Whether you’re just stepping into Web3, or you’ve been busy paving roads for a while now, there’s no denying that it’s a vast and often confusing place to be. “We are literally rethinking everything from the ground up,” Colette Grgic, Head of Startup Ecosystem, AU & NZ for AWS said at the recent Startups in… Read more »
Brisbane startup Reputation DAO, which is looking to help decentralised finance (DeFi) platforms address reputation in order to reduce the collateral required for borrowing, has raised a US$4.75 million (A$6.72m) seed round. The startup was backed by Sydney VC AirTree Ventures, DACM, Koji Capital and Framework Ventures. Reputation DAO is building the fundamental infrastructure, powered… Read more »
A global team of researchers, including from Monash University, have developed a new algorithm that will enable building more resilient, efficient, and faster blockchains. The algorithm is a new Byzantine Fault Tolerance (BFT) consensus protocol, which is used to overcome faults and avoid system failures, especially in blockchain applications. The higher the fault tolerance the… Read more »
It has been nearly a year since I last addressed Blockchain Australia Week. When I made that address, I announced that the Select Committee which I Chaired – then called the Senate Select Committee on Financial Technology and Regulatory Technology – would be extended under new Terms of Reference. These Terms of Reference would focus… Read more »
Australian DeFi startup Tiiik has raised $5.2 million in a Seed round backed by some leading fintech founders, including Zip’s Larry Diamond. The raise was co-led by Global Founders Capital and FinTech Collective, supported by DACM, B Digital, Decision Tree Capital, Investible, LedgerPrime, Ox Ventures, Athena Ventures, Double Peak, Valhalla Capital, Parsiq, Gate.io, NxGen and… Read more »
Redbelly Blockchain, an Australian blockchain developed by the University of Sydney and CSIRO, has spun out as a commercial enterprise, Redbelly Network, in a joint venture with blockchain venture studio Block8. Redbelly, unveiled in 2018 as the world’s fastest blockchain, says it is now also significantly safer and more corruption-proof than other blockchains in commercial… Read more »
An Australian-made decentralised autonomous organisation (DAO) is hoping to re-shape the music industry for Web3 by giving independent musicians more transparency and control over how they get paid for their art. MODA DAO is a not-for-profit foundation looking to build a modern music ecosystem using blockchain technology. The associated coin MODA landed on distributed exchange… Read more »
A world-first Australian event delving into the emerging space of non-fungible tokens (NFTs) is being held online this Thursday, September 30. NFT Fest features more than 45 speakers from across Australia and the world with a range of panel discussions and debates about developing and delivering NFT technology solutions and the potential for startups, marketplaces… Read more »
Sydney gaming startup Immutable is hoping to become the world’s leading trading platform for non-fungible tokens (NFTs) after raising $82 million in a series B. The business, founded by brothers James and Robbie Ferguson, in 2018, already has a reputation for its NFT games, Gods Unchained and Guild of Guardians and earlier this year launched… Read more »
Sydney gaming startup Immutable has raised A$82 million to ramp up its Ethereum-based trading platform in non-fungible tokens (NFTs). The round was co-led by California’s BITKRAFT Ventures and Sydney’s King River Capital. Other backers include AirTree Ventures, Prosus Ventures, Galaxy Interactive, Fabric Ventures, FTX, Reinventure, Apex Capital, and VaynerFund. The raise comes two years after… Read more »
Project Dunbar will develop prototypes for shared platforms that will enable international settlements with digital currencies issued by multiple central banks. A blockchain-based system will hopefully cut transaction costs and times. The results will feed into plans for global and regional platforms and the G20 roadmap on better cross-border payments. The Reserve Bank of Australia… Read more »
YBF Melbourne has appointed a blockchain expert-in-residence to help startups better understand the potential of distributed ledger technology. Karen Cohen, deputy chair of the Blockchain Australia Board, has taken on the role, and when the city’s latest lockdown hopefully lifts soon, she’ll be based at the Melbourne CBD co-working facility, where she will offer advice, introductions,… Read more »
Digital currency exchange Binance Australia has appointed Leigh Travers, the former CEO of ASX-listed blockchain company DigitalX, as its new Executive Officer. Travers spent seven years at DigitalX. He previously created a tech and investment professionals startup hub in WA and has served on the board blockchain industry body, Blockchain Australia. Travers has provided technical,… Read more »
Since May 2007, US-based digital artist Mike Winkelmann (who goes by the name Beeple) has posted a new artwork online every day. He posted the 5,000th one in January, and has now packaged them into an enormous digital collage titled Everydays: The First 5000 Days, which was auctioned online by Christie’s on February 25. The… Read more »
Welcome to Tuesday. Fingers crossed for good news for Victorians to emerge from lockdown some time today. Here’s today’s news, and don’t forget to tune in for the Startup Daily show on Ausbiz.com.au every weekday, 2-3pm. Watch online, download the ausbiz app or via 7Plus. Zucktime Facebook is reportedly building a smartwatch – not to be confused with Facebook Watch,… Read more »
‘Have I gone too far?’ How founders can beat their startup demons 
Tassie carbon accounting startup banks $5.3 million Seed round 
Smart hotels get even smarter: 72 Byte to launch in Australia with AI expert backing 
Eucalyptus head of growth Matt Rossi departs to launch his own marketing startup, Oodle 
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