The Democratisation of Economy
Host
Producer
Status
Platform used
Zencastr, Twitter, Email
Sponsors
Recorded link
Date & Time
‣
Episode
3
Guest & Project
Yele Bademosi/Nestcoin
show note
Season
Property
Intro
On this episode of Bankless Africa we are joined by the charismatic co-founder of Nestcoin, Yele Bademosi and we are going to hear from him what the democratisation of economic opportunities means for the continent of Africa.
David Adeleke communication lead
Yele Bademosi
Main Questions
Intro
- Where did the idea of creating Nestcoin come from? ✅ Binance director Yele
- What is Nestcoin about really? How does it work? ✅
- Would you say Nestcoin is just an African version of an existing Western innovation or it is a wholly new concept in its entirety?
- democratising advantage
- Communications lead for city developments - David
Body
- Nestcoin centers around 4 key areas, DeFi, Media, Digital Art & Gaming, why these four?
- Tell us a bit about Metaverse Magna, what is that about? How exactly will the ecosystem work? ✅
- Regulation and safety - the Axie-Ronin hack has of course caused a lot of people to feel the need for extra caution, to be fair people are getting reimbursed but what does that say about the reliability of play-to-earn games? ✅
- Play-to-earn gaming in Africa, the biggest hurdles in comparison with the rest of the world? ✅
- Regulation wise, is Africa well poised to set itself apart from the tight regulations in the East? ✅
- A lot of African innovations tend to focus on the North and sometimes the East, can we expect Nestcoin to break that barrier and cater for the continent in totality? ✅
- Accessing one’s earnings has been one of the biggest stressors with crypto in Africa, is this something that Nestcoin is looking into while we wait for the ability to make regular transactions and purchases with crypto? ✅
- Can you explain what Breach is? Is it looking to be a content creation social platform, a media outlet? ✅
- Decentralised creation ✅
- What is Nubian? ✅
- The tech & english literacy barrier - will this make a difference in the frequency or intensity of adoption? ✅
- Not everyone in Africa has the ability or the advantage to operate fully web3 or be completely bankless, but sure there are big lessons that we can then take form the decentralised space? ✅
- David - Do you find you have to adjust your approach to communicate with the
- Women-to-men ratio in nestcoin (30/70) ✅
- Nestcoin helped in launching e-choke token - A Social token for Davido, a renowned African musician.
- What is the intention behind social tokens? Do they have utility or they are vanity projects? ✅
- Are we going to see more African Artists taking advantage of web3, social tokens and digital art like NFTs to garner engagement from their fanbase and possibly give them the ability to profit from the artist’s potential meteoric rise? ✅
Closing
- African fiat currencies make it difficult to get in. How do we fix that? ✅
- What more can we expect from Nestcoin?
- How you feel about the space - 3 words
Ep Research resources