‘Web3 is just not the online in any respect’: Tim Berners-Lee
Tim Berners-Lee, who’s credited with inventing WWW in 1989, stated that he doesn’t view blockchain as a viable resolution for constructing the following iteration of the web.
Indonesian fintech agency KoinWorks lays off 70 staff
This is because of an inside reorganisation to make sure the agency can proceed being “aware of customers’ wants”; Earlier this 12 months, KoinWorks secured US$108M Sequence C consisting of fairness and debt capital.
MoneySmart to record on SGX by way of a US$161.7M reverse takeover take care of APS
The monetary comparability platform anticipates speedy progress by way of investments in its membership and rewards programmes; MoneySmart can even make investments considerably in its new insurance coverage model Bubblegum.
Singapore’s digital well being platform Speedoc raises US$17.5M
The traders embrace Vertex SEA & India, Shinhan Enterprise, and Xyris; In 2020, the corporate closed a US$5M Sequence A spherical led by Vertex; Speedoc operates as a digital clinic and hospital care supplier.
Function Enterprise Capital scores US$10M
The Singaporean VC agency will make investments US$1M every in sustainable tech startups; The agency invests globally with a concentrate on SEA-based startups; Its portfolio firms embrace Zumvet, Igloocompany, and HydraX.
Meta eyes large-scale layoffs this week
The announcement marks the primary time Meta CEO Mark Zuckerberg has made mass headcount cuts since Fb’s institution in 2004; As of September, Meta had over 87K staff.
Indonesia magnificence startup Base secures US$6M funding
The traders embrace Rakuten Ventures, Antler, East Ventures, Skystar Capital, and Pegasus Tech Ventures; The D2C magnificence and wellness startup is increasing its omnichannel distribution to unfold throughout Indonesian cities.
AI-powered AAA Web3 sport Delysium nets US$10M funding
The traders embrace Immutable, GSR, Blockchain Coinvestors, and Leonis Capital; Delysium will use the cash to develop the content material and construct Delysium Multiverse, an open-source working and publishing community on the blockchain.
Temasek-backed EvolutionX to spend money on PharmEasy father or mother
The debt financing platform made its maiden funding in PharmEasy father or mother API Holdings; API has over 6M transacting customers, 150,000+ lively pharmacies and over 1.8K hospitals.
Animoca Manufacturers CEO: ‘There isn’t any metaverse with out Web3’
That you must have that transaction layer so that you’ve got interoperability between content material, and you’ll carry it from place to position, stated Robby Yung; In his view, the metaverse means many issues to many individuals.
Binance strikes to liquidate its total place in FTX tokens
The choice follows weeks of criticism directed at FTX’s founder and CEO, Sam Bankman-Fried, for regulatory proposals he put forth in a weblog submit which beneficial restrictions relating to DeFi.
Litecoin mining issue is hitting new highs, basis says
It peaks at just below 18M hashes, based on a submit by the Litecoin Basis; Mining issue measures the typical variety of hashes required to “clear up” a block.
Guide Excerpt: What Google, Fb did to develop from zero to 1,000
In her new ebook From Zero to 1,000, Anne Caron explains the significance of human capital to those tech giants’ success.
Meatiply develops cultivated meat merchandise with a concentrate on Asian cuisines
An A*STAR spin-off, Meatiply obtains cells from livestock animals like hen and makes use of regenerative biology to develop these cells into meat.
Elon Musk needs to eradicate Twitter bots: How blockchain can ease the method
Musk’s want to remove bots and false profiles from Twitter, in addition to his insistence on consumer verification, could be very honourable.
Meta eyes large-scale layoffs this week
The announcement marks the primary time Meta CEO Mark Zuckerberg has made mass headcount cuts since Fb’s institution in 2004; As of September, Meta had over 87K staff.
—
Fundraising or making ready your startup for fundraising? Construct your investor community, search from 400+ SEA traders on e27, and get linked or get insights relating to fundraising. Strive e27 Professional without cost right now.
The submit Ecosystem Roundup: KoinWorks lays off 70 staffers, MoneySmart to record on SGX, Tim Berners-Lee says Web3 isn’t net in any respect appeared first on e27.