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

<p>This episode is also available on YouTube - <a href="https://youtu.be/EZ2Rp1tOW6Y" target="_blank" rel="nofollow noopener">https://youtu.be/EZ2Rp1tOW6Y</a></p> <p>Today on the Techpoint Africa Podcast, our Managing Editor, Emmanuel Paul, sits with our Senior Reporter, Bolu Abiodun in the studio.</p> <p>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.</p> <p>To advertise or promote your brand, <a href="https:/techpoint.africa/advertise">visit this link</a> or send an email to <a href="mailto:business@techpoint.africa" target="_blank" rel="nofollow noopener">business@techpoint.africa</a><br /><br />Explore the <a href="https://techpoint.africa/2022/08/18/explore-the-fintech-in-everything-at-the-fintech-summit-2022">fintech in everything at The Fintech Summit 2022</a><br /><br /><strong>Timestamps</strong><br />00:00 - Intro<br />00:39 - A little backstory<br />02:21 - Why did Yele keep all of Nestcoin's money with FTX?<br />05:40 - What's being done for laid off staff?<br />06:18 - Why keep the money in FTX and not Binance?<br />07:33 - What has Nestcoin built so far?<br />11:44 - Is crypto dead?<br /><br /><strong>Useful links</strong><br />African Web3 startup, <a href="https://techpoint.africa/2022/11/14/nestcoin-investment-caught-in-ftx-crash">Nestcoin, to commence layoffs with investments caught up in FTX crash</a><br />FTX started with $200, grew to $32bn, and collapsed in 2 weeks. <a href="https://techpoint.africa/2022/11/16/how-ftx-collapsed">Here&rsquo;s how it happened</a><br /><br />This episode was produced by Ogheneruemu Oneyibo and Gracious Sede<br /><br />Email us your feedback at <a href="mailto:podcast@techpoint.africa" target="_blank" rel="nofollow noopener">podcast@techpoint.africa</a>. Visit <a href="http://www.techpoint.africa/" target="_blank" rel="nofollow noopener">www.techpoint.africa</a> for more stories.<br /><br />Music - <a href="https://www.youtube.c