Digital Economy

    Subscribe to Daily News

    Sign up for the most important global Technology news, from startup´s to Big Tech companies

    Meta to include Facebook and Instagram ad-free plan for users in the EU

    Nexfibre appoints Rajiv Datta as its new CEO

    TikTok to halt e-commerce transactions in Indonesia on Wednesday, 3rd October

    Apple to fix iPhone 15 overheating issue with upcoming iOS 17 update

    Facebook Twitter Instagram
    Facebook Twitter Instagram LinkedIn
    Digital EconomyDigital Economy
    • Home
    • News

      Meta to include Facebook and Instagram ad-free plan for users in the EU

      Nexfibre appoints Rajiv Datta as its new CEO

      TikTok to halt e-commerce transactions in Indonesia on Wednesday, 3rd October

      Apple to fix iPhone 15 overheating issue with upcoming iOS 17 update

      Coinbase secures full payment licence to operate crypto platform in Singapore

    • Categories
      1. Tower
      2. Digital Finance
      3. Datacenter
      4. Regulatory
      5. Software
      6. Cloud
      7. Blockchain
      8. Cyber Security
      9. View All

      UK: Chase Bank gears up to ban crypto transactions from 16th October 2023

      Kenyan Fin Tech Company Expands its reach with United State investment opportunity

      Paystack Expands Beyond Private Beta Phase in Kenya, Welcoming All Merchants

      Zeepay’s cross-border transactions skyrocket to US$2.9bn

      GDS Launches its Tech Park Data Center Campus in Johor, Malaysia to Drive Digital Economy

      A truly connected and digital Africa is within reach

      Paratus to Construct Angola’s First Tier-IV Data Center in Luanda

      Africa Data Centres partners with LINX Nairobi to promote digitalization across East Africa.

      UK, Japan Partner on Digital Regulations

      MTN Zambia Launches 5G Network to Drive Digital Economy

      Telegram introduces a self-custodial crypto wallet globally, except in the US

      AGAT Software Reveal the Launch of BusinessGPT for Data Analysis

      Adobe Expands Firefly AI Offering to Support Text Prompts in Indian Languages

      IBM to Acquire Cloud Software Company Apptio for $4.6 Billion

      Oracle adds gen AI for Customer Experience

      Pioneering Worldwide Space Announce Partnerships to Boost UK innovation

      Huawei Cloud – The cloud partner for every South African business

      TikTok suspended in Senegal due to concerns about impact on national stability

      Kenya to suspend Worldcoin, a crypto project over safety concerns says Minister

      Binance Academy and Coursera Partner to Expand Global Blockchain Education

      Bitcoin Trading Volume Hit Over $4.2T In The First Half Of The Year

      Saudi-Based Blockchain Company IR4LAB expands operations to Africa

      Hong Kong crypto firm, Mixin, suffers largest crypto hack theft of 2023

      Cybercrime set to threaten Canada’s security, prosperity – spy agency

      Cyber Security Authority to enforce licensing regime Oct. 1

      The Rise in Cyberthreats Spur Local Businesses to Embrace AI and Cloud Security

      Meta to include Facebook and Instagram ad-free plan for users in the EU

      Nexfibre appoints Rajiv Datta as its new CEO

      TikTok to halt e-commerce transactions in Indonesia on Wednesday, 3rd October

      Apple to fix iPhone 15 overheating issue with upcoming iOS 17 update

    • Features
    • Appointment

      Angola Cables names Sudhir Juggernath as new CEO

      MTN Group Elevates Marina Madale to Executive of Sustainability and Shared Value

      Kobo360 Announces Ciku Mugambi as new CEO, Fola Adeola becomes board Chairman

      Olumide Balogun Assumes New Role As Director Of West Africa At Google

      Bosun Tijani named Nigeria’s Minister of Digital Economy

    • Interviews
    • List
      1. Digital Economy Personality of the week
      2. Women in Tech
      3. View All

      Mr. Eliud Owalo, Kenya’s Cabinet Secretary Ministry of Information, Communication and the Digital Economy named Digital Economy Personality of the Week

      Mrs. Olugbemisola Aruwayo-Obe, Country General Manager, IBM West Africa Becomes Digital Economy Personality of the Week

      Dr. Sujith Jayaprakash, Rector of BlueCrest University College Ghana, emerge as Digital Economy Personality of the Week

      Lillian Barnard, CEO of Microsoft South Africa Becomes Digital Economy Personality of the Week

      Shattering the Digital Ceiling: Leading Women in Kenya’s Thriving Tech Industry

      Meet The Women Driving South Africa’s ICT Revolution

      STEM Initiatives Launches Two New EDGE Centres to Shape Future of Tech in South Africa

      Lamide Akinola, Glovo’s new GM/ Country Head Nigeria, to Promote Gender Inclusivity, Tech Transformation in Nigeria’s E-Commerce

      Shattering the Digital Ceiling: Leading Women in Kenya’s Thriving Tech Industry

      Top 10 secure online payment methods

      Meet The Women Driving South Africa’s ICT Revolution

      STEM Initiatives Launches Two New EDGE Centres to Shape Future of Tech in South Africa

    • Events
    • Download
      • Newsletter
        • JUNE EDITION
        • JULY EDITION
        • AUGUST EDITION
        • NOVEMBER EDITION
      • Magazine
    • Contact
    Digital Economy
    Appointment

    Metaverse Magna welcomes Yemi Johnson as CEO to Lead Transformation

    adminBy admin3 Mins Read
    Yemi Johnson new CEO of Metaverse Magna
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    Metaverse Magna (MVM) has announced the appointment of Yemi Johnson as its new CEO, succeeding Yele Bademosi, the founder of MVM, who will now serve on the company’s board. Johnson, previously General Manager (GM) of MVM, joined the company after serving as SVP of Consumer Business at Reliance and COO of Hotels.ng. During his tenure as GM, he oversaw a successful pivot and drove the company’s highest revenue months. With his new role, Johnson is set to lead MVM towards a brighter future.

    In 2021, during the booming crypto market, Metaverse Magna (MVM) established itself as a prominent play-to-earn (P2E) gaming guild, attracting 1,200 scholars and generating monthly revenues of $60,000. The African gaming community, which provides players with the opportunity to earn and receive rewards in cryptocurrency, was incubated by Nestcoin and has successfully raised $3.2M in funding.

    However, as the crypto market took a negative turn, MVM restructured its business model to address the issues prevalent in many P2E games. The company also engaged its users to gather feedback on their P2E gaming experience, leading to the rebranding of the company to a social gaming and esports platform, Hyper. The company’s CEO, Yemi Johnson, is spearheading this transformation. With these changes, MVM is poised to thrive in the evolving gaming industry.

    Hyper is an innovative social gaming and esports tournament application that provides a platform for players to engage in skill-based games and win real money rewards. Although still in beta, the platform has already garnered over 6,000 sign-ups with an impressive 50% stickiness rate. With Hyper, gamers can challenge friends and other competitors in both free and competitive matches, offering a diverse and engaging gaming experience. The platform features a range of fun, casual games and a streamlined interface, making it easy for users to earn cash while having fun.

    Speaking about Hyper Johnson said, “If Messi was born in the 1900s, he would never have made any money from football or be known for his talent. Fast forward 100 years, and Messi and many people earn a living from football. This same dynamic happened in console and PC gaming with no one caring about the top pro players in core games like FIFA and Call of Duty, and now millions of people care and thousands of gamers make a living from these games via esports.”

    The MVM CEO further stated, “Playing fun games on your mobile phone is work, and people build skills in these games, so they deserve to be able to monetize their skills. Scholars from our gaming guild felt this way and wanted a solution that was long-term and sustainable, so we built Hyper to solve their problem. Mobile gaming is a billion-person activity, and we’re innovating in a new era in social gaming.”

    Metaverse Magna (MVM) has maintained its gaming guild operations with minimal overhead while focusing on Hyper. The platform has already established a presence in Nigeria, Indonesia, and Brazil through a joint venture partnership with OFR, a prominent VC fund, and DUX, a leading Brazilian gaming guild. By leveraging these strategic partnerships, MVM is well-positioned to expand its reach and appeal to a global audience of gamers seeking competitive gameplay and real-world rewards.

    CEO Metaverse Magna Nigeria Yemi Johnson
    Share. Facebook Twitter LinkedIn Email
    admin
    • Website

    Related Posts

    Meta to include Facebook and Instagram ad-free plan for users in the EU

    Nexfibre appoints Rajiv Datta as its new CEO

    TikTok to halt e-commerce transactions in Indonesia on Wednesday, 3rd October

    Apple to fix iPhone 15 overheating issue with upcoming iOS 17 update

    Coinbase secures full payment licence to operate crypto platform in Singapore

    Elon Musk tests X’s streaming capacity by streaming himself playing Diablo IV

    Leave A Reply Cancel Reply

    Demo
    Top Posts

    Top 10 secure online payment methods

    Nigeria’s Minister for Communications, Innovation and Digital Economy, Bosun Tijani calls for top researchers to join the National AI strategy

    Nigeria accounts for 82% of Africa’s telecom subscriptions, says NCC

    Don't Miss

    Meta to include Facebook and Instagram ad-free plan for users in the EU

    Meta Platforms has begun working towards introducing ad-free subscription plans for Instagram and Facebook users…

    Nexfibre appoints Rajiv Datta as its new CEO

    TikTok to halt e-commerce transactions in Indonesia on Wednesday, 3rd October

    Apple to fix iPhone 15 overheating issue with upcoming iOS 17 update

    Demo
    Most Popular

    Meta to include Facebook and Instagram ad-free plan for users in the EU

    Nexfibre appoints Rajiv Datta as its new CEO

    TikTok to halt e-commerce transactions in Indonesia on Wednesday, 3rd October

    Features

    Top 10 secure online payment methods

    Nigeria’s Minister for Communications, Innovation and Digital Economy, Bosun Tijani calls for top researchers to join the National AI strategy

    Nigeria accounts for 82% of Africa’s telecom subscriptions, says NCC

    Subscribe to Daily News

    Sign up for the most important global Technology news, from startup´s to Big Tech companies

    Digital Economy
    Facebook Twitter Instagram LinkedIn WhatsApp
    • Home
    • About us
    • News
    • Features
    Copyright © Digitaleconomymag 2023. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.