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3 Crypto Gaming Projects To Keep An Eye On: FreeWoly (FWOLY), The Sandbox (SAND), and Axie Infinity (AXS)

By
TI Partners
-
0

Gaming tokens are steadily gaining prominence and widespread adoption in the crypto space. As a means of interaction and navigation within crypto games, gaming tokens are used to unlock additional money-making features or as in-game assets to leverage. Freewoly (FWOLY), The Sandbox (SAND), and Axie Infinity (AXS) are three gaming tokens that have the potential to succeed.

The Sandbox (SAND) – The Rise To The Top

The Sandbox (SAND) is already one of those valuable crypto gaming tokens in the market with a coon market capitalization of close to $2 billion at the time of writing. The Sandbox (SAND) has gained prominence and widespread adoption due to its varying virtual reality games with low-cost transactions. The Sandbox (SAND) token is touted to boom bigger with virtual real estate forays with the Metaverse in view.

The Sandbox (SAND) already has over 2 million active monthly players on its blockchain, with more expected to join. Other VR apps are being worked on to use Sandbox (SAND) as their token currency.

Axie Infinity (AXS) – Unique Crypto Gaming

Axie Infinity (AXS) is a unique play-to-earn trade and battle game hosted on the Ethereum (ETH) network. Many crypto analysts have touted Axie Infinity (AXS) to boom with the mainstream status of the Metaverse due to its NFT and P2E system. With Axie Infinity (AXS), players get to play games to reach certain reward stages – they get rewarded with unique digital character pieces which they can sell as NFTs!

This unique concept has sold Axie Infinity (AXS) so big that it houses significant P2E gamers. The Metaverse is gaining fast-paced prominence and adoption and Axie Infinity (AXS) could be on track to become one of the biggest players in the space.

What Will FreeWoly (FWOLY) Bring To The Crypto World?

Another gaming token that aims to establish itself in the crypto sphere is FreeWoly (FWOLY). FreeWoly (FWOLY) is bringing the exciting prospect of Augmented Reality (AR) into gaming, and with its flexible reward mechanisms, there will be a lot of financial benefits.

Freewoly (FWOLY) takes you into the Augmented Reality (AR) world of Woly, a sheep that looks to conquer the world by building a successful farm. So, your job is to help Woly navigate the outside world without coming to any harm and help him build up a successful farm. The more successful the farm, the more FWOLY coins you earn, which you can exchange for real currency on various decentralized exchanges!

FreeWoly (FWOLY) aims to bring players the best of both worlds – the interactivity of Pokémon Go with the challenging strategy elements of Farmville. The combination of the two games will create a highly entertaining and stimulating game, with the opportunity to generate a loyal following and community. Each animal in the game is minted as a unique NFT that can be traded with other players. Rarer types of animals with unusual characteristics are more highly valued and will be worth more tokens.

The FreeWoly(FWOLY) ecosystem will include a marketplace where people can trade the NFT animals or even sell their farms in exchange for tokens. This way, the FreeWoly(FWOLY) ecosystem becomes profitable for players, developers, and investors.

If you buy FWOLY tokens using USDT ERC-20 deposits, you get a 13% bonus and a whopping 100% bonus on your 4th purchase, among other fantastic bonus offers.

https://farm.freewoly.io/register

Big Eyes Will Beat Dogecoin Competition And Pump In A Bear Market

By
TI Partners
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0

Memecoins are quite popular for the incredible chances they offer buyers to become rich overnight. Top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) had massive pumps in 2021 and kickstarted the bull run of the 2021 cryptocurrency market. This year, the cryptocurrency market is performing badly. There have been several attempts to help the market gain some strength to build upward momentum, but it’s safe to say the market is not ready for it.

Big Eyes is a new meme coin presently on presale, predicted to quickly beat Dogecoin to conquer the meme coin market and make buyers some profit. This is because it is believed that Dogecoin(DOGE) and its other top meme coins have become too big to usher in new liquidity to help the cryptocurrency market trend upwards.

Recently, the dogecoin community launched the dogechain, a pseudo-L2 solution that brings crypto applications like DeFi, gaming, and NFTs to the DOGE community. The dogechain has considerably seen some volume, and rumors of an airdrop are coming. It seems like a very promising development that could make users some decent money.

However, Big Eyes seems much more likely to beat the competition Dogecoin(DOGE) is posing because it’s a new project and is offering entry to users at a very low price.

Dogecoin(DOGE)

Dogecoin (DOGE) is the first and largest meme coin in the cryptocurrency market. It has a history of thriving in bear markets, as seen from the 2021 bull run after Elon Musk tweeted about the token. It was also launched in a bear season that swept through all financial markets, but it managed to perform well while being a major internet meme.

Today, several DOGE-derived meme coins have struggled to replicate their success except for Shiba Inu(SHIB). Despite being a first-generation cryptocurrency, Dogecoin hasn’t been able to pull anything interesting in the cryptocurrency market until this recent launch of Dogechain.

Dogechain allows users to bridge DOGE over to the chain as wrapped DOGE (wDOGE) to tap into DeFi services and potential dApps, including NFT marketplaces. The dogechain had a trading volume of over $20 million in the first week of its launch and airdrop announcement and could also be something to anticipate.

Big Eyes

Big Eyes is a new meme coin project launching into the market with an original narrative that could become potentially really profitable for early adopters. Big Eyes’ is a fully-fledged community token with the explicit purpose of transferring wealth into the DeFi ecosystem and safeguarding a crucial area of the global ecosphere. Community tokens are significant revenue producers for the neighborhood and charities. By utilizing NFTs to provide access to more content and events that make the ecosystem well worth boarding, Big Eyes wants to give more by creating a blockchain ecosystem that self-propagates for hyper-growth.

Big Eyes has a marketing plan to introduce new money into the ecosystem, which could be a reason for the token to provide x10 to x100 quickly, and even beyond that depending on presale buyers’ target. The token is poised to become a sensational internet meme that would bring life to crypto communities across platforms like Twitter.

And beyond that, Big Eyes will contribute to several humanitarian causes around the world. Being an early adopter is one of the advantages you could have in crypto, and seeing that Big Eyes promises to have incredible traction soon, this looks like the smartest buy of the moment.

https://bigeyes.space/#signup

ArabyAds Raises $30m in Pre-Series B Funding Round from AfricInvest

By
Samuel Nwite
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0

The African tech ecosystem has been thriving on fintech, logistics, edtech etc., a new sector is gradually rising up to take a place among the others.

Adtech startups in some African regions have caught the attention of investors, who are now betting big on the companies’ growth potential. The latest among them is Egyptian ArabyAds, a growing force in the MENA region’s ad space.

ArabyAds announced that it has raised $30m in a Pre-Series B funding round from AfricInvest, a pan-African investment platform managing multiple alternative asset classes including private equity, venture capital and private credit.

“We are delighted to welcome AfricInvest as one of our long-term investors and thank them for placing their trust in our vision to build value for all stakeholders in the ecosystem. ArabyAds is committed to transforming the digital advertising landscape with innovation and has been leading the way to deliver performance advertising with its platform offerings,”Mahmoud Fathy, CEO and co-founder of ArabyAds said.

“Our fundamentals are strong, and as one of the fastest and profitably-growing companies in the MENA region, ArabyAds is now looking to expand its presence in newer markets where it can leverage its scalable, secure, and end-to-end platforms to help e-commerce businesses scale effortlessly across the globe,” he said.

The transaction marks the eighth investment for AfricInvest’s Maghreb Private Equity Fund IV, which provides growth capital to small and mid-cap companies to expand regionally and across the African continent, spurring productivity growth and sustainable job creation.

ArabyAds will use the new financing to expand its footprint and further invest it to accelerate its technological advancement and talent acquisition to support the growth.

 “This funding round enables us to increase the pace of our international expansion, providing ArabyAds an opportunity to further deliver meaningful technology solutions to e-commerce companies globally. At ArabyAds, our vision is to create a sustainable business with financial prudence and I am sure we will be able to replicate our success story in the new geographies as well,” Gulrez Alam, chief investment and strategy officer at ArabyAds said. 

Founded in 2013 in Egypt, with headquarters in the UAE and tech hubs across Egypt, Tunisia, and Jordan, ArabyAds helps advertisers in customer acquisition, retention, and monetization by leveraging its technology platforms for influencer marketing (iConnect), Coupon based advertising (Boostiny), retail media (Ritelo), live commerce (Dmenta), and on-device contextual advertising (Deviceboost).

The startup leverages innovation and delivers measurable results to its advertisers with data-led, transparency-first & omnichannel marketing.

Skander Oueslati, chief investment officer at AfricInvest says the investment is in line with the company’s goal to disrupt the adtech industry through innovative technology.

“We are pleased to partner with ArabyAds at a time when the technology company is looking to further disrupt the AdTech industry through its transformative technology platforms. ArabyAds has established a strong brand and excellent reputation in the MENA region and is widely recognized for its reliability and expertise in digital marketing and advertising,” he said.

Apple Sets September 5th As Deadline For Employees To Return Back To The Office

By
Ojukwu Emmanuel
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0

Recall that the covid-19 pandemic necessitated a paradigm shift in the workplace, that saw employees resort to working remotely. As the virus receded, many companies began setting return to work. Recently, a large percentage of employers are now demanding that employees return to the workplace.

After two years of working remotely, American multinational technology company, Apple has ordered its employees to resume work at the office for at least three days a week from September 5th, 2022. The company workers will be mandated to be in the office on Tuesdays and Thursdays, with one additional day to be determined by individual teams.

This is Apple’s latest attempt to get its employees back to the office, as it disclosed that this new policy would initially be implemented in silicon valley, before being extended to other workplaces. The new policy was implemented a few weeks after Apple decided to abandon its requirement for masks in common areas of offices.

Apple’s new order of return to the office, has however irked some of its employees who are hesitant to return to the workplace. The company currently wants all hands on deck as it is set to release its latest iPhone 14 and new watches as well as updated Macs and loads, which are also being prepared for release this year.

Employees at Apple seem to have loved the remote mode of work, as they argue that they are able to perform just as well when they work remotely as when they are in the office. Apple’s employees have proceeded to make their thoughts heard through a petition, demanding location flexible work, that went in circulation among its employees over the weekend.

The petition written by workers at the company, titled “Apple Together”, claims that employees have been doing exceptional work throughout the pandemic whether they have been working from home or the office. In April, several of Apple’s employees suggested that they were willing to quit over the company’s return to office policies.

Although several companies have implemented permanent work-from-home policies for employees, such as Spotify, Reddit, etc, Apple did not implement this policy, as the company has made it clear that employees would need to return in person for effective collaboration. Following the demand of  employees back to the workplace, Apple’s CEO Tim Cook reveals that working remotely is not entirely bad, however, there are some things it cannot replicate.

In his words;

“For all that we’ve been able to achieve while many of us have been the truth is that there has been something essential missing from the past year. Video conference calling has narrowed the distance between us, to be sure, but there are things it cannot replicate”.

Experts have disclosed that low-quality meetings often translate into less productivity. With Apple’s three days work policy, the company appears to be more inclined towards the line of offering workers a hybrid strategy which is still somewhat flexible.

As the covid-19 virus seems to be almost non-existent, it is interesting to note that Apple is not the only company that wants its workers to return to the office. It has been reported that about 50% of companies across the globe want workers back in the office.

Tesla CEO Elon Musk has already demanded that workers at the company should quit working remotely and return to the office full-time, or quit their job. Goldman Sachs is already back full-time, and 90% of JP Morgan’s staff presently go to work at least three days a week.

A survey tracking remote work since the early pandemic shows more companies are coming around to a post-pandemic hybrid work schedule with an average of 30% of workdays done from home compared to 5% pre-pandemic period.

The Regulatory Framework Governing International Mobile Money Remittance Services (IMMRS) in Nigeria

By
Emmanuel Ifeanyi Ogbuka
-
0
Naira USD

In one of my previous articles, i explained the Regulatory Framework governing International Money Transfer Operator (IMTO)Services  in Nigeria as well as its scope in terms of permissible and non-permissible activities.

In this article, the topic will be International Mobile Money Remittance services, a sub-category of Mobile Money Operators (MMO) in Nigeria and the focal points treated therein will be :-

– The Regulatory Framework governing IMMRS

– The permissible and non-permissible activities allowed for IMMRS

– The recognized participants in an IMMRS venture

– The licensing requirements for IMMRS

What is the Regulatory Framework governing IMMRS in Nigeria?

IMMRS licensing and operation in Nigeria is governed by the Central Bank of Nigeria which maintains a Regulatory oversight through the Banks and Other Financial Institutions Act (BOFIA) and mainly the CBN Guidelines on International Mobile Money Remittance Services in Nigeria 2015(or ‘the guidelines’) with the following objectives:-

– The provision of minimum standards and requirements for the operation of International funds remittance over/via mobile services in Nigeria.

– The specification of delivery channels for offering International funds remittance over mobile devices in a cost-effective manner.

– The provision of an enabling environment for International funds remittance over mobile devices in the Nigerian economy.

– The provision of broad guidelines for the implementation of processes and flows of International Money Transfer services, from initiation to completion.

What are the permissible and non-permissible activities for IMMRS in Nigeria?

Permissible Activities

– Inbound remittances via Mobile phone transfers & other hand held devices to persons resident in Nigeria & foreign visitors in Nigeria.

– Outbound Person-to-Pereson remittances from Nigeria to beneficiaries in other countries for purposes of family maintenance and personal expenses.

Non-Permissible Activities

– The facilitating of transactions or rendering remittance services for corporate customers.

Who are the participants in an IMMRS venture?

A typical IMMRS scheme in Nigeria is made up of the following participants :-

– Banks 

– Mobile Network Operators

– Infrastructure Providers

– Consumers

What are the licensing/authorization requirements for IMMRS in Nigeria?

Institutions seeking to venture into IMMRS will have to send through their lawyer an application for an authorization to the Central Bank of Nigeria which may be granted as long as:-

– The applicant holds a Mobile Money Operators license (this is a license category also governed by the Central Bank of Nigeria, you can consult your lawyer on how to secure this type of license).

– The applicant, if a foreign-based entrant, is a registered corporate entity licensed over there to engage in monetary transfer activities.

– The applicant has a net worth of $1 Billion (strictly for Foreign applicants).

– The applicant is established in at least 20 countries in with at least 10 years experience.

– The applicant is in a partnership with an authorized dealer bank in Nigeria.

– Foreign-based companies seeking to render IMMRS services in Nigeria need not be licensed by the Central Bank of Nigeria but must obtain an approval from the CBN to operate in Nigeria. 

– Institutions seeking IMMRS licensing have to be preferably registered as Consortiums and in addition to the main application to the CBN for authorization have to submit the following:-

a). Evidence of the formation of the consortium that will deploy the IMMRS project (a Certificate of Incorporation).

b). The consortium’s profile & functional contact details.

c). A shareholding structure of the Consortium.

d). Statutory CAC forms for Returns on Allotment of Shares as well as Particulars of Directors.

e). CVs of the board of directors/management of the Consortium.

f). A Business plan of the Consortium.

g). The IT policy of the Consortium.

h). The Enterprise Risk Management Framework of the Consortium.

i). The Contingency & Disaster Recovery Plan(Business continuity programme) of the Consortium.

j). Draft agreements with the following:-

– Technical partners

– Participating banks

– Switching companies

– Merchants

– Telecommunications companies

– Any other party

k). Project deployment plan

l). Evidence of payment of a non-refundable application fee of 1 Million Naira.

What are the operational requirements for IMMRS Operators in Nigeria?

IMMRS operators in Nigeria must :-

– Be issued with a unique code by the Nigerian Interbank Settlement by NIBBS. 

– Be issued a unique short code by the Nigerian Communications Commission.

– Ensure that its Telecommunications equipment is the type approved by the Nigerian Communications Commission (NCC).

– Register users of the scheme based on Tech standards and the requirements of the guidelines.

– Ensure “Know – Your – Customer” (KYC) requirement compliance in its user registration process.

Conclusion :- It is hoped from the above write-up that a clearer understanding of the Regulatory Framework governing International Mobile Money Remittance services as different from International Money Transfer Services has been achieved going forward.

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