Eclipse

Bank AI

David

<p>At Technext&nbsp;<a href="https://events.technext24.com/coinference?_ga=2.120200896.939871067.1696183916-230903988.1696183910">Coinference 2023</a>, with the theme,&nbsp;<em>Disruptive Tech: New Frontiers, New Opportunities</em>, key stakeholders and enthusiasts of the African crypto ecosystem converged in Lagos for a series of conversations on how to chart a path forward at a time of great upheavals in the region.</p> 
<p>Africa has been hit harder by the crypto winter when funding has declined and its own self including wounds in countries with no crypto policies and anti-crypto policies, making the situation even more dire.</p> 
<p>&nbsp;Chris Ani, the founder of&nbsp;<a href="https://daba.school/" target="_blank" rel="noreferrer noopener">Daba School&nbsp;</a>who gave the first keynote address at the Technext Coinference 3.0 called for a more robust adoption of crypto in Africa. Ani, himself a long-time advocate for crypto adoption, highlighted the possibilities that crypto as a regulated and licensed open-border payment system will bring to Africa.</p> 
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   Chris Ani, the founder of&nbsp;<a href="https://daba.school/" target="_blank" rel="noreferrer noopener">Daba School&nbsp;</a>
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<p><em>“Imagine for a moment the entire landscape of Africa; Nigeria to Kenya to South Africa, Lagos to Abuja. There is a need for us to do business across these countries and states. Imagine that we have a technology that is beyond the Internet, and can connect us and value can be transferred without the need for a central bank,” </em>he added.</p> 
<p>Referencing the Central Bank of Nigeria (CBN) ban on crypto activities in 2021, the crypto industry leader said it was a shame that somebody could wake up one day and decide what happens in such a big industry without recourse to conversations.</p> 
<p><em>“In 2021, someone just woke up and banned crypto. This is why once the police check your phone and see crypto buying and selling, either on a crypto platform or even a WhatsApp group, they will say you’re a Yahoo boy, even when you have never done Yahoo before. If you ask they will say crypto has been banned by the government and anybody doing crypto is a criminal,” </em>he said.</p> 
<p><a href="https://ng.linkedin.com/in/yelebademosi" target="_blank" rel="noreferrer noopener">Yele Bademosi,</a>&nbsp;the CEO and co-founder of Nigerian blockchain company Nestcoin spoke about the importance of the blockchain in creating broader financial services and giving Africans new opportunities to participate in the global financial markets.</p> 
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   <a href="https://ng.linkedin.com/in/yelebademosi" target="_blank" rel="noreferrer noopener">Yele Bademosi,</a>&nbsp;the CEO and co-founder of Nestcoin and Technext’s Business Chief, Anderson Ozakpo
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<p><em>“Your geographical location should not determine the financial services that are available to you,” </em>Bademosi said.</p> 
<p>The session, a fireside chat titled “<em>Building Africa’s next blockchain unicorn: wins, challenges and opportunities ahead</em>,” moderated by Technext’s Business Chief, Anderson Ozakpo, comes at a time when funding for the crypto ecosystem has become dire and prices of assets have been fluctuating erratically.</p> 
<p>“<em>There is still a lot of hope and that is why we are still having conversations at events like this,” </em>Ozakpo assured.</p> 
<p>Even at this time when funding has been stunted, Bademosi is optimistic about the future of the ecosystem. For him, the marker of hope is in the valuation and utility of the industry and the assets. </p> 
<p><em>“The price is the indicator of value,” </em>he said. “A<em>frica is responsible for 3 per cent of the blockchain global market.</em>” This contribution underscores the importance of the region at a time of grave economic upheaval.</p> 
<p><em>“If you look at AI and ChatGPT, the truth is that decades ago, we had what was called the AI winter when funding for the ecosystem all but paused,”</em> he said.</p> 
<h4 id="takeaways-from-the-technext-coinference-3-0">Takeaways from the Technext Coinference 3.0</h4> 
<p><a href="https://pinterest.com/pin/create/bookmarklet/?url=https://technext24.com/2023/10/02/ai-nft-entertainment-africa/&amp;media=https://technext24.com/wp-content/uploads/2023/10/Panel-on-AI-and-NFT-in-entertainment-industry.jpg" target="_blank" rel="noreferrer noopener"></a>During a panel session titled “T<strong>he Future of Entertainment with NFT and AI,</strong>”&nbsp;Ebenezer Ugo Akachukwu, an artist and Web3 specialist, Venn Oputa, the co-founder of Afrobubble, Malik Afegbua, the CEO of SlickCity Media and Paul Okeugo, the president/founder of record label Chocolate City Media Group&nbsp;emphasized that AI and NFT have significant roles to play in the entertainment industry.&nbsp;</p> 
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   Malik Afegbua, the CEO of SlickCity Media, Paul Okeugo, the president/founder of record label Chocolate City Media Group, Michael Akuchie of Technext, Ebenezer Ugo Akachukwu, an artist and Web3 specialist and Venn Oputa, the co-founder of Afrobubble
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<p>The discussion dwelled on AI and NFT, two hugely disruptive technology trends, and how they transform the entertainment space. Eclipse Nkasi recently made the headlines for leveraging AI technology to&nbsp;<a href="https://technext24.com/2023/05/11/eclipse-nkasi-ai-generate-afrobeat-album/">create an afrobeats music album within three days</a>. Nkasi’s project joins the growing trend of people using AI for tasks including content creation and filmmaking.&nbsp;</p> 
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   Malik Afegbua, CEO of SlickCity, Paul Okeugo, Founder/President of Chocolate City and Ebenezer Ugo Akachukwu, an artist and Web3 specialist
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<p>Paul Okeugo of Chocolate Music said that he welcomes the growing trend. “<em>I embrace AI mainly because it can transform the music industry</em>,” he said.&nbsp;</p> 
<p>On the issue of responsible AI, Malik Afegbua of SlickCity said that AI is a tool that can be used for good or evil purposes like&nbsp;<a href="https://www.premiumtimesng.com/news/headlines/591505-explainer-how-to-spot-deepfake-audio-clips-blended-by-artificial-intelligence-tools.html" target="_blank" rel="noreferrer noopener">deep fake audio</a>. How it is used matters, he noted. Proper regulations along with increased awareness can help tackle the issue of people using AI for the wrong reasons.</p> 
<p>“<em>NFTs will help to prove ownership and help creators protect and democratize the spread of their content</em>,” Venn Oputa of Afrobubble explained.&nbsp;</p> 
<p>The second keynote session themed “Blockchain and the future of payments in Africa,” was delivered by Ruth Iselema, the founder of crypto startup Bitmama.</p> 
<p>There was also a panel session on “The future of Payments in Africa,” with Ogochukwu Umeokafor, Director of Product Management at Yellow Card, Olubunmi Fabanwo, the Affiliate Program Manager at Binance Africa and Miray Ozel, a co-founder at investment platform CENOA.</p> 
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   Olubunmi Fabanwo, the Affiliate Program Manager at Binance Africa, Ejike Kanife, Editor Technext, Miray Ozel, a co-founder at CENOA, Ogochukwu Umeokafor, Director of Product Management at Yellow Card
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<p>There was another session on “Making money with gaming” with&nbsp;Adora Nwodo, the founder of NexaScale, Shola Edu, the founder and creative director of Deluxe Creation Studios, Kunmi Adepenigba, founder and COO, Gamr and Judith Okwonkwo, the founder of Imisi3D&nbsp;as panelists.</p> 
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   Oscar Micheals, co-founder of Africa Comicade, Kunmi Adenipebi, co-founder of Gamr, Ebere Etike, journalist at Technext, and Shola Edu
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<p>There was another session on “Crypto beyond buying and selling” with&nbsp;Ugochukwu Aronu, the founder of Xend Finance, Chuta Chimezie, the founder of BNUG, Obinna Iwuno, the president of SIBAN, and Seun Dania, the founder, TradeFada&nbsp;as panelists.</p> 
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  Obinna Iwuno, the president of SIBAN, Temitope Akintade, Technext journalist and Chuta Chimezie, the founder of BNUG.
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<p>Finally a session on “AI and Blockchain: Opportunities today and tomorrow,” with&nbsp;Obi Emetarom the founder of Zone, David Abu, Cloud Advocate for Microsoft, Ayo Awosika, the founder of Web3 Bridge and Emmanuel Ebannehita <a href="https://www.linkedin.com/company/fuseio/" target="_blank" rel="noopener">the CMO at Fuse</a> on the panel.</p> 
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   Emmanuel Ebannehita the CMO at Fuse, Godfrey Elimian, Technext journalist, Ayo Awosika, the founder of Web3 Bridge, Obi Emetarom the founder, Zone App AND David Abu a Cloud Advocate for Microsoft
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<h5 id="see-more-images-from-the-event-below">See more images from the event below:</h5> 
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   Attendees engaging with Cenoa booth
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   Ejike Kanife, Editor at Technext, Olubunmi Fabanwo, Affiliate program manager at Binance, and Etienne Okeke 
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   Cross-section of attendees with Oscar Micheals, co-founder of Africa Comicade
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   Ruth Iselema, CEO Bitmama
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   Chuta Chimezie, convener of BNUG with Ruth Iselema, CEO of BitMama
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   Ebenezer Ugo Akachukwu, an artist and Web3 specialist with David Afolayan, content chief at Technext
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   Tomiwo Ojo, Managing Editor at Technext
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   Emmanuel Ebanehita, CMO at Fuse
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   Cross-section of attendees
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   Attendees at the registration booth
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   Venn Oputa, co-founder of Afrobubble networking with attendees 
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   Technext team with Coinference 3.0 volunteers
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Here is all that happened at Technext Coinference 3.0

Technext.ng

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