Nigeria’s Bronze Artifacts Returning Home

Nigeria’s Bronze Artifacts Returning Home

By CultureBanx Team

  • 26 cultural artifacts are being returned from France

  • 90% of Africa’s cultural heritage is now believed to be in Europe

CBx Vibe:Uproar” Lil Wayne

Beautiful Benin Bronze art pieces, that once called modern day Nigeria home are finally being returned from France. There are 26 cultural artifacts which were removed from Africa during the colonial era undergoing restitution from France to the country.

Why This Matters: Around 90% of Africa’s cultural heritage is now believed to be in Europe, according to Reuters. The art in question is currently housed at the Musee du Quai Branly museum in Paris and they were seized in 1892 as the spoils of war.  

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Leveraging Affiliate Marketing For Your Business or Side Hustle

Leveraging Affiliate Marketing For Your Business or Side Hustle

By Priest Willis @ Lenovo

  • Affiliate Marketing is a type of performance-based marketing

  • African Americans are major consumers in e-commerce

CBx Vibe:Get Money” Junior M.A.F.I.A.

All the rage in recent years has been about side hustles which has played out in many ways. Some people have decided to drive Uber or sell items on eBay, ultimately creating different businesses that essentially don’t interfere with their “9-5”. One concept that has been around for almost two decades but lesser known or understood on certain levels is Affiliate Marketing. But what exactly is Affiliate Marketing and how does it work?

Why This Matters: Let’s start with what Affiliate Marketing is not. In no way is Affiliate Marketing the same as multi-level marketing (MLM) or ballroom hope: a concept started in 1989 with PC Flowers & Gifts and then with Amazon (AMZN -5.71%), as the first company to scale with the public in the mid 90’s. Affiliate marketing is a type of performance-based marketing which a business pays one or more affiliates for each visitor, customer lead or sale brought by the affiliate's own marketing efforts.

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Lyft Showers Food Deserts With Discounted Rides

 Lyft Showers Food Deserts With Discounted Rides

By CultureBanx Team

  • Lyft’s ‘Grocery Access Program’ offers $2.50 rides to grocery stores

  • There is a 92% black population in Washington D.C.’s Ward 7 and Ward 8

CBx Vibe:Ride Slow” Russ

A major hurdle for people living in food deserts is transportation and Lyft has taken the wheel to help steer towards a fix. The ride hailing service has teamed up with a nonprofit organization in Washington, D.C. to offer some families access to heavily discounted, shared Lyft rides to grocery stores.

Why This Matters: The U.S. Department of Agriculture reported 23.5 million Americans live in food deserts. Using this classification in the case of D.C., 81% of residents living in Wards 7 and 8 dwell in a food desert, and will qualify for Lyft’s new program, according to the D.C. Policy Center. There is a 92% black population in both Ward 7 and Ward 8, where the median household income of $38,107 in Ward 7, is only slightly higher than that of families in Ward 8 of $35,025.

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T-Mobile & Sprint Merger: Pre-Paid Customers Beware

T-Mobile & Sprint Merger: Pre-Paid Customers Beware

By CultureBanx Team

  • Team Telecom provided their consent to the deal

  • 15% of Sprint users and 14% of T-Mobile users are black

CBx Vibe:2 Phones” Kevin Gates

Telecom giant T-Mobile (TMUS -0.94%) has inched one step closer to sealing its $26 billion deal with Sprint (S -0.17%). They just won approval from two national security reviews by Team Telecom. If this merger is consummated they would have more than 127 million customers. It would leave the U.S. wireless market dominated by three national players instead of four, and perhaps leave black consumers behind in the wireless carrier race.

Why This Matters: You may need to start paying close attention to your wireless bill when this deal closes, because the combined companies could raise fees for pre-paid and other low-cost mobile phone plans. These are the exact types of plans Sprint and T-Mobile have previously been driving down. The median household income for African Americans was just over $39,000 in 2016, putting black people directly in T-Mobile’s sweet spot among customers who make less than $75,000 per year. Sprint’s pre-paid brand Boost counts 83% of its users in that income range, according to data from Kagan, S&P Global Market Intelligence data.

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Black Art Draws Needed Attention at Art Basel Miami

Black Art Draws Needed Attention at Art Basel Miami

By Donitra Clemons

  • Black artists made up just 2.4% of all acquisitions by major institutions in the last decade

  • One of MacArthur’s prize- winning Mark Bradford abstracts sold for $5M

CBx Vibe:Back Then” Mike Jones

After a record-breaking year in sales, works by Black artists continued to move art viewers and buyers at the 17th annual Art Basel Miami. At Basel, works by some Black artists like, “When I let go of what I am, I become what I might be” by Amy Sherald, who painted the official portrait of Michelle Obama, yielded $175,000. One of MacArthur’s prize- winning Mark Bradford abstracts sold for $5 million. Following current market norms, many seven figure pieces like a $50 million Mark Rothko canvas were snatched up more slowly or not at all.  

Why This Matters: Visibility is important to the careers of artists of any color,  allowing for more than just sells, but a chance for their message to be heard. This opportunity to widen the cultural dialogue at a major event like Art Basel Miami benefits everyone.

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A Guide to Crypto-Anarchy

A Guide to Crypto-Anarchy

By ICO Alert

  • Cryptocurrencies are breathing new life into the crypto-anarchist movement

  • Bitcoin allows crypto-anarchists to send and receive funds outside of the established financial system

CBx Vibe:Bitcoin” Soulja Boy

One of the most prolific features of cryptocurrencies and the budding blockchain-powered “decentralized economy” is that it’s providing individuals with more privacy and digital anonymity than ever before. Cryptocurrencies are breathing new life into the crypto-anarchist movement, which has witnessed substantial growth since the advent of bitcoin almost ten years ago.

Why This Matters: Crypto-anarchism matters today more than ever before. It can be defined as a cyber-spatial realization and manifestation of anarchism, according to University of New South Wales researcher Usman Chohan. Crypto-anarchists are individuals who utilize cryptographic software and privacy-enhancing technologies to propagate financial sovereignty, and perpetuate their privacy.

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Puma Reigns Supreme in NBA Player & Cultural Endorsements

Puma Reigns Supreme in NBA Player & Cultural Endorsements

By CultureBanx Team

  • Puma was able to sign 4 of the top 15 picks in this year's draft

  • Basketball shoe sales were down 13.6% in 2017

CBx Vibe:We Fly High - Ballin” Jim Jones

When Puma (PUM.DE -2.87%) decided to revive its dormant Basketball brand after two decades, incumbents were woefully under prepared to defend their territory. Since the majority of basketball sneakers are worn off the court, cultural swag has become more important than shoe performance. NBA superstars have started trading in their traditional shoe endorsement paths led by Nike (NKE -0.55%), Adidas (ADDYY -3.30%) and Under Armour (UA -0.45%), for Puma’s brave new alternative approach.

Why This Matters: Puma was able to sign four of the top 15 picks in this year's draft, including Deandre Ayton and Marvin Bagley III. Their unique proposition to players comes in the form of offering them the immediate chance to become the face of a brand, and taking on issues they are passionate about both on and off the court.

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The Business of Being Black Santa

The Business of Being Black Santa

By CultureBanx Team

  • Roughly 3% percent of all professional Santas in the U.S. are African American

  • Black Santas across the country can command nearly $400 or more per hour

CBx Vibe:Santa Claus is Coming to Town” Jackson 5

For decades, black families have searched for a Santa that reflects them and their community to capture holiday memories. Despite the fact that St. Nick is a fictional character, black Santas across the country can command nearly $400 or more per hour for their services. As the Christmas holiday rolls around again black Santas remain booked, busy and sometimes hard to find.

Why This Matters: The issue is they still remain difficult to come by because roughly 3% percent of all professional Santas in the U.S. are African American, according to Tim Connaghan, who runs the RealSantas.com. A shortage of black Santas could be attributed to the high costs of getting into the business.

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The SEC Knocks Out Floyd Mayweather With ICO Charges

The SEC Knocks Out Floyd Mayweather With ICO Charges

By CultureBanx Team

  • Floyd Mayweather & DJ Khaled Charged by the SEC for promoting ICOs

  • Centra paid Mayweather $100,000 and Khaled $50,000

CBx Vibe:King’s Dead” Jay Rock, Kendrick Lamar, Future & James Blake

Floyd Mayweather’s money team may be looking for a new endorsement deal and DJ Khaled will need some new keys, after the Securities and Exchange Commission (SEC) charged them with promoting investments in initial coin offerings (ICO), without revealing they’d been paid.The SEC had previously warned celebrities about endorsing ICOs without proper disclosure around the nature and amount of their compensation.

Why This Matters: This is the first time the SEC has brought charges against individuals for promoting ICOs. Mayweather’s back was pushed against the ropes after the co-founders of Centra an ICO were arrested on fraud charges back in April. Centra raised $32 million from investors and sold unregistered investments through a "CTR Token," the SEC alleged. Neither Mayweather nor DJ Khaled were named in that suit, though both were named “official brand ambassador and managing partner” at Centra.

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