What does the FTX crash mean for African Web3 startup, Nestcoin?

This episode is also available on YouTube - https://youtu.be/EZ2Rp1tOW6Y

Today on the Techpoint Africa Podcast, our Managing Editor, Emmanuel Paul, sits with our Senior Reporter, Bolu Abiodun in the studio.

Bolu shares insights and his opinions on the tragic happenings with Nigerian startup, Nestcoin. He breaks down some of the facts and answers popular questions that have been asked.

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Timestamps
00:00 - Intro
00:39 - A little backstory
02:21 - Why did Yele keep all of Nestcoin's money with FTX?
05:40 - What's being done for laid off staff?
06:18 - Why keep the money in FTX and not Binance?
07:33 - What has Nestcoin built so far?
11:44 - Is crypto dead?

Useful links
African Web3 startup, Nestcoin, to commence layoffs with investments caught up in FTX crash
FTX started with $200, grew to $32bn, and collapsed in 2 weeks. Here’s how it happened

This episode was produced by Ogheneruemu Oneyibo and Gracious Sede

Email us your feedback at [email protected]. Visit www.techpoint.africa for more stories.

Music - Beach by MBB