oil and gas, the government is encouraging partnerships between local ICT companies and foreign investors. To promote these partnerships and grow an entrepreneurial ecosystem in the technology sector, the Nigerian government has supported government or private sector-led incubator hubs, youth innovation programs, and science technology parks.

Of course, despite the significant growth, there are several challenges that the ICT sector in Nigeria faces. They include the lack of reliable and affordable electricity, multiple taxation, regulatory bottlenecks, limited access to ICT infrastructure in rural areas, and a dearth of skilled ICT professionals.

Despite these challenges, the sector has continued to grow with the potential to play a significant role in the country’s economic development. It is worth noting that Nigeria aspires to become one of the top economies in the world, and the country recognizes ICT development and broadband access as critical requirements to achieve this vision.

Binance CEO Changpeng Zhao (CZ) Bullish on Decentralized Finance (DeFi)

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DeFi is a term that refers to a range of financial applications that run on blockchain platforms, such as lending, borrowing, trading, investing, and more. These applications are powered by smart contracts, which are self-executing agreements that enforce the rules and terms of the transactions. Unlike traditional financial intermediaries, DeFi applications do not require any central authority or intermediary to operate, thus reducing costs, risks, and barriers to entry.

In a recent interview with Bloomberg, Binance CEO Changpeng Zhao (CZ) shared his views on the decentralized finance (DeFi) sector and how it is reshaping the crypto industry. CZ expressed his optimism about the future of DeFi, saying that it has the potential to democratize finance and provide more opportunities for innovation and inclusion.

CZ said that DeFi is one of the main drivers of the crypto market growth, as it offers new use cases and value propositions for both users and developers. He said that Binance is supportive of the DeFi ecosystem and wants to help it grow and thrive. He also revealed that Binance has invested in several DeFi projects and platforms, such as PancakeSwap, 1inch, DODO, Injective Protocol, and others.

CZ also addressed some of the challenges and risks that DeFi faces, such as scalability, security, regulation, and education. He said that DeFi is still in its early stages and needs to overcome these hurdles to achieve mass adoption and mainstream recognition. He said that Binance is working on providing solutions and guidance for the DeFi community, such as offering low-cost and high-performance blockchain infrastructure, enhancing security and compliance standards, and educating users about the benefits and risks of DeFi.

According to a report by The Block, Binance has been contacting crypto projects that have a market capitalization of less than $10 million, offering them various incentives and benefits if they agree to list their tokens on Binance or migrate from other exchanges.

Some of the perks that Binance is offering include:

  • Free listing fees and fast-track review process.
  • Higher exposure and visibility on Binance’s website and app.
  • Dedicated marketing and community support.
  • Access to Binance’s liquidity and user base.
  • Participation in Binance’s Launchpad, Launch pool, and other initiatives.

Binance’s move is seen as a way to attract more users and volume to its platform, as well as to diversify its portfolio of crypto assets. Binance currently lists over 1,500 tokens, but most of the trading activity is concentrated on the top 100 coins.

By reaching out to low-cap projects, Binance hopes to tap into the potential of emerging and innovative crypto sectors, such as decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming. Binance also aims to support the development and growth of these projects by providing them with resources and guidance.

Binance’s strategy is not without risks, however. Listing low-cap tokens could expose Binance to regulatory scrutiny, as some of these projects may not comply with the legal requirements of different jurisdictions. Moreover, low-cap tokens are often more volatile and susceptible to market manipulation, which could harm Binance’s reputation and user trust.

Binance has not disclosed how many low-cap projects it has contacted or listed so far, but some examples include:

  • Alpaca Finance (ALPACA), a leveraged yield farming protocol on Binance Smart Chain
  • Dego Finance (DEGO), a cross-chain NFT and DeFi platform
  • Unmarshal (MARSH), a multi-chain data indexing protocol
  • Polkastarter (POLS), a decentralized fundraising platform on Polkadot
  • SuperFarm (SUPER), an NFT farming platform and marketplace

Binance’s outreach to low-cap projects is part of its broader vision to become the ultimate destination for crypto users. Binance offers a wide range of products and services, such as spot and futures trading, margin and lending, staking and savings, P2P and OTC trading, education and research, charity and social impact, and more.

Binance’s founder and CEO, Changpeng Zhao (CZ), has stated that his goal is to make Binance “the infrastructure services provider for the entire blockchain ecosystem.” CZ concluded by saying that he believes that DeFi is the future of finance and that Binance will continue to support and participate in the DeFi revolution. He said that he hopes that DeFi will bring more freedom, fairness, and efficiency to the global financial system and empower millions of people around the world.

A Deep Dive into Crypto Casino Bonuses and Promotions

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Bonuses and promotions are an integral part of crypto casinos and they create an engaging environment within the industry. They are beneficial for both sides – players and gambling platforms. Bonuses and promotions offer additional value to players’ gameplay by increasing their funds. It provides users with an opportunity to extend their gaming session or explore more games without the need for additional investments. For crypto gambling platforms, having a bonus system encourages player loyalty, attracts new clients, and helps them to keep afloat in the growing competitive market. Moreover, bonuses and promotions expose unique features of cryptocurrency such as fast transactions, enhanced security, and anonymity. Because of the numerous benefits of crypto casino bonuses and promotions, there are many different types of available rewards. In this article, we are going to describe the most popular types that gambling platforms tend to offer.

Welcome Bonuses

Welcome bonuses are the most well-known and popular type of bonuses offered by cryptocurrency casinos. They are also known as a sign-up bonus or first deposit bonus. This kind of reward is provided to new players after they register on the platform and make their first deposit. Welcome bonuses provide several benefits for players. Firstly, they supply users with additional bankrolls that players can use to play more games without investing too much of their money. This advantage increases the chances of hitting a winning streak. Moreover, welcome bonuses extend the period of time players spend on the platform, which results in exploring everything a crypto casino has to offer and distinguishing favorite games. Welcome bonuses exist in various forms like free spins, deposit match bonuses, cashback bonuses, and many more. They are a warm welcome gesture of the majority of crypto casinos particularly those reviewed on the BitWin platform. Welcome bonuses are designed not only to attract new users by offering additional funds but also to create a positive first impression of the casino.

No Deposit Bonuses

No deposit bonuses are a fascinating offering of cryptocurrency casinos. While traditional bonuses require users to make a deposit in order to receive a reward, no deposit bonuses offer an exclusive opportunity to get a similar reward without any additional investments. This risk-free nature of no deposit bonuses makes them even more appealing. Players can research what a crypto casino has to offer, try out different games, or even win some money without risking their own funds.

Utilizing no deposit bonuses surely has both pros and cons. As for the benefits, this type of bonus offers risk-free exploration and learning opportunities as well as real money wins. However, there are also such drawbacks as wagering requirements, which means that players need to wager some amount of money before they can withdraw the winnings associated with the bonus. Another con is a limited game selection because players often can use the bonus only on the restricted choice of games. The final drawback is winning limitations. Many casinos limit the amount of money that can be won from a no deposit bonus. In general, no deposit bonuses act as a sort of trial run, allowing players to get a taste of the casino’s gameplay experience before deciding whether to invest further.

Exclusive Crypto Rewards

Exclusive crypto rewards illustrate the adaptability and innovations that cryptocurrency brings into the gambling industry. These bonuses are designed for players who use cryptocurrency as a means of transactions in online casinos. Let’s explore some of these privileged crypto rewards:

  • Crypto Deposit Match Bonuses are often bigger than their fiat alternatives. Crypto casinos often provide higher percentage matches on crypto deposits to encourage players to use digital currencies as a means of payment.
  • Zero Transaction Fees are often offered by crypto casinos. Gambling websites can reward players by covering their transaction fees if deposits or withdrawals are made with cryptocurrency. This gesture saves players’ funds making this type of reward even more appealing.
  • Instant Withdrawal is another great opportunity provided by crypto casinos. Many gambling platforms instant withdrawals of the winnings for cryptocurrency users. While traditional casinos often require significant time for the withdrawal process, crypto casinos have the advantage of offering their users swift access to their winnings.
  • Exclusive Tournaments and Leaderboards are often hosted by crypto casinos. By embracing digital currencies in their gambling activities players have an exciting opportunity to win cryptocurrency bonuses, gadgets, or even luxury items.

Basically, exclusive crypto rewards show that crypto casinos are dedicated to satisfying the needs of cryptocurrency enthusiasts. These rewards also provide an additional layer of value and excitement for players who embrace the future of online gaming.

In conclusion, bonuses and promotions of crypto casinos are not only marketing strategies for attracting new clients but also valuable elements that charge the development and growth of the gambling industry. The evolution of cryptocurrency casinos has influenced the emergence of a wide system of bonuses and promotions where welcome bonuses, no deposit bonuses, and exclusive crypto rewards serve as a backbone. All these specific rewards attract new players, establish loyalty between gamblers and platforms, and help crypto casinos thrive in a competitive digital arena.

Elon Musk’s grand unification has started As Twitter Adds Hiring Features

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The Elon Musk’s grand unification has started: “X, formerly known as Twitter, is making a leap into hiring – following the release of the XHiring Beta that allows verified companies to advertise vacancies on the microblogging platform.  The move, which underscores X’s expansion as everything app, is expected to present competition to LinkedIn.”

Good People, I dropped one postulation which I have called Fintechnolization, a construct that every digital platform must have a stable maturity state which includes offering financial services. Twitter (not interested in using X) could become an operating system when it unifies everything around a payment tool.

Fintechnolization is a term that refers to the idea that every digital platform should offer a fintech solution. Fintech, or financial technology, is the use of technology to deliver financial services. Fintech companies use technology to change how consumers interact with the financial industry. They often expand access to financial products, lower fees, and provide faster, more personalized service.

Fintech companies use innovative technologies to offer new and improved financial products and services. They often use AI, big data, and encrypted blockchain technology to facilitate highly secure transactions. Fintech has opened new avenues in crucial sectors such as cross-border transfers and government-to-individual payments. Fintech is having a major impact on the banking sector. Traditional banks are being challenged to adapt or risk being left behind. Fintech companies offer data analytics and insights that allow banks to gain valuable customer insights and increase efficiency in their operations.

Remember, the Igbo Nation summarized everything in the world as a market [“uwa bu ahia”], and if the world is a market, you already know what is needed: payment. Over the next few quarters, Musk and team will add the accelerants before that payment arrives. Yes, a massive disintermediation is coming in the digital universe, and Twitter has a future, as I have noted many times.

In his explanation of the feature’s mechanism, Adrian Carbone, the Product Manager at X, said that candidates will interact directly with the company’s applicant tracking system. There are strategies in motion to delve into the possibility of directly managing applicants on X’s platform, a prospect that could be particularly advantageous for smaller companies that might not have a fully developed ATS in place. 

Currently, under the XHiring feature, your X profile is not automatically linked to job applications. X’s objective is to create an option for users to integrate their profiles into their applications, should they wish to do so. This allows a user, for instance, to utilize their X profile to exhibit work samples, such as a designer’s portfolio or engineering projects. 

Comment on Feed

Comment 1: The success of this venture hinges on several factors, such as the adoption rate among companies and job seekers, the effectiveness of the platform’s job matching and application management tools, and the seamless integration with Twitter’s user experience. However, competing with specialized platforms like LinkedIn for professional networking and job search poses a challenge. Despite LinkedIn’s established reputation in these areas, Twitter’s approach must differentiate itself and overcome any potential limitations to attract job advertisers and seekers. It’s important to note that the success of this venture is not solely dependent on the concept. Execution, user feedback, market trends, and the overall business strategy of the company also play a critical role.

Comment 2: User experience will determine how far the hiring feature goes, people would like to see what it does better than LinkedIn and others. When all the cooking is done, perhaps X will become the most important platform out there, for now it’s still a bunch of probabilities.