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5 of Lagos’ largest abandoned construction projects

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Originally dubbed ‘The Waves Towers’, this project was developed with the belief that the now-defunct Oceanic Bank (Oceanic), might one day use part of it as a head office. It included a master combination of office, residential, and hospitality elements among others. After wide-scale fraud at the bank was uncovered in 2010, Ecobank received shareholder approval to acquire 100% of Oceanic in 2011, and the incomplete project was absorbed into Ecobank. In Q3:2021, Ecobank completed construction of one of the towers and moved its head office and other branches there. 

The Phoenix (formerly Victoria Tower)

Formerly called Victoria Tower, this large office carcass has also been left incomplete for over a decade. Its new sponsors, however, have taken over and are looking to complete this office development over the next year. 

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What project did we leave out? Send us an email using [email protected] or let us know on LinkedIn. 

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Crypto’s Barren Wasteland: A Look at What’s Left of Terra’s Defi and Token Ruins

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Following the Terra blockchain fallout and the great UST de-pegging event, the Terra network ecosystem is now a wasteland of almost worthless tokens and protocols. While both UST and LUNA were top ten crypto market cap contenders, Terra’s decentralized finance (defi) presence was second to Ethereum in terms of total value locked. Today, the remaining Terra-based token holders and defi protocol operators seem to be waiting for a miracle.

There’s been an abundance of news surrounding the Terra blockchain fiasco and how the team handled the terrausd (UST) implosion. A lot of people know that UST and Terra’s native token LUNA have lost considerable value over the last two weeks. UST has had a 24-hour price range between $0.068 to $0.054 per unit, which is a lot less than the $1 parity it held before the fallout.

LUNA too is down a great deal as it was trading for $72 per coin on May 7, and is now down 99.999849% at $0.00010853 per LUNA. But Terra also had a whole ecosystem of tokens like ANC, MIR, ASTRO, MARS, and more.

Anchor (ANC) the governance token for the defi protocol is down 96% over the past two weeks, and Astroport’s ASTRO token is down 98%. Mirror Protocol’s MIR lost 80.4% while Pylon Protocol’s MINE has shed 96.9% in the last 14 days.

Similarly, Mars Protocol (MARS) has lost 97.6% and the Loop Finance token LOOP is down 98.3% over the past two weeks. Statistics show on March 7, 2022, the Terra ecosystem of tokens was worth $44 billion and today its down 96.70% to $1.45 billion.

Terra’s presence in decentralized finance was once very large as it held the second-largest total value locked (TVL) out of all the blockchains in existence. On April 5, 2022, Terra’s TVL in defi was $31.21 billion and today, it’s down to $118.81 million.

Every single Terra defi protocol has suffered from 90-99% losses in terms of TVL per protocol. The applications are ghost towns and block explorers like finder.terra.money show extremely low activity for every Terra defi protocol.

The same can be said for applications like Terra Name Service (TNS) and non-fungible token (NFT) marketplaces like Random Earth, Knowhere, Talis, Luart, Curio, and One Planet. While name service domains on TNS were once $16 per name, they now cost $0.91 to register a name.

As far as NFT marketplaces built on Terra, some markets are still selling NFTs that were once quite expensive, but now the tokens are selling for bottom-of-the-barrel prices. Some NFT collectors removed their listings and are possibly waiting for a Terra re-birth. Most Terra NFT marketplaces are ghost towns in terms of activity.

A revival is likely the hope for many Terra community members, as the project’s founder Do Kwon and many other Terra supporters have put forth a revival plan to resurrect Terra from the ashes. The plan is to fork the chain at a snapshot before the UST de-pegging event and airdrop new tokens to UST and LUNA holders.

Presently, the rebirth proposal vote has four more days but the number of “yes” votes has passed the threshold at 62%. 21.10% have abstained from voting, 0.42% have voted “no,” and 16.48% voted “no with veto.”

What do you think about what’s left of the Terra blockchain ecosystem? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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Football and Online Betting

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Online sports betting in UK

Given that England was home to the first association football (1863), it is not surprising that football is very popular with online betting. The UKGC report shows that of the total £2.0 billion in gross game wins for online sports betting recorded between October 2016 and September 2017, football betting accounted for nearly 40% of GGY.

Recent information from Statista states that the gross gambling return on the UK property betting market is £196.9 million. Profitability in the online betting market fell in early 2020 due to the pandemic when many sporting events were cancelled or cancelled. Sports betting, on the other hand, has reached its peak and is finding that fans are temporarily just shifting their focus until real events are in the spotlight again.

Now that we have the picture, let’s talk about why people in England are willing to bet on football. Realistically, people rarely bet on something they don’t fully understand. That’s why you won’t find many people betting on sports like baseball in Europe. It’s no secret that most people living in England are big fans of football. Since football is a religion to us loyal fans, you can easily find detailed reviews and predictions for matches from different leagues (Premier League, Champions League and Europa League) on our website.

It is important to remember that not everyone is a football freak like the Brits, and not everyone has the same opportunity when it comes to betting on their favourite sports team for the upcoming match. With that in mind, take a look at other countries regarding football in online sports betting and the role of online betting sites.

Online sports betting in other countries

Take India for example. If we talk about numbers, major sporting events attract around 370 million Indians and around 140 million Indians gamble every day. Many better Indians are much more interested in cricket. In fact, around 80% of the sports betting market in India is cricket based.

Football and fantasy sports are also slowly approaching. The renaissance of football came with the launch of the Indian Super League in 2014. The launch of ISL sparked an impressive 137% increase in the popularity of the game.

Online Betting Opportunities

It is safe to say that online sports betting is quite common and widespread in the UK, but that is not the case everywhere. Despite its popularity, sports betting is actually mostly illegal in India.

However, you can still bet online through international operators like bet365 (which is also very popular in the UK) or BetWinner. Another great thing about betting sites is that the process is pretty much the same for everyone. Sign up, log into your account and start betting on your favourite football team.

When we talk about betting options and models, the possibilities are endless. Generally, the two broadest categories are based on statistics (goals under/over) or results (match winners, results). There’s also the number of cards, offsides, fouls… you name it. Online betting offers the opportunity to approach the same game from different angles. As such, online betting is likely to remain popular in India despite the softening of local regulations.

The future of online betting

All in all, online betting is probably just another step towards something better. We have the technology to thank for that. Thanks to the rapid advancement of technology, the world of football has opened the doors to a completely different level of entertainment. Apart from enjoying the game, we can win and have fun making predictions.

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