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Latest Articles

Kevin Hart Originally Purchased This Bored Ape NFT For A Reported $200K — Here's How Much He Sold It For

Trends come, and trends go. As artificial intelligence (AI) and virtual reality (VR) have been getting all of the attention lately, technology such as non-fungible tokens (NFTs) has simmered down. Now, Kevin Hart is one of many who have experienced one of the pitfalls that come with blockchain technology. In January 2022, the actor and comedian reportedly bought a Bored Ape Yacht Club non-fungible token (NFT) for 79.5 ETH or $200,401 in a deal facilitated by MoonPay, a cryptocurrency marketplace, as previously shared by AFROTECH™. The reported purchase was at a time when numerous celebrities such as Hip Hop artist Snoop Dogg and NBA player Stephen Curry were securing the once popular company’s digital tokens. Hart reportedly sold his NFT on March 25, 2024, for 13.65 ETH, which equates to $47,000 — significantly less than his original purchase of over $200,000 — per ZyCrypto. The outlet described the reported sale as an “81% discount.” Canadian singer Justin Bieber faced a similar...

Ngozi Nwanji

Mar 26, 2024

Ray J Shares How Misunderstanding The Terms Of A Loan 'Humbled' Him While Starting His New Television Network

Ray J has launched a new television network. The singer and entrepreneur just launched a television platform, Tronix Network, on Monday, March 25, 2024. While the R&B singer started out in the music industry, creating hits such as “Wait A Minute” in 2001 and “One Wish” in 2005, he has since tapped into his business side and ventured into other areas to generate revenue. Before deciding to create a new TV network, Ray J was known for his time investing in the tech industry. He first broke ground in 2016 with his Scoot-E bike brand, which launched through his electronics company Raytroniks. In 2019, the brand was acquired by micro-mobility and ride-sharing company LOOPShare in a deal reportedly worth about $34 million, per The Source. Ray J also supposedly walked away with more than 18 million common shares in LOOPShare, according to the outlet. He strengthened his presence in the sector, pivoting to Raycon Global, which he co-founded in 2017, as AFROTECH™ previously told you. “We...

Samantha Dorisca

Mar 26, 2024

Meet A’ysha Callahan, A 24-Year-Old Food Scientist Helping To Revamp KFC's Menu In The US

A’ysha Callahan’s love for cooking led her to become a food scientist at 24 years old. Growing up, Callahan was enveloped by hearty Southern cuisine influenced by her Mississippi and Louisiana heritage. This inspired her to spend more time in the kitchen and prepare the meals she grew up loving, including seafood gumbos, boudin, and salmon croquettes. “Growing up, I was always in the kitchen, messing with stuff, creating random things. I was also really passionate about the functionality of food,” Callahan told AFROTECH™ in an interview. It was later in high school that she saw her interest in cooking as a viable career path. There she received mentorship from a community coordinator at a nonprofit organization that she connected with through a science, technology, engineering, and mathematics (STEM) program. With guidance, Callahan discovered she could become a food scientist, which was her mentor’s position before her current role. “When she told me she was a food scientist, she...

Samantha Dorisca

Mar 25, 2024

How Tyrese Gibson's Extra Curricular Investments Built Him A Multi-Million Dollar Net Worth

Tyrese Gibson, widely known simply as Tyrese, is a multi-hyphenate talent regarded for his work on film and television, as well as his Grammy-nominated music career. Like many A-listers, Tyrese has worked his way up from small commercial placements to top-billed positions in massive blockbuster films. Unlike a number of his peers, however, Tyrese Gibson amassed his net worth purely from his own talent, business acumen, and hard work, rising out of the slums of the Los Angeles neighborhood Watts and earning millions. There are conflicting reports for Tyrese Gibson’s net worth, ranging from $5 million to over $30 million. Suffice it to say that the talented performer holds a multi-million dollar fortune, which is earned through a number of high-profile income streams. Here’s a brief look at where Tyrese came from, where he is now, and the many avenues he has utilized to earn his fortune. Tyrese Gibson’s Humble Beginnings (Photo by Paras Griffin/Getty Images) Tyrese was raised by a...

TeeJay Small

Mar 22, 2024

How DDG Turned A YouTube Channel Into An $8 Million Net Worth

Darryle Dwayne Granberry Jr, best known by his rap pseudonym DDG, first appeared on the YouTube platform in 2014, while he was still in high school. In the decade since he first pressed upload on the video-sharing site , the 26-year-old performer has managed to amass a fortune of over $8 million, through his various YouTube, music, and extracurricular ventures. While $8 million may not seem like much compared to other YouTubers who have been on the platform since its inception, DDG managed to create generational wealth from the ground up, without major backing by the entertainment industry machine. Here’s a look into DDG’s many creative ventures which contribute to his growing net worth, and a history of how he came to be the artist we all know and love. DDG Got His Start On YouTube (Photo by Craig Barritt/Getty Images for Gunna) Before DDG was a double platinum selling rapper, he was a class valedictorian growing up in Pontiac, Michigan. After graduating from high school with...

TeeJay Small

Mar 22, 2024

Meet The Father-Son Duo Behind A Multi-Million-Dollar Design Firm That Has Been Fueled By DEI Support

Father-son duo John and Joshua Johnson are behind a multi-million-dollar furniture and interior design firm securing major contracts. Inception The pair is leading Space Continuum, a venture that John started in 2016 after working decades in corporate roles. During an interview with AFROTECH™, John noted he evolved from working in corporate America to dealerships where he planned construction projects and offered design and installation services. He was then approached by top manufacturer company MillerKnoll to start his own dealership in Chicago, IL, which would help to increase its minority presence in the sector. “A lot of the corporate clients were saying, ‘Listen, we have initiatives that we need to meet and we’re asking, how can you help us meet those particular initiatives?’ With me already being in the marketplace and with my history and experience, everyone knew of me. So, they approached me and asked, would I consider becoming a MillerKnoll dealer, which I did. And we have...

Samantha Dorisca

Mar 22, 2024

Viola Carmona Created Tussle, A Livestream Platform, Following Her Experiences With Her Peers Who Needed Help Managing Their Earnings From TikTok

As the future of short-form video-hosting platform TikTok remains uncertain, one user is already creating a new home for creators. Viola Carmona is the founder of Tussle, an emerging livestream platform described as “the ultimate battle app” for creators to thrive. Carmona told AFROTECH™ that t he concept emerged following the experiences of her online peers who needed help with their earnings from TikTok through livestreams. TikTok’s Live feature, launched in 2019, allows creators to earn virtual gifts in the form of diamonds from supporters to earn revenue, the company website mentions. The more creators utilize this feature, the more they can be rewarded. Per TikTok, creators can earn a 50% split with the company following deductions for “the required payments to app stores, payment processors, and any other adjustment required under our terms and policies.” In December 2023, a report revealed that TikTok has generated $10 billion in total global consumer spending, and users have...

Samantha Dorisca

Mar 21, 2024

How Emeline King Made History As Ford Motor Company's First Black Woman Car Designer And Became The Interior Designer For The 1994 Ford Mustang

Meet Emeline King, the woman who developed the interior design of one of America’s most beloved cars. According to the Ford Performance blog, after 80 years of business, Ford Motor Company hired its first Black female car designer, Emeline King, who would soon help the company develop the concept that led to the interior design of the 1994 Ford Mustang. Her father, Earnest O. King Sr. — a Ford Motor Company fabrication specialist — introduced Emeline King to the brand at a very young age. Ultimately, Emeline King “fell in love with the 1968 Ford Mustang” after taking a trip with her father to the auto show; as they say, the rest was history.   View this post on Instagram   A post shared by Something Black Made ® (@somethingblackmade) “I loved to play with toy cars when I was a child. It was an insult to give me a doll,” said King to Ford. King was raised in Detroit, MI, the place dubbed the Motor City for its role in the Industrial Revolution and home to many of the automotive...

Shanique Yates

Mar 20, 2024

Why Victoria Monét Says 'You Have To Take Matters Into Your Own Hands' And Taught Herself How To Engineer In The Studio

For years, Victoria Monét has been behind the scenes penning some of the culture’s biggest hits for artists such as T.I., Chloe x Halle, and a host of others. Now, she is racking up her wins as an independent artist, showing no signs of letting up anytime soon. During the 2024 Grammy Awards, Monét was a force to be reckoned with, attaining seven nominations and walking away with three awards, including making history as the first Black woman to win Best Engineered Album (Non-Classical), according to The Hollywood Reporter. This feat hits close to home for the “How Does It Make You Feel” crooner whose entry into engineering emerged following frustrations from studio sessions she was having in the past. “The story of why I even know how to engineer is because I was working in a studio and wanting to record, and the people I was working with were getting sick of recording me,” she told Blavity in an interview earlier this year.   View this post on Instagram   A post shared by Victoria...

Shanique Yates

Mar 20, 2024

Limitless Minds, Co-Founded By Russell Wilson, Receives Funding To Improve AI-Driven Performance Coaching

A mental fitness startup co-founded by Pittsburg Steelers quarterback Russell Wilson has scored new funding. In 2018, Wilson (chief impact officer) founded the digital fitness company Limitless Minds with his brother Harry Wilson (CEO), a former med device and pharma sales leader; DJ Eidson (president), a former pharmaceutical and biotech sales leader; and the late Trevor Moawad, a mental conditioning coach named Sports Illustrated’s “World’s Best Brain Trainer,” according to the company’s website. View this post on Instagram A post shared by Russell Wilson (@dangerusswilson) The website also mentions that the Louisville, KY-based company started as a business coaching consultancy. Four years later, it created a digital platform called Club Limitless, which offers coaching, live on-demand mindset training, and performance tools to train users’ mental fitness. Over the years, some of Limitless Minds’ clientele have included Fortune 500 companies such as Johnson & Johnson, Workday,...

Samantha Dorisca

Mar 20, 2024

Apple Reportedly Filed A Patent For Its AirPods To Feature Electrodes That Detect Brain Electrical Activity

A patent from technology company Apple shows that it is working on tech innovations for its AirPods product. Back in July 2023, the U.S. Patent and Trademark Office (USPTO) published an application filed by Apple in January 2023. Within the application, the tech giant mentioned a wearable electronic device that is comprised of a processor that is arranged to identify active electrodes for sensing biosignals — “electrical activity of a brain of a user.” “The processor is further configured to: control the switching circuit for acquiring measurements corresponding to the biosignal being senses using the identified subset of the one or more subsets of active electrodes and the identified subset of the one or more subsets of reference electrodes,” the application wrote. Typically, brain activity is monitored with electrodes on a person’s scalp. However, Apple shared its claim that measuring brain activity “using electrodes placed in or around the outer ear may be preferred due to...

Ngozi Nwanji

Mar 19, 2024

Kanye West Claims He Lost $8B From Adidas — However, The Rapper Says He's ‘Still Going To Get That Money Back’

Kanye West is convinced he will recover his losses from the severed Adidas partnership. As AFROTECH™ previously told you, the apparel giant severed its ties with the rapper and record producer in 2022 due to antisemitic remarks West made at the time. As a result, Adidas paused the production of all Yeezy-branded products and froze payments to West and his companies. “Adidas does not tolerate antisemitism and any other sort of hate speech. Ye’s recent comments and actions have been unacceptable, hateful, and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect, and fairness,” the company declared in a press release . “After a thorough review, the company has taken the decision to terminate the partnership with Ye immediately, end production of Yeezy branded products, and stop all payments to Ye and his companies. Adidas will stop the Adidas Yeezy business with immediate effect.” In May 2023, Adidas softened its posture, announcing the company...

Samantha Dorisca

Mar 19, 2024

Uber Leads $100M Series B Funding Round For Moove, A Nigerian-Founded Mobility Fintech Startup

A Lagos, Nigeria-founded mobility fintech has secured a historic investment. TechCrunch reports that Moove has announced a $100 million Series B funding round led by Uber — marking the rideshare company’s first investment in Africa. Now, Moove’s valuation is $750 million. “ Today’s announcement marks a significant milestone for us,” Moove Founder Ladi Delano shared in a press release. “When we founded Moove in 2020, we were motivated to solve the acute shortage of vehicle financing that over two million African mobility entrepreneurs faced.” He continued, “This validation from Uber and others stands as a testament to the fact that what was once a dream is now a palpable reality. This infusion of capital is set to amplify the immensely positive impact our products have in the lives of our customers on a much broader spectrum. I would like to extend my heartfelt gratitude to our dedicated team of Moovers for their relentless effort and commitment, which has been pivotal in reaching...

Ngozi Nwanji

Mar 19, 2024

Lisa Leslie Invests In A Sports Metaverse Tech Company Following Her WNBA Retirement

Upon retiring, Lisa Leslie sought new ways to move the needle in women’s basketball. The WNBA superstar and hall of famer said goodbye to the game after her 2009 season, as reported by ESPN. Recently, Leslie discussed her involvement in another industry since the big decision. During the South by Southwest (SXSW) 2024 Conference, Leslie stated that she started developing an interest in the digital space shortly after her retirement. This new passion prompted her to become an investor in LootMogul, a company enhancing relationships among fans, athletes, teams, and brands through the sports metaverse, its LinkedIn page mentions. “Once I retired, you saw where everything just started to shift, whether it was the NFTs or just different ways to engage,” Leslie said during SXSW 2024. “So, I became an investor in LootMogul, which is one of the digital platforms that also can help with fan engagement and how they see it and giving fans the in-arena opportunity in a stadium or if they’re at...

Samantha Dorisca

Mar 18, 2024

Former Treasury Secretary Steven Mnuchin Says He's Working To Assemble An Investor Group To Buy TikTok

A former White House official has announced his interest in buying TikTok. On March 13, 2024, the House of Representatives passed the Protecting Americans from Foreign Adversary Controlled Applications Act. As previously shared by AFROTECH™, the bill is focused on TikTok and its China-based parent company ByteDance and was created to “protect the national security of the United States from the threat posed by foreign adversary controlled applications.” What’s more, if the bill is passed by the Senate and President Joe Biden as well as signed into law, ByteDance will be required to sell TikTok within 180 days. If not, it would be banned in the U.S. Amid the controversy around the potential status of TikTok’s future, CNBC reports that Steven Mnuchin, former treasury secretary for former President Donald Trump, is working to gather an investor group to purchase the app. “I think the legislation should pass — I think it should be sold,” Mnuchin said, according to CNBC . “I understand...

Ngozi Nwanji

Mar 15, 2024