WHAT A SEASON👀
Funding/Investments +knowledgebase +Web3corner + codeGPT +company shut down+pending businesses+more
➥Guinean fintech startup YMO has raised $3 million in seed funding.
Guinean fintech startup YMO has raised $3.2 million in seed funding from a group of venture capital funds including Breega and INCO Ventures. The investment represents one of the largest sums ever raised by a Guinean start-up.
YMO aims to provide financial inclusion for African populations on the continent and in the diaspora of France and Europe, which it says are excluded from the traditional financial system.
ON THE SIDELINES✨
➥Nigeria has become the first country in Africa to adopt open banking regulations to encourage innovation in the country’s banking industry.
Nigeria has taken a bold step to become the first African country to adopt open banking regulations. This move, approved by the Central Bank of Nigeria on March 7, 2023, will set the tone for the banking industry and encourage new forms of collaboration and competition.
The advent of open banking has opened up exciting possibilities for fintech innovation. This practice enables banks to share customer data with third-party service providers such as fintechs and mobile money operators, who can then leverage this information to create innovative solutions that benefit consumers.
Nigeria now joins the likes of the UK and Australia, which have already adopted similar systems.
➥Silvergate, a Key Crypto Bank in the United States 🇺🇸, to Shut Down and Liquidate.
California crypto banking giant Silvergate Capital announced Wednesday it is ending operations and liquidating its Silvergate Bank, sending its stock price plummeting, following a months-long downward spiral for the embattled crypto lender.
Some of Silvergate's prominent crypto institutional clients included;Coinbase, Binance US, Gemini, Paxos, Anchorage, Bitstamp and BlockFi.
➥Visa and Mastercard have decided to suspend their cryptocurrency initiatives.
Following a series of high-profile failures in the cryptocurrency industry, both Visa and Mastercard have decided to shelve their ambitions to form new relationships with companies involved in the sector.Since the current market and regulatory landscape is not favorable to the introduction of crypto-related products and services, Visa and Mastercard have both opted to postpone their rollout.
➥Mastercard announces Web3 spotlight program to develop & launch emerging musical artists in the digital economy.
Expected to begin in March 2023, the MasterCard Artist Accelerator will prepare 5 emerging artists - such as musicians, DJs, producers with the tools, skills, and access to forge their own musical paths in the digital economy.The program is intended to connect select artists from around the world with notable mentors and a dynamic fanbase as they learn and create in Web3.
➥Coinbase has launched "Wallet as a Service", which enables companies and brands to easily onboard their users into Web3.
This will allow users to create and access wallets using a simple username and password system, without worrying about the seed phrase.This approach could help address one of the biggest challenges of mainstream adoption of blockchain technology, which is the complexity of wallet management. By simplifying wallet creation and access, more people could enter the Web3 ecosystem, and this could lead to more innovative use cases and applications of blockchain technology.
Overall, Coinbase's Wallet as a Service is a step towards democratizing access to decentralized finance (DeFi) and could contribute to the growth of the Web3 ecosystem.
➥Check this out👇viem.sh
An Ethers Js alternative module that's lightweight and Performant compared to Ethers js. Built by the team that built wagmi.sh
➥Solidity Gas Optimizations Cheat Sheet
There are a number of things you should keep in mind to write the best and most gas efficient solidity code.
➥Introducing CodeGPT, a powerful VSCode extension🔥
As software developers, we all have faced those frustrating moments when we’re stuck trying to fix a bug or implement a new feature. We spend hours, sometimes even days, scouring through documentation, forums, and our codebase trying to find a solution, only to end up more confused than when we started. But what if I told you that there’s a way to make this process faster and more efficient?
Introducing CodeGPT, a powerful VSCode extension that uses GPT-3 to assist developers with various tasks such as code completion, error detection, and even code generation.
PROJECT OF THE WEEK🏆
Let's shine a spotlight on our project for the week, which is GEMA PROTOCOL
Completed a project for one of our valued clients 🎉
Thanks for reading👌
Contact us: NGENI Linktree
NGENI is Kenya and East Africa's first pure-play and largest Blockchain & Web3 development engineering Studio with a 80-plus-person team. The studio recruits and trains recent graduates from STEM Universities across Kenya and today has fourty one (41) talented developers, at our Kilimani Headquarters.
All engineers have successfully taken on complex coding challenges, and hackathons and have ultimately delivered on complex multi-Blockchain applications, bots, and dApps for international projects.