Sydney NFT gaming startup Immutable, has cut 20 staff from its team, less than five months after raising $280 million. CNET’s Jackson Ryan reports that Immutable CEO and cofounder James Ferguson announced the cuts, which account for around 6% of total staffing, at an all-hands meeting held via Google Meet on Monday. Staff were offered… Read more »
Animoca Brands, the digital entertainment, cryptocurrency metaverse and blockchain company thrown off the ASX in 2020, has been fined $50,000 following legal action by corporate regulator ASIC after it failed to lodge annual and half-yearly financial reports between 2019 and 2021. The company failed to appear before the Downing Centre Court on June 21 and… Read more »
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 »
Every week on the Startup Daily TV show, we talk to more than two dozen founders, CEOs, investors and experts about what’s happening in tech. Now you can catch the best of the show with the weekly podcast, SUDS. Welcome to the new, improved SUDS! We’ve tweaked the format and each week host Simon Thomsen will have… Read more »
The man who bought an NFT of Twitter co-founder and former CEO Jack Dorsey’s first ever tweet for nearly $4 million tried to auction it for $65 million – but the highest bid came in at less than $400. Sina Estavi, CEO of Malaysian blockchain company Bridge Oracle, famously jumped at the opportunity to buy a copy… Read more »
Credit card giant Visa has launched an immersive program to help arts sector creators tackle the potential of NFTs The Visa Creator Program aims to help digital-first artists, musicians, fashion designers, and filmmakers build their business through non-fungible tokens (NFTs). The program will help arts-based entrepreneurs deepen their understanding of the technology and platforms underpinning NFT… Read more »
With the acceleration of blockchain, Non-Fungible Tokens (NFTs) have gained significant popularity over the last few years. Like other novel technology, NFTs present their own set of tax issues and complexities to navigate. This article is intended to provide a high-level overview of some of the tax considerations to be aware of when transacting with… Read more »
Sydney NFT tech startup Immutable is partnering with NYSE-listed gaming giant GameStop to develop the world’s largest gaming marketplace for gamers to buy, sell and trade in-game assets. As part of the deal, the two companies are looking to launch a fund worth up to US$100 million for NFT gaming projects. GameStop will use the… Read more »
Comedian Robin Williams once called cocaine “God’s way of telling you you are making too much money”. This role may now have been overtaken by non-fungible tokens, the blockchain-based means to claim unique ownership of easily copied digital assets. The latest NFT mania involves fantastic amounts of money being paid for “Bored Apes”, 10,000 avatars… Read more »
In 2018 US Senator Orrin Hatch naively questioned how on earth Facebook could sustain a business model in which users don’t pay for a service… Before Mark Zuckerberg politely pointed out that they run advertisements. Just last month US Senator Ted Cruz’s speech went viral when he claimed less than 5% of his colleagues had… 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 »
Tim Berners-Lee, creator of the World Wide Web (WWW), is auctioning off the source code for his world-changing invention as a non-fungible token (NFT). The winning buyer will receive files of the source code Berners-Lee wrote in between 1990 and 1991, a 30-minute silent animation of the code being written – which you can view at Sotheby’s –… Read more »
Telstra makes $700 million bet on AI to transform its business in Accenture joint venture 
Cultivated meat startup Vow slices 25 jobs amid hunt for new funds 
The 10 most talked-about tech products at CES 2025 
AI walks, meditation and rituals – the 5 things Canva cofounder Melanie Perkins does to prevent burnout 
Daily startup news and insights, delivered to your inbox.
