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- What the NFT? VC David Pakman dumbs down the digital collectibles frenzy and why it’s taking off n...
Non-fungible tokens have been around for two years, but these NFTs, one-of-one digital items on the Ethereum and other blockchains, are suddenly becoming a more popular way to collect visual art, primarily, whether it’s an animated cat or an NBA clip or virtual furniture. “Suddenly” is hardly an overstatement. According to the outlet Cointelegraph, during the second half of last year, $9 million worth of NFT goods sold to buyers; during one 24-hour window earlier this week, $60 million worth of digital goods were sold. What’s going on? A thorough New York Times piece on the trend earlier this week likely fueled new interest, along with a separate piece in Esquire about the artist Beeple, a Wisconsin dad whose digital drawings, which he has created every single day for the last 13 years, began selling like hotcakes in December. If you need evidence of a tipping point (and it is… ..... Read More.23 hours ago - Monsters, mania and the unstoppable march of Pokémon
Several waves of Pokémania have swept the globe, keeping this lucrative franchise relevant for 25 years. ..... Read More.24 hours ago - Ros Atkins on… Is Facebook too powerful?Ros Atkins looks at the consequences of Facebook's power on events in Myanmar, Washington DC and Australia. ..... Read More.1 day ago
- Daily Crunch: Facebook launches rap app
Facebook unveils another experimental app, Atlassian acquires a data visualization startup and Newsela becomes a unicorn. This is your Daily Crunch for February 26, 2021. The big story: Facebook launches rap app The new BARS app was created by NPE Team (Facebook’s internal R&D group), allowing rappers to select from professionally created beats, and then create and share their own raps and videos. It includes autotune and will even suggest rhymes as you’re writing the lyrics. This marks NPE Team’s second musical effort — the first was the music video app Collab. (It could also be seen as another attempt by Facebook to launch a TikTok competitor.) BARS is available in the iOS App Store in the U.S., with Facebook gradually admitting users off a waitlist. The tech giants Atlassian is acquiring Chartio to bring data visualization to the platform — Atlassian sees Chartio as a way to really take… ..... Read More.1 day ago - Astra awarded NASA launch contract for storm observation satellitesAstra, the Alameda-based space launch startup that recently announced its intent to go public via a SPAC merger, has secured a contract to deliver six cube satellites to space on behalf of NASA. Astra stands to be paid $7.95 million by the agency for fulfilment of the contract. This will be a key test of Astra’s responsive rocket capabilities, with a planned three-launch mission profile spanning up to four months, currently targeting sometime between January 8 and July 31 of 2022. The satellites are for NASA’s Time-Resolved Observations of Precipitation Structure and Storm Intensity with a Constellation of SmallSats (TROPICS) mission, which is a science mission that will collect data about hurricanes and their formation, including temperature, pressure and humidity readings. Like the extremely long, tortured-for-an-acronym name of the mission suggests, the data will be collected using a small constellation of satellites, each roughly the size of a shoebox. … ..... Read More.1 day ago
- Salesforce delivers, Wall Street doubts as stock falls 6.3% post-earnings
Wall Street investors can be fickle beasts. Take Salesforce as an example. The CRM giant announced a $5.82 billion quarter when it reported earnings yesterday. Revenue was up 20% year over year. The company also reported $21.25 billion in total revenue for the just closed FY2021, up 24% YoY. If that wasn’t enough, it raised its FY2022 guidance (its upcoming fiscal year) to over $25 billion. What’s not to like? You want higher quarterly revenue, Salesforce gave you higher revenue. You want high growth and solid projected revenue — check and check. In fact, it’s hard to find anything to complain about in the report. The company is performing and growing at a rate that is remarkable for an organization of its size and maturity — and it is expected to continue to perform and grow. How did Wall Street react to this stellar report? It punished the stock with… ..... Read More.1 day ago
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