CBX Daily 12/19/2023

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CultureBanx Team
December 19, 2023

Today a global sports icon is facing an NFT lawsuit, but let’s start with the latest investor in wearable tech pursuits…

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Black Innovation’s Frontline: Wearable Tech Ventures Aims To Support 100 Underrepresented-led Wearable Startups By 2030

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Wearable technologies are revolutionizing the way we interact with the digital world. From smartwatches to fitness trackers, these devices offer convenience, accessibility, and a unique way to enhance our daily lives. This is where Wearable Tech Ventures, founded by Lakisha Greenwade, is a global ecosystem aiming to support 100 underrepresented-led wearable startups by 2030 plays a pivotal role. These tech advancements are not merely luxuries, the innovations they bring have a lasting societal impact on marginalized communities.

Under Fire: Cristiano Ronaldo Faces $1 Billion NFT Lawsuit

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Recent developments suggest that not all non-fungible token (NFT) projects have proven to be secure investments. Legal proceedings are underway as disgruntled investors target celebrities associated with NFT projects that have failed to deliver on promises. The latest global sports icon to be hit with a $1 billion NFT lawsuit is soccer star Cristiano Ronaldo, one of the wealthiest athletes, over his involvement in Binance CR7 NFT ads.

Black People Can Make A Point In The $25 Billion Acupuncture Market

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Acupuncture is a practice that more people are looking to as a tool to prevent illnesses, maintain good health and relieve strains. The global alternative medicine market is expected to generate a revenue of over $200 billion by 2026. Specifically, the acupuncture market alone is expected to reach $25 billion by the end of 2023. Becoming an acupuncturist takes a masters degree and a NCCAOM (National Certification Commission for Acupuncture and Oriental Medicine) certification. After that you can open a small acupuncture office for under $2,000.

Entrepreneurship To Inheritance: The Changing Face of U.S. Billionaire Wealth

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With the ever-evolving landscape of wealth amassment, we're witnessing a significant shift from entrepreneurial billionaires to those inheriting wealth. The number of global billionaires has seen a 7% increase, totaling 2,544 individuals, according to a report from Swiss bank UBS. Their combined wealth has also risen by 9%, approximating a colossal $12 trillion. The impact of this change on Black wealth is an intriguing subject that deserves thorough exploration.

Unleashing Economic Power In The Untapped Potential of Cryptocurrency for Black Americans

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In the realm of finance, where the game has traditionally been rigged against, Black Americans are trying to make their mark with the rise of cryptocurrency. Specifically, leveraging platforms like Coinbase as shares surged 62% in November, marking one of their best months since the company's Nasdaq debut in 2021. However, this meteoric rise in the crypto market isn't just about financial numbers; it represents a potential avenue for Black wealth-building that has long been stifled.

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