Kyt Dotson
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Google unveils a modern delivery platform for streaming media at scale with Media CDN
In response to the increasing growth of the cloud streaming industry, Google LLC today announced the general availability of Media CDN, a content distribution platform that can handle the delivery of immersive media at a massive scale. Using Media CDN, media and entertainment customers will be able to deliver streaming experiences across the globe. It ...
Polygon launches blockchain ‘Supernets’ with $100M in Web3 developer grants
Ethereum scaling solution Polygon today unveiled a new dedicated network for blockchain hosting called “Supernets” and announced a $100 million fund to encourage developers to use the technology. Polygon is what is known as a Layer-2 scaling solution that provides developers infrastructure on top of the popular Ethereum blockchain to reduce transaction times and costs ...
Decentralized identity startup Spruce raises $34M led by a16z
Spruce Systems Inc., a single-sign-on decentralized identity startup for Web3, announced Wednesday that it has raised $34 million in early-stage funding led by Andreessen Horowitz to allow people to break away from centralized big tech platforms such as Meta and Google. The Series A funding round was also joined by Okta Ventures, SCB 10X, Robot ...
Canonical Ubuntu 22.04 release increases cloud security and compliance
Linux software company Canonical Ltd. today announced the release of a new version of Ubuntu Linux that includes features for cloud security, real-time industrial applications and enterprise compliance. Ubuntu offers the most popular Linux operating system on public clouds with 100,000 virtual machines launched every day, which comes out to more than 40 billion VM hours ...
Coinbase NFT marketplace with social networking is now live in beta
Cryptocurrency exchange Coinbase Inc. today announced the long-awaited launch of its social marketplace for nonfungible tokens called Coinbase NFT, which will allow anyone to view the market and make it available to a select number of customers to buy and sell NFTs. The marketplace is now available in beta test mode after being announced in ...
Blockchain platform BlockApps raises $41M to build enterprise-grade infrastructure
BlockApps Inc., an Ethereum-based blockchain platform focused on enterprise-grade infrastructure, today announced it has raised $41 million in new funding led by Liberty City Ventures to expand the development of its ecosystem and business solutions. The funding round was joined by new investors Morgan Creek Digital, Eidetic Ventures and Givic. Existing investors ConsenSys, Bloccelerate, Fitz ...
How Meta is using AI to focus on more sustainable technology
Meta Platforms Inc., formerly Facebook, which has been working to use machine learning technologies to combat climate change and increase the efficiency of industrial systems, today outlined a number of approaches it’s taking using artificial intelligence to tackle these issues and develop elegant engineering solutions. The Open Catalyst Project represents one of these initiatives, a partnership ...
Oasis.app raises $6M to expand Web3 decentralized finance platform
Oasis.app, a decentralized finance platform that allows users to borrow, exchange and earn on their cryptocurrency assets, said Thursday that it has raised $6 million in an early funding round led by Libertus Capital. The Series A funding round included crypto-focused investor Road Capital and was received in both cash and cryptocurrency. Oasis.app provides a ...
Elon Musk offers to buy Twitter for $43B but its board fights back
Updated Tesla Chief Executive Elon Musk tendered an offer to buy Twitter Inc. today mere days after he turned down a seat on the social media giant’s board of directors. “I made an offer,” Musk (pictured) announced in a tweet, citing papers filed with the Securities Exchange Commission on Wednesday. According to the filing, Musk ...
Meta plans to take a 47.5% cut of metaverse items sold in Horizon Worlds
It looks like creating metaverse items in Meta Platforms Inc.’s Horizon Worlds won’t be as lucrative as it seemed after the company revealed that it will be taking a 47.5% cut from digital asset sales. Meta initially announced its intent to monetize items in its virtual world app in a blog post on Monday. That ...