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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

https://youtu.be/Fp3Njj2xoTc
 
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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

https://youtu.be/yBqhdtJ4bSI
 
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Fabian P. L. Dec 19, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
During its meeting on 16 December 2022, the Federal Council discussed open finance developments in Switzerland.
It has instructed the Federal Department of Finance (FDF) to submit measures to it by June 2024 in the event that the financial sector does not sufficiently commit to opening up its interfaces.

#openfinance #openbanking #innovation #api #connection



https://fintechnews.ch/open-banking/swiss-government-plans-to-promote-open-finance-in-2024/57392/

Swiss Government Plans to Promote Open Finance in 2024 - Fintech Schweiz Digital Financ...

the Federal Council discussed open finance developments in Switzerland. It has instructed the Federal Department of Finance (FDF) to submit measure...

 
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