Posted on

Scale your business across Southeast Asia with SLINGSHOT 2022

SLINGSHOT 2022

When it comes to growing and scaling your startup, you need a variety of assistance. That support can come in the form of mentorships, grants, networks, and even access to a physical space where you can test out your products and services.

With all of these forms of support, your startup can take on larger goals at a faster rate and at a much wider scale! Isn’t this the dream? If so, then look no further because SLINGSHOT 2022 is extending its application deadline to 31 July to give more young and promising startups the opportunity of a lifetime!

SLINGSHOT 2022

Enterprise Singapore has extended the application deadline for SLINGSHOT — its global startup pitching competition – for an additional week to July 31, 2022. SLINGSHOT aims to provide exciting new startups a platform to launch their best tech and business ideas into the global market.

Last year, Quantumcyte — an artificial intelligence-integrated tissue dissection solution that provides more accurate test results for cancer patients — walked away with a Startup SG Grant of S$200,000 (in addition to the Startup SG Grant of S$50,000 for being a Sector winner), and 18 months worth of rent-free space at JTC Launchpad.

Also read: Lalamove: Driving growth in eCommerce with last-mile deliveries

In its sixth edition this year, SLINGSHOT will feature an inaugural physical immersion programme for its top 50 startup finalists to be announced in September. According to Enterprise Singapore, the top 50 finalists of the SLINGSHOT competition will be participating in a 10-day physical programme to experience the startup and innovation ecosystem in Singapore, and better understand how Enterprise Singapore can help these startups accelerate their growth and scale their business to the Southeast Asian region.

Along with the physical immersion programme, SLINGSHOT is also collaborating with the AWS Startup Ramp programme to connect its startup finalists to AWS’s global community of partners for collaborative opportunities, as well as training and credits provided by AWS.

Who can join?

SLINGSHOT 2022

Deep tech startups operating in diverse sectors are welcome to join. For its sixth edition, SLINGSHOT is looking for startups that have a particular emphasis on a variety of key innovations, namely transformative digital technologies; health and biomedical; manufacturing, trade and connectivity; environment, energy and green technology; and consumer media, goods and services.

Through SLINGSHOT 2022, startups that belong to these categories can network with global leading investors, accelerators and corporates, from regional demo days, deal-mixers, and qualifiers to finals, immerse in exclusive pitch coaching, corporate site visits, and lab crawls in the vibrant Singapore startup ecosystem, ideate and co-innovate with MNCs and homegrown players to fast-track your ideas into the market, and present to a global audience at the Finals and win up to S$1.2m (US$800,000) worth of grant prizes.

Stand to win exciting prizes

SLINGSHOT 2022

Enterprise Singapore is offering more than US$800,000 in total grant prizes for startup winners, with the top three winners of SLINGSHOT winning up to 18 months’ rent-free space at Singapore’s LaunchPad @ one-north or LaunchPad @ Jurong Innovation District.

Also read: How Singapore startups explore opportunities in Japan—and vice versa

NextBillion, SLINGSHOT 2020’s grand winner, recently raised US$21 million in a Series B round in May. According to Enterprise Singapore, SLINGSHOT’s top 40 winners have gone on to raise almost US$400 million in investments.

The top 50 finalists of SLINGSHOT 2022 will be pitching physically during the finals to be held from October 25 to 27 during the Singapore Week of Innovation & Technology.

With the most important investors, corporates, industry leaders, mentors, media, and tech-savvy early adopters all gathered in one space, SLINGSHOT 2022 offers your startup a golden opportunity to connect with businesses and funding opportunities in the region. Don’t miss your chance to strike the deal of a lifetime.

– –

This article is produced by the e27 team, sponsored by Enterprise Singapore

We can share your story at e27, too. Engage the Southeast Asian tech ecosystem by bringing your story to the world. Visit us at e27.co/advertise to get started.

The post Scale your business across Southeast Asia with SLINGSHOT 2022 appeared first on e27.

Posted on

Why the Web3-enabled gaming world still has hope

The recent crypto bear market has cast a shadow over Web3 games. Whilst Axie Infinity brought Web3 gaming to mainstream consciousness, and it is now frowned upon by builders and investors alike.

Just as excitement over the “play-to-earn” phenomenon emerged suddenly and rapidly in 2021, the scepticism over the very same phenomenon has accumulated similarly, with more than a handful “writing off” Web3 games as a fad.

Yet I believe we are at the cusp of an evolution, where we can look to the next generation of web3 games emerging as higher quality, more sustainable and most importantly, more enjoyable.

As Stanford Graduate School of Business students wrote, “Gen one Web3 games were built by crypto natives, game enthusiasts and traditional finance professionals”. This led to the fallacy, “We enjoy playing games, so we know how to build games.” The equivalent of this would be, “I enjoy eating delicious food, so I know how to be a Michelin-star chef,” a misguided belief that can unravel quickly.

The next phase of Web3 games will be built by strong game developers who already have experience building fun and engaging games without the shackles of rushed token launches or Ponzi-like game economies and are now looking to elevate the game with Web3 tools.

These builders understand that a Web3 game is first and foremost, while tokens are accompaniments that deepen engagement and engineer incentives but cannot replace intense gameplay.

Strong game developers will build the next generation of Web3 games. Screenshot from Mythic Protocol, a Web3 game built by Agate, one of the largest gaming studios in Southeast Asia.

These Web3 games will be more than games; they will be economies, driven by supply and demand, possibly underwritten by tokens and access gated by NFTs.

This multi-part series explores building health economies, discusses mental models for supply and demand, and highlights best practices around Web3 game tokenomics.

Also Read: All hands on deck: How Iron Sail strengthens blockchain gaming ecosystem through collaboration

We have started this conversation with the ‘demand-side’ of the equation before discussing the ‘supply-side’ of tokenomics because tokenomics are not sustainable without a product (in this case, a game) that is in demand. A game with no demand is effectively dead.

Patrons, players and farmers of Web3 games

Demand for Web3 games comes from three persona groups: patrons, players and farmers.

  • Patrons are die-hard believers who often have an ironclad belief in and support of the game. Patrons are often the early adopters in the community, the investor who writes a cheque before a line of code is written, or the individual who joins a new Discord server and starts conversation religiously. Patrons often feel emotionally connected to the game or the team behind the game: a passionate but small group.
  • Players are true gamers who participate in the gameplay for various non-financial reasons. The player is someone who invests a non-trivial amount of time in engaging in the game and, at best, considers the financial reward as a fringe benefit.
  • Farmers focus almost exclusively on the financial upside of the gameplay. The primary objective of investing time in the game is to earn a financial return exceeding the initial participation cost in the shortest possible time period.
  • Examples include the popular Axie Infinity scholarship model, where farmers would invest in in-game character NFTs and rent the characters out to players on a revenue-sharing model instead of playing.

Persona

Mindset Play the game? Leave when earning stops?
Patrons I am here to support N N
Players I am here to have fun Y N
Farmers I am here to make money Y Y

These three personas are not mutually exclusive, even within the same game. An individual who begins as a Patron (before the game is launched) can transition to a Player (when the game launches), then onto a Farmer, due to a change in family circumstances.

Also Read: Exploring the creator economy in gaming

All three personas are usually present to some extent, yet one will be the dominant persona at a time.

The challenge for game developers is to keep a close pulse on the demographics of their population and how they shift over time. All three personas are necessary to build a healthy web3 game ecosystem.

The Patron is needed to seed initial confidence, attracting Players and Farmers; the Player is needed to engage with the game and consume/utilise game assets produced by Farmers; the Farmer is needed to produce game assets for the Player, especially those who are time poor.

The impact of an imbalanced population is evident among “Gen 1” Web3 games like Axie Infinity, especially between Players and Farmers. When the population’s majority are Farmers, excessive value is extracted from the game, while there are insufficient Players to consume the economy.

This leads to “Ponzi-nomics”, where new entrants largely support the value of game assets until the supply of players and the token price craters.

Patrons will always remain a small but important proportion of participants and have a less material impact. So, what then is the Goldilocks ratio between Players and Farmers? 

A quick online literature review does not reveal much insight, but having informally surveyed several game studios with a track record of building games with decent traction among non-Web3 audiences, the consensus is 7:3, out of every 10 participants in a fun, seven or more have to be Players who consume game assets. At the same time, three or fewer should create assets as Farmers.

This ratio is anecdotal: if you have evidence to prove or disprove this, please reach out at qinen@saisoncapital.com; we would love to engage.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

Join our e27 Telegram groupFB community, or like the e27 Facebook page

Image credit: Canva Pro

The post Why the Web3-enabled gaming world still has hope appeared first on e27.

Posted on

Making connectivity fit for future digital business

One of the major enablers of new digital products and business models for the current and future transformation of enterprises is agility.

Enterprises need the flexibility to redesign the connectivity for each location and operations in line with their ongoing transformation process. Connectivity used to be an enabler, but as new products are developed and portfolios evolve in modern digital business, it is becoming an intrinsic part of the product itself; take the connected car as an example.

Therefore, enterprises will need even greater flexibility in all aspects of their connectivity to make it fit for the future, including the capability to adjust bandwidths, optimise latency and security, and reinforce the resilience of their connectivity in line with the business demands and application requirements.

And creating secure and customisable connections to new business partners as and when needed. Not to mention time-independent booking and adjustment of services and intelligent automation.

Comparing the new demands with legacy enterprise connectivity is a bit like comparing an elite athlete with a couch potato. The couch is comfortable, but modern digital business requires strength, resilience, and flexibility to win the game.

Understanding the connectivity landscape of the modern enterprise

So how is the enterprise connectivity landscape transforming?

A digitally transformed factory, for example, has more data requiring storage and processing than a legacy factory. This data will most likely be stored and processed in the cloud to enable access from geographically dispersed company locations to monitor KPIs and QA in a centralised way and to provide management with aggregated data for making decisions.

As a result, modern enterprises have an increased demand for aggregating and transporting data. But beyond this, a factory is no longer the preserve of the manufacturing company alone. With concepts like robotics as a service, a factory provides a home for intelligent machines owned and operated by external partners.

Consequently, it is necessary to optimise the connectivity to headquarters, branches, production plants and specific external parties. Intelligent production processes, be that the use of robots, smart quality assurance, or additive manufacturing (3D printing techniques), place much greater demands on the resilience of the connectivity. This requires guarantees in the form of high-level service level agreements (SLAs), dedicated bandwidth, and flexibility.

Also Read: Amidst uncertainty, digitalisation requires reliable connectivity

Added to this, companies also want to consume more services from centralised clouds from multiple cloud providers simultaneously as part of their multi-cloud strategy. In this case, end-to-end flexibility is required to guarantee the bandwidth needed for the given service.

Companies today no longer consider the historical A-to-B locational conception of connectivity. Instead, they require more fine-grained connectivity between applications, workloads, devices, and users.

The conception of connectivity is no longer about connecting sites in, for example, two particular cities; rather, the focus is on goals like setting up connectivity between the company’s AI cluster in a centralised hyper-scale and the locally hosted on-prem SQL database.

The importance of resilient, fast, high-bandwidth, and flexible connectivity from the enterprise network to the cloud and to other digital infrastructure service providers, as well as to any service providers involved in the company’s digital value chains, cannot be underestimated. The evolution of modern interconnection services must follow and reflect the needs of modern business.

Designing these modern interconnection services, therefore, needs to be approached in two ways: firstly, by creating a robust, secure, resilient, and high-performance physical infrastructure, and then by adding flexibility and simplicity through virtualisation and automation, thus enabling a range of customisable services.

Resilience is essential for keeping data traffic safe and flowing

For a digital business, trust in its connectivity infrastructure is essential. Day-to-day operations depend on fail-safe transportation of data, be that customer data, maintenance of systems, analytics, or any other of a myriad of essential data-driven use-cases.

Unfortunately, in the real world, incidents and outages are a part of life, and it is necessary to build connectivity in such a way as to minimise their impact of these. Just as a resilient immune system helps the body avoid infection or bounce back rapidly from health-related setbacks, connectivity requires its own form of resilience.

A company can design its critical digital infrastructure to be more immune to real-world events by building multiple layers of redundancy in technology, geography, and business partners.

Also Read: Conservation technology: The role of data and tech in addressing the biodiversity crisis

Sounds great, you say, but how is this even possible?

Redundancy, neutrality, and diversity in digital infrastructure are key to the greatest level of resilience. This must be factored into the design of enterprise connectivity from top to bottom.

Take what we do at DE-CIX as an example: Physical redundancy is an essential hallmark of the design of DE-CIX platforms, necessary to support the SLAs we guarantee our customers. The distributed nature of our platforms, accessible in many geographically dispersed data centres, and redundant deployment of our core and edge infrastructure ensures resilience against localised outages.

Furthermore, we purchase connections as diversely as possible along multiple routes so that connectivity can be maintained between locations, even in the case of localised outages along one pathway.

This means we ensure redundant and non-overlapping cable connections between every data centre where our platform is accessible, creating a highly robust and resilient, failure-safe interconnection environment.

We seek the highest levels of diversity on multiple levels: different operators, different cable stretches, and different upstream products. Interconnecting our platforms globally, the same applies: we share our capacities across different sub-sea cable routes and ensure that these paths do not overlap.

Enterprises should also apply this best practice approach to ensure resilient connectivity for their critical data flows and value chains, the foundation of business continuity in the digital economy.

How enterprises can get what they need when they need it

Bearing in mind the need for resilient connectivity, it is not surprising that enterprises are looking for secure and resilient alternative means to access their chosen cloud services. The demand for private cloud connectivity is constantly growing, and digital businesses meanwhile understand the pitfalls of connecting to clouds via the public Internet.

At the same time, flexibility and simplicity in handling interconnection services are paramount to enterprise agility. An access model (one access, multiple services) for the booking of interconnection services, paired with a self-service portal and API capabilities, ensures easy booking, scaling, and adjusting services. This makes a multi-cloud strategy feasible and manageable and simplifies general interconnection.

No matter whether it’s for direct access to hyper-scale and specialised clouds, for sourcing and using specific applications from the cloud (like Microsoft 365), or for securely connecting and exchanging data with business partners in a secure and exclusive environment, enterprises require a dedicated infrastructure to consume the services they are using.

Therefore, even when the underlying infrastructure is necessarily shared (such as the global Internet backbone and interconnection platforms like those operated by DE-CIX), enterprise customers need a virtual point-to-point private line, meaning that the enterprise connectivity is logically separated and has guaranteed reserve bandwidth on the infrastructure.

Also Read: Why Asia Pacific is a hotbed for bold ideas in material technology and sustainability

The further evolution of cloud connectivity will involve greater interoperability and cloud-to-cloud communication.

Technology-neutral integration enables the service edge

Technology-neutral integration allowing the service to the edge is needed to fulfil the interconnection needs of future enterprises. Here again, DE-CIX, the world’s leading operator of neutral interconnection platforms, can stand as a model.

The DE-CIX ecosystems are home to all the digital service providers that the business world needs access to, the data centres, the network operators, the cloud and content providers, the content distribution networks, and many more.

As an innovative interconnection specialist, we are responsible for providing flexible integrated solutions in terms of an on-demand network as a service and customers beyond the scope of traditional interconnection services.

The best way for enterprises to ensure the greatest resilience of their connectivity to locations, partners, and resources in the cloud is to not only build out their redundant connectivity with multiple contractual partners but also to capitalise on the redundancy and diversity built into the distributed and neutral nature of the DE-CIX infrastructure.

As an agile facilitator, an interconnection specialist like DE-CIX can simplify and streamline the process of creating resilient connectivity for the digital transformation challenges of the modern enterprise.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

Join our e27 Telegram groupFB community, or like the e27 Facebook page

Image credit: Canva Pro

The post Making connectivity fit for future digital business appeared first on e27.

Posted on

Cryptocurrency regulations should evolve: Mistletoe Singapore MD Atsushi Taira

Mistletoe Singapore MD Atsushi Taira

The cryptocurrency regulations need to evolve since the existing laws are based on a centralised system, said Atsushi Taira, Managing Director of startup investor Mistletoe Singapore.

Smaller but advanced countries like Singapore and Estonia can take the lead and introduce innovative regulations.

“Blockchain is part of society. Regulators need to consider the decentralised nature of blockchain [while drafting laws]. Although they cannot control everything, they can at least put a minimum requirement like KYC (know your customer) for crypto transfer between two parties. It is necessary to prevent instances of anti-money laundering,” Taira said in an interview with e27.

There are different kinds of KYC models. For example, blockchain-based distributed KYC or zero-knowledge proof or ZKP (ZKP is a cryptographic method to prove that something is known to a third party without having to reveal the underlying information).

“Regulators need to be savvy enough to understand the technology and then accept new types of KYC,” said Taira, previously Senior VP (Global Business Strategy) at SoftBank Group. “If regulators push the existing KYC system (based on the concept of a centralised banking system), people won’t accept that. So regulators must be more advanced and adapt to the blockchain-based regulation.”

Taira also stressed that if Singapore and Estonia (economies where the financial system is advanced) can change the regulatory framework to accept the new forms of KYC, it can be a good starting point. Changing regulations may not be possible in big countries like Japan and the US because it’s hard to reach a consensus among various stakeholders.

Also Read: The brother of SoftBank founder Masayoshi Son is heading to Singapore, following Eduardo Saverin’s footprints

According to Taira, the ongoing financial crisis is a course correction and is good for the global startup ecosystem. When a recession occurs, all the bad guys and mediocre startups will go, and only strong ones will remain. In addition, the valuation will become reasonable. In that sense, it is an opportunity for the startup ecosystem.

“In 2009, when the economic recession happened, it proved to be a great vintage for VCs because they could find great startups and invest with a reasonable valuation. The return on investment was also good. So a legitimate startup and technology don’t need to worry about the current slowdown. Plus, it is a temporary phenomenon.

In his view, there is a good demand for central bank digital currencies (CBDCs) around the world, especially in the wake of the recent Luna and UST crashes. “We will require stablecoins in the future irrespective of the Luna and UST crashes. This will prompt central governments to introduce digital currency. When a country, for example, China introduces a CBDC, the US may be freaking out: ‘Oh my god, if China’s CBDCs spread worldwide, it will impact USD’. Because of that kind of attention, I think governments will consider introducing digital coins. I don’t know if it is good or bad for blockchain, but they will do it anyway.”

Mistletoe Singapore is a unit of Mistletoe Japan Inc., which was started in 2013 by Taizo Son, the youngest brother of SoftBank Founder Masayoshi Son. It primarily invests in hardware solutions across the globe and has invested in over 60 companies, including Ninjacart, Golden Equator, and Hatcher+.

The firm recently started investing in the Web3 domain. The primary focus is next-generation Web3 companies that are striving to make a social impact. For example, tokenisation of energy/electricity, carbon credit, and solutions targeting the unbanked population (it has already invested in an investment DAO in Vietnam).

“In that sense, we focus on linking with the real world. We hope that Web3 will change society,” Taira concluded.

Fundraising or preparing your startup for fundraising? Build your investor network, search from 400+ SEA investors on e27, and get connected or get insights regarding fundraising. Try e27 Pro for free today.

The post Cryptocurrency regulations should evolve: Mistletoe Singapore MD Atsushi Taira appeared first on e27.

Posted on

The data revolution: Innovation and evolution in APAC’s hospitality industry

It’s hard to exaggerate just how critical technology and digital transformation are for business in almost every industry. Their importance and influence, which was already substantial, have only grown in the wake of the pandemic and will continue to do so.

However, technology is often overlooked in hospitality, an industry with so much to gain but that many still see as ‘traditional’.

Few industries were harder hit by the pandemic across the Asia-Pacific region than hospitality. But with restrictions easing and international travel back on the agenda, there is a reason for optimism and a transition from survival to thriving. The pandemic has accelerated many trends, and chief among them, particularly for restaurants, bars and cafes eager to stand out from the competition, is data.

Data helps take the guesswork out of running a hospitality business, providing operators with real-time insights that tell them exactly what their guests need, whether ordering online or dining in-venue.

But how exactly is technology, digital transformation and data revolutionising a once-traditional industry in APAC?

Building deeper guest relationships

Customer data is the lifeblood for businesses in so many industries today. Just as Spotify provides tailored music recommendations and Amazon personalised shopping lists through Artificial Intelligence (AI) and customer data, technology allows restaurants, bars and cafes to do the same.

When a guest interacts directly with a venue, for example, via online reservation, a QR code or newsletter sign-up, rather than through a third party, the business can access a goldmine of approved customer data.

Whether a guest is dining in or ordering takeaway, by collecting relevant data, restaurants, bars, and cafes can paint a detailed picture of each customer, from their favourite dishes to their allergies, how often they order and even whether they have a favourite table when they visit.

Also Read: How to not let the bots ruin your travel plans

Through solutions like SevenRooms, a data-driven guest experience and retention platform, businesses can collect and personalise various data points on every guest. 

For example, data tell businesses not to offer oysters to Guest One, who has a shellfish allergy; that Guest Two is a positive reviewer; and that Guest Three visits frequently and spends a lot.

Through this data, once-traditional businesses operate like technology start-ups, targeting customers directly with data-driven personalised experiences that incentivise loyalty and boost revenue. 

Driving operational efficiencies

For business owners, time is money. The longer a business spends on mundane, non-revenue-generating manual tasks, the less time it can spend driving value and the exceptional experiences its customers demand. This is true for hospitality businesses, too.

Through data, venues today can automate time-consuming tasks while focusing on the revenue-driving areas of their business. With approved guest data, venues can segment their customers based on shared traits and preferences and use targeted marketing to provide these groups with tailored offers and communications.

Technology, and the data it collects, can also help alleviate the industry’s biggest challenge today: staff shortages. Technology allows operators to do more with less.

For example, QR codes allow customers to order food and beverages directly from their table, eliminating the need for more front-of-house staff. Online reservation and waitlist management removes a burdensome manual process, and historical data can also help identify trends such as the busiest days and times of the week so operators can resource staff accordingly.

Some of the biggest names in hospitality in APAC, like 1-Group and Jigger & Pony, established their position as industry leaders through the quality of their food and drink and the emphasis they’ve placed on guest experience over a number of years. They’ll maintain that reputation for years because they’ve recognised that data and digital transformation drive those experiences today.

Technology can not and should not replace the meaningful, human-to-human interactions we associate with visiting a restaurant, bar or cafe. But it’s enhancing the hospitality industry’s ability to deliver these meaningful experiences that people remember and recommend.

APAC is recognised globally as a melting pot of world-leading restaurants, bars, cafes and hotels. These businesses have innovated to survive over the last two years, and through data, they can innovate to thrive in the coming years.

As consumer demands evolve and industry trends continue to progress, venues that fail to embrace data-driven technology aren’t standing.

Still, they’re moving backwards. In a traditional industry, food, drink, and ambience will always be paramount, but technology, digital transformation and data are their secret ingredient. 

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

Join our e27 Telegram groupFB community, or like the e27 Facebook page

Image credit: Canva Pro

The post The data revolution: Innovation and evolution in APAC’s hospitality industry appeared first on e27.

Posted on

Ecosystem Roundup: SG to expand scope of crypto regulation, Zilingo PH lays off entire team, Vauld owes US$363M to retail investors

Zilingo Philippines lays off entire team
A source close to the situation says that the remaining team consists of 19 people, all of whom are affected; Before its recent challenges, the company employed between 35 to 40 people in the country.

Japanese VC launches US$82M fund for ESG, fintech startups in Indo-Pacific region
GMO VenturePartners says its new GMO Fintech Fund 7 LP aims to create more than 10 unicorns by 2030; Since 2005, GMO VenturePartners has managed as many as six funds totalling nearly US$123M.

SGX taps NYSE to make dual listings to both exchanges easier
The dual listings can benefit companies that want to tap into pools of capital outside their home regions; The SGX and NYSE will also partner in developing new products and services to support listed companies and investor communities.

 

Crypto lender Vauld owes US$363M to retail investors after halting withdrawals
Vauld owes a total of US$125M to its 20 largest unsecured creditors; Three creditors are owed more than US$10M each, with the largest owed US$34M; Vauld suspended client withdrawals on July 4 as it fought to stave off insolvency.

Crypto exchange KuCoin secures US$10M funding from SIG
KuCoin said that it will collaborate with SIG in incubating blockchain startups and building an ecosystem for KuCoin Shares and the KuCoin Community Chain, a public blockchain developed by the crypto exchange’s community.

Singapore to expand scope of crypto regulation
This is in line with global efforts to lower risk for crypto investors after a series of failures hurt the industry;
The consultation will take place in either September or October, with the new regulations possibly including a clampdown on retail investors’ access to crypto.

Asian crypto finance platform XLD Finance raises US$13M
Lead investors are Dragonfly Capital and Infinity Ventures Crypto; The platform builds infrastructure for Web3 and crypto projects to bridge them to traditional finance; Its products include crypto-based payments, disbursements, and crypto-to-fiat offramp APIs.

Singapore’s crypto exchange halts withdrawals
The firm attributed the move to external factors such as volatile market conditions and the resulting financial difficulties of key business partners; This news comes after Coinbase said in June that it would be making strategic investments in Zipmex.

Thai SEC asks Zipmex to clarify withdrawal freeze
The regulator has asked whether Zipmex used Celsius or Babel Finance in connection to its ZipUp programme;
Several crypto platforms have also frozen withdrawals since the June market downturn, including Celsius, Babel Finance and Voyager Digital.

Tencent to pull plug on NFT platform Huanhe
Huanhe reportedly started out as NFT trading platform; In October 2021, the platform replaced mentions of NFT with “digital collection” – similar to the switch made by several Chinese tech firms, Pandaily reported.

Singapore stablecoin builder Bluejay Finance secures US$2.9M funding
Investors include Zee Prime Capital, C2 Ventures, and Stake Capital Group; The fintech firm will use the funds for team development and stablecoin deployment, focusing on Asian stablecoins pegged to local currencies.

Hong Kong food firm DayDayCook joins Brinc to invest US$10M in alt-meat startups
The programme aims to finance 45 foodtech startups developing sustainable and animal-free products in Greater China and Asia; Brinc also announced a US$500K pre-IPO investment in DayDayCook.

East Ventures joins edutech firm Creative Galileo’s US$7.5M Series A
Creative Galileo caters to students aged three to 10 with its early-learning platform; With 7M downloads and 700K MAUs; Moving ahead, the firm plans to expand to Southeast Asia.

Indonesian property rental startup Mamikos lays off employees
The company did not specify how many employees or which divisions were affected; However, Mamikos says that the company had to restructure to ensure a healthier and more sustainable structure; Before the layoffs, Mamikos had 400 employees.

Indonesian fintech SaaS firm Djoin bags US$1M in seed money
Djoin provides solutions for local microfinance companies and cooperatives; Its offerings help clients manage their employees, process payments, and collect loan instalments from their users.

Singapore robotics startup Botsync nets pre-Series A
Investors include Seeds Capital, Venture Catalysts, and AngelCentral; Botsync specializes in building industrial autonomous mobile robots for manufacturing factories and warehouses; It currently has operations in India, Singapore, Thailand, and Malaysia.

Indonesian blue-collar jobs platform Pintarnya raises US$8M
Investors include Vertex Ventures SEA & India and East Ventures; Pintarnya helps blue-collar workers to find job opportunities based on their skill sets and location; It also works with employers to select the right applicants for their needs.

Thai smart-city startup receives UN sustainability honors
5G Catalyst Technologies has been selected as a global excellence leader for the United Nations Sustainable Development Goals, making it the first Thai startup to receive the honor.

Vietnam rural-focused banking firm MFast nets US$2.5M
Investors include Ascend Vietnam Ventures, Wavemaker Partners, Do Ventures, and JAFCO Asia; MFast’s agents introduce and distribute financial products to customers living in rural Vietnam by connecting them with reputable financial institutions.

Where is the future of NFTs and metaverse heading towards?
NFTs are said to be the key that is driving the metaverse; the question is, where are we now and what happens next?

Is your investing game defined by your emotions?
Investing based on emotions is not a new phenomenon, but a concern that bubbles to the surface with the markets’ rising and falling tides

How Singapore startups explore opportunities in Japan—and vice versa
How the Global Innovation Alliance (GIA) programme is helping Singaporean startups explore opportunities in Japan––and vice versa.

The post Ecosystem Roundup: SG to expand scope of crypto regulation, Zilingo PH lays off entire team, Vauld owes US$363M to retail investors appeared first on e27.

Posted on

CrediLinq raises US$2.6M to enable one-click checkouts for Asian SMEs

Singapore-based credit underwriting startup CrediLinq has secured US$2.6 million in a financing round co-led by 1982 Ventures and White Venture Capital.

500 Global, Sequoia Sprouts, Arkana Ventures, GK Plug and Play Indonesia, Sketchnote Partners, Boleh Ventures and EPIC Angels also joined.

The startup will use the new funding to accelerate product development, enter new markets, and expand its team to support its growing client base.

Established in 2021, CrediLinq uses artificial intelligence, machine learning, and data-driven credit models to generate the credit scores of small and medium enterprises (SMEs). CrediLinq provides embedded fintech solutions that enable one-click checkouts for B2B marketplaces, corporates and fintech companies.

CrediLinq offers two embedded fintech products — B2B PayLater and GMV Financing.

Also Read: 1982 Ventures closes debut US$20M seed-stage fintech fund

B2B PayLater allows buyers to perform one-click online payments to suppliers. The buyer gains access to credit terms to purchase supplies and inventory, while the seller receives payments immediately. This solution is embedded in their customers’ e-commerce platform with application programming interfaces allowing real-time credit health monitoring.

GMV Financing, on the other hand, allows sellers to offer credit to their B2B customers. The optimal financing amount is automatically determined using CrediLinq’s proprietary technology, which analyses transactions, credit history, and other alternative data sources. By enhancing risk models and making decisions more consistently, CrediLinq’s customers can also reduce the risk of non-performing loans (NPLs) by 10 to 25 per cent.

Deep Singh, Founder of CrediLinq, said: “As consumers, we no longer view digital payment capabilities as a “nice to have” — we now expect it at the checkout page of every online store. This experience is not common for B2B e-commerce, especially when it comes to extending payment terms and financing.”

“B2B PayLater for buyers and GMV Financing for sellers is how we’re helping companies bridge this online experience gap and delight their customers with a fast and frictionless e-commerce experience. The future of B2B payments and purchasing will be just like the current consumer experience, and CrediLinq is providing the core technology to accelerate this shift,” he added.

Scott Krivokopich, Co-Founder and Managing Partner of 1982 Ventures, commented: “Every business owner knows that the B2B purchasing experience still lags behind the innovation in B2C payments. As online B2B payments grow, the ability of a company to provide a seamless credit and payment experience at checkout determines its long-term success.”

Fundraising or preparing your startup for fundraising? Build your investor network, search from 400+ SEA investors on e27, and get connected or get insights regarding fundraising. Try e27 Pro for free today.

The post CrediLinq raises US$2.6M to enable one-click checkouts for Asian SMEs appeared first on e27.

Posted on

Governing your startup: What founders can learn from politics and vice versa

While founders typically must address many facets of their company, from the operations and technology to the talent and the infrastructure, one area they routinely overlook: politics.

Such an oversight makes sense. Technology and politics occupy two opposite ends of the spectrum in the public imagination. Startups are viewed as agile and innovative (i.e. as in Facebook’s former mantra to “move fast and break things”), while politics is viewed as glacially slow, stuck far too often to whatever the status quo happens to be.

Though they may represent different worlds, both have much to learn from one another, far more than is currently accomplished in the present. Some more prominent startups have government relations officers and similar positions, but these are few and far between. These roles also generally focus on the regulatory environment.

In truth, there is so much that the technology ecosystem can learn from politics, far beyond how to adhere to compliance and vice versa. This idea applies to individual startups, the broader tech ecosystem, and the political sphere.

High-profile intersections between startups and politics

Fortunately, several high-profile intersections between startups and politics over the last few years show us how this can be successfully done.

Also Read: Stripe, LinkedIn Co-Founders back Entrepreneur First’s US$158M Series C round

The first is client acquisition. Many b2b technology companies focus on acquiring enterprise clients, forgetting that government agencies are also enterprises, some even considerably larger (and with greater budget) than the private companies they primarily associate with the term.

Take, for example, the case of Multisys in the Philippines. Multisys had frequently served the government as a web and application developer, such as when they created StaySafe.ph, a contact tracing app for COVID-19.

Apart from the revenue such deals bring, this work also brings in an infusion of knowledge and experience: Creating enterprise-grade solutions for the government often demands the most stringent technical requirements, as it is the public good being served.

In line with this thinking, founders should more frequently view their local government agencies as potential customers for long-term projects and ad-hoc engagements. They are often stable clients, given that such budgets are set well before actual execution. They add to your expertise, credibility, and portfolio, which can apply to clients in the private sector.

Finding common ground between uncommon spheres

Startups and politics can have a deeper relationship than just vendor-supplier. One such example comes from Coexstar, a licenced cryptocurrency exchange in the Philippines, which recently inked a deal with First Shoshin Holdings Corporation, a venture capital firm in the country.

What’s notable about First Shoshin is that it’s led by Jack Ponce-Enrile and Sally Ponce-Enrile, who have a combined six terms as lawmakers.

Their background gives them the social capital and political know-how to navigate better the regulatory climate through which all high technology startups must tread. This skill is particularly necessary given that their joint venture targets the Web3 space.

Founders should similarly try to bring in more leaders into their organisation to navigate compliance environments better. This can be done at the individual level by hiring leaders with this background, whether as full- or part-time staff or even as a consultant.

Alternatively, this, like the Coexstar and First Shoshin example, can be done at the institutional level. Founders can strike deals in the form of joint ventures, subsidiaries, partnerships, and the like, where the collaboration brings in the requisite political capital.

Besides clients and collaborations, government agencies can more broadly help startups through business-friendly policies. Such arguably occurred when Gojek CEO Nadiem Makarim as Minister of Education, Culture, Research and Technology by President Joko Widodo in 2021.

Also Read: Why community building has replaced lean startup approach to lurk investors?

Though this mandate was broad, Makarim has been able to help the innovation community in the country, such as in his advocacy of ed-tech initiatives that make online learning more accessible for Indonesians.

Appointing former tech entrepreneurs to tech or tech-adjacent positions in government may seem like a no-brainer, but that has not always been the case.

Many regional governments have appointed career politicians to these positions rather than recruit entrepreneurs with the requisite domain expertise from the private sector.

Such should be a greater priority now that more and more of our lives are shaped by an increasingly complex network of technologies, guiding the way we buy, commute, learn, live, and more.

Final thoughts

Ultimately, I think it would benefit the startup community to look at itself as a niche business ecosystem and as one woven into the fabric of society, whose ties we can bind even more deeply through politics.

As former founders in public service, we need entrepreneurs with the political capital to innovate government services, navigate and shape regulatory environments as leading-edge tech companies, and even shape innovation from the top-down.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

Join our e27 Telegram groupFB community, or like the e27 Facebook page

Image credit: Canva Pro

The post Governing your startup: What founders can learn from politics and vice versa appeared first on e27.

Posted on

Gina Romero’s quest of unchaining women through AI and digital tasks

Portraying Gina Romero as tech-smart, business-savvy, down-to-earth, and a connector of people and ideas is too simplistic. There’s more to her than meets the eye.

“I often introduce myself as someone who has failed in business several times since the age of 16, not because I am proud of my mistakes but because I value failure as a catalyst for success. I have since dedicated my life to helping others succeed,” Romero writes on her blog site.

The only child of a former domestic helper grew up in the UK surrounded by overseas foreign workers just like her mom.

“My mum was one of the courageous pioneering OFWs (Overseas Foreign Workers) who went to the UK in the early 1970s to be a domestic worker. Growing up in the UK, I was surrounded by Filipinos who had left their kids home in the Philippines when they had to leave for overseas work,” says Romero, who speaks with a thick British accent.

It is not surprising that she is a staunch advocate of women empowerment in a field that she’s familiar with, technology, specifically in artificial intelligence (AI).

“Making sure that women have access to technology is a gamechanger. It allows us to bypass traditional career options. It creates opportunities that wouldn’t otherwise exist,” she says.

“Community, entrepreneurship and technology are at the heart of everything I do. I run many businesses and initiatives focusing on providing a platform for women to harness technology for success,” says Romero, who admits she was once a troublesome teenager and a college dropout.

Foray into technology

Romero’s foray into technology was accidental.

“I ended up in technology by accident. I did not incline anything technical until I met my husband, who has been passionate about technology since he was a young boy.

“Although I was a late adopter, I quickly realised that learning technology skills would create opportunities for me. As a high school graduate with supposedly limited prospects for success, technology has allowed me to self-educate, start businesses with little to no capital, amplify my advocacy and build my influence.”

Her mum met her British dad in the UK. They were married, travelled to the Philippines for Romero’s birth, and back to the UK when she was six months old.

Also Read: Breaking barriers and bias: How this VC empowers women to take the lead

She was 14 when her family decided to relocate to her mother’s provincial town in the Philippines, where her parents set up a family-run pig farm (her first job was raising pigs). When the cataclysmic 1991 Mount Pinatubo volcano eruption happened, the family’s business was one of the tragic casualties.

At 19, she returned to the UK, working in a currency exchange firm before joining British Airways as a long-haul cabin crew. She became a co-founding member of The Athena Network, a top referral network for women that started in 2005 in the UK and brought The Athena Network to Singapore in 2011.

Empowering Filipino women

In 2013 Romero co-founded Connected Women (CW), a Philippine-based startup social enterprise that believes technology can help women who had given up their careers to spend more time with their families by providing them with remote work opportunities.

CW runs a number of initiatives that provide technical skills training and online job matching. It has since received global recognition in the categories of inclusive innovation (Asia/USA), the future of work (UK), and e-employment (Switzerland).

The idea of empowering Filipino women came after she hired the family’s domestic helper when she moved to Singapore in 2010 with her husband and three sons. She was already working with women at The Athena Network, but the domestic helpers’ recurring narratives didn’t occur to her until she employed one in Singapore.

It suddenly hit her: for decades, work has been a sacrifice for Filipino women, with many needing to leave home to work overseas or choosing not to pursue a career to focus on raising their families.

“Connected Women was an aspiration—a vision. My idea was to solve the problems I spent my whole life questioning. Why do women need to choose between career or family? Why do so many Filipinos leave home to find decent work? Why do we need to be constrained within the hours of a working day or working week? What does it matter where we are when we work if we can do our work anywhere at any time? How do we create job opportunities for those who are deemed to be unemployable?

“These questions led to the idea of creating solutions. I was and continue to be inspired by many people doing fantastic work to solve these problems.

“There are so many that inspired my vision for Connected Women, but, in reality, a lot of hard work happens behind the scenes, and we’ve faced so many challenges. My Co-Founder Ruth Yu-Owen was the real catalyst behind Connected Women because she encouraged me to think bigger. She is the epitome of the “never-say-die” attitude, and I greatly respect and admire her.

“We started as a job matching platform for Filipina freelancers but were overwhelmed with the supply side. We had too many job seekers and not enough employers. Many who needed work were simply not skilled or experienced enough for such a competitive space.

“I was obsessed with solving that problem. How do you create tech-powered jobs for people with the most basic skills, connectivity and devices? How do we bring jobs to the masses and ensure they aren’t left behind in future work?

“I stumbled on the idea of impact sourcing and started putting together a business plan to pivot our original business to focus on this space. Then the pandemic hit, and the timing couldn’t have been better. We changed our business model to focus on upskilling and providing socially responsible outsourcing for the AI industry.”

Filipinos are hardworking, entrepreneurial, and resilient and are known for excellent creativity and customer service. These skills are in demand in the digital economy. The idea to create upskilling programs and opportunity matching for underprivileged women came from there. With increasing access to technology and connectivity, CW wants to make sure that no woman is left behind.

The challenge is that the barrier to entry can be high, and this space is competitive. The skills and experience needed to succeed are much harder for women from less advantaged segments to learn.

Romero continues, “We looked at the different industries that are fast-growing and in relatively early stages and found the AI industry was a good fit.

“Although a lot of the work in AI and Machine learning is highly technical, a huge amount of manual work is needed behind the scenes. This work is often carried out by invisible humans (humans in the loop) that handle large volumes of data that need tagging, categorising and cleaning.

“The work is simple but requires critical thinking skills, attention to detail and focus. And there are a lot of career growth opportunities for those who want to expand their knowledge and skills in this field.”

Nevertheless, someone is bound to cast doubt over CW’s underprivileged women AI tech capabilities. Romero is unperturbed because most clients they speak to are very receptive to what CW represents. Impact sourcing or socially responsible outsourcing is becoming something businesses are looking for. CW clients are aligned with its mission to empower women and can see the value that CW brings.

Most importantly, CW ladies are steady, stable and dedicated workers who need to earn to support their families. So this is more than just a job for them. It’s a chance, or sometimes a second chance they never thought they would have.

Upskilled underprivileged women

Jane* left her job as a pharmacy assistant at a local drugstore chain for two reasons: she had a newborn baby and COVID-19.

Also Read: Women in tech: It’s time to reframe the conversation

She joined CW’s data annotators pool in 2021 and has been a high-performing team member for CW’s image annotation projects, including a US Silicon Valley client, a local data science company and a local telco.

Jane earns an additional PHP 5,000 a month as a part-time data annotator working from home, which helps augment their family income to cover their daily needs. Moreover, her flexi-time makes it easier to take care of her family. She has two kids, and her husband works as a software engineer.

Rita* worked full-time in customer service-related jobs for almost 18 years. In May 2018, she stopped working to care for her son, who was diagnosed with Class III Primary Complex. The pandemic made it difficult for her to find a job because she needed to look after her son. She heard about CW’s Elevate AIDA (Artificial Intelligence Data Annotation) program. She saw an opportunity to get a part-time job, continue to learn and meet new people while staying home with her son. Needless to say, she applied.

“With free training provided by Elevate AIDA helped me develop my skills more and gives me hope that I can be part of the project. I feel blessed that I was able to be part of AI Projects. It is comforting for us mothers to get jobs in the comfort of our homes. It gives us earnings to provide for our family needs.” She started part-time work as an annotator at the end of 2020 and, in June 2021, became a full-time team member at CW, earning PHP 25,000 a month.

“I was able to pay some debts since my husband’s salary is not enough to pay for everything we need. It’s a great help for both of us to have jobs to have a comfortable living,” shares Rita, who now shares CW’s mission to empower women.

On the gender bias that men are better than women in technology

 GR: While I’m not an expert, I subscribe to the idea that every individual has both brain preference and competence. My opinion is that preference is the mother of motivation. We are motivated by what we prefer, so finding work that you enjoy means you will eventually be better at it.

With my team, I always want to know what type of work they prefer, as opposed to what they are good at. It’s easier to build competence in the things we enjoy than to learn to love something we happen to be good at.

While we continue to see gender imbalance in specific fields, I believe this is more related to perception after being exposed to decades-old biases. To this day, I still hear parents or grandparents declaring that certain toys or activities are “for boys” or “for girls”. This continues to contribute to gender inequality. If we want to create a more equitable future, we need to be more conscious of the biases that we put out there.

On breaking the glass ceiling

 GR: I can’t honestly say that I relate to the concept of a glass ceiling – not to my work, at least. As someone who hasn’t spent time in the corporate world, the term was alien to me until I moved to Singapore and met many women in successful, high-pressure corporate careers.

I’m always amazed by what these women have achieved in their fields, pushing back against workplace biases and reaching the top of their game despite these challenges.

I don’t see myself like that. In fact, I recently surprised someone by referring to myself as an underachiever. I measure my success on the impact I create, and everything else is tied to that.

But I think of myself as an innovator, a problem solver and an entrepreneur. Innovation – in particular, the idea of inclusive innovation fascinates me. I believe inclusive innovation is the answer to solving the world’s wicked problems.

Also Read: Unstoppable pioneers of Web3: 16 women spearheading the change

I put great value on the influence I’ve gained from over 15 years of advocating for women’s empowerment through technology in the UK, Singapore and now back home in the Philippines. I value it because I’ve earned it.

On her inspirations

 GR: Aidha in Singapore was a huge inspiration to me, particularly Veronica Gamez, the CEO at the time. Their work on breaking the cycle of poverty for domestic workers challenged me to do more for Filipino women.

Chef Benny Se Teo, who employs formerly incarcerated people in his restaurants to give them a second chance, made me realise the importance of creativity in business and that all businesses can and should make a profit and do good.

Undeniably, there’s more to Romero than meets the eye. Indeed, “inclusion” is deeply embedded in her DNA. It manifests in everything she does. Just look at CW’s numbers so far: 75,000+ community members, 17,000+ attendees of its global meetups, and nearly 9,000+ job applicants ready for matching. And that’s just the tip of the iceberg.

This story first appeared on weeklysparks.com on March 18, 2022

*not their real names

Editor’snote: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

Join our e27 Telegram groupFB community, or like the e27 Facebook page

The post Gina Romero’s quest of unchaining women through AI and digital tasks appeared first on e27.

Posted on

Where is the future of NFTs and metaverse heading towards?

Beyond blockchain and cryptocurrencies, the tech industry has been buzzing about NFTs and the Metaverse. Non-fungible tokens (NFTs) have skyrocketed in popularity, becoming one of the most dynamic and prominent parts of Web3 over the last two years, while the metaverse has steadily gained mainstream popularity amongst businesses and consumers alike.

The two terms are often coined together, as NFTs are said to be the key that is driving the metaverse. The question is: where are we now and what happens next?

The explosive growth of NFTs

NFTs have experienced an exponential surge in transaction volumes, users, and the number of active NFT collections. According to Chainalysis’ State of Web3 report, collectors have sent over US$37 billion to NFT marketplaces in 2022 (as of May 1), putting them on pace to beat the total of US$40 billion sent in 2021. The movement was so significant that Collins Dictionary named NFT word of the year for 2021. 

NFT activity tends to ebb and flow with marketplaces experiencing growth, downturns and recoveries throughout the year depending on user demand and global trends. As shown in Chainalysis’ research, transaction volumes fluctuate from month to month. 

However, amidst fluctuations in transaction volume, there is still a progressive increase in the number of active NFT buyers and sellers in the marketplace, where the number of active NFT buyers and sellers increased every quarter from Q2 2020 onwards, before dipping in Q2 2022. The number of active NFT collections on OpenSea has also grown consistently since March 2021, reaching above 4000, as of late April 2022.

Utility of NFTs, real estate and gaming in the metaverse

NFTs allow individuals to have entire ownership of digital assets such as audio, images, video, and even real estate within the metaverse, where individuals can sell or buy items and transfer them to the Metaverse or over the Internet. 

The immense growth seen in NFTs is not exclusive to the digital space. For artists, brands, and gamers, the metaverse is a living reality. For example, Travis Scott’s Fortnite concert was attended by 27 million; JP Morgan just signed a yearlong virtual property lease; the Vatican is opening a non-fungible art gallery.

This swift adoption is a testament to the metaverse’s current and future utility, and it’s reflected in virtual real estate pricing. As reported by Chainalysis, from September 2019 to March 2022, blockchain-based virtual real estate prices grew by 879 per cent while real estate prices grew by 39 per cent.

The nascent nature of the metaverse space leaves the long-term value of blockchain-based VRE reliant on present-day and prospective utilities, such as access to private events and exclusive communities, which has been a big driver of NFT demand to date, and it looks to be translating into the sales of virtual real estate.

Also Read: The power of paid communities and NFTs

Bored Ape Yacht Club, for example, has always bundled its NFTs with entertainment, socialisation and digital community and has since been able to parlay that appeal into a sale of metaverse real estate amounting to US$310 million.

How will the new digital realm encourage mass adoption?

Interoperability will be key to the future of the metaverse. It remains to be seen whether companies interested in the space will build out their metaverse(s) in a fashion that is interoperable with current metaverse projects and blockchain technology.

However, there is at least one early indication of a more blockchain-compatible future: Epic Games’ acceptance of crypto games in its game store. While this has limited import to metaverse projects today, it’s extremely important to blockchain gaming, an industry with very similar commitments and aims.

This gaming industry will thus pave the way for other industries to hop on board the metaverse bandwagon and develop similar blockchain-based metaverse projects.

With a more cohesive system of exchanging information and resources, interoperability will also propel the adoption of new computing technologies, such as virtual reality (VR). Blockchain-based metaverse projects stand to benefit immensely from the adoption of VR technology.

The more immersive and life-like the virtual experience, the more likely it is for NFT-based ownership to feel tangible to users. The faster VR technology grows, the better it is likely to be for metaverse land offerings. As it stands, the revenue generated from VR-based gaming is growing rapidly, where VR gaming revenue experienced a compound annual growth rate of 28.5 per cent from 2017 to 2021.

The metaverse is fast approaching. Virtual real estate now offers real-world utility; VR technologies are coming closer to reality, and blockchains are imbuing digital ownership with meaning. NFTs lie at the heart of the intersection of these trends.

For NFTs to recapture the broad public interest they achieved in late 2021 and to become important instruments for redefining asset ownership in the metaverse, their value will be dependent on more utility, and not just collectibility.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic

Join our e27 Telegram groupFB community, or like the e27 Facebook page

Image credit: Canva Pro

The post Where is the future of NFTs and metaverse heading towards? appeared first on e27.