Startups

There are a number of ways to make money in the metaverse by participating in play-to-earn games, buying virtual real estate or creating 3D assets on metaverse platforms like Roblox, AltspaceVR and VRChat. A South Korean 3D modeling software developer called Tripolygon enables metaverse creators to

The use of cryptocurrency in sub-Saharan Africa, particularly among its young people, cannot be overstated. Data from blockchain intelligence firm Chainalysis says the region’s crypto usage grew 1,200% last year, making it the third-fastest growing cryptocurrency economy. But despite the prol

A much-anticipated market downturn may finally be here, and investors have been preparing for it by diversifying their portfolios away from the traditional stock and bond holdings, and into alternative assets such as collectibles. Thanks to tech companies such as Masterworks (physical art), Vinoves

Traditionally, cybersecurity has always focused on what can be hacked and not so much on who might be most at risk. Sunday Security, which is launching today and announcing a $4 million seed funding round, is trying to switch this up by offering cyber-risk protection for senior executives and other

Last year, Airbnb CEO Brian Chesky said that the single-biggest challenge for the company was thinking like a startup, despite Airbnb’s tremendous growth over the last decade. The pandemic, he said, spurred the need to simplify and focus to survive. Since, Airbnb has put out hundreds of new f

When it comes to commerce innovation, physical retail often feels like it gets the short end of the development stick against newer, faster-growing, more quantifiable (and still far from perfect) digital channels. But physical retail is far from disappearing altogether, and today a company thatR

  Mobile penetration in Africa is growing impressively at about 46% as more people come online for the very first time. In turn, this has increased the market opportunity for startups, especially fintechs and e-commerce, which try to provide various solutions to meet the financial needs of the

VC firm Educapital recently announced that it has reached the first close of its second fund. The team has already secured $105 million (€100 million) and now wants to reach $160 million (€150 million) to invest in edtech startups as well as companies working on the future of work. I caught up

Mylerz, a Cairo-based e-commerce fulfillment startup, plans to enter three new markets in North Africa and expand across Egypt over the next three months against the backdrop of the $9.6 million funding it has just secured. The startup also has its eyes on the growing e-commerce market in East Afri

Canoo’s first-quarter earnings shows a company burning through cash, no near-term revenue and a warning that it may not have enough money to stay in business. Shares of Canoo, which were down 5% Tuesday, fell another 17.5% in after-market trading following the release of its earnings. It has

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. It is Tuesday the 10th of May, and the end of an era as Apple officially retires the iPod after a 20-year run of swinging our tushes, white earbuds dangling agains

Electric vehicle startup Canoo has filed suit against one of its largest shareholders, demanding that the firm pay back more than $61 million in “short-swing profits.” The short-swing profit rule states that company insiders, like large shareholders, must return profits realized from bu

Faire, which has built a marketplace connecting retailers to indie brands globally, has raised a $416 million extension to its Series G financing, more than doubling the size of the round, the company confirmed to technewss today. With the additional capital, Faire is now valued at $12.59 billion

In a world where Twilio exists, you wouldn’t dream of standing up your own SMS messaging stack across 193 countries and god-knows how many telcom operators. The situation for machine learning (ML) isn’t entirely dissimilar; unless ML is core to your software — and it probably isn&