Genesis

The Onyx Africa Platform (Pty) Ltd t/a Onyx Africa is here to inform, educate and foster a forward-thinking culture. There has never been a better time than right now to curate unfaltering content and create purposeful value.

We’re transitioning into a Zero Marginal Cost Society and this is happening at an unimaginable pace – the opportunities that this unlocks for me and you are mystifying. Communities are going to be built based on the principles that govern this new dawn. Our intention is to be amongst the frontrunners of this awe-inspiring revolution!

The implications of taking part in this awe-inspiring revolution are that many exciting themes exist and doubling down on the most important ones is quite an intricate exercise. We believe a great place to start is actually figuring out what essentially motivates our thriving human nature – our insatiable obsession with being productive and how that’s incentivized.

For the last several thousand years, we’ve predominantly had two major instruments to incentivize productivity: markets and institutions.

Markets are made up of a near-infinite number of agents all engaging with each other in one-on-one interactions each of which leave both participants better off than they were before.

Institutions are inherently top-down with some governance structure that determines what the most useful activities are at any given time, and assigns a reward for people to do them.

Markets are fully decentralized in their purest form whilst institutions are pretty much centralized.

Institutions are able to incentivize market participants for the production of public goods and services that benefit millions of people due to their centralization; although it poses risks.

This awe-inspiring revolution we’re currently witnessing is introducing us to the dawn of a third major instrument to incentivize productivity: currencies.

Social currencies are bringing forth a new economic democracy; a new kind of sharing economy embedded on ideals that communities in society were founded on.

The idea around “social currencies” that operate in local communities has been around for over a century; thing is, it was difficult for social currencies to scale and reach global heights because they couldn’t benefit from the advancements brought forth by the traditional banking system like more established currencies such as the US dollar.

Dogecoin was created as a joke to make fun of the wild speculation in cryptocurrencies but has gone on to gain mass adoption after communities on subreddits such as r/dogecoin (with 2.2million subshibers) fostered a movement that became a brand and gained even more popularity when Elon Musk tweeted about it on multiple occasions. The meme coin has become mainstream and is currently accepted by more than 50 companies around the world including AirBatlic as well as Mark Cubans Dallas Mavericks.

When Elon Musk was asked about Dogecoin by a fan on a video released by TMZ, he said “fate loves irony – what would be the most ironic outcome? That the currency that was invented as a joke in fact becomes the real currency.”

The technological advancements that have been introduced by the growth in the crypto ecosystem allow cryptocurrencies to compete with the traditional banking system at a global scale – this technologically enabled revolution might be a catalyst for a reintroduction of social currencies.

Currencies don’t excite me much – it’s the social aspect around converging community, science and fun whilst fostering an economic democracy that many people can benefit from; pioneered by Bitcoin about 12 years ago – communities have evolved into movements that have some form of economic viability now.

This new internet native economy is spearheading a new way for individuals to use the internet without giving up their privacy and valuable data – it is the internet of Value Exchange based around the idea of self-sovereign identity (SSI).

This new internet (web3.0) aims to wrest control from the large centralized corporations that dominate the web today; this will be made possible by decentralized networks that allow the creation of platforms that are not controlled by a single entity, yet everyone can trust.

The new internet is owned by the builders as well as users and this is done through internet native currencies.

A new world is being created on the new internet – are we ready for the Metaverse?

With Africa being the continent with the most human genetic diversity on Earth – will we see a growth in the representation of the African genome in genomic studies?

How is Africa and the African Diaspora taking part in this revolution?

Onyx Africa aims to build a community of individuals that recognize that we are in a renaissance and are willing to actively participate in it…

Onyx Africa Digital

The impact that the growth in the Tech industry globally has had on various aspects of our lives in the last few years coupled with the pandemic is dumbfounding – we believe that this trend is most noticeable and present in the financial services industry.

We are interested in building an authentically Pan-African FinTech platform for this very reason – we are working tirelessly to identify different pain points we can potentially double down on; these include:

  • Considering the carbon footprint of the financial services industry on the planet.

  • Offering financial products & services befitting the “future consumer”.

  • Democratizing access to financial education and wealth.

  • Providing innovative solutions to the previously unbanked and underbanked.

  • Identifying new ways to unlock a greater potential to credit by reimagining credit scoring.

  • What if? Onyx Africa Digital (OAD) becomes a Decentralized Autonomous Organization (DAO)

    What Are The Odds? 🙂

If you’re working in any of these areas or they excite you and you’re looking to discuss potential synergies or collaborate – feel free to drop us an email:

onyx@onyxafrica.co

The Onyx Africa Podcast

Conversations are the starting point to opening ourselves up to new perspectives that can feed our curiosity and help us learn new things.

We are looking to learn from the most innovative entrepreneurs, visionaries and other thought leaders that are at the forefront of the African Renaissance we are currently witnessing.

The trailer to season 1 of The Onyx Africa Podcast is up on all your favorite podcast applications and you can subscribe and become a part of the conversation.

We are going to publish our “Pilot Episode” soon; the episode features the Founder and Executive Director of Youths Inspiration  as well as the African Ambassador of the World Business Dialogue among others – in the episode they share their different  thoughts on the African Renaissance and how Africa can benefit from having the fastest growing youth population.

If you fit the “guest” description or know anyone that does -feel free to drop us an email and make recommendations:

podcast@onyxafrica.co

This awe-inspiring revolution we like to call THE AFRICAN RENAISSANCE is exciting…

We want you to reimagine the future of Africa and the rest of the world with us –

Renaissance Kids Doing Renaissance Things!

References.

https://bitcoinmagazine.com/markets/markets-institutions-currencies-new-method-social-incentivization-1389412608

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