
a16z to Invest $500 Million in Indian Startups
Venture capital firm Andreessen Horowitz (a16z) has revealed that it plans to invest $500 million in Indian startups.
The companies have announced a new blockchain-based solution that will bring the distributed ledger technology to the telecommunications industry.
Venture capital firm Andreessen Horowitz (a16z) has revealed that it plans to invest $500 million in Indian startups.
Z Holdings’ decision to enter the NFT market came after Japanese online retail giant Rakuten launched its NFT marketplace.
Japanese holding behemoth SoftBank has shunned the UK and will now float the IPO of chip manufacturer Arm in the US.
While rivals had many things to say about the acquisition, including its threat to job security in the UK and the tech sovereignty that would eliminate competition, there was a bigger gripe in play.
Japanese holding company SoftBank sees its shares slide after a drop in the value of its portfolio companies.
Didi’s exit from the NYSE came after a new decision by the US Securities and Exchange Commission that may affect certain foreign companies.
SoftBank looks to expand its metaverse investment portfolio by funding popular female-centric app Zepeto, at a billion-dollar valuation.
The Sandbox generated funds from a funding round led by SoftBank to expand its NFT and metaverse offerings beyond gaming.
Candy Digital is also building an official NFT ecosystem for Major League Baseball (MLB) wherein fans and collectors will be able to purchase, trade, and share officially licensed NFTs.
Elliptic said that it will use these funds for scalability, research, and platform development. It plans to increase its US team by 50% and make global expansion.