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Edtech Company Kunda Kids Raises $700,000 in Pre-Seed Round to Drive Growth

By
Ojukwu Emmanuel
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0

Children’s publishing ed-tech and animation company focused on inspiring the next generation to learn about African culture, Kunda Kids, has raised $700,000 in a pre-seed round to promote expansion and growth.

The funding round was led by Zrosk Investment Management with participation from HoaQ, Voltron Capital, Argentil Capital, and Kaleo Ventures, together with angel investors Abi Ajayi, Chiamaka Ezenwa, Adetayo Bamiduro of MAX, and Benjamin Fernandes, CEO of Nala Money.

The funds raised will be pivotal in building the Kunda Kids app, enhancing capabilities, expanding its reach, and bringing the platform’s storytelling experiences to a wider audience.

Speaking on the seed raised, co-founder and CEO of Kunda Kids Oladele Olafuyi said,

“I am thrilled to announce the successful closing of our pre-seed round, and I couldn’t be more grateful for the inspiring investors who share our vision. This milestone allows us to launch Kunda & Friends and invest in exceptional creative talent across Africa. We are committed to bringing forth a new generation of African storytellers, and together, we will change the narrative.”

Also commenting on the pre-seed fund secured, co-founder and COO of Kunda Kids Louisa Olafuyi said,

“Our children deserve to learn more about Africa’s rich and diverse heritage, and it is our ambition to provide quality stories in various formats to children around the world. It is essential for children to see themselves and others represented in world-class stories and content. By nurturing a sense of pride and belonging, We empower them to grow up as confident, culturally-aware individuals who will shape”.

Founded in 2020 by Oladele Olafuyi and Louisa Olafuyi, Kunda Kids has grown to become an established award-winning children’s media publisher and creative studio, dedicated to inspiring the next generation of global citizens. The company is passionate about promoting diversity and inclusion in children’s literature, and its stories and characters reflect this.

Kunda Kids exists to transform children’s content and programming about Africa for the next generation. By showcasing various elements of African history and culture in creative, fun, and simple formats for kids, parents, and educators can raise children to be global citizens with an understanding and appreciation for other cultures from around the world.

Notably, the company has sold over 25,000 books to date, and its app has been downloaded in over 130 countries. The Kunda Kids App features a wealth of children’s stories, audiobooks, and African language learning animations.

A core part of Kunda Kids’ mission is to create more opportunities for African talent in publishing and production. Also, to create engaging and inspiring stories that celebrate African culture and promote essential soft skills such as self-confidence, teamwork, and kindness.

The company strongly believes in the importance of promoting diversity and inclusion in children’s literature and media.

Understanding NFT Gaming

By
Paul Ugbede Godwin
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0

NFT gaming is the new meta in the blockchain industry. It combines the benefits of non-fungible tokens (NFTs) with the immersive and engaging experience of gaming.

NFTs are unique digital assets that can represent anything from art to collectibles to in-game items. They can be traded, sold, or used in various platforms and applications.

NFT gaming leverages the power of NFTs to create innovative and interactive games that reward players for their participation and contribution. NFT gaming also offers new opportunities for game developers, artists, and creators to monetize their work and reach a global audience. NFT gaming is the new meta because it creates a more dynamic and decentralized gaming ecosystem that empowers players and creators alike.

Unlike traditional gaming assets, NFTs are owned by the players and can be traded, sold, or used across different games and platforms. NFT gaming offers many benefits for both developers and players.

For developers, NFT gaming can create new revenue streams, increase player engagement and retention, and foster a loyal community of fans. For players, NFT gaming can provide a sense of ownership, achievement, and empowerment, as well as an opportunity to earn money from their gaming activities.

NFT gaming also enables more creative and immersive experiences, as players can customize their avatars, explore user-generated worlds and interact with other players in novel ways. NFT gaming is expected to grow rapidly in the next few years, as more developers and gamers adopt this innovative model of gaming.

Some of the most popular and successful NFT games include Axie Infinity, a monster-breeding RPG that has generated over $1 billion in revenue; CryptoKitties, a collectible cat game that sparked the NFT craze in 2017; and Decentraland, a virtual world where players can create and explore their own NFT-based lands, experiences and lastly, the OthersideMeta by Yugalabs.

There’s an inherent volatility, and the environmental impact of NFTs, in their current use is hard to ignore. For gamers particularly the spectre of loot-boxes still prevails – these paid-for random boxes of items sucked cash from players.

But NFT gaming is one of 2022’s biggest new NFT trends, and it will be hard for developers and publishers to ignore. We explain more about what are NFTs? in our  in-depth feature, but to discover what it all means for games, keep reading (or jump straight to our NFT gaming. As more major publishers back or are exploring uses of NFTs – including Ubisoft, Konami, Epic, Capcom, and EA. In fact, Square Enix has announced its first NFT game, called Symbiogenesis.

The rise of Play-to-Earn games, such as Axie Infinity, (think of its Axies as Pokémon) are pointing the way ahead. Some players are even able to earn a living from these games. With 3 million daily users Play-to-Earn games like Axie Infinity aren’t going away.

While many Play-to-Earn games share similarities to non-NFT titles, such as Pokémon and Stardew Valley, there are accusations some are simply backdoor blockchains; the gameplay comes second to buying and trading cryptocurrency in the guise of collectible items.

NFT gaming is still in its early stages, but it has the potential to revolutionize the gaming industry and create new forms of entertainment and value for gamers around the world.

Top DeFi Cryptocurrencies: HedgeUp (HDUP), Uniswap (UNI), and Avalanche (AVAX)

By
TI Partners
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0

The decentralized finance (DeFi) space is full of innovative projects with the potential to shape the world of finance. This makes it an excellent space to invest in. We asked a couple of experts what are the best DeFi crypto assets to buy into in 2023. Their answer; HedgeUp (HDUP), Uniswap (UNI), and Avalanche (AVAX).

HedgeUp (HDUP): an alternative assets platform

The token HedgeUp (HDUP) is minted by the alternative assets project HedgeUp. This project is building “the world’s first alternative assets NFT trading platform.” The platform will act as a marketplace for products like diamonds, gold, artwork, wines, whiskey, jewelry, etc. Users pay for these products with HDUP.

However, HedgeUp (HDUP) users will be trading NFTs instead of the products directly. This is because the platform will tokenize alternative assets in order to make them available to investors on the blockchain. The assets themselves will stay locked up in a secure and insured vault under the management of the HedgeUp team.

What makes HedgeUp (HDUP) a top DeFi crypto token is the size of the ecosystem it supports. In addition to the investment platform, there is also a wallet and banking app, an online investment masterclass, a DAO, and a metaverse currently being developed.

Furthermore, HedgeUp (HDUP) holders will receive a lot of benefits within this ecosystem. The project has adopted a tiered club membership format. Here, investors receive different benefits depending on the size of their investment. These include exclusive discounts, access to the masterclass, direct access to certain people in the ecosystem, and more.

All these factors combine to make HedgeUp (HDUP) one of the best DeFi tokens available. Experts estimate that HedgeUp (HDUP) will gain up to 10,000% in the next bull run. The token is currently in phase three of its presale and is being sold for $0.020, making now the best time to buy.

Uniswap (UNI): decentralized trading

Uniswap is the other decentralized trading platform on this list. Unlike HedgeUp (HDUP), the platform is a lot like your typical crypto exchange – it provides a marketplace for people to buy and sell cryptocurrencies like ether (ETH), Binance Coin (BNB), and more in a decentralized manner.

Uniswap is the largest decentralized exchange (DEX). It is a proven product that has been in the market for years. This makes its token UNI one of the safest investment options in the market.

Uniswap (UNI) is currently trading at $5.10. This price represents a 2.8% gain in the last two weeks.

Avalanche (AVAX): fast blockchain platform

Avalanche is a blockchain protocol. It is designed to provide a high throughput platform for crypto transactions, decentralized applications (dApps), and smart contracts to run on. That way, Avalanche aims to be a faster, cheaper, and more environmentally friendly alternative to Ethereum.

AVAX is the native cryptocurrency of Avalance. The token was launched in late 2020 and due to its popularity, went on to achieve an ATH price of $144.96 around a year later. It is currently trading at $14.69 after losing 4.4% in the last two weeks.

Find out more about the HedgeUp (HDUP) presale here:

  • Website: https://hedgeup.io/
  • Presale: https://app.hedgeup.io/sign-up
  • Telegram: https://t.me/HedgeUpChat
  • Twitter: https://twitter.com/HedgeUpOfficial

HedgeUp’s (HDUP) Unorthodox Approach to Asset-Backed NFTs Could Force Chainlink (LINK) and Solana (SOL) to Change Direction

By
TI Partners
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0

We’ve known for a while that NFTs have the power to change crypto and finance forever.

But while most platforms use a traditional approach to NFTs, one startup is taking a different route. That project is HedgeUp (HDUP).

HedgeUp (HDUP) is an NFT platform that focuses on tokens backed by real-world assets such as gold, diamonds, or even luxury items like watches. This unorthodox approach could force other players like Chainlink (LINK) and Solana (SOL) to rethink their strategies in order to keep up with the changing market dynamics.

Let’s explore how HedgeUp’s (HDUP) approach could impact these two networks and what it means for the future of decentralized finance (DeFi).

What you need to know about Solana (SOL)

Solana (SOL) is a blockchain that is constantly suffering from poor price predictions, outages, and an overall poor outlook as far as DeFi goes.

Despite tons of venture capital, it has failed to capture a large DeFi or GameFi market share. Its one saving grace is it is an NFT powerhouse.

But, the NFTs they’re known for are JPEGS. While they’re hot right now, many experts think they’ll soon go the way of the sports cards.

Here’s why.

How HDUP could change the way we look at NFTs

Blockchain technology is capable of amazing things. Most of us aren’t even sure where its limitations are because we’re still decades away from knowing.

One thing we were sure about is that real-world assets would, at some point, become part of the NFT landscape. HedgeUp (HDUP) is making the future happen today.

HedgeUp’s (HDUP) protocol is unique in that its products are backed by real-world assets such as gold and art. This could introduce a new level of stability and reliability to the NFT market, making it more appealing to institutional investors looking for ways to diversify their portfolios.

And that’s only a part of what HedgeUp (HDUP) has to offer. HedgeUp’s (HDUP) roadmap paves the way for a complete DeFi ecosystem that ranges from a DAO to banking functions.

HedgeUp’s (HDUP) offering could also give Solana (SOL) and Chainlink (LINK) a run for their money as more users flock to the platform in search of reliable asset-backed tokens.

The bottom line

The success of HedgeUp (HDUP) could significantly impact Solana (SOL) and Chainlink (LINK). Currently, in the third phase of its presale stage, the team has already amassed $1.8 million in funds raised.

These NFTs have the potential to bring a new level of stability and reliability to the NFT market, forcing other networks to reevaluate their strategies if they want to remain competitive in the future. The coming months will be crucial for both Solana (SOL) and Chainlink (LINK) as they try to keep up with the changing market dynamics.

The future of NFTs is looking increasingly bright, as they are one of the only components in the crypto market that regulators are avoiding.

It’ll be interesting to see how Solana (SOL) and Chainlink (LINK) respond to this new challenge, and if they can remain competitive with HedgeUp (HDUP) offering.

Find out more about the HedgeUp (HDUP) presale here:

  • Website: https://hedgeup.io/
  • Presale: https://app.hedgeup.io/sign-up
  • Telegram: https://t.me/HedgeUpChat
  • Twitter: https://twitter.com/HedgeUpOfficial

Waiting for Pinduoduo of Nigeria

By
Ndubuisi Ekekwe
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0
Pinduoduo

Many years ago, I described a scene I had noted as a secondary school student in my village market. In the piece which was published in the Harvard Business Review, I explained how market women gathered around a truck, pooling resources together to get big discounts on foodstuffs by buying in bulk.

In China, someone has reduced the friction of that congregation with an app, making it easier for people to come together to buy things at scale for huge discounts. The platform is one of the most fascinating apps in the world right now, I had noted in 2018. The app is called Pinduoduo.

Pinduoduo is disrupting markets and growing fast in China where it was invented. Its model is exciting: you want to buy 10 cups of rice. Certainly, a bag of rice offers deep discount over just buying the 10 cups. To get that discount, you put a bag of rice in your wish list, and then invite friends to take a look.

Once you have gotten the number of people that would enable you buy a bag of rice, you have a deal. And then you would go and buy that bag of rice and everyone will share. At the end, because of the volume discount, you might have saved up to 90% on the 10 cups of rice.

Still waiting for a real Nigerian version of this app, not just for the cities but also for villages!

Comment on Feed

Comment 1: Ndubuisi Ekekwe this is a great thinking

I am also thinking for a while of a legitimate business model for Nigeria entrepreneurs can be, look out for a money-spinning App(business) that has not yet gone global but growing rapidly, copy it hook line and sinker, and find suitable local adaptation to it, organize it around local products or services. Gbam you have a business and if you can look for the original inventors and pitch it as an appropriate international arm, sell and cash out big.
There is a German company that does this very welll (I will check and revert with their name)

Comment 2: Thank you, Ndubuisi Ekekwe, for sharing your insights and fostering such important discussions.

Your reflections on the power of collective buying and the potential impact of technology like Pinduoduo in a Nigerian context resonate deeply with me.

The concept of Pinduoduo represents more than just economic efficiency; it’s about fostering a sense of community, leveraging social networks, and empowering individuals to access goods they might not afford otherwise. Your observation about the absence of such a platform in Nigeria opens up a stimulating discussion.

Understanding that every market has unique complexities requires careful analysis of local needs, socio-economic climate, and technological landscape to introduce an app similar to Pinduoduo successfully. This includes access to smartphones and the internet and encompasses the prevalent payment systems and the general digital literacy of the populace.

Here’s hoping that innovators and entrepreneurs in Nigeria pick up on this and explore the potential of creating a local version of this platform that could significantly benefit both urban and rural communities.

My Response: It is a great idea which I think some bold founders could attack at scale, focusing on people who already know themselves in churches, mosques, offices, etc

Comment 3: Ndubuisi – Prof – The age old ‘Co-operative Consumer’ model becomes an App.
Only question is why did it take so long for someone to do the translation.

Would have been nice if it went directly to dApp.

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