CBX Daily 12/12/2023

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CultureBanx Team
December 12, 2023

Today billions of dollars are being poured into fighting environmental racism, but let’s start with the intersection of Web3 and live immersive experiences!!!

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Black Innovation’s Frontline: BrickRose Exchange Is Leveraging Art, The Metaverse, And Web3 For Unforgettable Live Experiences

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In the new era of digital immersion, the rise of the metaverse and web3 technologies have sparked a revolution in how we interact with digital and in-person spaces. This is where BrickRose Exchange, founded by Bianca Jackson comes into play as her company is bridging these new technologies to create unforgettable live experiences in a sector that’s expected to reach $2.1 billion by 2028. As these advancements continue to reshape the landscape, businesses and artists alike are discovering innovative ways to leverage these tools for bringing immersive and unforgettable live experiences to the forefront.

Deep Breath: Unpacking The Cost of Environmental Pollution In Black Communities

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The Biden administration has earmarked a staggering $2 billion for its largest-ever environmental justice initiative, aimed at cleaning up pollution and fostering clean energy development in marginalized communities. This initiative responds to the stark realities of environmental racism and the disproportionate impact of pollution on Black neighborhoods. It’s not just about monetary investments; it's about rectifying historical wrongs, ensuring equitable access to a clean and safe environment for all, and one day being able to take a breath of fresh air.

Diverse Suppliers Could Add $280 Billion To The U.S. Economy

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The U.S. economy is being called to task regarding the very top of mind subject of diversity, specifically when it comes to suppliers and vendors that could add $280 billion in extra income and four million jobs. A new McKinsey report “Expand diversity among your suppliers and add value to your organization” found that the U.S. could reach these figures if spending with minorities and women increased.

Africa's First Unicorn Jumia Reaches New Milestone While Curbing Losses

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With its roots firmly planted in the African soil, Jumia Technologies (JMIA +9.44%), the continent's first technology unicorn, recently achieved a remarkable feat. Jumia improved guidance for its 2023 EBITDA loss, along with announcing the achievement of year-over-year growth in 5 countries. The pan-African e-commerce leader has recorded a robust financial quarter, promising a brighter future for tech startup investment on the continent.

Surviving Crypto's Bear Market As Bitcoin Prices Soar To 18-Month High

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Bitcoin, the world’s most popular cryptocurrency, was up more than 6% over the past 24 hours, trading above $42,000, according to CoinMarketCap, hitting its highest level in 18 months. Investors are beginning to look ahead to a lower interest rate environment and key regulatory approvals that could make the crypto asset more mainstream. On the backdrop of this bullish run, it is important to note blockchain technology acceptance is steadily pushing forward and now the Securities and Exchange Commission (SEC) is poised to make some major changes.

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