Here is a roundup of all that happened at Technext Coinference 2.0, #TNC2022

Dennis Da-ala Mirilla
In case you missed the event, here is a brief summary of all that happened at the event for your reading pleasure…
Here are the major highlights from Technext Coinference 2.0, #TNC2022

At the Technext Coinference 2.0, the largest blockchain gathering in Africa, held in Lagos two days ago, key stakeholders and enthusiasts held heated debates on the future of blockchain in Africa.

In a series of panel sessions and keynote addresses industry insiders touched on hot-bottom topics ranging from regulations in the crypto space, the future of decentralised finance (DeFi), opportunities for Africa with Web 3 and how NFT is disrupting the industry.

In case you missed the event, here is a brief summary of all that happened at the event for your reading pleasure:

Keynote on “Blockchain for Africa: Decentralised Economies, Merged Future”

Speaker: Hanu Fejiro, CEO Patricia

Hanu Fejiro, the CEO of crypto exchange company Patricia led the call at the plenary session for a more robust adoption of Web3, especially in African countries.

Here are the major highlights from Technext Coinference 2.0, #TNC2022
A cross-section of speakers at the Technext Coinference 2.0

“Crypto creates a new way of web creation, especially in ways we’ve never seen before. You create an NFT, put it on OpenSea and you could get 95% of the royalties, that’s really the game changer,” he said.

He went on to add that the massive adoption of crypto by Africans is poised to give the continent a major stake in the burgeoning blockchain industry.

“I believe that Africa has the most use cases for crypto and can become the headquarter of crypto while Nigeria becomes the SI unit, that is my dream and vision and conversations like these will drive that,” Hanu said.

Read also: Web3 can solve the inflation and currency devaluation problem in Africa- Hanu Fejiro

Breakout Panel Session: DeFi and the future of finance in Africa

Moderator: Emmanuel Onwuka, Presenter, Nigeria Info FM

  1. Buki Ogunsakin, BBO Solicitors
  2. Sandi Bitenc, Chief Executive Officer, 3air
  3. Obi Emetarom, Co-founder and CEO, AppZone
  4. Mohammed Jega, Co-founder, Domineum Blockchain Solutions
  5. Gideon Orovwiroro, COO, Korapay Technologies

In a more intimate session, panellists debated the rising adoption of DeFi in Africa and how it will affect the way Africans think of finance in the nearest future.

Obi Emetarom of AppZone made the case that with DeFi anyone with an interest in digital assets has the opportunity to own numerous digital assets using the Blockchain wallet system.

#TNC2022: "DeFi solves the problem of financial inclusion in the African economy" - Obi Emetarom
L-R: Buki Ogunsakin, of BBO Solicitors, Obi Emetarom of AppZone & Gideon Orovwiroro of KoraPay at Technext Coinference 2.0

Buki Ogunsakin of BBO Solicitors said that more legal work and sensitisation are needed for the space to reach its full potential in the nearest future.

Read also: “DeFi will solve the problem of financial inclusion in Africa”- Obi Emetarom

Breakout Panel Session: Building a Career in Blockchain

Moderator: Ebere Etike, Journalist, Technext

  1. Deji Awosika, Founder, Web3 Bridge
  2. Famous Ehichioya, CTO, Youverify
  3. Seun Lanlege. Founder, Polytope Labs, Lagos, Nigeria

How does one start a career on the blockchain?

Panellists in the session debated the topic. They said that beginners looking to start careers in blockchain need to be intentional with the specific field that they want to veer into.

#TNC2022 Breakout session Building a career in blockchain
From L-R: Ebere Etike, Journalist, Technext, Deji Awosika, Founder, Web3 Bridge, Seun Lanlege, Founder, Polytope Labs, Famous Ehichioya, CTO YouVerify.

They said that getting mentors in the field is a good way to accelerate their careers in the blockchain.

Breakout Panel Session: All you need to know about Web 3

Moderator: Oluwadamilare Akinpelu, Communications Manager, Technext

  1. Oloye Oluniyi, Co-founder, CryptoRoundupAfrica
  2. Ebenezer Ugo Akachukwu – Artist & Web3.0
  3. Oluchi Enebeli, Founder, Web3 Ladies

The message from the panellists was clear; Web3 is for all who would have it.

“Everyone can play a part in web3. You don’t really need to know the technical and coding aspects to consider doing something with Web3,” Oloye Oluniyi of CryptoRoundupAfrica said.

L-R: Oluwadamilare Akinpelu, Communications Manager, Technext; Oloye Oluniyi, Co-Founder, CryptoRoundupAfrica; Hanu Fejiro Agboje, CEO, Patricia; Oluchi Enebeli, Founder, Web3Ladies; and Ebenezer Ugo Akachukwu, Artist and Web 3.0 Advisor, Rywave.

They also called for more people with different skill sets other than coding to explore opportunities in the space. “Blockchain technology, crypto, NFTs, DAOs, and others require diverse skillsets other than just coding,” Oluchi Enebeli, of Web3 Ladies said.

But even then panellists want beginners in the space to know that it’s more than just crypto and minting NFTs.

“Web3 is just beyond making money by buying crypto or minting NFTs, but also about creating value and improving lives,” Ebenezer Ugo Akachukwu said.

Read also: Panellists agree that everyone can play in Web3 regardless of their skillsets

Breakout Panel Session: Making money from NFTs

Moderator: Omoleye Omoruyi, Journalist, Technext

  1. Adisa Olashile, Creator and Seller, Baba Onilu
  2. Efosa Ighodaro, Founder/CEO, Hashgreed
  3. Tunji Anjorin, President, Panaramic Entertainment

The panellists chatted during the session about how NFTs are disrupting the art world. Adisa Olashile, who made and sold the famous Baba Onilu NFT for a million naira said that he hadn’t anticipated making a lot of money from the NFT.

Panellists at Technext Coinference 2.0 detail how to make money from NFTs
L-R: Tunji Anjorin, President, Panaramic, Adisa Olashile, NFT Creator; Efosa Ighodaro, Founder/CEO, Hashgreed; Omoleye Omoruyi, journalist, Technext

“I didn’t expect to make money that day, I just saw the old man, took his picture, the picture went viral, and a collector reached out to me to mint it, and he’ll buy it. I minted it, and it got sold,” he said.

Efosa Ighodaro, the founder and CEO of Hashgreed, an NFT marketplace, seized the moment to appeal to NFT enthusiasts and creators to make more African art. NFT he said offers a unique platform to take African art to the word.

“We have to create African art and take it to the world through the NFTs,” he said.

Tunji Anjorin who is one of the brains behind the Benin Bronze NFT Exchange Project said that collectors must be weary of scam links on the internet, which have proliferated in recent times.

“Staying away from suspicious links is the best way to protect your assets from hackers and scammers,” he said.

Read also: “In the future, we’ll be seeing more celebrities in Africa use NFTs”- Efosa Ighodaro, Adisa Olashile & Tunji Anjorin speak at #TNC2022

Celebrity Spotlight: Akah Nnani- Actor, Content Creator, Producer and TV host

Moderator: Anderson Ozakpo, Business Chief, Technext

Speaking on his foray into the world of digital currency, rising Nollywood star, Akah Nnani said that crypto poses massive opportunities for Africans, especially those that have been excluded from financial trading conversations for decades.

But he cautioned that the opportunities are only for those with some “spine.”

Technext Coinference 2.0 Akah Nnani
Akah Nnani at the Technext Coinference 2.0 yesterday

“There is no chance of changing your financial trajectory without risk. I don’t think there is a clearer legal way of making money…People who can make it in the crypto space are people who have a spine,” he said.

On the question of how to avoid losses while trading in crypto, Nnani said that investors must be calculated while making their decisions.

“There is no blueprint,” Akah Nnani said of determining when the market will fall or rise. “Just have a goal of how much you want to get back. When you get that, pull out,” he explained.

Read also: Akah Nnani speaks on crypto experience & path to profitability at Technext Coinference

2nd Keynote: DeFi in Africa – Possibilities Beyond the Hype

Speaker: Emmanuel Babalola, CEO, Bundle Africa

Emmanuel Babalola, the CEO, of Bundle Africa, argued that the age-long myth that DeFi had come to extinguish traditional financial systems from the face of the planet is near impossible. Rather, he said that DeFi is only an alternative to traditional forms of banking.

CEO of Bundle Africa, Emmanuel Babalola at Technext Coinference
CEO of Bundle Africa, Emmanuel Babalola at Technext Coinference

“Back then, we wanted to replace the existing [financial] system,” he said of his venture into the DeFi space.

“But over time, we have come to realise that in the ideal world, many of the existing systems would have to evolve. When Satoshi created Bitcoin, it was meant to be an alternative and not a replacement,” he added.

He drew on data from DeFi Pulse, the data and analytics company focused on DeFi, to make the case for the growth DeFi adoption has seen in recent years. He highlighted that the worth of assets locked on DeFi grew from less than $1 billion in 2019 to over $15 billion at the end of 2020, and over $80 billion in May 2021.

“Yet DeFi is still in its early stage,” he said.

Read also: Beyond the hype, DeFi can’t eliminate traditional banks, says Bundle CEO Babalola

Plenary Panel Session- Crypto x Africa: The Strains, the Gains and the Future

Moderator: Temitope Akintade, Journalist, Technext

  1. Chris Ani, Founder/CEO, Digital Abundance
  2. Buchi Okoro, CEO and Co-Founder, Quidax
  3. Ruth Iselema, Founder/CEO, Bitmama
  4. Senator Ihenyen, Lead Partner, Infusion Lawyers
  5. Osamede Arhunmwunde, CEO, GIGX
  6. Chinedu Obidiegwu, Country Manager, Luno

On the panel, key industry stakeholders looked at the journey so far with crypto. They touched on the work that needs to be done to accelerate the adoption of crypto in the country. They called for better regulations.

Buchi Okoro, CEO and Co-Founder, Quidax, Senator Ihenyen, Lead Partner, Infusion Lawyers, Chris Ani, Founder/CEO, Digital Abundance, Temitope Akintade, Journalist, Technext, Ruth Iselema, Founder/CEO, Bitmama, Chinedu Obidiegwu, Country Manager, Luno

They also spoke on the decline of the digital currency market in recent years. The message from the session was that in crypto, traders who wait often do not lose.

See more photos from the event below:

#TNC2022: "DeFi solves the problem of financial inclusion in the African economy" - Obi Emetarom
Akah Nnani charts path to crypto profitability at Coinference 2.0
Web3 can help with inflation and currency devaluation in Africa- Hanu Fejiro 
DeFi and the Future of finance in Africa
Technext Coinference: DeFi and the future of finance in Africa
#TNC2022: Akah Nnani charts path to crypto profitability at Coinference 2.0
Akah Nnani charts path to crypto profitability at Coinference 2.0

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