A few months after the Federal Government launched the first electric vehicle in Nigeria, the Hyundai Kona assembled by Stallion Motors, it commissioned a solar powered electric vehicle charging station in Lagos.
The charging station, which was built and commissioned by the National Automotive Design and Development Council (NADDC) at the University of Lagos, has become a big boost to Nigeria’s quest for electric vehicles.
Charging stations have been one of the biggest challenges of Nigeria’s desire to transit from fossil fuel-powered vehicles to electric vehicles. The challenge, which was compounded by the country’s poor electricity supply has discouraged many who have the desire to own and use EVs in Nigeria. But the newly commissioned charging station, which makes it two in the country, is creating a path for increased interest in locally made electric vehicles.
The DG of NADDC, Engr. Jelani Aliyu, said the charging station is 100% solar powered with installation consisting of 60 PV Monocrystalline Solar arrays (panels), which have a capacity of 86.4 kilowatts per hour. The Power bank consists of 36 units of dry cell, deep cycle batteries of up to 95Kwh storage capacity.
The system provides ordinary 13A and 15A sockets that can support all types of normal chargers. The station also provides a 7.4kw CCS fast charger and can support up to 11kw types, he said.
He further explained that it also comes with three online-offline 5KVA Hybrid inverters synchronized together to give 15 KVA/48 WATTS, as well as 36 units of Deep Cycle Gel batteries with an output of 48 volts/19 and 0.
Aliyu added that the monitoring and evaluation team shall consist of experts from NADDC, University, Hyundai and relevant stakeholders.
To test the effectiveness of the charging station, Hyundai Kona EV, the Jet EV Van and the Electric Vehicle developed by the engineering students of the University of Lagos were charged.
Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo said the development was part of the Muhammadu Buhari-led government’s initiative to promote advanced technology transfer and the development of domesticated human capital.
For my ministry, programs such as these are the lifeblood of everything we are trying to achieve.
This charging station has been developed by the NADDC in its effort to promote applicable local solutions for vehicle electrification in Nigeria. It will offer students firsthand experience with the latest innovations in mobility and renewable power technology.
It is strategized to be an effective platform for focused research and development to even more applicable viable electrification solutions for Nigeria and Africa, he stated.
While the new charging station signals a change of attitude by Nigerian government, which has for long opposed any move for transition to environmentally friendly vehicles, it significantly falls short.
For a country of more than 200 million people with states, cities and towns spanning across 923,768 km land mass, two electric vehicles charging stations is too poor to start with in 2021.
On Saturday, July 17, at Tekedia Live, the live version of Tekedia Mini-MBA, I will speak on “Planning a Career in a New Country”. My presentation will be divided into three phases: before you leave home country, the early years in a new country, and maturity years in new country. I will share some things which worked for me and some lessons learned!
Sat, Jul 17 | 7pm-8.30pm WAT | Planning a Career in a New Country – Ndubuisi Ekekwe | Zoom link in the Board.
Due to the demand, registered or registering Tekedia Mini-MBA edition 6 (Sept 13 – Dec 6) members can ask for the Zoom link from Admin.
Register for the next edition of Tekedia Mini-MBA here and join this before your edition.
While the planet is struggling with a pandemic, the field of contemporary art, like slots online Canada casinos that are flourishing now, has gone online. The virtual world has become for her not a forced refuge, but a platform for development and innovation. So, now all the attention of art connoisseurs and collectors is focused on NFT-tokens or virtual digital units in the blockchain network. Is the role of NFTs in the art market that significant, and can they change it once and for all?
Understanding What Crypto-Art Is
NFT-tokens are a kind of digital certificate, which confirms the right to own a virtual asset, be it an image, a video, or audio. Virtual objects could be bought before the appearance of NFT, but before NFT, there was no record of the data of the rights holder – now it is openly stored on blockchain platforms. Even after an NFT object is sold, it remains on the Internet: anyone can download it, print it out, and, for example, hang it on the wall, but the original belongs to the buyer.
Everybody is selling tokens right now: first, the blockchain company Injective Protocol burns a live painting by Banksy to turn the performance into a digital object, then Edward Snowden sells his token for 5.5 million dollars, and the singer The Weeknd announces his new song in the NFT format. Thanks to tokens, it’s easy to make a fortune in seconds: singer Grimes made almost $6 million in 20 minutes, and artist Beeple made $69 million for just one painting.
The Boom in the Crypto-Art Market
On the one hand, the boom in the crypto-art market is a legitimate event both in terms of technical progress and coronavirus limitations. In addition, the NFT-market makes life easier for artists: they do not need to work through intermediaries anymore to sell their works – all they need is to have an account on a special resource and to pay a small commission for the service, which is especially beneficial for beginners. Such an initiative also makes it possible to better monitor compliance with copyrights and stop the distribution of pirated material, and streaming services can license films and serials more quickly.
First, this kind of art is vulnerable to server failures and fraud attacks. For example, many artists have been attacked and had their works in the public domain illegally assigned NFT codes. As a result, scammers stole numerous art objects and began actively reselling them. Second, although blockchain platforms themselves pay special attention to copyright, this process has not yet been regulated at the legislative level in many countries. Also, purchasers only get the right to dispose of the token, but the creator still holds the copyright. In short, there are significant changes in the legal field, but the final unification of all norms and rules is to be worked on and worked on.
Crypto-Art Has Found Its Niche in the Art Market
However, the conversation about NFT-tokens is more interesting. The excitement around virtual art objects reflects an important feature – people are willing to pay not for the content, but for a certificate of authenticity, which is characteristic of the entire art market. A case in point is Peter Paul Rubens’ painting “Portrait of a Lady”, which for almost 140 years was considered to be the work of his student: after the discovery of the true authorship of the painting, its price skyrocketed by 40 times. Now the identity of the creator and the buyer prevail over the work of art, while it is secondary and, like crypto-art, can be copied and reproduced tens of millions of times with the consent of the rights owner.
In addition, the boom on the NFT-market testifies to the urgent problem of copyright regulation on the Internet, where against the background of the rapidly increasing number of users and content, uniform and working mechanisms are needed to struggle against pirated content. The popularity of streaming services for watching movies and listening to music is another step on the way to licensing Internet materials and finding a compromise with the interests of users, who are used to using torrents. At the same time, there is no fear that the World Wide Web is turning into a particularly controlled place with anti-utopian rules and orders – probably the Internet will remain free, but with certain reservations.
But this is a talk about the future, but for now, already this year the market capitalization of the NFT can increase 3-4 times in comparison with 2020. And this is another argument to pay attention to the new art-sphere. After all, in 2021, the virtual world sometimes becomes much more real than the offline world – especially in times of social distance and masked mode.
Communicate with a higher purpose and build a tribe of innovators & growth makers as you pursue your business mission. More people will join you on a mission to the “moon” than to go and dig a ground in your village.
I want to “unite African payment” is far better than I want to have a “platform for people to pay”. I want to “help people live fuller and healthier lives” is better than “I want to build a clinic”. That distillation anchors many things.
If you cannot communicate, you go alone. Unfortunately, that may be the end of the mission. Raise the mindsets of your team, make them see a future unbounded by their individual capabilities. Give them a PURPOSE and never a role! A role is scalar (action magnitude) but a PURPOSE is a vector (action with direction).
GREAT COMPANY = Awesome products + superior execution.
You get great executors when you have men and women on a purpose.
Do you know the future? What does the future look like? Have ever wondered if the future and the present have any difference?
Well, the future of Bitcoin and Cryptocurrency is one that will surprise the world, including you and me.
Have you ever imagined if Bitcoin becomes $500,000 in the future what you will do? Well, this may sound weird and not possible but that is far from being weird and impossible.
Ark Invest CIO, Cathie Wood has predicted based on her experience that BTC has that latent potential.
What I will do when Bitcoin becomes $500K is what I have been doing. It is to continue to work on the levers of education and innovation to accelerate the adoption of Crypto.
As I have been telling you, the Blockchain and Crypto industry has the potential to add trillions of dollars to the global GDP, when it happens your life will be transformed economically. However, the future will benefit those that create it.
Therefore, the next wave of Bitcoin will partly be determined by three players, Jack Dorsey, Elon Musk and Michael Saylor.
I will be showing you how in this article.
Jack Dorsey of Twitter
How Jack Dorsey will Determine the Next Wave of Bitcoin
One of the special attributes of tech leaders is that they can spot the trends. According to CNBC Jack Dorsey said, “if he were not working on Twitter and Square, he would be working on Bitcoin”. He believes that Bitcoin will become the native currency of the internet.
Here are the two ways he will contribute to the next wave of BTC.
B-Word Conference and Initiative
According to Decrypt Jack Dorsey created the B-word initiative with the core aim of educating institutional investors to embrace Bitcoin. One of the levers to leverage for the mainstream adoption of crypto is education.
This is also at Trenndify core leveraging strategy. The B-word conference is to come up on July 21st, 2021 where Cathie Wood will be a guest and Elon Musk who is Bi-curious will also feature.
What this will do is that it will help to re-educate the investors’ community about Bitcoin thereby promoting an increase in adoption. The next thing Jack Dorsey is doing for the Bitcoin community will amaze you.
Square and Jack plan for Bitcoin
Jack Dorsey has some impressive plans to scale the adoption of Bitcoin. He believed that Bitcoin is the hope for the financial inclusion problems of developing countries.
Square will be creating a non-custodial wallet for Bitcoin and there are other innovations that will be integrated with Bluesky that are aimed at making Bitcoin gain increased adoption. For instance, innovation such as Lightning Network can scale massive adoption because it promotes microtransaction.
What if this is integrated into Twitter?
Now, Michael Saylor initiatives will inspire you. Here they are;
How Michael Saylor will contribute to the next wave of Bitcoin
One of the Bitcoin adoption proponents is Michael Saylor, he is a major force in the community. He is a futurist, who believes that wealth cannot be preserved in gold, bonds or financial derivatives but instead in Bitcoin.
Here are the two things he is doing that will impact the next wave of Bitcoin positively.
Micro Strategy investment
Michael Saylor is the chairman and the CEO of Microstrategy, an enterprise software company. Over the years he has converted part of the company balance sheet to Bitcoin and he has continued to buy more dip.
For instance, during the miner capitulation due to China Crackdown on Bitcoin mining activities, the price of Bitcoin dipped to $29k, he bought. This has helped the demand side of the Bitcoin market that works based on the free market mechanism.
He has since then been teaching others his Bitcoin investment playbook and strategy. This will go a long way to help increase adoption. That does not end there; he is doing more to help the community.
Saylor and the Bitcoin Mining Council
A sustainable environment is a core UN principle and the adoption of renewable energy is important. Concerns erupted from investors, government and policymakers over Bitcoin mining electricity consumption, that it has a negative impact on the environment.
Therefore, Elon Musk who previously invested and announced that Tesla will be accepting BTC for payment said they will stop until a sustainable solution is found. In reaction to this, Michael Saylor formed the Bitcoin mining council to promote transparency and to educate the public about Bitcoin and Bitcoin mining.
This will help to report the hashrate and electricity consumption data of Bitcoin mining.
Finally, is the Elon Musk effect still effective or has it decayed like the concept of radioactive decay?
As Tesla freezes on BTC, the coin may have a challenge
How Elon Musk will Contribute to the Next Wave of Bitcoin
Elon Musk is the world second-ranking billionaire based on the Bloomberg Billionaire Index. He has wielded great power in the Bitcoin community as his tweets tend to impact the demand and supply of Bitcoin thereby causing a rising or dipping of coins.
Here is how he could further contribute to the next wave of Bitcoin;
Tesla Acceptance of Bitcoin for Payment
Elon tweeted that Tesla would stop accepting Bitcoin for payment due to energy concerns. He charged the miner community to consider renewable or sustainable energy, and that Tesla would start accepting Bitcoin when great progress is made.
Great progress has been recorded as the Miner council reported a 56% sustainable energy mix in the second quarter of 2021.
What that means is that Bitcoin mining is now environmentally friendly. So, will Tesla resume accepting Bitcoin as a payment method? If it does, the price of Bitcoin may return to $62k in a short time or attain a new all-time high (ATH).
The best part is this…
Elon Musk Effect and Radioactive Decay
Elon musk has perfected a marketing strategy that he can use to influence anything. His fans believe his words, and apart from the mere belief they act on his tweets.
The way he tweets and what he tweets have significantly affected the Crypto market and the stock market likewise. While Doge has been favoured by his tweets, BTC has been impacted negatively due to energy concerns.
If he becomes positive about Bitcoin, then it may have a positive impact on the price of Bitcoin. But, the Bitcoin community wants the Elon Effect to fade, and not to have much power as it has been.
However, the best thing to do is to create the future you want. For Bitcoin the future is already being created. Through the activities of these great figures, the future of Bitcoin is promising. As Satoshi said, Bitcoin is a peer to peer currency, the internet native currency.
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