Venture Capital

2021-11-06 18:00:06 A16z Crypto has got the fourth NFT unicorn in its collection

Prior to that, they backed NFT marketplace OpenSea, participated in a raise for NBA Top Shot-maker Dapper Labs and backed the team behind play-to-earn crypto game Axie Infinity.

Now, the fund has invested $150 million in Mythical Games. The startup's valuation is $1.25 billion. In June it raised $75 million. Open / Comment

2021-11-06 14:00:08 iRocket and Turion Space signed an agreement for 10 launches to low Earth orbit

The companies became partners: iRocket will now send 20 Turion Space droid satellites into orbit for 10 launches.

The companies hinted at possible future cooperation in orbital services. Open / Comment

2021-11-05 21:03:43 Zillow shuts down its Zillow Offers division and fires 2,000 employees

A year ago U.S. portal Zillow launched the house-flipping business aimed buying homes directly from sellers, completing the necessary upgrades and listing them for sale. It hit the market quickly and the company was buying several thousand homes per quarter.

Lately, real estate prices have continued to fall and it has led to sales volume deceleration. It became impossible to predict prices, so Zillow decided to close the program and cut 25% of its staff.

Such a large scale requires too much equity capital. Not surprisingly, the company decided to take a time-out. Open / Comment

2021-11-05 20:00:07 Get FREE Token NOW! Open / Comment

2021-11-05 14:00:14 Crypto exchange Coinbase bought an Indian AI startup to improve customer service

The company plans to start serving customers around the clock, and that requires full automation.

Coinbase will use Agara technology supported by artificial intelligence.

The acquisition of the platform will cost the company about $40 – $50 million.

Coinbase recently increased its staff because of numerous complaints. People were no longer able to cope without the help of AI technology. Open / Comment

2021-11-04 19:00:05 Meta (Facebook) is projected to make $50.3 billion from advertising in the U.S. in 2021.

About half of that money will come from Instagram — $26 billion.

This will be the first year when the service will bring Meta half of its revenue. That share is projected to grow further as Instagram's revenues skyrocket. Open / Comment

2021-11-01 19:33:53 Open / Comment

2021-10-31 22:15:00 TikTok has begun testing a new tip feature for some bloggers

Blogger Jera Bean applied to participate in testing.
After approval, a button "Tips" appeared in her account. Authors can now receive tips in the amount of at least $1.

Conditions for participation: bloggers must be over 18 years old and have more than 100 thousand subscribers. Any money tipped to creators will go directly to that individual, the social network won’t take a cut.

Donations will stimulate bloggers to produce content, so they can get even more promotion. Open / Comment

2021-10-29 13:14:25 Rent vs. Own house by country

As we can see it is huge opportunity for rental services in Russia, China and Italy. One day rental model will come there. Open / Comment

2021-10-27 22:34:01 Number of unicorns per category

*Unicorns are startups valued at >$1 billion Open / Comment