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Saturday, May 21, 2022

Meta hasn’t come to play

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Whats up there,

Generally — unintentionally — I can’t cowl all that occurs within the tech ecosystem in the course of the week. And that’s one cause we’ve the Techpoint Africa Podcast. 

In the present day, one of many podcast highlights was Elon Musk’s plan for Twitter. Whereas Bolu mentioned the plan, one evident query the editorial staff and I had was: Are Africans part of this new Twitter? I imply, are you even a part of Musk’s equation?

To get a transparent image of what I’m speaking about, please take heed to it right here. Bear in mind to share with your loved ones and buddies.

In the present day, I’ll be discussing:

  • Instagram’s plan to start out testing NFTs
  • Paymob’s $50 million Sequence B
  • Fb phasing out a few of its options
  • Manara’s $3 million pre-seed

Instagram to start out testing NFTs

Yesterday, Monday, Might 9, 2022, Instagram CEO, Adam Mosseri, announced that the platform would start testing NFTs with choose creators this week in the US. 

He additionally mentioned that there could be no charges for posting or sharing a digital collectible on Instagram. 

Presently, the supported blockchains for showcasing NFTs on Instagram are Ethereum and Polygon, with assist for Circulate and Solana coming quickly. Rainbow, Belief Pockets, and MetaMask are among the many third-party wallets that might be supported.

Creators and contributors within the take a look at can now share NFTs that they’ve created or bought. These NFTs might be shared in your foremost Feed, Tales, or messages. 

Mosseri defined that solely a small variety of individuals have entry to the take a look at, however the firm intends to roll out extra NFT-related performance sooner or later based mostly on suggestions from its preliminary testing.

Web3 ’bout to take over: Recall that in April 2022, Telegram’s Telegram Open Community (TON) Basis introduced the provision of crypto fee capabilities. 

This implies that customers can obtain Telegram’s official pockets bot, which permits them to purchase, commerce, and ship cryptocurrencies to different wallets.

Additionally, remember that on January 2022, Twitter Blue added one other function for its customers: the flexibility to attach a crypto pockets and add an NFT as a profile image for cellular iOS customers, which it added to accommodate excessive consumer demand.

In the meantime, Meta CEO, Mark Zuckerberg, said that related performance could be added to Fb quickly and presumably to different Meta apps sooner or later. He additionally claimed that Meta might be engaged on augmented actuality NFTs, or 3D NFTs, that may be added to Instagram Tales utilizing Spark AR, the corporate’s software program AR platform.

Techpoint Africa Blockchain Summit 

From Fisayo Fosudo’s escapades in tech and finance to Hillary Omitogun’s journey as a Web3 UX researcher at Nestcoin, we’ve a star-studded line-up of audio system on the Techpoint Africa Blockchain Summit (TABS 2022). 

Tickets are promoting out quick; save a seat for your self right here.

Paymob’s $50 million Sequence B

Paymob, an Egyptian fintech that enables retailers to simply accept digital funds on-line and in-store, has raised $50 million in Sequence B.

PayPal Ventures, Kora Capital, and Clay Level led the spherical. Additionally, British Worldwide Funding (previously the CDC Group), Nclude, and three unnamed Egyptian banks participated.

The fintech firm was based by Islam Shawky, Alain El Hajj, and Mostafa Menessy. It collaborates with a various vary of companies and retailers. Its omnichannel fee infrastructure — which Islam claims is the biggest in Egypt — permits them to simply accept funds in varied methods.

These choices embrace cellular wallets, QR funds, financial institution card installments, BNPL, and client finance fee choices. Paymob additionally presents a PoS answer for offline retailers, permitting them to simply accept in-store card funds.

Paymob claims to serve retailers in different markets, together with Kenya and Palestine however has but to open a department in these international locations. As a substitute, the corporate’s sights are set on a couple of Gulf Cooperation Council (GCC) — political and financial alliances of six Center Japanese international locations — and North African markets. 

Moreover, the funds may also improve its market share in Egypt and add new choices to its product suite, like expense administration software program and dealing capital provision.

Fb is phasing out some options

Photograph by Solen Feyissa on Unsplash

Social media guide, Matt Navarra, announced that Fb, the social media large, will section out Close by Mates — a function that finds out if any of your folks are close by so you may hang around — on Might 31, 2022.

Additionally, climate alerts, location historical past, and background location might be phased out the identical day. 

Supposedly, these options will not acquire data after that date, and the beforehand shared location historical past and background location data might be deleted by August 1, 2022.

Maybe unsurprisingly, Fb says it should proceed to gather customers’ location knowledge for different experiences to personalise and enhance its merchandise and suggest adverts to you.

Is that this related? Except for social networking apps, Apple and Google each present instruments for locating family and friends, as do devoted household monitoring companies like Life360.

Manara’s $3 million pre-seed

Manara, an edtech startup, has raised $3 million in pre-seed for its cohort-based coaching platform to develop the Center East and North Africa (MENA) area’s tech expertise pool.

Stripe led the startup’s pre-seed spherical, whereas LinkedIn Founder, Reid Hoffman; Y Combinator founder, Paul Graham; Lean Startup founder, Eric Ries; and Careem founder, Mudassir Sheikha participated.

What does it do? Launched by Iliana Montauk (CEO) and Laila Abudahi (CTO) in 2020, the startup payments itself as a social affect edtech startup that gives laptop science coaching to anybody who qualifies. 

Whereas there isn’t any tuition price, college students should contribute 10% of their wage to Manara throughout their first two years of employment. Additionally, the corporate claims that its alumni have been positioned at giant tech firms like Meta and Google in Europe and the US.

In keeping with Manara, 86% of its skilled engineers obtain job presents inside 5 months of graduating, and others obtain as much as a 300% pay improve after the coaching.

The startup intends to make use of the funds to extend its annual coaching capability from 60 to six,000 engineers. Additionally they plan to launch a self-service product for interview observe, networking, and mentoring, aimed toward software program engineers worldwide.

What I’m studying and watching


  • AFS International STEM Accelerators is in search of females between the ages of 15 and 17 years to use for its 12 week all-virtual applications specializing in rising and important STEM expertise and fields, international competence training, and social affect (co-developed with the College of Pennsylvania). Apply right here.
  • Techpoint Africa will host entrepreneurs and startup fanatics at Techpoint Pitch Friday on Friday, Might 13, 2022, by 5 p.m at 43b Emina Crescent, Opebi, Allen, Ikeja. Register right here.
  • TechCabal is in search of Senior Editors to affix its staff. To use, click on right here.

Have a terrific Tuesday!

Victoria Fakiya for Techpoint Africa.

Victoria Fakiya

A author with ADHD who’s keen on psychological well being and the way expertise is enhancing the lives of Africans with ADHD.

Are you in tech and you’re looking at getting a international distant job otherwise you need to transfer overseas? Fill this way and you’re going to get the BEST assets that can assist you get that prime paying distant job in addition to japa simply! WAGMI!

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