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Twitter Finally Implements Removal of Blue Checkmarks

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Microblogging platform Twitter has finally implemented the removal of Blue Checkmarks after the company’s CEO Elon Musk had earlier stated that the removal would commence on the 20th of April, 2023,.

Following Musk’s recent decision to remove verification badges, users who did not pay for the company’s subscription service, have noticed the disappearance of the checkmark from their Twitter handle.

The change has impacted several people, including public figures, as Twitter now mandates account holders to pay an $8 per month fee to retain their verification badges. However, government accounts and some corporate accounts will still maintain their verification badge through a separate set of icons, in silver and gold respectively.

Recall that long ago, legacy checkmarks were issued to notable and public figures for free to authenticate their handle, however with Musk’s takeover, the narrative has changed. The decision came as part of Musk’s plans to get rid of Twitter’s “Lords and peasants system for who has or doesn’t have a blue checkmark”.

It is however interesting to note that the New York Times, along with several other news organizations and high-profile Twitter users, decided not to pay for the Blue checkmark which they described as “absurd”. 

A spokesperson at the New York Times said, “We aren’t planning to pay the monthly fee for checkmark status for our institutional Twitter accounts, We also will not reimburse reporters for Twitter Blue for personal accounts, except in rare instances where this status would be essential for reporting purposes”.

This spurred Twitter CEO Musk to poke fun at the New York Times, calling the publication “unreadable” after it lost its blue verification badge on his social media platform. Musk wrote via a tweet “The real tragedy of New York Times is that their propaganda isn’t even interesting”. 

When asked about how taking away verification marks would impact disinformation spread on the platform, Musk said “I think the media is a driver of misinformation much more than the media would like to admit that they are”. Twitter has also disclosed that it will stop recommending non-verified accounts on its “For You” algorithmic timeline.

Twitter Blue got off to a rocky start in November after several accounts started impersonating public figures and companies, resulting in the company halting the subscription service for several weeks before relaunching it the next month. 

Criticism has continued to trail Twitter’s decision on its blue checkmark policy, with some saying that the essence of the verification badges was being defeated, as anyone could impersonate another by just subscribing to Twitter Blue.

And finally, even advertisers are not spared!

Advertisers have to pay for verification on Twitter. Businesses are now required to pay for Twitter Blue or Verified Organization subscription services to share ads, TechCrunch reports. Business accounts spending more than $1,000 per month on the app can have gold checks and can continue advertising. In an email that’s been shared on Twitter by some users, the social media site said the move was part of its broader verification strategy and its efforts to reduce fraudulent accounts and bots. (Fortune newsletter)

Musk Unveils Social Media Monetization 2.0 As Kardashian, Pope Francis, Bill Gates, etc Lose Blue Checkmarks

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It happened because the boldest entrepreneur in the world has done it: “Elon Musk’s Twitter on Thursday began a purge of blue verification check marks from users who have not signed up for its subscription service, with the checks disappearing from the accounts of journalists, academics and celebrities.

“The blue checks even disappeared from the accounts of some of the most well-known and widely followed people on the social network, including Kim Kardashian, Beyonce, Bill Gates, Pope Francis, former president Donald Trump and Twitter founder Jack Dorsey.” This is a new revenue source for Twitter.

Good People, most times, we overestimate how customers will react because we are timid on capturing value in markets, as I explained in this Harvard Business Review piece. You give customers so much value, cruising  in the ocean of waters with water everywhere, yet, there is no drop of drinking water to quench the thirst! 

Indeed, activities are everywhere on your platform, but you make no money. Pity that company which is very popular but also dispensable by users. That dispensability means no one wants to support its mission by helping it to make money.

Twitter wanted to stop that nonsense where a very popular and valuable company has no money in the bank. Respect Musk for that: if you get value, pay; otherwise, do not. I count that many will do.

I just paid because Twitter has become better with extra space for me to make my points without the limitations of 140 characters or so! My account is here: @ndekekwe.

Welcome to Social Media Monetization 2.0 where you will pay for the privilege of feeding aggregators with data and raw materials which they use to make money. Of course, you also get value in return. Fair play!

Elon Musk’s Twitter on Thursday began a purge of blue verification check marks from users who have not signed up for its subscription service, with the checks disappearing from the accounts of journalists, academics and celebrities.

The blue checks even disappeared from the accounts of some of the most well-known and widely followed people on the social network, including Kim Kardashian, Beyonce, Bill Gates, Pope Francis, former president Donald Trump and Twitter founder Jack Dorsey.

Some government agencies — including the official account for US Citizenship and Immigration Services and accounts for some state Customs and Border Patrol offices — also lost their blue checks, which weren’t immediately replaced by the gray checks Twitter has designated for government accounts.

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Twitter had previously said it would “begin winding down” blue checks granted under its old verification system — which emphasized protecting high-profile users at risk of impersonation — on April 1. In order to stay verified, Musk said, users would have to pay $8 per month to join the platform’s Twitter Blue subscription service, which has allowed accounts to pay for verification since December.

Musk needs to drive this strategy when you consider that many entities which depend on advertisements are fading.

BuzzFeed News, the Pulitzer Prize-winning digital news website that that took the internet by storm roughly a decade ago and inspired jealousy from legacy media organizations, will shutter, BuzzFeed chief executive Jonah Peretti announced Thursday. […]

Edgar Hernandez, chief revenue officer, and Christian Baesler, chief operating officer, will depart as part of the company changes, Peretti also said on Thursday. Marcela Martin, president, would “take on responsibility for all revenue functions effective immediately.”

BuzzFeed is not the only news organization facing struggles. Nearly every major news, media, and technology company has announced layoffs in recent months. Insider on Thursday, for instance, said it will lay off approximately 10% of its staff, telling employees in a memo that the “economic headwinds that have hurt many of our clients and partners are also affecting us.”

Julius Berger Visits Abia Governor-Elect Alex Otti

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The playbook is clear: Abia State’s infrastructure must be upgraded because the government will build the platforms for industries and commerce, and then allow businesses to operate on top of them. Waste management. Good roads. Security. Decent healthcare. Better schools. Etc must be improved.

Here, Julius Berger managing director, Lars Richter,  visited Abia Governor-Elect Alex Otti this week. The good people of Abia State want to see better infrastructure.

Mr. Governor-elect in a speech challenged all of us to serve with tenacity, absolute commitment and uncommon sacrifice. What can you do for #Abia? The world is Abia because Abia is God’s Own State and the world is the Lord’s. You’re invited to Abia.

Prof Ndubuisi Ekekwe

Co-chair, Abia State Economic Transformation Transition Council

Sparklo (SPRK) Redefines How Investors Get Into The World of Precious Metals With Fractionalized NFTs

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The blockchain space is filled with innovative projects that aim to solve a specific issue found in traditional finance or in conventional systems.

With the increase in inflation rates, most investors are aiming to diversify in assets that have historically proven to be a hedge against it. One of the most notable examples of this is the sphere of precious metals.

Gold, silver, and platinum are metals that have been appealing to billions of people globally. Sparklo is one of the latest blockchain-based projects that will be the go-to platform for getting into them through fractionalized NFTs, and today, we will go over how all of that works.

Precious Metals And Their Appeal

Precious metals have historically proven to be one of the most stable types of investments, as typically, the value of gold will increase with the inflation rate. They offer, as a result, protection against this inflation, but also have intrinsic value.

They have no credit risk, and they cannot be inflated. This means that in the minds of many, keeping their money in the form of gold is much safer when compared to keeping it in the form of a FIAT currency. No more gold or other precious metals can be printed out, for example, unlike FIAT currencies.

Key Challenges Faced By Investors Aiming To Get Access to Silver, Gold, and Platinum

In the traditional investment space, getting access to gold bars can be difficult due to transportation costs.

Additionally, investors will need to pay for a secure location deposit box to store the gold or have to deal with the risk of keeping it in a personal safe, which also needs to be bought. Getting gold bars will typically require a lump sum to get paid upfront. There are also a lot of fees involved with the traditional methods of acquiring gold, as usually, a centralized institution handles the transaction or a bank is used, both of which have costs associated with the transactions. This is where Sparklo will shine.

Sparklo (SPRK) And Its Role In The Web3 Space

Sparko will be an investment platform where anyone can directly make fractional investments within silver, gold, and platinum. Every investment will result in a non-fungible token (NFT) getting created through the minting process, after which it will get fractionalized. Users can then invest in either the full gold bar, which the NFT represents or get a fraction of it they want.

Upon getting the full NFT, they can get the gold bar delivered to their chosen location. This opens up many opportunities, as all of the traditional barriers are broken. The team is going over a KYC application, and InterFi Network has already audited the platform.

Investors and traders have the unique opportunity of getting into the project early through its presale to get the most out of it. At the level one presale, SPRK trades at just $0.015. Analysts and cryptocurrency price prediction experts have predicted that its value can increase by 4,000% in the upcoming months.

Find out more about the presale:

Buy Presale: https://invest.sparklo.finance

Website: https://sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance

Sparklo (SPRK) Will Offer More Utility And Raise More Users Than Binance Coin (BNB) And Polygon (MATIC)

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Cryptocurrencies have taken the world by storm, and among them, Binance Coin (BNB) and Polkadot (DOT) have gained significant popularity. However, a new player, Sparklo, is making waves in the investment world by allowing users to invest in precious metals through NFTs. Let’s explore how Sparklo, Binance Coin (BNB), and Polkadot (DOT) compare in terms of investment potential and market performance.

Binance Coin (BNB) Struggles to Reach $400 Amidst Market Volatility

The Binance Coin (BNB) has been facing resistance at the $350 key resistance point. At the same time, bears take advantage of the high volatility in the cryptocurrency market to push the token’s price lower. Despite indications of a bullish rally towards $400, Binance Coin (BNB) price has been dominated by bears this week, resulting in a 5.5% decrease.

At the time of writing, BNB’s price was $328.7, after a 4.5% overnight dump following Bitcoin’s fall below $30K. Nevertheless, BNB’s market capitalization has remained at $51.16 billion.

The upcoming hard fork barrel upgrade at block height 310,182,000 on April 21 could fuel a bullish breakout in the Binance Coin (BNB) price, according to an official announcement. If buyers hold the $310 support level, the present Binance Coin (BNB) downturn might be a corrective stage before the next bullish push above $400.

Polygon (MATIC) Remains Bullish As Network Upgrades Continue

Polygon (MATIC) has increased in price by more than 28% since the beginning of 2023. Polygon (MATIC) has succeeded in bringing more users and developers onto the network. Since Polygon (MATIC) has emphasized performance, user experience, and security, it is in a good position to contribute significantly to the expansion of the Ethereum ecosystem.

However, Polygon (MATIC), like the rest of the market, has been affected by the Silvergate crisis and the Biden administration’s steps to regulate the crypto sector, leading to a decline in the crypto’s daily volume. Despite this, Polygon’s (MATIC) partnership with Nubank, a Warren Buffet-backed company, and Nike, is viewed positively for the Polygon (MATIC) network.

Sparklo (SPRK) The Biggest Presale Token For Long-Term Investment

Sparklo is in an attempt to become a blue-chip cryptocurrency system. For its investors, the presale, launch, and development will result in millions. The Sparklo project will be powered by its native cryptocurrency, SPRK, an ERC-20 token that allows the on-chain buying and selling of precious metals.

Stage 1 of the Sparklo token presale is already underway, and the cost is only $0.015. Up to 60% of the entire supply will be available during this presale, enabling many people to join the initiative and reap enormous benefits.

Holders of SPRK tokens will also enjoy governance rights in determining its future. The team has locked away their tokens for a thousand days to prevent any unexpected sell-offs that may harm investors. Furthermore, liquidity will be secured for 100 years, ensuring investors can confidently acquire and keep Sparklo tokens.

Sparklo offers a unique opportunity for investors to invest in precious metals through fractionalized NFTs. With its potential for growth and development, Sparklo could be a promising investment opportunity for those looking to diversify their portfolio.

Buy Presale: https://invest.sparklo.finance

Website: https://sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance