Dogecoin, one of the most well-known names in the cryptoverse, has made major progress with the minting of the first-ever NFT on the blockchain.
In recent months, the project has progressed with more use cases to discuss, and now a developer has just added NFT minting capabilities to that list.
On Twitter, a $DOGE developer known as inevitable360 announced the creation of the first non-fungible token (NFT) on the Dogecoin blockchain and posted the transaction in which he did it.
What you should know
The developer pointed out that minting the NFT on the Dogecoin network costs merely 0.01 DOGE, or less than one cent at the time of writing. The developer explained how he created the NFT by using SHA-256 hash functions and storing it on a Checksum.
The anonymous developer’s post drew the attention of several important members of the Dogecoin community, including Billy Markus, the coin’s co-founder.
Some of the individuals who discovered the tweet sent DOGE to the developer and asked if they could mint their own NFTs on the meme-inspired cryptocurrency’s blockchain.
The ability to mint NFTs on a blockchain like the Dogecoin network will undoubtedly be a game-changer, as transacting in Doge will be substantially cheaper.
In addition to holding their Doge and conducting transactions with it, Dogecoin’s millions of supporters will have other use cases to work with.
The digital asset has almost successfully shed its reputation of being a joke and this newfound utility could be the completion of that process.
Dogecoin was founded as a joke in 2013. It made waves in 2014 when it raised more than $25,000 in DOGE to help the Jamaican bobsleigh squad compete in the Sochi Winter Olympics.
Recall that Elon Musk recently announced that Tesla Inc. will accept payment in Dogecoin for some products, causing the meme coin to increase by 20%.
Power Black Aims to Disrupt Nigerian Energy Drinks Market
By Adedapo Adesanya
Power Black Energy drink, a Turkish energy drink with a presence in over 35 countries across Europe, Asia, Africa and the Middle East, has landed in Nigeria, being the first and only energy drink in Nigeria with a hygienic cover.
Speaking at a recent launch, the Marketing Manager of Frisson Nigeria Limited, the sole distributor of Power Black Energy Drink in Nigeria, Mr Ojotobor Samuel, said Power Black Energy Drink is a premium energy drink that offers Nigerians needed the power to achieve their goals with class and finesse.
Mr Ojotobor said as the first and only energy drink with a hygienic cover in Nigeria, Power Black seeks to encourage healthy consumption of energy drinks whereby consumers do not have to finish the can of drink at a go as it can be preserved with the hygienic cover all day long.
The Frisson Nigeria boss said Power Black Energy Drink is made with clean water, sugar glucose syrup, carbon dioxide, acidity regulator (Citric acid & Sodium citrate), Taurine, Vitamins B2, B3, B5 and B6. These ingredients, according to him enrich the human body with desired energy and account for the positive effect on the cognitive performance of every individual.
He added that there is no negative side effect to Power Black energy drink if consumed in moderation and advised Nigerians that it is healthy to consume everything, including water in moderation.
Validating the claims of the distributing firm, a representative of the manufacturer, Ares Gida Manufacturing-Turkey, Mr Recep Yildiz said Power Black Energy drink is made with finest of ingredients and purest of water and it guarantees good health and energy for Nigerians.
He added that the brand is the leading brand in the energy drinks market of countries like Spain, Germany, United Arab Emirates, Kuwait, Qatar, Jordan, Chad, Ghana, Ivory Coast and Mali.
As the latest entrant in the Nigerian market, the company has noted that the brand will soon take its leadership position in Nigeria.
Konga represents stretch factor in Nigerian e-commerce – Ibukun Awosika
Mrs. Ibukun Awosika, a serial entrepreneur and former Chairman, First Bank of Nigeria Plc., has hailed Konga, Nigeria’s leading composite e-commerce giant as a stretch factor that has taken on and surmounted huge challenges, while positively disrupting the face of e-commerce in Nigeria.
She made the call on Saturday, January 15, 2022, at the Konga Group’s retreat held at the impressive Yudala Heights on Idowu Martins, Victoria Island, Lagos
Awosika, who was one of the special guests at the half-year business review retreat organized by Konga, heaped praises on the e-commerce giant for bouncing back from a potential exit in 2018 after acquisition by the Zinox Group and restoring hopes among millions of Nigerians in the viability of the e-commerce industry.
‘‘This has proven that we have globally experienced entrepreneurs with capacity to alter our economic destinies. In your journey in life, there are many who would say you cannot do it. But do not pay heed to them. Konga has proved this axiom by showing that nothing is impossible when you set your mind to it. Today, many of us are witnesses to the impressive strides recorded by the company in the e-commerce industry, coming from a near-exit in 2018 to eventually turning profitable.’’
While assessing the resilience, huge strength and adaptability that has seen Konga thrive in a difficult terrain, as well as the huge ambition driving the brand, Awosika drew fitting analogies with quality fabric which often recover to its starting point after being stretched – a process used by garment and furniture makers in working out the stretch factor of individual fabric.
Addressing Management and staff at the session, she said: ‘‘In my opinion, Konga is a stretch factor and a great ambassador for Nigerian e-commerce. I urge you all to remember that as employees, you are the face of the brand and must carry this with mandate with responsibility everywhere you go,’’ she stated.
Her thoughts were echoed by Mr. Funso Akere, Chief Executive, Stanbic IBTC Capital, who equally identified Konga as a potential leader of African e-commerce, in view of its high ethical standing, current growth trajectory and perception among interested investors.
‘‘There is a huge opportunity for Konga to assume leadership of the African e-commerce space and sustain it comfortably from what I have experienced. You have a brand that is highly respected, known for its zero-tolerance for unethical practices and one that is growing at a fast pace. There are four things investors look at. First is, the opportunity. The second is the ambition – how big it is. Third is the skills – what are the human resources or assets available and the fourth is the execution or what you would call the process. Under process, you talk about governance and control.
‘‘Konga has done very well in these areas and it is no surprise that some of the biggest investors in the world are interested in the business,’’ he concluded.
In his closing remarks at the exciting two-day retreat which witnessed excellent presentations and thought-provoking conversations, Co-CEO, Konga Group, Nick Imudia, who declared 2022 as the year of partnerships, reiterated the unwavering determination of the entire Management and staff of the company in keeping up the pace of Konga’s fast-paced growth in the e-commerce industry.
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