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Being in an industry where the short end of the stick is often given, artists need ways where they’re able to thrive without their counterparts, which is the void Alexander Yoseph came to help fill with his app. Inflow — a music platform described as “the first Black-owned cryptocurrency app for musicians” — wants to help its users not only launch their own cryptocurrency but also have “ new methods for independently monetizing.” “What artists like about Inflow is that you are not monetizing your music, you are monetizing access to you,” Yoseph told AfroTech. “So, if an artist is in a 360 deal and they can’t release exclusive music on inflow they can just monetize vlogs, live streams, meetups, etc., as rewards for their token holders. We also are the only app that rewards fans so it’s a win-win scenario.” After creating his idea, the founder’s app caught the attention of leading Ethereum software platform Consensys and open-source research and development laboratory Protocol Labs....
Several reports have shared just how difficult it is to send money overseas, but when the destination is Africa it can be an even bigger burden to deal with limited options, transfer fees and extended processing periods. To help resolve this issue, Lagos and San Francisco-based fintech startup Afriex — a Summer 2020 Y Combinator-backed company — launched a digital payments platform to provide instant, zero-fee money transfers to Africans at home and in the diaspora. Today, it announced a raise of a $1.2 million seed round to continue scaling its platform across the African continent, according to TechCrunch. The round was led by Pan-African VC firm Launch Africa, with participation from other investors such as Y Combinator, SoftBank Opportunity Fund, Future Africa, Brightstone VC, Processus Capital, Uncommon Ventures, A$AP Capital, Precursor Ventures, and Ivernet Holdings. Angel investors for the round included Russell Smith, Mandela Schumacher-Hodge Dixon, Furqan Rydhan, and Andrea...
Each year more technology companies are shifting their focus to create more social impact initiatives. Some are trying to use artificial intelligence to take the implicit biases out of the hiring process, while others are finding ways to provide identification tools for homeless communities through blockchain technologies. Robert Greenfield — the co-founder of ConsenSys Social Impact — is highlighting the importance of social impact initiatives at his company. The ConsenSys Social Impact team researches and solves problems for its partners. The team has worked with the University of Michigan, Human Rights Foundation, Lane Crawford Joyce, and Black Girls CODE using blockchain to provide social solutions to the groups. Despite how useful blockchain technologies can be, many people still do not understand exactly what it is or does. “It’s a background technology,” Greenfield said. “One of the issues in the marketing in the blockchain ecosystem is that they make it seem like it’s a...
This article was originally published on 01/22/2019 The growing world of blockchain has made its way to Howard University with the help of a team of current students and alumni. Howard Blockchain Lab was founded in 2017 by Yohannes Ghebreyesus and Alston Clark, now graduates of the university, and civil engineering major, Johan Greene, after students on the campus began wondering about blockchain’s many uses. The lab organizes events, meetups, and informational sessions to teach students and people in the greater Washington, D.C.-area about the uses of blockchain and cryptocurrency. “The semester was just starting and there was a buzz on campus about cryptocurrency,” Clark said. That year, Ghebreyesus created a group chat with students around campus who were interested in learning about cryptocurrencies. Greene, in a separate venture, was building a team of students who wanted to be on the engineering side of blockchain. “Watching these two make moves on opposite sides of the campus...
Black Girls Code has partnered with blockchain software technology company, ConsenSys, to launch an international training program aimed at helping young Black girls learn about cryptocurrency and the foundations of blockchain technology. Students in the program will get the opportunity to participate in blockchain developer conferences, including a hackathon sponsored by ConsenSys. “The ConsenSys team has consistently impressed me with their commitment to creating pathways for access and inclusion within the blockchain ecosystem and their passion for introducing these tools to the next generation of coders,” said Kimberly Bryant, Black Girls Code’s CEO to Forbes. The curriculum will reach Black Girls Code chapters all over the world, from Oakland, New York City, Atlanta and Johannesburg, South Africa, according to Forbes. Black Girls Code has introduced 60 young women of color to blockchain technology since last August, educating students on how to make their own smart contracts...