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Bruce B. Dec 21, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Polygon Co-Founder, Sandeep Nailwal, has launched a Web3 startup accelerator, called Beacon. The NYC-based accelerator said it will support early-stage crypto projects through mentorship and financing.





Beacon is part of Nailwal's Symbolic Capital, a crypto venture capital firm he launched in August with a $50 million fund. "We’re creating Beacon because, as a network of Web3 founders and operators ourselves, we’re 100% committed to this idea of bringing the next one billion users into this space.





"Our ultimate goal is to build the greatest network of web3 founders in the world," Nailwal said. "Having gone through an accelerator before, I found that the greatest resource in any accelerator is the other founders going through the program alongside you. We think that as our alumni network grows, the overall quality of projects being built in web3 will increase as founders help each other find success."





The accelerator’s first remote-first, 12-week cohort kicked off in October with more than 30 founders from 15 companies across decentralized finance (DeFi), infrastructure and consumer applications.





Beacon hopes to stand out from other accelerators by building in-house software that can connect founders and investors. Beacon has already built a custom platform for potential investors to review projects, learn more about founders, view video pitches and request introductions.





On the founder side, Beacon is working on a social network to help founders and alumni stay connected. Beacon’s inaugural program will end with a live-streamed Demo Day in January where founders will pitch to more than 300 Web3 investors. Beacon aims to create the next 100 web3 unicorns.





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Bruce B. Dec 20, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Chief operating officer and president of video game giant Activision Blizzard, Daniel Alegre, will join NFT leader Yuga Labs as its new CEO, according to a report.

Effective in the first half of 2023, Alegre will replace the company’s current CEO Nicole Muniz, who will stay on as a partner and strategic advisor to the company.

"Daniel has held one of the highest level roles at one of the largest gaming companies in the world,” Wylie Aronow, Yuga Labs co-founder, said in a statement.

"He brings valuable experience across entertainment, e-commerce, and global strategic partnerships — all of which are critical aspects of an immersive web3 world built by creators and for creators."

Formed in April 2021 with the release of the Bored Ape Yacht Club non-fungible token (NFT) collection, Yuga Labs is one of the most well-known players to have emerged from the NFT boom.

In March, Yuga acquired two other popular NFT collections, Crypto Punks and Meebits. It also closed a $450 million funding round led by a16z. Yuga Labs reached a valuation of $4 billion. With the raise, the company also announced plans for a “gamified metaverse” project called Otherside.

“The company’s pipeline of products, partnerships, and IP represents a massive opportunity to define the metaverse in a way that empowers creators and provides users with true ownership of their identity and digital assets,” Alegre stated in a blog post.

#partnerships5 #opportunity2 #entertainment8 #opportunity1 #opportunity0 #activision #intellectual7 #partnerships4 #nonfungible4 #nonfungible #nonfungibletoken #partnerships9 #partnerships3 #opportunity8 #opportunity7 #nonfungible3 #nonfungible2 #entertainment7 #partnerships2 #partnerships8 #confidential7 #entertainment6 #confidential6 #partnerships7 #partnerships1 #entertainment5 #experience #entertainment4 #partnerships0 #opportunity6 #partnerships #collection #opportunity5 #confidential5 #confidential4 #opportunity4 #confidential3 #confidential2 #intellectual6 #entertainment3 #intellectual5 #intellectual4 #entertainment2 #confidential1 #entertainment1 #intellectual3 #confidential0 #confidential9 #opportunity3 #intellectual9 #nonfungible1 #intellectual8 #confidential #nonfungible6 #confidential8 #opportunity #partnerships6 #intellectual2 #entertainment #nonfungible0 #entertainment0 #intellectual1 #intellectual0 #intellectual #entertainment9 #nonfungible5 #opportunity9

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Bruce B. Dec 20, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Banking giant JP Morgan has signed a deal to buy a 48.5% stake in the payments fintech Viva Wallet for more than $800 million dollars.

JP Morgan announced in January of 2022 that it had agreed to acquire a stake in the Athens-based Viva Wallet company.

The stake is to be acquired from Viva Wallet’s minority shareholders, including the Latsis family office, which holds about 13% of the firm, British fund Hedosophia with about 24% and Deca Investments with about 10%.

POS providers have been racing to provide more services and features to stand out as their industry becomes increasingly competitive.

Many of the offerings that were once an advantage — integrating across ordering channels, kitchen display system compatibility, digital wallet acceptance and so on — have become table stakes, such that providers are now looking to offer increasingly specific solutions.

Cloud-based Viva Wallet, which operates in 23 countries across Europe, provides card acceptance services through its POS application, add-on Google play devices and advanced payment systems in online stores.

#competitive5 #investments6 #applications4 #integrating4 #investments5 #investments4 #investments3 #shareholders5 #pointofsale #pointofsale2 #pointofsale1 #competitive4 #applications1 #competitive3 #competitive2 #investments2 #applications0 #shareholders4 #integrating3 #integrating2 #shareholders3 #investments1 #integrating1 #shareholders2 #shareholders #competitive1 #pointofsale0 #integrating0 #hedosophia #investments9 #investments #shareholders9 #shareholders1 #competitive0 #shareholders0 #applications9 #investments0 #applications8 #competitive #applications7 #applications3 #competitive9 #integrating9 #shareholders8 #integrating #applications6 #applications5 #shareholders8 #shareholders7 #shareholders6 #competitive4 #competitive8 #competitive7 #cloudbased #applications2 #integrating8 #investments8 #acceptance #investments7 #applications #confidential #competitive6 #integrating7 #integrating6 #integrating5

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