CBX Daily 6/5/2024

Author

CultureBanx Team
June 05, 2024

Powered By

Today MAS Global is turning data into profit, but let’s start with how Web3 Black creators are flipping the wealth script…

Cultural Intelligence Download

Web3 Black Content Creators Could Change The Wealth Narrative

CBX Vibe

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 

CBX Vibe:

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.

The Tethered Tales Of America's High Rollers In A Financial Funk 

CBX Vibe:

It's a paradox how you can put high earner and financial strain in the same sentence but believe it or not, this is the reality of most Americans. In fact, the situation is shocking with 62% of Americans living paycheck to paycheck. 36% of this segment earn above $200,000. And despite being high earners, most of Americans in this group would be unable to cough up $1,000 in an emergency situation. This situation is very telling and proves that a high income does not translate to wealth.

Tied to a phone plan you don’t like?

Break Free with Visible. Experience unlimited everything starting at $15/month. Enjoy reliable 5G and 4G with no hidden fees or obligations, so you have freedom to phone however you like. Join visible today and enjoy the flexibility and savings you deserve.

Natural Disasters Continue To Worsen Minorities Net Worth 

CBX Vibe:

Natural disaster damages from 2023 cost the U.S. $92.9 billion, and nowhere are the economic and racial inequities of disaster aid more evident than in areas that have experienced urban flooding. Nearly 50% of U.S. counties experience a disaster each year, and areas that are particularly disaster prone rapidly diminish wealth in those communities. While damage caused by natural disasters may be indiscriminate, the process of recovery, especially depending on who you are, will not be.

Are Riskier Transactions Narrowing The Investment Gap? 

CBX Vibe:

Black Americans have faced systematic exclusion from a number of American institutions including investment opportunities, though that could be changing. The investment gap between Black and white Americans has recently narrowed, with higher stock market participation among young Black people under 40. In an effort to take back power, interest in investing has grown as this demographic has developed a propensity to take on riskier investments.  

Vibes of the Week

Peep into MAS Global’s “Soft” solutions with solid results. Lucky Daye doesn’t miss with his hits and neither do we in our CBX Vibes!