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News & Analysis

Your 90-second guide to the day in tech

- March 12, 2021 3 MIN READ
An image from the video clip for Pussy Riot founder Nadya Tolokonnikova's new single, Panic Attack.

Happy Friday team.

Don’t forget to tune in for the Startup Daily show on Ausbiz.com.au  every weekday, 2-2.45pm. Our guests today include Tasmanian whisky producer Bill Lark, the godfather of Australian distilling. 

Watch online, download the ausbiz app or via 7Plus.

Meanwhile, some news.

NFT breaks art records

Remember this work, which we featured last week, ahead of Christie’s auctioning it as a non-fungible token (NFT).

https://twitter.com/ChristiesInc/status/1370001588945838083

Well it sold for US$69.4 million this morning, which Christie’s says the sale price puts Beeple, aka Mike Winkelmann, among “the top three most valuable living artists.”

The artist himself summed up the situation best:

Meanwhile, Pussy Riot founder, Russian conceptual artist and political activist, Nadya Tolokonnikova, is selling her new single “Panic Attack” (see image from the video clip above) as a series of four Non-Fungible Tokens (NFTs) for collectors to purchase on Foundation this Saturday, March 13.

Proceeds will go to Pussy Riot’s art and the shelter for victims of domestic violence in Russia.

Tolokonnikova says she’s exploring NFTs as a way to give fans a piece of her work while benefiting a cause that she holds close.

 

Roblox IPOs

Gaming platform Roblox, which has nearly 33 million daily uses, hit the NYSE with its IPO yesterday and the shares jumped 15% on debut. That values the business at around US$44 billion (A$57bn). That’s 10x the valuation just 12 months ago.

 

Sydney crypto busts

Cybercrime Squad detectives in Sydney have charged another six people as part of an investigation into a criminal syndicate accused of laundering money using cryptocurrency.

Strike Force Curns first arrested a 30-year-old man in February, seizing $1 million in cash during a vehicle stop at Strathfield. He was charged with 24 offences.

Another six people – a man and five women – were arrested in Sydney on Wednesday. Police searched units at Newington and Strathfield, seizing mobile phones, laptops and tablets as well as cash and jewellery.

Police will allege the woman was involved in the cryptocurrency money laundering syndicate and dealt with proceeds of crime to the value of $3 million.

A 24-year-old Homebush West woman, a 23-year-old Denham Court woman and 23-year-old Newington woman, were all charged with recklessly dealing with the proceeds of crime. A 23-year-old Concord woman was charged with recklessly dealing with the proceeds of crime.

All five women were granted bail to appear at Central Local Court on April 19.

 

Japanet’s $65m VC fund

Japanese TV home shopping empire Japanet is going shopping with a new US$50m (A$65m) venture capital fund from California VC firm Pegasus Tech Ventures.

Japenet’s fund will look to invest in startups in the US, Israel, Europe and Asia to support its Nagasaki ‘Stadium City’ project, opening in 2024, and including a sports stadium, business offices, retail stores, hotels, and live event arenas.

Startups in child education, elder care, hospitality, and other services are on the hit list Japanet CEO Akito Takata said.

Pegasus will go looking for startups and connect them with Japanet and Pegasus’ extensive network of corporate partners.

 

StripePO

We liked this chart from the team at CB Insights. They asked readers last week, which of the following four fintech companies they’d put $100k into on the proviso they they had to offload the stock on the day of the IPO.

And the winner is Stripe.

Source: CB Insights

Police geo-target SMSs

NSW Police are now sending out geo-targeted alerts for missing persons.

People in the area of interest will receive the alerts, which feature a brief description and information on how to report any sighting. Police say it will only be used when they hold grave concerns for the missing person, for example, someone with dementia wandering from their homes, children with disabilities separated from family or carers, and young people who go missing in large crowds.

The system was first put in place by states and territories following the 2009 Victorian Black Saturday bushfires to send out alerts in the event of an emerging emergency.  

 

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