I’m Sebastien co-founder and CEO of Early Metrics. TechWatchbySeb is a weekly newsletter to provide Tech Investors, Entrepreneurs & Innovators with my selection of news on the Tech and Web3 ecosystems.
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Summary for this week: Goldman to become Coinman 💰
Before starting ☕️
Section 1 - Tech main news:
Elon makes it snow
Anthropic can make AI to come true
The car from our past dreams comes true
Section 2 - Web3 main news:
Goldman to become Coinman ?
Bored APE again !?
Europe: the promise place for Football NFTs
Total of articles reviewed this week: 21
Before starting ☕️,
Let’s imagine, we combine 2 very important tech trends and we put them together, the potential is just insane.
I mean 5G + New building
So to start, I wanted to share with a research done by my Early Metrics team around the use and the potentiel of 5G in Construction & Real Estate.
The 5th generation of cellular networks, 5G, has sparked controversy and debate since its launch around 2019. Beyond misinformation around health issues, many voiced concerns regarding its security. Nevertheless, the deployment of 5G technology is well underway, having accelerated this past year. The arrival of this new cellular network brings about many opportunities for a variety of sectors. In our infographic below, we look at the ways in which construction and real estate can reap the benefits of 5G networks.
Access to the full paper 👉: Infographic – 5G in construction and real estate and have a look to the wrap up video 👇
Also, before coffee, I wanted to share with you the result of last week poll:
Have already heard about the algorithmic Stablecoins ? 😎😎
I was quite interested by the answer, as to be honest I’m familiar with this trend for now a few weeks. As a good portion of you guys, doesn’t know or doesn’t care, I thought it could be useful to share the best definition I found on Algorithmic Stablecoins:
Algorithm-based stablecoins come in the final category and do not have any associated collateral. Therefore, they are also referred to as non-collateralized stablecoins. Algorithm-based stablecoins are completely new variants of cryptocurrency tailored for offering improved price stability. In addition, it can also help in balancing the supply and demand of the asset in circulation. Most importantly, algorithm-based stablecoins offer considerably improved capital efficiency in comparison to collateralized stablecoins.
The algorithm or the protocol is backing up these stablecoins works as the ‘central bank.’
Source: 101Blockchains
Next question for this week at the bottom
🥇Elon makes it snow
I wont make it too long, as probably everyone of you have heard about the news, but it’s done: Elon’s Musk offer has been accepted by Twitter’s board to acquire the company.
During the following days, Elon’s shared his willingness to improve the freedom of speech. Let’s see what does it mean.
Source: CNBC
🥈Anthropic can make AI to come true
Anthropic’s quest for better, more explainable AI attracts $580M
Anthropic 🇺🇸 is an AI safety and research company that’s working to build reliable, interpretable, and steerable AI systems.
One of Anthropic’s main focus areas is AI safety. The company is developing ways to develop AI models that have better safeguards and also provide the ability to check the effectiveness of those safeguards.
“With this fundraise, we’re going to explore the predictable scaling properties of machine learning systems, while closely examining the unpredictable ways in which capabilities and safety issues can emerge at-scale,” said Anthropic co-founder and Chief Executive Officer Dario Amodei. “We’ve made strong initial progress on understanding and steering the behavior of AI systems, and are gradually assembling the pieces needed to make usable, integrated AI systems that benefit society.”
The company was founded in 2021 and has raised to date $704M from individual investors.
Let’s see how this company evolves in the future, but those very rapid fundraising growth is not yet an indicator of performance.
Source: Techcrunch
🥉The car from our past dreams comes true
The transport industry is definitely under a big hype. After last week newsletter, I released 3 important fundraising. This week, we have again 3 interesting news around the car Industry:
Divergent Technologies 🇺🇸: Divergent 3D aims to revolutionise the auto industry through 3D printing. Their patented production system incorporates Nodes - 3D printed metal connectors - with lightweight materials to create strong and efficient complex structures. The company founded in 2014 just raised $160M Series C, let by Hedosophia 🇬🇧
Cavnue 🇺🇸: the company combines technology and road infrastructure to unlock the full potential of connected and autonomous vehicles. Michigan’s first connected and automated vehicle corridor received $130 million in capital funding, led by Ford 🇺🇸 and Sidewalk Infrastructure Partners.
FreeWire Technologies 🇺🇸: FreeWire Technologies provides smart battery systems for EV charging and mobile distributed power. It provides clean, quiet mobile power, and fast charging that’s available and easy to deploy. The company founded in 2014 just announced a $125M in Series D, led by Blackrock.
Source:
Divergent Technologies: dot.la
Cavnue: mlive
FreeWire Technologies: Greencarcongress
🥇Goldman to become Coinman ?
Did you like the title 😂 I can tell you that I was pretty proud of myself when writing it down!
Joke aside, last week Goldman did two important announcement around blockchain:
Goldman Sachs Makes Its First Bitcoin-Backed Loan: The global investment bank allowed a borrower to use the cryptocurrency as collateral for a cash loan.
Goldman Sachs Says It Is Exploring the Tokenization of Real Assets: The global investment bank says it is looking into NFTs in the context of financial instruments because that is where the power is.
Linking both news, it shows the potential that blockchain can have to reinvent the Corporate Investment Industry. In one hand you will have a better tracking of your digitalised asset, and on the other hand, you will be able to collateralised them to raised additional funding. Potential is huge to unlock investments.
Source:
🥈Bored APE again !?
Bored Ape NFT company raises around $285 million of crypto in virtual land sale
The company behind the "Bored Ape" series of NFTs has raised around $285 million worth of cryptocurrency by selling tokens which represent land in a virtual world game it says it is building.
They became one of the most prominent NFT brands, with Apes sold at top auction houses and owned by celebrities including Paris Hilton and Madonna.
Now, Yuga Labs - which raised $450 million in March in a funding round led by Andreessen Horowitz - has set its sights on the so-called "metaverse".
In an online sale on April 30, Yuga Labs sold NFTs called "Otherdeeds", which it said could be exchanged as plots of virtual land in a future Bored Ape-themed online environment called "Otherside."
Source: money.usnews
🥉Europe: the promise place for Football NFTs
What a goal! OneFootball kicks in $300 million to create new digital fan experiences on blockchain
After Sorare which raised in 2021 a strong series B, it is now OneFootball 🇩🇪 which develops a platform designed to offer mobile marketing applications for professional soccer that have announced a $300M fundraising.
The fundraise underpins the Berlin-based platform's commitment to real-world fans, taking millions of football supporters from Web2 to Web3
Source: Tech.eu
First of all thanks for your help to expand the #TechWatchbySeb community.
Question of the week 🥸
Which place has the best Artificial Intelligence regulator ? 😎😎
Comment and share 🔥👾🔥👾
Feel free to comment on what you think about those news, what you liked, what you disliked.
And last but not least, feel free to share the newsletter to keep growing the community 🚀
👍 That’s it for this week, wishing you a great week ahead, and feel free to share if you like 😁