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Holodecks for real? Andreessen Horowitz bets $68M on Sandbox VR
Sandbox VR Inc., a virtual reality startup that makes entertainment venues where people can experience highly immersive entertainment, announced today the company raised a hefty $68 million in early-stage funding. Business Insider reported that the Series A round was led by Andreessen Horowitz General Partner Andrew Chen and joined by Mike Maples from Floodgate Fund LP, Stanford University, ...
RealBlocks blockchain real estate startup gets $3.1M in seed funding
Blockchain-based real estate platform RealBlocks announced today that the startup raised $3.1 million in a seed round to build seamless investment and fundraising by “tokenizing” properties. RealBlocks operates by providing access to private equity in real estate properties by turning them into tradable securities based on blockchain assets that represent microshares. The process, the company ...
U.K.-based AR firm Blippar finds new life in acquisition by Candy Ventures
The seemingly doomed United Kingdom-based augmented reality and computer vision startup Blippar.com Ltd. has been rescued by one of its primary investors, Candy Ventures Ltd., run by property tycoon Nick Candy. Launched in 2011, Blippar raised more than $130 million as of its last funding round and was once valued at more than $1.3 billion. ...
Augmented reality social app plans to ‘open doors’ with 360-degree photo sharing
Augmented reality app developer Winsche Studios announced today the upcoming launch of the startups’ AR social media app doRRtal, which will feature the ability to take 360-degree photos and share them with friends. This new AR approach will allow users to view fully immersive 360-degree photos on their mobile devices and AR headsets that their ...
World Wildlife Fund launches blockchain to build trust in ethically sourced food
The environmental group World Wildlife Fund announced late Wednesday the launch of a blockchain distributed ledger platform that will help food businesses remove illegal, environmentally damaging and unethical products from their supply chains. The platform, dubbed OpenSC, would create transparency between customers and businesses, allowing the general public to discover the full history of a ...
Ford joins IBM in blockchain pilot to track cobalt mined in Congo
Automaker Ford Motor Co. announced Tuesday that the company will use IBM Corp.’s blockchain-based platform to track cobalt sourced from a Chinese-owned mine in Congo to its electric car battery manufacturing plants. The objective of the partnership is to create better tracking for sourcing the mineral to ensure that it is being ethically mined by ...
Blockchain-based fast identity verification startup Authenteq raises $5M
Berlin- and Reykjavik, Iceland-based identity management startup Authenteq Ltd. today announced that it has closed a $5 million funding round in just two weeks. This funding represents the first close of two in the company’s Series A round led by Draper Associates and Capital300 GmbH. The latest round brings the total invested in Authenteq to $7 ...
China passes strict blockchain regulations requiring more government scrutiny
The Chinese government announced today that companies using distributed ledger blockchain technology in the country must adhere to strict new regulations requiring them to censor content, allow authorities access to data and identify users. The new regulations go into effect on Feb. 15, and will be enforced by the Cyberspace Administration of China. The CAC ...
Alipay and Telenor launch blockchain cross-border payments between Pakistan and Malaysia
Telenor Microfinance Bank Ltd. and Valyou Sdn Bhd, a remittance company and subsidiary of Telenor Group, today announced the launch of a distributed ledger blockchain-based payment platform. The cross-border platform, based on the Alipay platform developed by Ant Financial Services Group, is intended to make it faster and easier for Pakistanis living in Malaysia to ...
Nuggets and Lateral Pay bring blockchain-based identity services to merchants
Blockchain-powered decentralized digital identity and payments company Nuggets Ltd. Thursday announced a partnership with Lateral Payment Solutions Ltd. to integrate a distributed ledger identity solution for merchants to allow them to avoid usernames and passwords. Using a distributed ledger blockchain, Lateral Pay will be able to offer merchants the ability to interact with customers without the ...