Author: Staff

Categories
Business

Could Cryptocurrencies be crashing?

The cryptocurrency markets are full of speculation but the fall that top cryptos such as Bitcoin and Ethereum that have been experiencing this 2022, especially in recent weeks, has generated fear among investors betting on digital tokens. With the first quarter of the year done, Bitcoin has seen a drop amounting to a 13.92% loss in value, while Ethereum has lost 18.44% so far.

Since peaking at just above $48,000 in late March, Bitcoin and other tokens have been dragged lower by concerns about tighter monetary policy as regulators around the world are catching up with the technology. Environmental concerns around the sustainability of Bitcoin’s mining processes do not help its case as concerns about the coin of the future causing serious harm to the environment are ever-present. 

Ethereum on the other hand is transitioning its technology to a less energy-intensive version that insiders colloquially refer to as “Ethereum 2.0.” While Ethereum’s upgrades could make it more appealing and sustainable for widespread use, until that happens, experts are waiting to see how investors and companies building their tech on Ethereum’s platform respond to the changes.

This negative effect has had consequences for other cryptocurrencies, such as the case of BNB, XRP, Solana, Cardano, Luna, and Avalanche, but the market drop does not seem to have reached its lowest point yet and this raises concerns in a market with over 10,000 cryptocurrencies as their valuations “follow the leaders”. 

To what level could cryptocurrencies fall?

In a note published on March 30th, JP Morgan gave an analysis of the current crypto outlook. JP Morgan analyst, Nikolaos Panigirtzoglou highlighted that crypto prices have limited upside ahead due to the recent decline in the share of stablecoins relative to the total crypto market falls. Stablecoins are designed to combat the volatility of conventional cryptocurrencies by fixing their value to that of a fiat (traditional) currency like the US dollar or a physical asset like gold. 

The share of stablecoins in the total crypto market is not very high and has come down to below 7% from 10%, the bank analyst said. The current share of stablecoins is the share it used to have in 2020. This swift decline means that the percentage and number of volatile coins on the market are increasing, leaving the market more unstable and could severely limit any further upside for crypto markets. 

Seated on top of the coin pile as the most valuable cryptocurrency in the market, Bitcoin’s gains or losses are reflected in the rest of the digital tokens, which right now could be the worst possible news. Bitcoin’s tendency to move in sync with assets such as U.S. tech stocks makes the drop less of a surprise after a tough week for American markets.

Crypto-investment experts do not rule out a drop from the average $40,000 level to the $30,000 level, a scenario that is alarming for all stakeholders in the subject.

“The signal for a break of the mild upward trend would be a consolidation below the $38,000 per bitcoin levels. If the bulls capitulate, the first cryptocurrency could be pushed into the $32,000 to $35,000 range without much resistance,” Alex Kuptsikevich, FxPro senior market analyst, told Forbes.

What to do if the price of cryptocurrencies continues to fall.

Although there is no ideal formula to follow in case the cryptocurrency decline continues, there are some things you can do, such as diversify your investment portfolio with some experts suggesting that cryptocurrencies should not make up more than 10% of your portfolio.

Investing in more established cryptocurrencies while monitoring recent trends can limit the risk of waking up to a volatile coin or one that is non-existent.

As with any investment, due diligence is key on top of using an established and recognized crypto exchange with low fees and simple trades can also lighten the burden on the pocket and the mind.

Categories
Technology

Blockchain-powered insurance to protect Kenyan farms against bad climate

Etherisc, the global, decentralized insurance platform for collectively building insurance products, has announced its support for farmers to combat catastrophic weather events in Kenya. Michiel Berende, Chief Inclusive Officer at Etherisc, revealed that more than 22,000 farmers are to get access to an insurance plan without the many steps associated with conventional insurance. 

With the rise of decentralized finance (DeFi), the concept of decentralized insurance became a theoretical possibility. This concept is now being brought to life by Etherisc, which is assisting African farmers in insuring their crops against poor weather.

The journey from traditional insurance to decentralized insurance

Since the early 2000s, Berende has worked in the insurance industry. Berende’s first assignment in 2005 was to assist an Indian microfinance organization in establishing operations in the nation. His extensive experience in finance and technology came in helpful as he was in charge of setting up the organization’s financial operations and deploying the software to execute those operations. Despite the fact that Berende’s work was comparable to what he had done in the Netherlands, putting financial operations in place in a developing market was tough due to limited resources and the extra inventiveness required to provide financial services in rural areas.

“It changed my view on how things are going in the world, and it doesn’t work everywhere in the world the same way it works in the Netherlands. I enjoyed it, and it moved me to go and live in India,” Berende said. 

In 2007, he became a consultant, specializing in microinsurance technology, after spending a year in India. As a result, he was able to engage in initiatives in other growing economies, including Africa. However, Berende quickly discovered that parametric insurance was not available in Africa; oddly, little has changed in 2022, 15 years later.

Africa has 16.72 percent of the world’s population, although it accounts for less than 1% of global insured losses. Insurance penetration in Africa is at 2.78 percent in 2022, down from 2.98 percent the previous year, according to the Africa Insurance Pulse 2022.

“The continent still lacks flexible, inexpensive, and personalized policies that would unleash insurance for the African consumer,” said Eunice Kinungi, a Kenyan insurance professional and CEO of Griffin Insurance.

Aside from the issue of insurance’s unaffordability and inflexibility, Africans see insurance through the prism of superstition. The reason for poor insurance penetration, according to Bode Pedro, CEO of Casava, a Nigerian insurtech firm, is that individuals prefer to invest in positive rather than negative outcomes.

Kinungi also added that “insurance, unfortunately, does not have the best reputation, and there is a general distrust of insurance companies perpetuated by poor customer service and unpaid claims.”

Berende agrees with Kinungi and Pedro’s take on why insurance in Africa is not yet a thing, reiterating the need to create products that fit the African market. 

How Etherisc is creating cheaper decentralized insurance with blockchain

Berende dedicated himself to finding technology that would make insurance inexpensive and appealing to Africans, based on statistics demonstrating that legacy insurance systems cannot boost insurance penetration.

In 2013, he discovered Bitcoin while on his hunt, bringing him one step closer to his objective.

“What I find interesting about Bitcoin is that it makes it easy to transfer small amounts of money from A to B without a middleman at a low cost. I delved a little more into it and discovered the technology behind it — blockchain.”

Berende’s blockchain discovery sparked a new desire to develop blockchain-based solutions, the majority of which concentrate on the technology’s most well-known application: cryptocurrency. Surprisingly, blockchain, which secures crypto transactions by recording them simultaneously on a network of computers, hasn’t seen many applications outside of crypto.

However, in 2016, Etherisc began to incorporate blockchain solutions other than crypto, and it wasn’t long until Berende discovered the team behind it.

Berende was an obvious choice for Etherisc, combining his insurance background with his aim to build inclusive finance using current technology.

Etherisc created a decentralized open-source insurance platform on the Ethereum blockchain, called the Generic Insurance Framework. This framework allows for the easy digitization of parametric insurance products.

Etherisc has partnered with Agriculture and Climate Risk Enterprise (ACRE) Africa, a certified insurance intermediary that helps farmers decrease agricultural and climate risks, to offer smallholder farmers micro-insurance at a reasonable price. A blockchain solution to insurance for farmers has to be simple to get any traction; a challenge Etherisc had a simple solution to.

Etherisc’s offering for farmers is weather index insurance, which protects them in the event that bad weather stops them from having a productive crop.

Berende’s solution is simple. The bags of seeds that farmers buy come with scratch cards. When they send the numbers on these cards via Unstructured Supplementary Service Data (USSD), Etherisc’s Generic Insurance Framework captures their geolocation and receives information about the area’s climatic conditions with satellite data.

Farmers pay the $0.5 premium when they purchase their seed bags from ACRE at a discounted price that includes the insurance cost. Mobile banking can also be used to pay for insurance.

“There’s no need to send an insurance surveyor into the field to monitor if something has happened. A process that would naturally cost a lot of money,” Berende said.

Etherisc has harnessed the trustless nature of this technology to create an insurance system that can work without many people. The zero-delivery cost also means it is cheaper to run especially for a developing nation like Kenya. 

Categories
Blockchain

Questions to Consider Asking Your Cryptocurrency Exchange

A cryptocurrency exchange is an online marketplace where users buy, sell, and trade cryptocurrency. Some of them include Binance, Kraken, Coinbase, Bitfinex, HiBTC, yellow card, Poloniex, Bittrex among others. Choosing the right exchange is one of the most vital steps you need to take in order to invest smartly in cryptocurrencies. To help you do this well, it is important to understand the questions that you should ask them.

1. What coins do the exchanges include?

This is a crucial question because the cryptocurrency market is fast-paced, with new coins being minted on a regular basis. Furthermore, not all exchanges use the same currency.

2. Is it possible to convert fiat currency to cryptocurrency and vice versa?

Some exchanges allow you to convert your money into cryptocurrency and vice versa, while others do not. For example, according to the Coinbase review, fiat can be used to buy any one of four different cryptocurrencies that they provide. Some exchange platforms do not support some fiat money such as Uganda shillings and one has to first exchange to US Dollars, particularly in order to successfully trade for example Altcoin and Kraken.

3. What payment methods are accepted?

This is a critical concern as well. Some exchanges allow you to fund and withdraw your account using PayPal, as well as bank cards, transfers, and other methods. Others have significantly fewer options in this regard.

4.  How much fees are charged?

The last thing you want is to see your funds eaten up by fees. This amount varies a lot from one exchange to another. Before you begin, make sure you know how much you will be charged in fees.

5. Is a mobile version available?

Because of the simplicity, it is becoming increasingly common for bitcoin investors to shift money around using their mobile devices. In this instance, you’ll need to use an app or a mobile-friendly website to exchange information.

6. What kind of customer support is available?

 One of the most common complaints among cryptocurrency investors is the inability to resolve difficulties quickly. As a result, it’s a good idea to find out how to contact them and how other customers assess their service.

7. What are the transaction limits?
Do you intend to invest a ton of cash in cryptocurrencies? Some exchanges have relatively low transaction limits, making large trades impractical. You must select an exchange that matches your demands, whether you want to buy Ethereum, Bitcoin, or another coin. When you use Bitstamp, for example, you’ll see that once you reach $10,000, you’ll be asked for a lot of personal information.

8. How do you safeguard my funds?

What are the security measures in place at the exchange? In the finest exchanges, two-factor authentication is standard. Because it is evident that cryptocurrency users are being targeted by hackers, you should select services that secure you.

9. Is it necessary for me to have a second wallet?

Is this solely an exchange or do you have the option of storing your currencies here as well? In this regard, there are a variety of approaches to take, so make sure you understand what you’re doing before you begin.

You will be able to buy cryptocurrency without fear of the unknown after you have the answers to these crucial questions.

Categories
Business

$2,500 up for grabs in TABS Hackathon.

The Nigerian Media company, Techpoint Africa has announced cash prizes worth $2,500 in a hackathon at their upcoming Techpoint Africa Blockchain Summit. The announcement is the most recent addition to a detailed information rollout leading up to the summit (TABS 2022) which is slated to begin on 21st May 2022. 

Founded in 2015, Techpoint Africa is a  growing digital media company that amplifies the best innovations out of Africa through its publications, data, and events including Techpoint Build, which is the largest tech and startup event in West and East Africa. With a growing and dedicated audience of investors, startups, developers, professionals and African tech enthusiasts,  it is one of the most notable brands across Africa’s tech, startup and business ecosystem.

This summit is the second edition of an annual event that looks at how Africa can develop and harness blockchain technology and the cryptocurrency ecosystem. The 2021 edition focused on critical areas in novel applications of digital currency and contributed to the successful launch of the eNaira, Nigeria’s digital currency later in the year. This year, Techpoint Africa looks to take a magnifying glass to blockchain technology, how it powers cryptocurrencies and many other innovations that have emerged from it in the face of Web3.

As we all try to make sense of this new and changing internet, the theme of the summit is, “Web3: Engineering tomorrow’s Internet”, and this hopes to bring together the best and brightest in the Web3 space along with new learners, speculators and all-around curious people to learn, network and navigate the complex world of blockchain and its many promises.

Since effective learning does not take place in an isolated bubble, the organizers acknowledged the importance of supporting Web3-based innovations and products justifying the addition of the TABS Web3 Hackathon 22 to the summit agenda. The hackathon will thus highlight original Web3/blockchain-based solutions with the design, functionality and scalability to address problems in any sector on the continent. 

With online registration open as of 19th April 2022, the hackathon is open to teams of up to five members of innovators and inventors working on deploying blockchain solutions to solve Africa’s problems as identified in different sectors. Registration closes on 2nd May and the hackathon is slated to begin a week later on 9th May 2022. Any who feel that they could meet these criteria are called upon to register and submit proposals here. 

The hackathon will take place virtually with participants pitching their ideas to judges who will give recommendations and feedback from May 10th to May 14th 2022. Those shortlisted from this process will further fine tune their presentations with the judges’ guidance until the final presentations scheduled for May 21th 2022. Participants will be chosen based on the originality of their pitches.

The prize money is to be rewarded to the top 3 presentations with $1,250 for first place, $750 for second place and $500 for third place.

Summary Registration Timeline

  • April 19, 2022: Registration opens
  • May 2, 2022: Registration closes
  • May 9, 2022: Hackathon begins
  • May 13, 2022: First project submission 
  • May 21, 2022: Final project presentation 

These presentations will be made as part of the Techpoint Africa Blockchain Summit on 21st May 2022 and while physical access may require a fee, the online ticket is available for free. See details at blockchain.techpoint.africa.

Categories
Business

Yellow Card introduces a new brand identity to represent the company’s expansion, influence, and positioning on the continent

Yellow Card Financial, one of Africa’s fastest-growing crypto exchange platform in Africa, has announced in a press statement the launch of its new corporate identity. In the announcement, Yellow Card emphasizes that the new branding symbolizes a deeper purpose, crucial positioning, and also marks the brand’s evolution as the market’s most trusted brand. 

These changes come at a time when the company has accomplished important milestones, including a $15 million Series A funding round, and represent the company’s evolution and strong position on the African continent. Yellow Card’s purpose has been to provide financial independence to everyone through its app and educational programs since 2018. 

“We want to be synonymous with crypto on the continent, so we needed a more cohesive brand identity. We put this together completely in-house with creatives from across Africa, and I know the team is even more excited than I am to get this rolled out after all their hard work,” said Chris Maurice, Co-founder, and CEO of Yellow Card.

“This rebrand gave us an opportunity to significantly improve the onboarding process and some other product flaws. Now, the app isn’t just more beautiful, it is also easier to use,” He added.

The new brand design is increasingly based in Africa and better reflects Yellow Card’s diverse consumer base. 

The company’s logo has been simplified, with the “Y” and “C” being represented by leaf-like shapes, hinting at growth and financial gains. When it comes to brand colors, yellow is still the go-to color for customers who are young, lively, and sophisticated. Purple signifies the consumers’ depth, richness, and diversity while also alluding to royal aspirations. The teal also softens and complements the yellow and purple, adding warmth and freshness to the space.

Even though the company’s visual identity has changed, Yellow Card’s goal and direction remain the same, Alice Tomdio, the company’s Chief Financial Officer emphasizes.

“We are still in ruthless pursuit of our mission to provide financial freedom for everyone on the African continent. However, we want to re-emphasize our customers as central to everything we do and be relentlessly focused on them. And we see our brand refresh as a way in which we can demonstrate that,” she says.

The new branding will be implemented in phases over the coming weeks across the app, website, social media platforms, the play/app store, as well as internal and external marketing and communications.

Despite the fact that Yellow Card has undergone a brand redesign, the company’s ethos and commitment to its present and prospective consumers will always come first. Yellow Card is dedicated to providing Africans with easy access to bitcoin and achieving global financial independence.

Categories
Social Good

NFT sales support a Ugandan school project.

While critics have branded them as something for only the ultra-rich and elites of the world, NFTs are being used for philanthropic good to reach and possibly enrich communities that have been left behind. This is the story of how NFTs are being used to build a school in Uganda. 

At the Malta AI & Blockchain Summit in November 2021, funding platform Orica announced and launched its collaboration with an Austrian NGO known as Bbanga Project to drop NFTs on its platform. In an auction that took place at the Summit, sale proceeds of this NFT collection were designated to be used to facilitate a Ssese Islands school called Bbanga Primary School, which the Bbanga Project set up and has been running and developing since 2014.

The idea was born when Orica founder, Danial Nanaei and Sani Hayatbakhsh, Bbanga Project’s founder, met in a cafe in Vienna. In their discussion, Hayatbakhsh shared with Nanaei how funds from the City of Vienna had facilitated the construction of the main hall for the Bbanga Project school but they still faced some financial restraints. 

Bbanga Project is a not-for-profit organization working to provide sustainable and holistic education. Located off the mainland in Lake Victoria in a cluster of islands called the Ssese Islands, the clustered nature of the islands away from the mainland has made it difficult for many resources to reach the island dwellers and this is a gap the Bbanga Project helps to bridge.

As an ethical funding platform, Orica was looking to have a project with a perfect combination of its goals to support artists and social impact organizations and this presented an opportunity to be explored through an investment in the technology to create and sell NFTs. 

The project involved a collaboration with German digital artist Mellowmann to release a collection of Uganda-inspired NFTs. Mellowmann is regarded as “an NFT artist to watch” having already caught the eye of  Dima Buterin, the so-called grandfather of Ethereum, as one of his collectors. The artist blended inspiration from the natural world and cultural symbolism of Uganda with the philosophical concepts of love and lightheartedness to give a collection known as A Fairer World NFT collection. 

The collection was previewed by the school children before going on auction and Bbanga Project hopes to raise at least $6,815 (6,000 Euros) to finish the construction of the children’s school on the remote island of Bugala, according to Nanaei.

Given that the AI & Blockchain summit was held in Malta, (an island country just north of Africa in the Mediterranean Sea) Orica founder, Danial Nanaei, used this opportunity to show the contrast between the situations of the Ssese Islands and Malta by saying:

“Seventy billion dollars of cryptocurrency moved through Malta after it became “Blockchain Island” so it doesn’t make sense that 4,400km away, Ssese Islands families struggle on less than a dollar a day. We decided to use the launch of our NFT platform at the Malta summit to start making positive change.” 

“Sales from the NFTs mean that we can finish building,” explained Hayatbakhsh. “Two hundred more children will gain access to primary education. And of course, Bbanga Project children were excited to be part of a technology launch and see an international artist create artwork, especially for them,” he added.

The school sits on an 8,000 square meter property but only has the main building in place and since the auction, about $1,800 has been raised and directed towards furnishing this main hall with equipment, furniture and books. While currently running on a free scholarship basis for the good of the low income earning community, the project is intended to scale up to a major quality educational facility that could also attract paying students. See more Bbanga Project programs you can support here.
This project has opened the door for more artist-social impact organization collaborations in an initiative called Orica Projects. Orica hopes these will bring more awareness to important social causes on top of fundraising with the “A Fairer World” NFT collection and these subsequent collections to follow are available on Orica.io.

Categories
Business

The University of Johannesburg to start offering degrees on the blockchain

To avoid fraud, the University of Johannesburg (UJ) is offering degrees and certificates on the blockchain. This will aid in the prevention of counterfeiting and the false representation of qualifications.

A few years ago, UJ was the first South African institution to provide its graduates with the added value of digital credentials. Graduates could not only safely examine and order missing or damaged credentials, but they could also securely share their certificates with third parties or companies at no cost.

UJ has announced that it will now improve its certificates by using blockchain-based security features.

“The new blockchain-based certificate features will enhance the security of certificates even more. Certificates issued from this year on will have QR codes printed on them, which anybody can scan with a smartphone to verify whether the information on the certificate is correct and has been issued legitimately by UJ.”

” The public is now able to validate the awarded qualifications for UJ graduates without having to contact the University or having to go through a verification agency, just by scanning the QR code on the certificate and best of all, at no cost,” said Dr. Tinus van Zyl, senior director of Central Academic Administration at UJ.

Prof Kinta Burger, UJ’s registrar, stated that the new blockchain-based certificates will not only safeguard the University’s certificates from fraud but also the institution’s reputation and the integrity of qualifications.

“UJ is committed to applying new technologies to improve systems and service delivery. This continuous improvement strategy and use of cutting-edge technology, facilitated through the Fourth Industrial Revolution are at the heart of our philosophy.”

According to Jennifer Barkhuizen of background screening and vetting firm Managed Integrity Evaluation (MIE), while South African companies are facing a hiring crisis as a result of the country’s economic challenges over the last two years, an increasing number are turning to background checks before hiring.

“With the rising unemployment rate in South Africa, some people will go to any lengths to secure employment, including falsifying their qualifications, misrepresenting their work experience, or hiding the fact that they have a criminal record,” she said.

In 2021, MIE processed about 2.3 million background screening transactions. Demand for these services has gradually climbed over the last five years, according to Barkhuizen, and the business expects this trend to continue in 2022.

“Our most requested checks remain criminal record and qualification verification, but we have also seen a sharp increase in social media screening requests,” said Barkhuizen.

“With well over 30 million social media users in South Africa – and with this number growing daily– social media screening is becoming more of a business imperative than ever before.” She added.

Categories
Opinions

How has bitcoin affected the telecommunication industry in Africa?

Bitcoin’s far-reaching influence is increasingly being felt in the telecommunication industry in Africa. Case in point, MTN Nigeria recently joined the metaverse with its partnership with Africarare, a South African Virtual Reality platform. This development represents a first from a traditional telecommunications company in the African region and shows the growing popularity of blockchain in Africa. MTN revealed that it was purchasing 144 plots of virtual land and that the investment was part of its commitment towards supporting new African innovation and noted its intention to expand its customer base through web 3.0. While this shows a promising relationship between the two industries, Bitcoin is still strongly compromising the telecom industry and its prospects of changing the Fintech world. Here is how.

People can purchase airtime and data bundles using bitcoin, pay for internet and phone bills, purchase gadgets, book hotels, and flights, donate to charities, pay for online subscriptions and buy from online stores. All of this is done through platforms such as NAIRAEx, Bitrawr, Shapelift, eToro, coinmama, EBitpoint, BIZZTRADE, and M-Pesa that convert bitcoin into local cash and finally deduct money for the bills or deliver goods and services. These platforms are based in Nigeria, South Africa, Zambia, Ghana, Tanzania, and Kenya.

The world of financial services using technology to make individuals’ lives easier had certainly become prosperous but Bitcoin is revolutionizing the financial industry completely.

Categories
Social Good

Nestle launches its very first NFTs in the Middle East & North Africa with Proceeds for Charity

Nestlé, the world’s largest food & beverage company has launched its first NFTs (Non-Fungible Tokens) on Opensea, honoring the Middle East and North Africa debut of the TRIX® Breakfast Cereal brand.  Starting from March 18 through to May 13, TRIX® Globe started auctioning off  a unique limited series of only two NFTs, with 100% of the proceeds going to charity. 

“In line with our promise for ‘Better Lives,’ we are proud to launch the first blockchain-based initiative in the region aimed towards a humanitarian cause with full proceeds of the TRIX NFTs auction going to the Emirates Red Crescent,” said Emilien Mesquida, Business Executive Officer, Cereal Partners Worldwide, Middle East & North Africa.

“We are excited to announce that TRIX® is the first and only breakfast cereal brand in the world to have launched its own NFT series – showcasing how daring and adaptable our brands are,” said Bahaa Boulmona, Brand Manager Cereal Partners Worldwide, Middle East & North Africa.

TRIX® is a fruity flavored breakfast cereal that is iconic for its six fruity shapes. It’s made with whole grain and is a source of calcium, zinc, and B vitamins. TRIX® is a heritage breakfast cereal brand that aims to ‘Put the fun back into breakfast.’ The brand’s mascot, ‘The TRIX® Rabbit,’ is an icon in the breakfast cereal world, dating back to the 1950s.

In case you’re interested in the NFT collection, place your bid at https://opensea.io/NESTLEBreakfastCerealsarabia

Categories
Business Social Good

South African School Funds Scholarships using NFTs.


A private school in the South African countryside has turned to non-fungible tokens (NFTs) to raise funds for its scholarship programme that caters to children from disadvantaged communities in the area.

Located in a country village that is roughly a 2-hour drive from Cape Town, South Africa, Greyton House Village School, minted its first collection of NFTs in February 2022. Eight of these have already been sold with the latest fetching $300 on the OpenSea NFT marketplace. 

The institution has at least 35 of its students on full or part scholarships that are annually fundraised for so the NFTs are helping to facilitate this program with 100% of funds going to keeping scholarship children in school.

The first few pieces were sold for $250 each (about 0.1 ETH by then) and while this may not seem like a lot of money, it is worth noting that this covers one month’s school fees for a pupil at the school. With this logic, the school principal, Marli Hoffman,  highlighted an intention to sell more NFTs to support more children and cut down on the waiting list for applications. She considers education the only way to change the trajectory of poverty in South Africa from the bottom up. 

Under the guidance of a local artist called Dina Kuijers, the school has a thriving art department that allows the children to express themselves through art and develop creative pieces. With the permission of the students who draw the initial artpieces, NFTs are generated from artwork done and then sold for the cause. The pieces are created using mixed media (pencils, pens and other colouring materials) on paper which are then digitized and minted as NFTs on OpenSea. 

In a stroke of good fortune, a parent from the school, Wesley Blake, happens to be a blockchain developer and helps with the technical aspects involved to mint the NFTs onto the OpenSea platform. 

As the school continues to add to its NFT collection, a 5% royalty cost has been included and this returns to the scholarship fund whenever the NFTs are resold in the future. The School Principal is optimistic that this will create a passive stream of income to flow into the scholarship program pool. 
The Greyton House NFT collection can be found here with another collection in the works that is said to feature digitally rendered 3D mobiles to be sold as 3D GIF NFTs.