Flutterwave, a Nigerian fintech startup, has partnered with the Economic and Financial Crimes Commission (EFCC) to establish a cybercrime research center. This strategic initiative aims to intensify the fight against internet crime, enhance the security of business transactions, and provide opportunities for Nigerian youth. The partnership was formalized through a Memorandum of Understanding (MoU) signed […]
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‘Spraying’ Naira Notes Causes Depreciation, Warns Nigerian Anti-Graft Body
The Economic and Financial Crimes Commission (EFCC) has issued a warning against the practice of spraying naira notes at social events, emphasizing that it diminishes the dignity of the currency. In a recent post on its official X page, the Nigerian anti-graft agency urged residents to respect the naira and avoid ridiculing it. The EFCC […]
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The World Isn’t Body Positive But the Metaverse Can Be
It is no secret that the world we live in is not very accepting of all body types. The body positivity movement has been one of the most popular in the last decade because of our increased awareness of this phenomenon.
The last decade has also seen a lot of technological advances, specifically the increased use of decentralized technologies like blockchain. Now, the metaverse is the hot tech buzzword as we’re all looking to interact in a virtual world. But with a lack of body positivity running rampant in the physical world, will it not spill into the virtual one as well?
This is exactly what BopoVerse, a metaverse community dedicated to body positivity, is working to solve.
Bringing Positivity to the Metaverse
One of the cornerstones of the metaverse is the virtual avatars that we are supposedly going to interact with, usually in the form of collectible NFTs. One thing you might have noticed is that these NFTs are usually of a specific body type.
This is the first way that body exclusion finds its way into the metaverse and this is the first way that BopoVerse is fighting back. All of its over 10,000 NFTs (made by artist David Nieto) feature curvy beautiful women with different features.
The diverse body types that are being showcased by BopoVerse are inspired by a community called Plus PPL. This is a community of body-positive women who come together digitally to inspire one another. Previously, Plus PPL has launched a social app and as a global brand has reached up to 100 million women so far. By tapping into this community, BopoVerse can bring the message of body positivity to even more people.
As these NFTs interact in the metaverse, users can enjoy diversity and inclusion. There won’t be any atmosphere of any body type being excluded or shamed as BopoVerse emphasizes healthy interactions between all its users.
NFT holders will be able to use their digital assets in a commercial way that will be best for both them and the community.
Considering the fact that BopoVerse has announced a slew of projects including a comics series and an online series that will feature NFT characters, there are several avenues for the NFTs to be used.
The goal of these projects, ultimately, is to not only act as commercial ventures but also to empower its users worldwide.
Some of the proceeds from the ecosystem will also be given to charity and users can vote on which charities receive the money. For those who just want to have fun, BopoVerse will have a gaming arena where users can interact as their avatars to play games or just meet with other BopoVerse users.
To get one of the NFTs, BopoVerse is launching its first minting phase in March 31, 2022. There are different NFTs in terms of rarity and the chances of getting one of the rarer ones depend on several factors.
In the second quarter of 2022, BopoVerse will be launching its Discord channel, continuing development on BopoVerse CLUB and Arena, Reveal BopoVerse NFTs and much more. Those interested can sign up to the BopoVerse whitelist by visiting their website and getting more information from their official Instagram and Twitter handles.
A Body Positive Metaverse
As it is in the material world, body position is something that needs to be consciously worked towards. BopoVerse is doing just this by creating a space where users can enjoy all the benefits of the metaverse without any of the body exclusion that finds its way into the virtual world at times.
As the metaverse becomes a bigger part of our lives, body positivity must not be left behind.
As Idan D. the CEO explains, “We want to make an impact in the world. With the metaverse and web 3.0 we can do it. The NFT can help us create a new tribe with a successful brand and start impacting the world and empower people.”
Hopefully, as more projects are created and are made aware of the importance of body positivity, we can strive for a world that is more inclusive of bodies than before.
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UK Government Body Completes Pilot Tracking Beef Supplies on the Blockchain
The U.K.’s Food Standards Agency (FSA) has recently completed a pilot in which it successfully tracked beef supplies using blockchain technology.
It is believed to be the first time that the innovation underpinning Bitcoin and other cryptocurrencies has been used to guarantee compliance within the food sector.
FSA Successfully Trials Meat Tracking on the Blockchain
According to a report from the U.K.’s Telegraph newspaper, the FSA pilot scheme allowed the government body to view and share information with slaughterhouses. This in turn has allowed the tracking of meat supplies in a verifiable way.
It’s believed that such innovations within the food sector could play a role in helping to avoid incidents such as the infamous horse meat scandal a few years ago.
For those unaware, in 2013 there was mass outrage in Europe when it was discovered that many meat products that were believed to be containing beef turned out to be made from horse meat. It’s thought that using the blockchain will allow better tracking of meat supplies and thus reduce the likelihood of such an event occurring in the future.
According to the Telegraph, it’s the first time that the blockchain technology has been used in such a way in the food sector.
The head of information management at the FSA, Sian Thomas, told the publication:
“This is a really exciting development. We thought that blockchain technology might add real value to a part of the food industry, such as a slaughterhouse, whose work requires a lot of inspection and collation of results.”
During the pilot that concluded recently, the FSA worked with government ministers and food sector experts, as well as leading technologists and academics to develop the necessary blockchain infrastructure for such a scheme. There are plans to run a second pilot for the initiative later this month. This time it’s hoped that farmers will be able to access information about the animals they send to slaughter from their farms.
Pending a second success, private companies should be able to join the programme to allow the Food Standards Agency to track and share the results of inspections with the rest of the beef production industry.
Thomas continued, stating that those involved in the pilot had developed a network by which information relating to inspection results could be shared amongst those working at slaughterhouses:
“Our approach has been to develop data standards with industry that will make theory reality and I’m delighted that we’ve been able to show that blockchain does indeed work in this part of the food industry.”
Many experts believe that the blockchain technology has the potential to revolutionise a number of industries. The FSA trial is just one of many experiments by various private and public bodies into how the innovation can disrupt the business practice of many industries.
Featured image from Shutterstock.
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Japan Creates Regulatory Body to Prevent Cryptocurrency Exchange Hacks
Japan leads the cryptocurrency world both in trading volumes and crypto-friendly regulation. Now, sixteen crypto exchanges in Japan will establish a self-regulatory body to prevent hacks.
Regulatory Body For Cryptocurrency Market
Japan is the largest cryptocurrency market in the world, boasting 61% of global trading volume for Bitcoin, which is held by 2.7% of the country’s population. Its crypto-friendly regulation has allowed many businesses to emerge, including the first Bitcoin exchange in the world – a Bitcoin Market set up in 2010.
But where there’s money, there’s risk. That first Bitcoin Market was quickly brought due to a scam in the same year. As time went by, the crypto market in Japan flourished, as well as scams and hacks.
Four years later, the famous Mt. Gox heist was covered by the news media worldwide. The exchange went bankrupt after having approximately 850,000 bitcoins, belonging to customers and the company, stolen. In 2014, the hack was worth 0 million. Those bitcoins are now valued at .6 billion.
The Mt. Gox scandal led to an amendment to an existing law which required banks as well securities firm from allowing Bitcoin transactions for customer accounts that were unregistered. Coming into effect in April 2017, the amendment also recognized virtual currencies as a method of payment.
The amendment, however, didn’t keep criminals from stealing approximately 4 million in NEM tokens, transferred through a total of nineteen accounts. The security breach, in January 2018, was caused by the lack of strong security measures of Coincheck. Japan’s financial watchdog, Financial Services Agency, ordered the exchange to improve its security practices. The company announced it would repay all 260,000 users affected in Japanese yen using its own capital.
After the hack, NEM announced it has created an automated tagging system: “This automated system will follow the money and tag any account that receives tainted money. NEM has already shown exchanges how to check if an account has been tagged. So the good news is that the money that was hacked via exchanges can’t leave.”
In the wake of the Coincheck hack, Japan Cryptocurrency Business Association and Japan Blockchain Association, representing Japan’s sixteen FSA-regulated crypto exchanges, have merged into a new self-regulatory organization, following a request by the FSA. The new body will aim to improve security measures and develop standards for activities around initial coin offerings.
Without a name for now, the new self-regulatory body announced it has appointed its Chairman, Taizen Okuyama, president of Forex trading firm Money Partners Group and Chairman of the JCBA. The newly appointed Vice Chairman is Yuzo Kano, CEO of bitFlyer and head of the JBA.
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