Quick tech updates every Monday and Thursday |
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Table of Contents • Twitter is rumored to be working on their own coin • Nigeria's masterplan to force CBDC • Nike launches futuristic self-lacing smart sneaker collection • Meme of the Day |
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Twitter is rumored to be working on their own coin |
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Source: @nima_owji(Twitter) |
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It has been rumored on Twitter that Elon Musk, the creator of Tesla, will soon introduce his cryptocurrency, the Twitter Coin. Jane Wong, a researcher known for scrutinizing Twitter's code, took to the site to share her findings on the Twitter Coin. Soon after, Jane Wong's Twitter account was suspended. Wong said in a tweet on October 27 that the firm had already started working on a wallet prototype. Elon Musk also plans to enable content monetization for creators on Twitter, which he claims would be better than the current monetization strategy on YouTube. The screenshots above by Nima Owji demonstrate how tips are given using the Twitter Coin. |
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Nigeria's masterplan to force CBDC |
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Nigeria was one of the first nations across the globe to launch the Central Bank Digital Currency (CBDC), titled eNaira, in 2021. However, due to the lack of adoption of the same, the government has significantly reduced the amount of cash that individuals and businesses can withdraw as it seeks to promote its "cash-less Nigeria" policy and increase the use of the eNaira. Individuals will be limited to withdrawing $225 (100,000 nairas) and businesses will be limited to withdrawing $1,125 (500,000 nairas) at banks per week. A fee of 5% will be charged for individuals and 10% for businesses on amounts above the limit. A majority of Nigerians do not have bank accounts and use informal markets where cash is the preferred currency. This move might be aimed at bringing more people into the banking system to use CBDC before cryptocurrencies take over the digital payment sector. This policy will go into effect on January 9, the Central Bank of Nigeria said. |
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Nike launches futuristic self-lacing smart sneaker collection |
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Nike's youngest web3 brand, RTFKT Studios, brings its signature Cryptokicks NFTs to life. Inspired by the classic Air Mag, RTFKT is launching its first smart sneaker series called Cryptokicks iRL. The shoes feature auto-lacing technology, a WM NFC chip for NFT linking, gesture control, walk detection, lighting segments, app connectivity, wireless charging, and more. Holders of RTFKT Lace Engine NFT can buy Cryptokicks iRL sneakers for 0.38 ETH (approx. $478), limited to only 19,000 total pairs from December 12–16. From December 7–9, non-NFT holders may register for a draw on RTFKT's Cryptokicks website. They will then be allowed to purchase sneakers on December 14 for 0.5 ETH (approx. $ 630), if the entire stock is not sold out from the initial sale. RTFKT shared that only U.S.-based holders will be able to order the sneakers. But after receiving criticism from their own NFT community, RTFKT shared a tweet thread(https://cutt.ly/Q0wNaCz) explaining how non-U.S. holders can receive Cryptokicks. |
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