‘Web3 is not the web at all’: Tim Berners-Lee
Tim Berners-Lee, who is credited with inventing WWW in 1989, said that he doesn’t view blockchain as a viable solution for building the next iteration of the internet.
Indonesian fintech firm KoinWorks lays off 70 employees
This is due to an internal reorganisation to ensure the firm can continue being “responsive to users’ needs”; Earlier this year, KoinWorks secured US$108M Series C consisting of equity and debt capital.
MoneySmart to list on SGX via a US$161.7M reverse takeover deal with APS
The financial comparison platform anticipates rapid growth through investments in its membership and rewards programmes; MoneySmart will also invest significantly in its new insurance brand Bubblegum.
Singapore’s digital health platform Speedoc raises US$17.5M
The investors include Vertex SEA & India, Shinhan Venture, and Xyris; In 2020, the company closed a US$5M Series A round led by Vertex; Speedoc operates as a virtual clinic and hospital care provider.
Purpose Venture Capital scores US$10M
The Singaporean VC firm will invest US$1M each in sustainable tech startups; The firm invests globally with a focus on SEA-based startups; Its portfolio companies include Zumvet, Igloocompany, and HydraX.
Meta eyes large-scale layoffs this week
The announcement marks the first time Meta CEO Mark Zuckerberg has made mass headcount cuts since Facebook’s establishment in 2004; As of September, Meta had over 87K employees.
Indonesia beauty startup Base secures US$6M funding
The investors include Rakuten Ventures, Antler, East Ventures, Skystar Capital, and Pegasus Tech Ventures; The D2C beauty and wellness startup is expanding its omnichannel distribution to spread across Indonesian cities.
AI-powered AAA Web3 game Delysium nets US$10M funding
The investors include Immutable, GSR, Blockchain Coinvestors, and Leonis Capital; Delysium will use the money to develop the content and build Delysium Multiverse, an open-source operating and publishing network on the blockchain.
Temasek-backed EvolutionX to invest in PharmEasy parent
The debt financing platform made its maiden investment in PharmEasy parent API Holdings; API has over 6M transacting users, 150,000+ active pharmacies and over 1.8K hospitals.
Animoca Brands CEO: ‘There is no metaverse without Web3’
You need to have that transaction layer so that you have interoperability between content, and you can bring it from place to place, said Robby Yung; In his view, the metaverse means many things to many people.
Binance moves to liquidate its entire position in FTX tokens
The decision follows weeks of criticism directed at FTX’s founder and CEO, Sam Bankman-Fried, for regulatory proposals he put forth in a blog post which recommended restrictions regarding DeFi.
Litecoin mining difficulty is hitting new highs, foundation says
It peaks at just under 18M hashes, according to a post by the Litecoin Foundation; Mining difficulty measures the average number of hashes required to “solve” a block.
Book Excerpt: What Google, Facebook did to grow from zero to 1,000
In her new book From Zero to 1,000, Anne Caron explains the importance of human capital to these tech giants’ success.
Meatiply develops cultivated meat products with a focus on Asian cuisines
An A*STAR spin-off, Meatiply obtains cells from livestock animals like chicken and uses regenerative biology to grow these cells into meat.
Elon Musk wants to eradicate Twitter bots: How blockchain can ease the process
Musk’s wish to eliminate bots and false profiles from Twitter, as well as his insistence on user verification, is very honourable.
Meta eyes large-scale layoffs this week
The announcement marks the first time Meta CEO Mark Zuckerberg has made mass headcount cuts since Facebook’s establishment in 2004; As of September, Meta had over 87K employees.
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The post Ecosystem Roundup: KoinWorks lays off 70 staffers, MoneySmart to list on SGX, Tim Berners-Lee says Web3 isn’t web at all appeared first on e27.