CBX Daily 6/10/2024

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CultureBanx Team
June 10, 2024

Today environmental enterprises are in the billion-dollar threshold, but let’s start with central banks’ bold financial hold…

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Central Banks Are Dripping In Gold By Increasing Reserves

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Yes, central banks around the world are significantly increasing their gold reserves. This trend, which started gaining momentum over the past few years, continues robustly into 2024. Right now the U.S. dollar is the world’s de facto global currency, but global central banks have built up their gold reserves increasing them by a net 39 tons, with major buyers including Turkey, China, and India​. This is great news for Africa which once led global gold production for a century and extracted about half the bullion mined to date.

Black Frontiers Could Spark Environmental Enterprises In The $28.9 Billion Market

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There have long been concerns about the environment, specifically pertaining to the impact of Black people’s survival. African Americans have more exposure than white people to 13 out of 14 pollutants in the world causing asthma, lung disease, cancer and heart issues. Numerous businesses are focused on sustainable consciousness when showcasing their social responsibility, as the industry is expected to reach $28.9 billion by 2024. Even though global warming concerns may look a little different for Black people than the mainstream global movement, there is green to be made all around.

Gen Z’s Battle For Authenticity As A.I Influencers Take The Spotlight

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A significant change is happening in the fast-changing world of influencer marketing. Generation Z now have a new competitor: Artificial Intelligence. With 53% considering influencing as a viable career, this dream could soon be disrupted. AI influencers such as Lu do Magalu and Lil Miquela are becoming increasingly popular and are having a significant impact, reshaping the business and cultural dynamics of this growing industry.

Web3 Black Content Creators Could Change The Wealth Narrative

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Web3, let’s talk about it. It’s one of the most hyped terms in certain circles these days, but as is the case with many innovations, its meaning can feel nebulous. Kirby Porter, founder of New Game Labs and PLAY3RS, along with Amobi Okugo, former professional soccer player and founder of A Frugal Athlete, to unpack the Web3 creator economic upside on investing platform Public.com for Black creators. More than 34,000 new developers committed code to Web3 projects in 2023, according to Electric Capital’s 2023 Developer Report, meaning it’s plausible this could change the wealth narrative for Black content creators, in particular with the decentralized evolution of the internet.

Transforming Data Into Revenue With MAS Global's Latino Talent Strategy 

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Harnessing the power of data to drive revenue is no longer a futuristic concept but a tangible reality for savvy entrepreneurs and innovative companies. With an eye on the transformative potential of data innovations, along with the integration of hybrid U.S. and Colombia agile Latino talent teams into these sectors, companies like MAS Global are proving to be a game changer. The collaborative opportunities between these countries and MAS Global emphasize how data synergies are catalyzing a new era of innovation and financial success.

Vibes of the Week

Central banks take “Control” to boost reserves and so is Janet Jackson when it comes to staying on top. She’s opening up our week in our CBX Vibes!