Why has bitcoin’s market valuation soared past $1 trillion? Why is cryptocurrency a $2 trillion asset class today? Why are people suddenly going bonkers over a meme coin named DOGE? Why are NFTs making front-page headlines on every major news daily?
Because of a few people who are putting their weight behind the digital asset space and directly influencing the growth of the blockchain industry.
But who are these people? We’re profiling five of the biggest names in the industry below!
Elon Musk, CEO, Tesla, CTO, SpaceX, Source: CNBC
The suave and dapper CEO of Tesla, CEO, CTO, and chief designer of SpaceX, founder of The Boring Company, co-founder of Neuralink, and co-founder and initial co-chairman of OpenAI doesn’t need any introduction.
Well, that was an introduction. Besides the said positions that Elon Musk holds, he is a long-term believer in cryptocurrency and blockchain technology.
Everyone in the crypto community is well-versed with Elon Musk’s Dogecoin obsession. Such are the effects of his tweets that people not owning any cryptocurrencies have started taking an active interest in crypto prices and markets. You know where they headed first, right? Of course, Dogecoin!
Musk has garnered a reputation for being a straight-on DOGE “shiller.” Thus, curious folks find themselves searching for “Elon Musk dogecoin investment” on Google. And not just DOGE.
Musk’s company Tesla announced a $1.5 billion investment in bitcoin on its balance sheet more than two months back, along with the addition of BTC as a payment option for purchasing a new car. Musk and company understand that the cryptocurrency asset class is a great way to open up finance for all individuals irrespective of nationalities and geographies. Although we may never know whether or not Elon Musk does have any cryptocurrency, he indeed has pushed people enough to join the blockchain bandwagon.
Michael J Saylor, founder and CEO, MicroStrategy, Source: Wikipedia
Another business executive and American entrepreneur who took the world by storm with his company MicroStrategy’s massive bet on bitcoin is Michael J. Saylor. But initially, the billionaire was a hardcore sceptic.
His public disdain for BTC has now become ancient history. He admitted that his comments were unfounded (in an interview with CoinDesk last year):
“I went down the rabbit hole during COVID-19,” Saylor said, admitting he “was wrong” to have doubted bitcoin back in the $600 range.
“I wish I knew then what I know now,” he said.
Last year he kickstarted the massive institutional bitcoin investment and blockchain technology adoption drive, which inspired many other prominent corporations such as Jack Dorsey-led Square to add bitcoin to their balance sheets.
Michael Saylor has now become the poster boy of bitcoin institutional investment, and his reasons are pretty much logical. Unlike all fiat currency-based assets, BTC is deflationary as it has limited supply, and that the Bitcoin blockchain network is highly secure and permissionless. In the same interview with CoinDesk last September, Saylor expressed his “primary concern” is to “move away from the dollar.”
Jack Dorsey, founder, Twitter and Square, Source: Britannica
Jack Dorsey is the founder of social media giant Twitter and payments firm Square. Jack has been a bitcoin advocate for quite a long time.
Square’s subsidiary firm Cash App has set an example in blockchain adoption in financial services by letting customers buy and sell bitcoin. Apart from this, the parent firm announced a $50 million investment in BTC, followed by an additional $170 million investment this year in February. And it just doesn’t stop at bitcoin investment.
Square Crypto, the BTC focussed arm of Square, has established a record by giving out 26 grants to boost the development of Bitcoin and recently announced funding for the team behind a popular Bitcoin blockchain explorer.
Mr Dorsey is behind all these developments. He recently partnered with popular musician Jay-Z to set up ₿trust, a 500 BTC endowment to fund bitcoin development and boost blockchain industry growth. African and Indian teams will be the initial recipients of a chunk of the fund. The Silicon Valley-based billionaire tech entrepreneur has done and is still doing what it takes to boost crypto and blockchain adoption.
Recently, Mr Dorsey sold his first tweet as an NFT for over $2.9 million, converted the proceeds to BTC, and donated to the GiveDirectly fund to help alleviate poverty in Africa.
The Winklevoss Twins
The Winklevoss twins with the Gemini bus in New York City, Source: MarketWatch/Twitter
Losing the ownership of Facebook to Mark Zuckerberg didn’t stop these two Olympic rowing and investor twins. Instead, they entered the cryptocurrency race intending to spur solid blockchain industry growth. In 2012, both bought bitcoins for $10 million when the top cryptocurrency’s price was trending at around $8.
What followed is the cryptocurrency market’s rise across nine years and the ballooning of the Winklevoss twins’ worth, to the point (around $6 billion) that they have now made the Forbes list of global real-time billionaires. As per the latest accounts, both have invested in 25 crypto firms. Apart from their investments, Tyler and Cameron Winklevoss actively promote crypto purchase and adoption through Gemini, the cryptocurrency they own.
In a development that would make blockchain part of the banking industry, in October 2015, Gemini became one of the first cryptocurrency exchanges designated as a trust bank by the New York State Department of Financial Services.
The Winklevoss twins also support the current NFT trend through their acquisition of Nifty Gateway.
The twins ran “full bus” cryptocurrency advertisements encouraging people to buy BTC and other crypto assets and “fuel the open finance movement.”
While these were all successful individuals who have helped elevate cryptocurrency and blockchain technology and advocated their adoption, certain firms are operating with the same goal.
AIKON is one such firm that specializes in providing secure blockchain identity services through ORE ID, its proprietary blockchain authentication system. The AIKON team has partnered with AllianceBlock, which wants to enable anyone and anybody to benefit from secure access to the trillion-dollar capital market without having to jump through needless hoops to do so. AllianceBlock’s objective is to build the world’s first globally compliant blockchain-based capital market. ORE ID, which impresses on using blockchain for authentication, will play an instrumental role in the project’s identity management system.
What becomes quite clear is that blockchain technology adoption is at a nascent stage. Of course, an increasing number of business bigshots are helping catapult the ecosystem to mainstream prominence. Still, the effects of their actions have barely covered the tip of the adoption iceberg.
There’s a long way to go. This drop may seem minuscule and insignificant, but it will pave the way for the ocean’s formation.
Capitalism World War, Interest Rates, Big Bang and Evolution
By Nneka Okumazie
If capitalism doesn’t end the world or cause a major ruinous world war, it would be in the adjusted form from its current machinated march.
The purity of capitalism – in how it should run states is already adrift, with most of what capitalism is, far different from what it should be.
There are places in the world where the price is for the sake of pricey-ness, not quality, not scarcity, but price as an agent.
There are other places where consumption is everything, no production, low regulations, but total consumption.
There are all kinds of shifts per monetary policies, interest rates, etc. that don’t fit and result in nothing.
Though some countries care about life than others, most countries have rough roles and wide hazards that counter what it actually means to care.
Health loss, expensive care, retirement panic, etc. continue to expose how inadequate parts of capitalism are.
Nothing can touch capitalism because it is the best, OK.
But how is the best economic system so fragile and super delicate that it is incompatible with an unpredictable and miscellanea world of a different era?
Capitalism at certain scales work. But with the larger world, there should be at least ten thousand types of demand, supply, price, competition, currency, etc.
The usual few options that have to be uniform – across nations – are the most lethal contraption ever created.
Capitalism is the real superpower. Those who disregard intelligent design should know that the missing piece pre-big bang is capitalism.
Capitalism embarrassed religion [organized or not]. Capitalism turned most entertainment into poison. Capitalism laid waste to the theory of evolution – survival and reproduction. There are ways people seek capital that what survives is the capital, not them. There are people who prioritize capitalism, making their reproduction of low quality or deficient in what should make them the fittest.
Capitalism mostly took away meaning from life and made itself the purpose of life. There are people of means who think capitalism is to their advantage, but life would not be different if it never existed.
Technology serves capitalism. Wars are its minion. Capitalism is often what is rescued in disasters, plagues or great shortages, directly and people – indirectly.
Those who keep talking about millions of years before now, or millions of years after should rather think per decennium, because with crashes and crunches, since capitalism cannot accommodate present scale, it may go off with all or almost – in total devastation beyond the lists of potential threats.
Capitalism compliance has become the key behaviour of most or all – in most situations.
Capitalism is not the key to real survival, but who cares, its works, we go.
Capitalism ever while environment, health, anything whatsoever can perish.
That lifeless paper that humanity has made greater than itself that has torn friends, family, community, nations, etc. apart, may hold the end of the human race.
[Psalm 115:4, Their idols are silver and gold, the work of men’s hands.]
Making Money as a Short-Term Investor
If you are looking to invest some money that you intend to use in the not-so-distant future, then you face the challenge of the delicate balance between making a decent return on your investment and ensuring that you can get all of it back when you need it.
In seeking a place to invest or save your cash for the short term, your priority should be for you to get your money back at a particular time. This is crucial because you often need to have the money in a specific time to meet obligations such as a down payment on a house, wedding expenses, your children’s tuition, or to meet your budget for a scheduled vacation.
On the other hand, while you want to keep your money safe, you also want a decent return on your savings. It is unlikely that you will earn as much in a short-term investment as you would in a long-term financial instrument.
Long term investments usually offer greater returns, but their prices are more volatile than short-term investments. While the company stock price may rise multiple folds over several years, it could decline during the next few months. You may also face the challenge of finding a buyer for the long-term asset that you have purchased.
Short-term investments, however, are often highly liquid, allowing you to cash out quickly should the need arise.
But because short term investments often present lower returns than longer-term investments, some people do not bother to invest at all. You are better off investing it in an interest-earning instrument.
You should also avoid taking excessive risk in a search for higher returns. Unusually high yielding instruments present unacceptable and greater risk. In some cases, such instruments are disguised as Ponzi schemes or similar arrangements.
Suitable short-term investments are typically characterized by stability in value, liquidity and low transaction costs. These features mean that your money will be safe and accessible when you need to use it, which is a significant reason to have a short-term investment. If you are investing money for three (3) years or less, a few principles will help you.
- Set reasonable expectations because short-term investments typically have lower potential returns than long-term investments.
- Focus more on the safety of your investment than the return.
- A little extra return may not be worth the additional risk.
Consider the FBNQuest Money Market Fund offered by FBNQuest Asset Management. It is a pool of money collected from many investors to invest in securities like treasury bills, commercial papers, banker’s acceptances and certificates of deposits. It is well suited for and adaptable to any investor type.
The Fund offers attractive returns, safety and liquidity to short term investors. You are better off using the power of a collective investment scheme like this to access higher returns for your investment than what you could earn if you made the same investment by yourself.
Why Promote Your App with Video Content?
By Kenneth Horsfall
Creating an app is not something you just wake up one morning and begin to do, it takes you and your team at least months to go from just having a beautiful idea to creating the new app.
Along the way, you probably invested a lot of time, expert software development, graphic design, and expensive focus groups to finally bring your beautiful idea to life.
But there’s a problem: people won’t just download it! Why?
To effectively promote your app on digital platforms, you need to put as much work into your marketing strategy as you did when creating the app. The fact is that people have a lot of options to choose from, so why should they choose you? That’s why you need to think of a plan to get them hyped about your app.
Fortunately, you don’t have to reinvent the wheel! By making videos part of your marketing tool, you can ease your way into promoting your app. But as the best video companies know, there are important details to be clear about creating a video marketing plan.
When should you use a video? What production decisions come with that? How should your video look? These are some of the questions we’ll go through to help you raise awareness about your app.
But first, why video content? They are a lot of other ways to promote an app why should I think of video first.
Videos can boost your app marketing campaign like no other type of content marketing can do. But before going over the critical decisions involved in producing great videos, let’s first compare the two leading app stores.
How do Videos work on Google Play and the App Store?
If you’ve created a multiplatform app, you should have videos ready for both Google Play and the App Store. But the issue is more complex than reusing the same content, as each store has its own unique rules regarding videos.
Previews for the App Store need to be pre-approved by Apple’s team, which has very defined requirements on the types of videos they accept. Some of the most important include:
Videos must be between 15 and 30 seconds.
The footage should be taken primarily from the app and cannot show people, hands, or any other type of real-life footage.
Each video is device-specific: it must be produced for a specific iPhone or iPad screen size.
Why in the case of the Google play store, Google Play doesn’t require prior approval, and its guidelines are more versatile, with almost no limitations. But for many apps, this freedom results in low-quality homemade videos, which you certainly don’t want for your brand.
For that matter, we have these recommendations for you on what to post on Google Play:
When proper, show real people using the app—seeing how a human hand uses the smartphone is easier to follow than random images.
Optimize your video with subtitles or even a professional voiceover if your video demands it, so you can make your message crystal clear to your audience.
Different Types of Videos You Can Use to Promote Your App
By doing quick research on the platform you want to promote your app, you will notice different types of videos that developers use for promotion. There’s simply not a one-size-fits-all style, but there’s a wide catalogue of videos you can choose from to entice your audience, present your app’s features, or even showcase a positive review.
So, let’s go over some of the most popular types of videos to see which one will best fit your purposes.
We’ve stressed that you need to distinguish your product from the competition. Many times, it could be hard to convey with a promo video how your solution stands out: in the viewers’ eyes, yours is just another option with nothing particularly special.
With animated explainer videos, on the other hand, you can approach your audiences from a quite different angle. This class of videos focuses not on your app’s looks as such, but on a story. By using colourful animation and engaging characters, you can pose a problem for your viewers, and then explain how your solution can help them improve their lives.
Explainer videos are perfect for productivity and business apps, for which there are generally plenty of indistinguishable options in the Store. By focusing on what your app does best, you’ll get an emotional response from users that could lead them to choose your solution above the rest.
Customer Testimonial Videos
You wouldn’t think that many people (including myself) are hesitant about downloading apps. It’s understandable since apps take up space on our smartphones and, well, we might end up not using them at all!
To feel comfortable about the app they will download, users sometimes need social proof. Luckily, video testimonials can provide just this. These videos feature satisfied customers or experts giving their first-hand take on your product and its features, and how it’s helped simplify their lives.
By showcasing other people who review your app, testimonial videos are the best way to improve your brand image. They give users the validation they need to know that your app is the one they’re looking for and that makes you stand out from your competition.
When most of us think about mobile app videos, the first images that come to mind are the brief teasers we usually find in social media ads. Previews are the gold standard of app videos because they give viewers the chance to see how the program exactly looks and works.
Of course, in theory, screenshots can work just as well. But there is something to be said about being able to appreciate in advance how we can use the product and whether it really aligns with our expectations and tastes.
Preview videos pair well with any type of app. However, they are particularly valuable for entertainment and gaming apps, as users want to concretely see the basic functionalities and/or stories.
Pro Tips and Tricks
Once you choose the right type of video that best suits your app, you need to know that there are certain production principles that apply to all videos in general.
Producing videos is complex, as the process involves important technical and creative aspects. But there’s no mystery about it!
To simplify the issue, we’ll go into three of the most relevant aspects to keep in mind.
Make Your Video Short, It’s Very Important
With so much information and distractions available online, you have limited time to connect with your viewers. It’s no surprise that after just a few seconds, viewing rates start to drop significantly.
That’s the reason why most mobile app videos tend to be really, really short—about 10 to 30 seconds, 2 minutes maximum. With so little time, you want to keep your video simple and fast-paced, bringing attention to what’s truly interesting about your product.
Easier said than done, right? It’s challenging to keep your video that short, so you want to focus on your app’s main highlights. Figure out which features make your product a distinctive and attractive choice and convey that idea to your viewers.
Take Your Video Through Social Channels
Although we’ve been focusing on the app’s profile page, we can’t downplay the crucial importance of social media. App ads are a constant presence on platforms like YouTube and Instagram because marketers know that that’s where the most important conversations are taking place.
In terms of visibility, launching a thorough social media campaign is a must. But there are other advantages that come with having videos on your social accounts.
Facebook, for example, is particularly useful to run your ads, as the platform offers analytical tools to gather key data about your ads’ performance and how users behave with them. Take advantage of these tools to assess the strengths and weaknesses of your videos and make informed decisions on the
Include Relevant CTAs
Whether you’re uploading your video on social media or your app’s profile, you want to give viewers one last little push to motivate them to download the app. Now, you don’t necessarily have to be too promotional to do this.
By simply adding CTAs (Call to Action) in your video, you can inform users about the next best step to take. To get started, use clear, short phrases like “Sign Up” and “Learn More” to lead audiences to your app’s page. But if you want them to “Upgrade” or “Go Premium,” you can also use these CTAs.
Lastly, in social media videos, remember to always add the platforms where the app is available and can be downloaded by the audience, this is very important.
As videos have the unique quality of being entertaining, informative, and easy to consume at the same time, they are a powerful tool to add to your marketing campaign efforts.
Embed them on your app’s listing page to show users what to expect from your product. Focus mainly on the features that make your app solution distinctive, so that users take notice of your app’s virtues. Finally, take your videos to where your audience is to spread the word and continue the buzz. Thanks for your time.
My name is Kenneth Horsfall and I’m the creative director and founder of K.S. Kennysoft Studios Production Ltd fondly called Kennysoft STUDIOs. Kennysoft STUDIOs is a Nigerian Video and Animation Production Studio. And also, the founder and lead instructor at Kennysoft Film Academy. I can be reached via email@example.com
Like Our Facebook Page
Latest News on Business Post
- Highest Percentage of Women Entrepreneurs in Sub-Saharan Africa—Report September 26, 2021
- Capitalism World War, Interest Rates, Big Bang and Evolution September 26, 2021
- Verve Backs Effective Digitization of Public Identity System September 26, 2021
- Oyo SUBEC Adopts Iwe-Kika For Out-of-School Children September 26, 2021
- Lagos Eyes PPP to Bridge Infrastructure Gap September 26, 2021
- Making Money as a Short-Term Investor September 26, 2021
- Joseph-Amedu Heads National Blood Service Commission September 26, 2021
- NDLEA Boosts Anti-Drug Fight with Fresh Narcotic Assistants September 26, 2021
- Nigerian Exchange Rises 0.23% as Investors Mop up Bank Stocks September 25, 2021
- FX Demand Pressure Crashes Naira by N1.22 at I&E September 25, 2021
Economy5 years ago
Kwara Disburses N1.7b For Projects
Feature/OPED2 years ago
Davos was Different this year
Technology9 months ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN
Travel/Tourism5 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
Economy5 years ago
How To Identify Fake Naira Notes
Banking3 years ago
Sort Codes of GTBank Branches in Nigeria
Economy4 years ago
FAAC: FG, States, LGs Share N655.18b in January
Economy7 months ago
MBA Forex Blames CBN for Inability to Return Investors’ Funds