Business and political conversations in recent years have shown that you simply cannot talk about progress without mentioning sustainability. Startups and big corporations are having to upgrade their business models to factor in climate change and the environment. Shoppers have taken notice, too.
Despite the pandemic, 2021 had been a bumper year for initial public offerings (IPOs). According to the 2021 EY (Ernst & Young) Global IPO Trends Report, the global IPO market had a total of 2,388 IPO deals, raising US$453.3 billion in proceeds. Global IPO activity was up 64 percent in deal numbers and 67 percent in proceeds when compared to 2020.
“Sounds like BS” was Tesla CEO Elon Musk’s very eloquent review of Web 3.0. After all, few people know more about BS than Musk.
Web 3.0 has been touted as the internet of the future and a new generation of webs. It aspires to decentralize the internet using blockchain-based tokens. It will allow people to “own” their internet activities, thus doing away with the power of big techs, such as Amazon, Alphabet and the like.
On December 31, 2021, decentralized finance (DeFi) ecosystem platform MRHB DeFi raised US$5.5 million through an Initial DEX Offering (IDO). The IDO allowed global investors to participate directly in the funding rounds with no third-party mediator. From raising capital through an Initial Coin Offering (ICO) to launching an IDO—cryptocurrency has made possible new ways for startups to raise money with fewer hurdles. Here, we take a look at what an IDO is and how your startup can get started with one.
When Covid-19 first broke out, employees were worried about losing their jobs, and we’ve seen companies closing down or shrinking in scale to survive the economic downturn. But now, it seems like employers are in a predicament as the “great resignation” is happening. According to the U.S. Bureau of Labor Statistics, about four and a half million people quit their jobs in November 2021.
The cryptocurrency boom is well and truly here. However, when it comes to using cryptocurrency, there is no clear way of determining what is okay to engage in and what isn’t. After all, cryptocurrency is constantly evolving and keeping pace with this change is no easy feat. Regulating cryptocurrency is important, and some government officials have been working towards building some sort of a framework. Still, due to the dynamic nature of the currency.
As soon as you walk on to the Jumeirah fishing harbor where ºBRIX Desserts, or simply ºBRIX, is located, your journey begins. A chill breeze and the smell of the ocean wafting through the air prepare your senses for what’s to come.
Over the past two years, luxury brands have had to develop high-performance products that align with the increasingly digitalized world. Today, the unique value proposition (UVP) of luxury brands is defined by the users’ experience, which focuses on three core areas: driving engagement through exclusive technologies.
This year has been an eventful one for Sarojini McKenna, the co-Founder of the NFT Metaverse Alien Worlds—a globally-acclaimed blockchain game. From creating an unparalleled community-focused game to growing from 10,000 to five million users within a year—Alien Worlds’ journey has been one for the books.
Whales in cryptocurrency create waves that cause a ripple effect among small fishes, or traders, thus influencing the overall market. Between October and November 2021,
As the crypto sector relentlessly moves towards gaining mainstream adoption, it is very crucial to ensure that we have proper and secure storage for our cryptocurrencies and tokens. With crypto wallets, transactions become faster, easier and more secure.
While Initial Coin Offerings (ICOs) have been lucrative for startups wanting to raise capital, they are not without their flaws. The lack of regulation often puts investors at risk. For instance, as of 2021, BitConnect, the offshore cryptocurrency lending program, duped investors out of over US$3 billion.
When social media was first introduced to us, many were using it to create and share content. Now, social media platforms offer more than just that—they have topped the list of entertainment, marketing and networking tools. More and more businesses are utilizing social media to promote their products.
Indian ride-hailing service Ola started small in 2010, but by 2020, it had expanded into international markets, like the UK, Australia and New Zealand. Currently, Ola has around 75,000 drivers registered in Australia and another 25,000 in the UK. Hospitality unicorn Oyo is another successful startup story. It has registered continuous growth since 2013 and now operates in more than 80 countries worldwide.
It is a universally accepted fact that we all have been struggling with working from home. Be it a struggle to balance work and personal life or just feeling lonely because of a lack of physical interaction, it has been a tough two years for a lot of us! All of this begs the question: Is the metaverse (or something similar to it) the answer to our need for a physical office?
The COVID-19 pandemic brought with it a technological boom. As more businesses went digital, apps and websites became more and more relevant to sustain effective business functioning. While the need for apps and websites is increasing, the number of developers to keep them up and running has decreased.
Jumpstart is now part of TechNode Media Group. Together, we bring you more technology news and insights across Asia. Read Asia tech news on technode.global and China tech news on technode.com.
