Research Discovers Standard Accelerators Aren't Great Fit For Social Entrepreneurs

 Are startup accelerators beneficial for social enterprises, especially those concentrated on reviving having a hard time city areas and economic advancement? Suntae Kim, assistant teacher of administration and company at Boston College, invested 8 years investigating two accelerators in Detroit to discover, working a lot of that time with Anna Kim, assistant teacher in administration for sustainability at McGill College.

Their conclusion: To prosper, social enterprises need a different approach from the one normally upheld by a traditional accelerator. The trick is developing deep connections within their communities, instead of chasing financial backing.

We spoke with Suntae Kim to read more concerning his searchings for.

This started as part of my dissertation at the College of Michigan in Ann Arbor.
Ty Tysdal I did two years of ethnographic study embedded at two new business incubators, both wanting to rejuvenate Detroit. After I left Michigan in 2014, we followed up with the entrepreneurs in the programs over the following six years approximately.

One was what I 'd call a standard accelerator modeled on the Y Combinator strategy. The various other, what I would certainly call an alternative accelerator, originally was in the procedure of determining just how best to nurture a new service. They had a quite strong resistance to the standard model.

They 'd seen lots of entrepreneurs that went though accelerators, obtained funding and declared bankruptcy the next year. They really felt the design would not work in Detroit. Ty Tysdal Maybe in San Francisco, where business owners, if they fall short, can transfer to one more endeavor or get a task, particularly if they, claim, have a masters in computer system design from Stanford. But if you're an entrepreneur from Detroit, if your organization goes under, you're out of good luck. Partially due to that, they put off business owners from taking investments early on.

Yet also, their philosophy was that growing a business resembles a living microorganism, like oak trees getting power normally from sources around them. It's what I call neighborhood bricolage. That's an anthropological term meaning that entrepreneurs use regional resources as opposed to looking for equity capital investment. They fix issues with sources they contend hand.

The alternate accelerator had coaches, like various other accelerators, that would certainly collaborate with entrepreneurs weekly. However there were distinctions.Ty Tysdal The duration of the program was far more adaptable, tailored to the demands of the business, following their approach that every creature in nature has its very own time to grow.

These ventures mostly made use of resources that existed in Detroit-- the bricolage I discussed. As an example, there was one company trying to help food entrepreneurs of color who didn't have a lot of education, but understood how to make good food. They repurposed accredited cooking areas in neighborhood churches, local childcare centers that didn't need to utilize those centers constantly. An additional example was a company trying to offer fresh food in food deserts in Detroit. At the time, there was no major grocery store chain in the location. They transformed community centers, neighborhood colleges, filling station into circulation centers for their fresh food.

Avalanche adjustment danger climbs after AVAX cost soars 80% from January lows

 Strong network development underpins AVAX's current rate gains, but a multi-month technological pattern remains to pose downside threats for the Avalanche token.

Avalanche's (AVAX) recuperation expanded right into its 3rd week, largely in the wake of comparable upside retracement throughout the leading crypto assets.

On Thursday, AVAX's cost rallied by virtually 16% to get to $96.50, its best level because Jan. 14, 2022. The massive intraday move came as a part of a healing that began Jan. 22, after the Avalanche token bottomed out near $53. Consequently, AVAX's web rebound came out to be greater than 80%.

Network development offsets macroeconomic scare
Crypto markets have actually been whipsawed considering that the beginning of 2022 as capitalists assessed the United States Federal Reserve's financial tightening leads. After reaching its document high over $150 in November 2021, AVAX lost as much as 65% of its worth in what many have actually described as "crypto winter season."

In a similar way, leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) plunged by as high as 52% and 57%, respectively, from their November 2021 document highs. However they recouped nearly fifty percent of their losses after bottoming out in late January 2022, hence triggering various other crypto properties-- consisting of AVAX-- to undergo comparable healing rallies.

AVAX's cost also increased as Avalanche-- as a standalone blockchain job-- reported huge network growth at 2021's close.

That included a rise in the number of its everyday active addresses to 70,000 each day in Q4 versus 10,000 each day in Q3 as well as a 714% surge in the overall value locked (TVL)-- the fastest growth among its competitors within the layer-1 as well as layer-2 classifications-- after the arrival of leading Ethereum methods, Aave and also Curve right into its environment.

Interestingly, the Avalanche network grew in Q4 regardless of a decrease in its net market assessment in the exact same duration, recommending AVAX simply responded to turbulence in the crypto and, in turn, the international markets, led by the Fed's so-called taper tantrums.

But a report co-authored by Messari scientists Chase Devens as well as James Trautman hinted at greater AVAX fostering in the quarterly sessions ahead. It stated Avalanche Rush, a $180-million liquidity mining reward program introduced in August 2021, for its capability to attract even more participants right into the network.

AVAX's current advantage relocation was met sell-offs near a multi-month coming down trendline resistance this Tuesday.

Specifically, the resistance comes as a part of a dropping network. AVAX has been trending lower inside it since the beginning of its substantial adjustment move in late November 2021. Consequently, the Avalanche token's probability of continuing descending inside the channel's range-- in the meantime-- appears greater.

NFT Rarity Explained in New Video on BEESSocialTV

BEES.Social releases a brand new video in the BeesSocialTV series in which Dustin Ray, a non-fungible token (NFT) collector, offers the explanation of the rarity of NFTs. Dustin begins with an explanation of rarity, using the dollar bill as an example and explains that rarity is influenced by the process of minting. Dustin states that due to the nature of minting and the nature of minting, the process of minting an NFT rarity can be compared to an "crypto lottery" where the chance of winning a rare NFT is extremely low. That's why Dustin prefers to purchase NFTs using a process known as "sniping".

In his first description of rarity Dustin makes use of dollar bills to illustrate. The thing that makes one particular dollar bill, like for instance, a $20 bill is the paper used to print the bill. The rest of the details are the same as every dollar bill is printed on the exact same kind of paper and the exact type of ink utilized. The same way the content of an NFT is what makes it unique. It is difficult to determine the rarity of an NFT when they are made available because during "the "minting process" people don't know if what they've purchased an extremely rare NFT that has a high value.

This is the reason Dustin prefers to hold off until when there is a "reveal," which is typically done after the NFTs are sold out following the time they were issued. Dustin's strategy is to attack right after the announcement. Since the amount of people who are interested in NFTs is growing rapidly It is a challenge to participate in the process of minting. According to Dustin it would be as if you were throwing money away since it's very similar to the lottery. With his sniping technique even though he wasn't yet able to obtain the top 10 NFTs, Dustin was able to collect the top 100s or 200s that are extremely valuable.

It is important to remember the fact that an NFT is an asset in digital form that provides the digital evidence of ownership for an item like a work of art. NFTs are stored on a blockchain to ensure that the item is unique due to the fact that Blockchain technology can make it difficult to alter or create counterfeit NFTs. It is essential to realize that fungible objects as opposed to items that are not fungible, are easy to trade with other fungible objects since their value isn't tied to their individuality. However every NFT has distinct characteristics that determine its worth similar to an artwork.

In the meantime, WeGoBattle is an NFT community that has created excitement within the NFT community by offering 500 Ethereum for NFT artists each day. They also have different types of NFT giveaways every day. The NFT is a distinctive kind of digital asset that demonstrates the ownership of tangible items like music, video, art clips, etc. To ensure that it's not duplicated or copied by other people, it utilizes the same technology of blockchain that is utilized for cryptocurrency however it is not a currency.

NFT is not an actual currency. However it is an NFT depending on its rarity, can provide the value of a specific NFT. Therefore, certain NFTs were sold at a price of millions, but NFT to invest in option is highly uncertain. It's more like the lottery that Dustin Ray pointed out.



 

Several NFT communities have begun to donate money as part of their initiatives. For example the NFT community dubbed" the Drunken Pandas have given $50,000 to World Widelife Association for the reason of panda adoption.

In January 2021, BEES Social was created to transform the method by which businesses present their ideas to the general public. BEES.Social is a non-profit platform that functions as an autonomous, decentralized entity (DAO) which allows anyone to take part and learn about new initiatives directly from the founders. BEES.Social is mostly focused on teaching the general public about the ways they can benefit from the digital revolution. The founders want to emphasize that they're not an investment firm nor are they day traders. Instead, they're members of a group of people who recognize the importance of efficient communication, respect sharing of crucial information and openness.

Anyone curious about learning more about NFTs should go through these BEES.Social video on YouTube.
https://nft.magnewsblog.com/nft-rarity-explained-in-new-video-on-beessocialtv/

Utah Jazz To Offer Fans Unrestricted Access With Revolutionary NFT-Based Virtual Locker Room

The Utah Jazz plan to be the first team to allow fans to access a virtual locker area via NFTs. Fans of the Utah Jazz would be able to access the locker room and meet some of the legends from the team through the launch.

Jazz fans have the chance to make their dreams come true with an NFT.

A great opportunity for the fans and the community

Ryan Smith, the team owner, spoke highly of the launch and described it as a great opportunity to the Utah community, as well as the more tech-savvy supporters. He added,

"The NFT Program is our chance to show the world technology is thriving here in the state. We intend to continue to innovate as we move ahead."



This is also a sign that the NBA is becoming more involved in crypto and NFTs.

Groundbreaking Initiative

Utah Jazz fans will have virtual access to the locker room. They can also take a tour through the locker room. You can also interact with any franchise icon: former players, part owners, coach owners, and even players. During the season, multiple NFTs will be sold by the Utah Jazz team.

You can purchase NFTs as soon as today via the website rarbible.com. They are secured with the Ethereum blockchain. Unless they sell out, the sale will continue until September 15th. The sale will include 30 NFTs from the Utah Jazz team.

In other news, this NBA legend is diving into cryptography

Stephen Curry, the NBA's superstar, has entered into a long-term partnership agreement with cryptocurrency exchange FTX. Curry will be the global ambassador of FTX, and he will also become a shareholder in crypto exchange FTX. Stephen Curry was welcomed into the FTX family by the CEO of FTX, via Twitter.

"Welcome To The @FTX_Official Family @StephenCurry30

Curry also joined the Bored Ape Yacht Club. Curry bought a NFT bored ape for 55 ETH, or about $180,000.



Read More

https://nft.magnewsblog.com/

https://nft.magnewsblog.com/utah-jazz-to-offer-fans-unrestricted-access-with-revolutionary-nft-based-virtual-locker-room/

Price Appreciation Isn’t Guaranteed, So Start Making Money with Idle NFTs and DeFi Assets

Many people buy non-fungible tokens, or NFTs, with the hope of selling them at a higher price in the near future. While some NFT owners don't wish to sell their treasured possessions it doesn't mean that they cannot still benefit from them.

There is a level of risk involved in investing in any market. Price appreciation is not guaranteed, and long-term holding of idle assets can result in significant opportunity costs. NFTs are no exception because their fair value due to their highly speculative nature is not known.

NFTs are among the most abstract assets ever created and traded. A "COVID Alien NFT" sold recently for more than $10 million. It's possible that other buyers might not be willing to pay that much for such an item. NFTs are often viewed as absurd by many people. It can be difficult (or impossible) to give them a monetary value.

There are strategies investors can use to start earning steady returns on their DeFi or NFT assets.

Profit from your NFTs by participating in yield farming

Experienced investors will know that art and collectible markets have a greater liquidity deficit than traditional equity and gold markets. This liquidity crisis is more prevalent in the NFT space which is still in its infancy.

Matching serious buyers with honest sellers, lenders or borrowers can take a while. NFT holders who lack the liquidity to make the best deals might not find the best deal. They could end up selling their collectibles at very low prices if they are in urgent need of money.

Drops Crypto allows NFT owners to make capital by using their NFTs for collateral. It offers attractive options to users that will allow them to leverage their assets to obtain loans or participate in yield farming opportunities.

It allows users to create NFT vaults, where funds borrowed against DeFi assets and NFT assets are sent directly to a yield-farming strategy. This will enable yield farming with NFTs.

To earn a significant yield, you can lower the opportunity cost to hold governance tokens or liquidity tokens. You can also use the NFTs to secure trustless loans. Drops' lending platform is powered by non-permissionless NFT lending pools. You can also earn competitive APYs by using your "idle" assets to generate returns.

Have you ever thought about renting your NFTs out?

It is a promising trend to rent out non-fungible tokens in return for a fee. NFTs can be borrowed for a fraction the price of buying them. They may want to show it off or just want to experience the joy of owning a valuable possession for a brief time.

You can make passive income as an owner by renting your NFTs. Yiedl Finance lets its users rent their NFTs to make rental income. NFT owners have the ability to set the rental price, NFT price (which can be subjective) and maximum rental period. Anyone who wishes to borrow your NFT must also deposit the NFT price as collateral and the rental fee for the requested lease period.

NFT owners don't have to worry about fraud or theft because the borrower used the NFT value as collateral. The collateral is released to the borrower if they return it on time.

This is a more appropriate option for investors who have a solid understanding of crypto market and investor behavior. This is how it works: Use your NFT as collateral to borrow cryptocurrency that you have determined has huge upside potential. To make passive income, stake the cryptocurrency (so why keep it idle?). While you wait for the price to rise, stake the cryptocurrency.

Staking will give you staking rewards and also allow you to benefit from price appreciation. Staking is the act of using your cryptocurrency to verify transactions and take part in other network activities.

NFT is still in its infancy. It would be common for people to want to monetize NFTs that they have bought for large sums of money. Waiting for the prices of NFTs to appreciate may prove futile. Drops Crypto, Yiedl Finance and other platforms are offering new ways to make money using DeFi assets and NFTs.

https://nft.magnewsblog.com/price-appreciation-isnt-guaranteed-so-start-making-money-with-idle-nfts-and-defi-assets/

WeGo Battle Pods Arrive Selling Out At Light Speed

WeGo Battle Pods is a collection of NFT's that made their initial debut on August 20th, 2021 selling out within 3 hours. The initial cost for the WeGo Battle Pods was .3838 ETH bringing them to over 1 million dollars in sales before selling out.

WeGo Battle Pod #748 Listed for 77 ETH

Some of the owners are highly optimistic about what they will sell their pods for in the future. WeGo Battle Pod #748, probably one of the coolest designs ever, is already listed for 77 Eth by the owner. At today's prices on Ethereum that is $246,202 and the owner of WeGo #748 thinks if people are buying rocks for $600K they will eventually buy a cool Battle Pod NFT for a quarter million.

CryptoSwarmer, as they/them call themselves (pronoun preference not yet known), has started a portfolio of their favorite WeGo Battle Pods to display. but identifies as an NFT Collector and crypto enthusiast. CryptoSwarmer (pronoun unknown), identifies as an NFT Collector and Crypto Enthusiast that spends their time tending their yield farm by pressing "beast mode" buttons. Obsessive Compulsive "Beast Moding" is a problem but not yet recognized by the American Psychiatric Association as a real affliction but could be presented to the board as early as 2024 for recognition. Cryptoswarmer claims to have been suffering from "OCB", ever since he first started yield farming with BEES.Social on their exchange.

The Future of WeGo Battle Pods

There is a lot of BUZZ around these pods because there is a DeFi plan behind them. Noone knows what the plan is but the WeGoBattle website has indicated that they will drop information nuggets as their official Twitter account gains certain milestones for followers.


Join WeGo Battle on Discord


Anyone can join the Discord channel for future announcements and being part of the NFT community here https://t.co/gGwKxmeyNa.

https://wegobattle.magnewsblog.com/wego-battle-pods-arrive-selling-out-at-light-speeds/

You Can Now Buy NFTs That Help Rebuild Brazil's Rainforest

NFTs, or non-fungible tokens, are digital collectibles that often come at a high cost, both to the investors and to the planet.  But that is about to change as one company comes to the rescue to offset the environmental cost of NFTs.

What's an NFT?

More or less, "non-fungible" means that the item is unique and cannot be replaced by another. A Bitcoin for example is fungible. You can trade it for another bitcoin and get exactly the same thing. However, a one-of-a kind trading card is not fungible. You would have something entirely different if you traded it for another card.


Goon and Lion NFT's Destroying Earth?


"We can't let the Goons of Balatron, or a bunch of Lazy Lions destroy our planet", said an anonymous climate change proponent protesting outside of a large scale Ethereum mine in an undisclosed place where they were protesting.

As the popularity of NFTs has grown, so has the conversation about lessening the environmental impact of these types of blockchain assets. New blocks of information are added — or “mined” — to a decentralized blockchain network based on a process called proof-of-work, which requires expensive computer hardware that consumes a lot of power.

Activists around the world are concerned that these silly NFT's are destroying the planet. One of the activists said they were just protesting because they are able to get out of work for anything to do with climate change, but said, "these tree huggers are so dumb, as if cartoons are going to destroy our world."




Ultimate Green NFT


Several companies, including sustainability platform Aerial and music-centered platform Oneof, have recently launched initiatives to help offset the carbon footprint of minting NFTs. Last week, Real Nifty announced the launch of “The Ultimate Green NFT” aimed at helping reforestation efforts in southeastern Brazil.

Every user that purchases an NFT through the To Be Named Atlantic Rainforest project will fund the planting, growing and maintaining of native species in the Atlantic Forest region of Brazil. NFT holders will also have a plot of forest land named after them and will hold a 30-year license to the carbon credits.

Brazil is home to the largest rainforest in the world and is often called “the lungs of the planet.” The lush green landscapes are pivotal to helping combat climate change and controlling greenhouse gas emissions.

“This collaboration allows the cryptocurrency technology to not only offset but reverse its harm to the environment so that the net impact is positive for everyone,” said Real Nifty CEO Shi Wen Li in a press release.

Unfortunately it just looks like another form of division. NFT Lovers VS. Climate Change. If I was a betting woman, I would place everything on the NFT Lovers. Those are real communities with passion.

https://nft.magnewsblog.com/you-can-now-buy-nfts-that-help-rebuild-brazils-rainforest/