Partnerships

F1 Monaco GP: Bybit’s Red Bull Racing NFTs, crypto-F1 partnerships and more

From NFTs and fan tokens to multi-year partnerships, the crypto community continues to support the F1 landscape in numerous ways. Crypto has taken over the world, and Formula 1 was no exception to the disruption. From nonfungible tokens (NFTs) and fan tokens to multi-year partnerships, the crypto community continues to support the F1 landscape in numerous ways. Monaco Grand Prix 2022 saw F1’s fastest pit crew, Oracle Red Bull Racing (ORBR), partner with crypto exchange Bybit to launch ORBR’s 2022 NFT collection — minted on the Tezos blockchain. The limited-edition NFT collection is made available via an auction, wherein bidders get to collect digital collectibles representing various aspects of Red Bull’s past, present and future. Speaking to Cointelegraph editor-in-chief Kristina Cornèr, ...

WEMIX gains 200%+ after stablecoin and boosted staking rewards announcement

Blockchain-based gaming, also known as GameFi, is an up-and-coming sector that could potentially be one of the primary catalysts for kickstarting the mass adoption of blockchain technology. WEMIX, a gaming protocol that operates on the Klaytn network, aims to get in on the GameFi revolution and this week, the project’s native token (WEMIX) rallied even as the wider market continued to sell-off. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $1.27 on May 12, WEMIX price climbed 269% to hit a daily high at $4.70 on May 25 as its 24-hour trading volume increased to $652 million. WEMIX/USDT 1-day chart. Source: TradingView Three reasons for the price reversal for WEMIX are the upcoming launch of WEMIX 3.0, a series of project launches and partnershi...

Oak View Group’s Acrisure Arena Strikes Social Impact Partnership With Stand Together

Entertainment development company Oak View Group has tapped community nonprofit Stand Together as the exclusive social impact partner and one of eight founding partners for Acrisure Arena, an OVG-owned and operated venue set to open in the greater Palm Springs area in December, the company tells Billboard. Stand Together will also serve as the social impact partner for the arena’s home team, the American Hockey League’s Coachella Valley Firebirds, who will be debuting in October 2022. In addition, the organization will serve as the arena’s music series title sponsor. “There is no denying the remarkable power of music to bring people together. With the launch of Acrisure Arena and our partnership with Stand Together, we will harness the power of music to bring people together and create mov...

Museums in the metaverse: How Web3 technology can help historical sites

Metaverse events at ancient and historical sites could soon shape up to be an alternate future for tourism. Owners of physical castles and villas who have drafted up augmented reality blueprints of their properties think their ambitious plans to attract visitors in the metaverse will work, as virtual events can help them pay the hefty maintenance bills for their aging properties and also offer a chance to change historical narratives. The metaverse tourism model was expedited by downturns in tourism brought about by COVID-19, but the industry may have already been heading that way.  Currently, major metaverse platforms are clunky, difficult to use and waiting for more “real estate” development, but firms are concentrating on what could be. Brands seem to be entering the metaverse en m...

Major crypto firms and groups form coalition aimed at promoting ‘market integrity’

Several cryptocurrency exchanges and advocacy groups across different countries have banded together to form a coalition intended to fight market manipulation. In a Monday announcement, market surveillance firm Solidus Labs and exchanges including Bitstamp, Coinbase, BitMEX, and CrossTower said they would be launching the Crypto Market Integrity Coalition, or CMIC, asking all other companies involved in the crypto space to follow their example. According to the CMIC, members must pledge to encourage “a fair digital asset marketplace to combat market abuse and manipulation and promote public and regulatory confidence” in crypto. The group’s 17 founding members includes U.S.-based crypto advocacy group Chamber of Digital Commerce, United Kingdom-based self-regulatory trade association Crypto...

NNPC commits to ensuring energy sufficiency, wealth creation for Nigerians

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to guarantee energy security and drive wealth creation in Nigeria. The Group Managing Director of NNPC, Mallam Mele Kyari, made this assertion while delivering the keynote address at the 2021 Nigeria Oil and Gas Conference and Exhibition (NOG 2021) on Tuesday in Abuja. Speaking on the topic: “Vision and Priorities for Nigeria’s Energy Transformation,” Mallam Kyari stated that for a nation with a teeming youth and a developing economy, Nigeria needed the right policies to unlock its huge economic potential, stressing that NNPC was working towards bridging the energy gap to multiply wealth for its varied stakeholders. “We see a nation that m...

Africa on cusp of the third wave of coronavirus facing a vaccine shortage

Africa is heading into a third wave of coronavirus infections as the least-inoculated continent faces a shortage of vaccines. African nations reported 94,000 new cases in the week through June 6, a 26% increase. South Africa announced the most new cases, followed by Tunisia, Africa Centres for Disease Control & Prevention Director John Nkengasong said in an online briefing Thursday. “Fourteen or so of our member states are now heading toward the third wave, and aggressively so,” he said. “It really highlights the need for us to roll out vaccines at speed and at scale.” Only 2.8% of Africa’s population is inoculated, compared with a global average of 14.5%, according to Africa CDC and Bloomberg Economics data. The program has slowed because of interruptions to supply from India, where m...

Belgium coach: Kevin De Bruyne’s Euro 2020 participation still unclear

The possibility of Kevin De Bruyne competing for Belgium in the European Championship remains unclear as he recovers from facial fractures, coach Roberto Martinez said on Wednesday. The midfield talisman broke his nose and eye socket in a clash in the Champions League final last weekend but it would be days before Belgium were clear about his chances of competing, Martinez told reporters. “I would say that until next week we won’t know exactly where we are with Kevin. Now, allow him now to relax. “He could be available for the Euros but when, we don’t know at the moment. It’s too early to give you an answer now, we must first get the green light from the medical side.” De Bruyne had been scheduled to join up with Belgium’s squad just days before their opening Group B match against Russia i...

Sustaining economic empowerment through financial inclusion, energy access

Financial inclusion and provision of sustainable energy is at a turning point in Africa’s largest economy, Nigeria. With a population of over 200 million, about 50 per cent of the total population live in rural areas, and only 39 per cent of those living in rural communities have access to electricity. This is in addition to over 40 per cent of the entire population who are financially excluded or underserved. However, the proliferation of digital financial services in Nigeria – powered largely by growth in fin-tech companies – has catalysed an unparalleled increase in the current number of people with access to formal financial services, while further opening up opportunities to address power supply challenges across rural communities; a major feat instrumental towards achieving the broad...

NMA: Worsening insecurity affecting healthcare delivery

File Photo The Nigerian Medical Association (NMA), has raised the alarm over the poor delivery of healthcare services, as a result of the worsening state of insecurity in the country. This was contained in a communique signed by President of the NMA, Prof. Innocent Ujah and the Secretary General, Dr. Philips Ekpe, issued at the end of the NMA’s Annual General Conference and Delegates Meeting held in Jos, and made available to newsmen on Wednesday in Abuja. The NMA urged the Federal Government to renew efforts to quickly bring what was described as a “humanitarian disaster” under control, and appealed to all citizens to jettison dangerous unpatriotic and tendencies. The communique reads in part: “The Conference is saddened by the worsening spate of killings, maiming, kidnapping, banditry, a...

NALDA to establish integrated farm estate in Ogun

The National Agricultural Land Development Authority (NALDA) says it has concluded plans to establish an integrated farm estate in Ogun State. The agency also said it would set up a cassava processing plant and train 200 graduates in the state in soil testing technology. These moves according to NALDA are in line with its determination to boost the Cassava value chain and job creation for youths in the country. The Cassava processing plant would compliment the Integrated Farm Estates to be established in the three Senatorial zones of the state. The farm estate would comprise of different agricultural activities which includes farming, processing and packaging areas, commodity market, residential areas and schools. Executive secretary of NALDA, Prince Paul Ikonne made this disclosure when h...

CBN governor seeks PPP model to improve healthcare infrastructure

Bloomberg The Central Bank of Nigeria (CBN) has urged stakeholders in the public and private sectors to collaborate to build a more healthy and robust healthcare infrastructure in Nigeria. The CBN Governor, Mr Godwin Emefiele, made the call at a movie launch titled: “UNMASKED”, a feature documentary on leadership, trust and the COVID-19 pandemic in Nigeria. The movie was produced and directed by Mr Femi Odugbemi, a Nigerian documentary filmmaker, and co-produced by Ms Kadaria Ahmed, a renowned journalist, media entrepreneur and television host, on Friday in Lagos. According to Emefiele, addressing the public health crisis along with the downturn in the economy required strong coordination. He said the measures and interventions put in place by the CBN and private sector to improve governme...