Thursday, August 18, 2022

Community-owned Web3 accelerator to share profit with alumni & mentors

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Collective Campus, Australian innovation consultancy and startup accelerator, is spinning off Metarise - a $10m web3 venture fund and community-owned web3 startup accelerator. Only 0.1% (30,000) of the 30 million software developers across the globe are active in web3, with similar patterns across design and marketing professionals. This has prompted various web3 networks and protocols to announce over US$9 billion worth of ecosystem development funds in the 12 months to May 2022, including Avalanche ($200 million), Harmony ($300 million), Algorand ($500 million), and TRON’s $1,111,111 ecosystem fund. 

True Global Ventures announces the closure of its $146m Follow On Fund

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True Global Ventures 4 Plus (TGV4 Plus) Fund announces its first closure of its US$146m Follow On Fund. The TGV4 Plus Follow On Fund has a group of 15 General Partners (GP), who lead the fund and its Investment Committee, putting in more than US$62m of their money into the fund. This is a total GP commitment of over 40% of the total fund size and over US$4m per GP on average. The first capital call of the fund has been fully paid in.

Mythical Games partners with Kakao Games to further APAC expansion

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Next-generation blockchain gaming studio Mythical Games has announced a partnership with Kakao Games, South Korea’s publisher of online and mobile games. Moving forward, Mythical will integrate and support the BORANETWORK – an affiliate of Kakao Games and its proprietary blockchain and layer 2 ecosystem – as both continue their expansion in Asia.

Banxa announces partnership with digital assets platform WonderFi

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BANXA Holdings Inc. (Banxa), the on-and-off ramp solution for Web3, announced it has formally entered a new partnership with WonderFi Technologies Inc. (WonderFi), a tech firm with the mission of creating better access to digital assets through compliant centralized and decentralized platforms. The deal builds on Ethereum, Polygon, and Bitcoin blockchains, and targets key markets including Australia, Brazil, European Union, United Kingdom, and the US.

How an Aussie blockchain business became accidental technology leader

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A globally recognised tech training hub on Queensland’s Gold Coast has emerged as a vital link taking blockchain technology to new heights. Producing education curriculums was never on the to-do list for Blockchain Collective co-founders Austin Lewinsmith and Nathan Burns.

Australian influencers reluctant to embrace Non-Fungible Token trend

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HypeAuditor, the AI analytics platform for brands seeking fair, transparent, and effective influencer marketing, released new data revealing the state of non-fungible tokens (NFTs) on Instagram following the announcement that it will start integrating NFTs from blockchains, like Ethereum, Solana, Flow and Polygon, testing digital collectibles with select creators in the US.

Queensland micro-philanthropy company aims to make the little count

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A new offering by Gold Coast micro-philanthropy platform Little Phil is linking charities and a Millennial workforce demanding companies give back. Little Phil, which is short for Little Philanthropist, is transforming traditional donations by using innovative tech to track micro-donations but is also having a decidedly mega impact on global charities and workplaces.

TOKEN2049 Asia’s largest Web3 event Singapore casts Title Sponsors

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TOKEN2049, Asia’s premier crypto conference, announced high profile Title Sponsors for its much-anticipated Singapore debut. Taking place from 28-29 September 2022, this year’s event marks TOKEN2049’s first physical presence in Singapore, which will be held in conjunction with the Formula 1 Singapore Grand Prix 2022, ahead of the race weekend.

A new economic environment calls for new investment strategy for women

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A new federal Gov't, a pandemic, a war and tough trading markets, has prompted women to investigate something new for their investment portfolio. According to a survey by Fidelity, despite lacking confidence in their investment techniques, 20% of women have decided these conditions need a new strategy to help them achieve options for their future they desire.

DAOs choose Deel as preferred global hiring and payroll platform

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Decentralised autonomous organizations - DAOs - can onboard and pay their members around the world, at scale, using Deel. Deel is a leading global compliance and payroll solution that helps businesses hire anyone, anywhere. Its customers can hire independent contractors and full-time employees in over 150 countries, compliantly with just a few clicks in minutes.