About Parag Agrawal, Twitter’s new boss, and NFTs simplified

Good day,

At present, I’m discussing:

  • Jack Dorsey’s resignation
  • Simplifying NFTs

Jack Dorsey resigns

This week undoubtedly began with a shock. Jack Dorsey is now not Twitter CEO, an organization he co-founded in 2006 and has held a task in for 15 years. He’s now changed by the CTO, Parag Agrawal (pictured in featured picture). 

Within the meantime, he’ll stay on the social networking platform’s board till the second quarter of 2022, when his tenure ends and to additionally help a correct transition.

Jack tweeted a screenshot of his e mail to the Twitter workforce to make the resignation public. He believes it was lastly time for him to go away for 3 causes — he has the right substitute, has gotten Bret Taylor to turn into board chair, and eventually to go a message to the Twitter workforce that each one of them has the potential to steer.

Nonetheless, there are claims that the resignation was needed as he might now not proceed to move Twitter alongside together with his digital funds firm, Sq., on account of criticisms — or considerations  — that he won’t carry out optimally from some stakeholders.

Curiously, Jack has been working Sq. since 2009, after he was deemed unfit by stakeholders in 2008 and compelled out of the Twitter CEO function. Quick ahead to 2015; it was a unanimous resolution from buyers of each Twitter and Sq. to make him a everlasting CEO.

Very long time coming? There have at all times been options that he may be compelled to go away one of many firms for one more.

Enjoyable truth: Primarily based on 2020 values, Jack owns 2% of Twitter, making up $849M of his $12,3B complete web price. 

Away from Jack, there’s a type of pleasure that got here with this announcement. Parag is yet one more high government of Indian descent (the youngest on the record) main a world tech firm. A couple of mentions embody Google’s Sundar Pichai, Microsoft’s Satya Nadella, IBM’s Arvind Krishna, Adobe’s Shantanu Narayen, and Ajaypal Singh Banga of Mastercard.

One other enjoyable truth: Parag Agrawal was amongst 4 Twitter executives who visited Nigeria with Jack Dorsey in 2019. An alumnus of the Indian Institute of Expertise, Bombay, and Stanford College, Parag was instrumental in Twitter’s foray into AI and Machine Studying. Be taught extra about him right here.

Let’s simplify NFTs

Individuals are making a killing from non-fungible tokens (NFTs), from $2 billion price of trades within the first quarter of 2021 to $10 billion by the top of Q3 2021. 

Nonetheless, not everybody is aware of how one can get in on the NFT motion. It is likely one of the many inventions within the blockchain house that solely fanatics and specialists can simply reap the benefits of. 

Whereas the information about NFT gross sales price thousands and thousands of {dollars} retains making the rounds on social media, many people nonetheless have no idea what NFTs are. 

In the only type, NFTs are similar to a digital certificates of possession. However why are they price a lot, and the way does one create them?

To seek out out, look out for Bolu Abiodun’s article on how one can get began with NFTs later in the present day.

What I’m studying

  • Are Ugandan telcos geared up to guard person knowledge? Learn
  • What are you aware about Black Fridays? It has not at all times been for discounted offers ‘ear and expensive’.

Alternatives

  • Adanian Labs opens purposes for its Enterprise Constructing Program. Apply right here
  • Junior Information Reporter at Pulse Sports activities Nigeria. Apply here
  • Tavia Applied sciences Restricted is on the lookout for a SharePoint Help Analyst. Give it a shot
  • Workforce Apt is hiring an Stock Officer. Apply right here
  • Platform.sh is hiring a Technical Product Supervisor – Observability. Apply right here
  • Frontend Engineer at Reliance Well being. ?

Have a productive week forward!


Human fanatic | Author | Senior reporter | Podcaster


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