What are NFTs & Crypto?
Cryptocurrency or cyber money has been around for a while and in recent years it has attracted many Black Americans.
However, the rise in popularity of the Non-Fungible Tokens (NFTs) has increased the interest of many existing and potential crypto investors. NFTs can be thought of as a subset of the crypto culture, and you generally need cryptocurrency (such as Bitcoin or an Ethereum) to buy and sell NFTs.
According to new research, 23% of African Americans possess Bitcoin, more than twice as many as white Americans (11%), and greater than those held by Hispanics (17%).
Many African American investors consider crypto investing a new path to riches and impartiality. It also enables them to enter the rapidly emerging field of NFTs, which is reshaping sectors such as music, collectibles, and gaming.
What is Cryptocurrency?
Also known as cyber money, cryptocurrency has been around for more than a decade. Unlike regular money, it’s not regulated by banks or the government. Instead it uses a type of cyber technology, called blockchain, which is like an online database that tracks the currency globally. The blockchain technology enables cryptocurrency users to make secure transactions.
What Is an NFT?
A non-fungible token (NFT) represents unique digital assets (like digital art, video clips or music) owned by a specific person. For many artists, it’s like a digital copyright. NFTs use blockchain technology to secure and track the item. Non-fungible assets are considered one-of-a-kind items that can’t be authentically replicated. The U.S. dollar bill is considered fungible because it carries the same value if it’s traded. Cryptocurrency is also considered fungible.
You can buy and trade NFTs online, using cryptocurrency (such as Ethereum). Even though they’ve been here since 2014, NFTs are gaining popularity because it gives digital artists a way to put value on their original material. The NFTs market alone was worth about $41 billion in 2021, which is getting close to the overall value of the combined global fine art industry.
NFTs have become hot commodities among investors, celebrities, entertainers, and athletes. According to National Public Radio, an NFT video clip of Lebron James attracted a $200,000 price tag.
Many African Americans see the NFT world as a way to build wealth. One example is 41-year-old Vakseen, a Black visual artist living in California. She became famous after accepting a bid of 8 Ethereums (about $16,800) for the first of six editions of a digital painting showing basketball legend Michael Jordan.
Vakseen’s work was also on show in a National Gallery of Technology (NFT) event showcasing Black artists throughout the world. The “Harmony & Balance” display was established to back the Black NFT artist community and was designed to look like a digital art museum. Vakseen was one of 30 Black artists that contributed over a 100 digital art pieces to the show. The artwork on display was estimated to be worth around $500,000.
Families invited to experiment with new technology and STEM activities at Pearsall Park
SmartSA Sandbox offers fun, hands-on opportunities to test smart city technologies in the park
The City of San Antonio’s Office of Innovation is hosting SmartSA Sandbox, a family-friendly pop-up event that provides residents hands-on opportunities to test smart city technologies. SmartSA Sandbox at Pearsall Park is free and open to the public. The event will take place on October 22, 2022, from 10 a.m. to 2 p.m. The park is located at 4838 Old Pearsall Rd, San Antonio, TX 78242. A complete schedule of events is available at SAsandbox.eventbrite.com. Interested residents are encouraged to register in advance.
“The SmartSA Sandbox event is a great opportunity for families—especially kids—to experience innovative ideas and technologies firsthand,” said Brian Dillard, City of San Antonio Chief Innovation Officer. “Join us to share in the experience of SmartSA Sandbox and share your thoughts on what you want the future of San Antonio to look like.”
The family-friendly event will take place at Pearsall Park. It provides a child-friendly atmosphere with walking and biking trails, large playground and splashpad and a skate park. The location provides the space for individuals and families to interact with emerging technologies. The SmartSA Sandbox event features demonstrations on how to use 3D printers with Geekdom to robotics and coding from the San Antonio Museum of Science and Technology.
The event is family-friendly and will include workshops on developing technology and city-building activities facilitated by the DoSeum, YouthCode Jam, the University of Texas – San Antonio and Able.City, among others. Attendees can also enjoy music by DJ Mayhem and a closing hour with Emo Hero, an alternative cover band.
Black Life Texas
Moses Using Tech
to Bring Water to Those in Need
Flint, Michigan and Puerto Rico – what do these areas have in common? They both have benefited from atmospheric water generation machines by the Most West Foundation and AWG Contracting.
Thanks to US Army Veteran Moses West’s compassion and innovation, these communities were able to access clean water. One eco-friendly AWG machine, which pulls water out of the air, can supply water to a minimum of 500 people and is small enough to transport in the back of a pickup truck. Through West’s military contacts, he’s able to quickly deploy from his base in San Antonio to weather-related disasters.
While AWG contracts with the Department of Defense in support of U.S. troops serving around the world, the Moses West Foundation has brought clean water to Flint, and worked with FEMA as part of relief efforts following Hurricane Maria in Puerto Rico. The nonprofit foundation was able to supply an estimated 15,000 people with water via an AWG machine operating on solar power. West is hoping he can bring his machines to war-torn Ukraine.
Flint (a highly-publicized water contamination crisis) represents what the future could look like in many US cities if the government and municipalities don’t make it a priority to fix aging infrastructure. This crisis is not new to Texas either. In Sandbranch, a small community outside of Dallas, residents are forced to use contaminated wells and rely on donations of bottled water to bathe, wash clothes and dishes, as well as to drink.
Though the aging town only has about 100 residents (mostly African-American), it’s a community that could use the water technology from the Moses West Foundation.
. . . the aging town only has about 100 residents (mostly African-American), it’s a community that could use the water technology . . .
“Sandbranch should be the model for what other people can do with this technology.” Moses said. “The Sandbranch project is 100 percent funded by donations. The stainless-steel water storage tanks will provide enough water to support residents, livestock and an organic community garden. Locals will be trained how to operate the technology so that the system is sustainable.”
West says there are at least 40 other communities in Texas dealing with similar issues. Many state and city leaders understand the dire need to fix the country’s water infrastructure.
In June of this year, the federal government just allocated up to $6.5 billion in total funding to support $13 billion in water infrastructure projects. Priority will be given to water and wastewater infrastructure in underserved communities. A portion of that funding will also be utilized to address PFAS and emerging contaminants. PFAS are harmful chemicals that break down slowly and can be found in the blood of people all over the world and at lower levels in foods and products.
While AWG is not the first company to use atmospheric technology, West is one of the few Black entrepreneurs making space for himself in the environmental business category. What also makes him standout is his vast military experience and his willingness to go to remote areas to help water-stricken communities. West is a prior member of the 75th Ranger Regiment, the 2nd Armored Division, the 2nd Infantry Division, the 7th Cavalry Regiment and the 101st Airborne Division.
In Ukraine, it’s estimated that damage to the water and power systems have left more than 6 million people without adequate access to safe water.
“Water is one of the issues that’s going to make a big difference in the lives of women and children in Ukraine,” adds Moses. “Their basements are full of moisture, wet and unhealthy. The AWG machines can pull pure water out of the air and, by doing so, keep people protected from small arms and artillery fire by decentralizing the location of where water is made.”
Currently the Moses West Foundation is raising at least $1 million to send five of the AWG machines to Ukraine and another five to Sandbranch, Texas.
Donations are being accepted online at the Moses West Foundation at (www.MosesWestFoundation.org). Just scroll down to “Donate Now.”
First-Ever Black-Owned Animation Network
Animation TV is the only streaming platform that brings all facets of animation culture together and gives back to its community as well.
Animation has not been traditionally a representation for people of color. Coupled with this is the reality that animation distribution for creators is limited. The time has come for animation enthusiasts to rejoice; it’s time to delve into a world never experienced before. Husband and wife duo Jermaine and Whaketa Hargrove plan to launch the first-ever Black-owned streaming animation network, Animation TV, in Summer 2022. Animation TV is the first and only animation streaming platform that streams all aspects of animation culture.
Animation TV will become the sole medium that can introduce viewers to the versatility of animation and all it has to offer. This platform will allow viewers of all ages and nationalities to experience the beauty of animation culture.
Animation TV will offer its content with a subscription and linear channel model for ease of access to viewers. Animation TV will work in collaboration with Small Town Animation Studios to deliver original, exclusive animation content such as the highly anticipated diabetic superhero movie Gumshe: The Type 1 Protector, or faith-based series The Sunday Schoolers, and other originals like Animate My Life, Welcome to Gamerville, Princess Tatenda and the award-winning series Shelly: The Dancing Spider.
Animation TV is intentional about giving back and makes it a part of its business model. Animation TV is the only animation streaming platform that creates opportunities for future animation industry professionals by using a portion of its revenue to provide animation scholarships for students from under-served communities.
In line with this initiative, Animation TV has partnered with some of the biggest names in animation, including Kit Bash 3D and The Animation School in South Africa. The Director and Co-founder of The Animation School, Nuno Martins, has this to say about the initiative, “The Animation School continues to drive diversity through partnerships such as Animation TV. These [partnerships] highlight the importance of building a diverse community within the international animation industry.”
CEO and Founder of Animation TV, Jermaine, also commented on his impending launch, stating, “We are using Animation TV and exclusive content to bring awareness to the lack of diversity and inclusion in the animation industry. By offering distribution to global animation creators, we will amplify the voices that sometimes go unheard. Structuring a theatrical partnership with a major film Studio for some of our stronger animation IP’s is also a goal of Animation TV. We are currently looking to finance, develop and distribute all forms of animation content(2D/3D) from creators all over the world.” Please send all submissions here.
Animation TV is poised to be a platform that translates animation culture into real-world value by tapping into the Metaverse and NFTs as features of the platform. Animation TV will also be distributed globally for users of all operating system interfaces, including iOS, tvOS, Android, Android TV, and the worldwide web.
For more information, please visit Animation TV.
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