The People’s Bank of China said in September this year that “all virtual currency-related business activities are illegal financial activities”, including services by overseas cryptocurrency exchanges to Chinese residents through the Internet.
Imagine that you and your partners come up with an excellent business idea. After drafting a thorough plan, all you need is the money to execute it. For that, you can set up a decentralized autonomous organization, or DAO. To join the organization, people buy tokens, gaining part ownership of your company while investing in it.
Decentralized financing (DeFi) is a blockchain-based financial system that does not rely on traditional financial institutions like banks. Decentralized financing platforms allow users to trade cryptocurrencies and make available other financial services, like borrowing and lending. In 2021, DeFi industry has grown to US$80 billion, with an expected ten-fold growth by 2022.
Over the years, many startups have entered the global marketplace and revolutionized the ways we live. Companies with unique problem-solving methods and an ability to create one-size-fits-all solutions are the ones that make the leap to acquiring the unicorn status (companies with a US$1 billion valuation).
Imagine being paid generously for playing video games. Sounds like a dream—or an overly ambitious American movie—doesn’t it? Well, it’s reality for those following the rise of NFTs or non-fungible tokens. According to the Chief Executive of video game company Electronic Arts (EA), Andrew Wilson, collectible NFTs are “an important part of the future of [the gaming] industry”.
Property technology (otherwise known as PropTech) may be just what the real estate industry needs most now. During the pandemic, housing sales have dropped significantly. As we enter a post-pandemic society, the real estate industry might just have to adapt to the changing trends that COVID-19 has accelerated.
2021 has been a significant year for the crypto sector, especially as it pushes itself into the mainstream. As of yet, the legal status of cryptocurrency differs from country to country. In some parts of the world, its status is legally defined, such as in Ukraine, Canada and Indonesia; while in other parts, regulations and crackdowns are tightening, such as in China and Singapore.
The doge meme and the cryptocurrencies associated with it have been gaining popularity all through 2021, and you have business magnate Elon Musk to thank for it—from spending the first half of 2021 tweeting about Dogecoin to outrightly admitting that he doesn’t have any Shiba Inu.
The history of insurance can be traced back to the 18th century. During Babylonian times, the Code of Hammurabi was the first basic insurance policy. Ship merchants would pay this policy to lenders in the form of a loan to guarantee their shipment’s safety. Centuries later, insurance solutions have expanded to meet specific needs such as automobiles, health and travel.
During the pandemic, many of us around the world have turned to video games to stay connected with other people. While staying at home alone, casual and avid gamers and Twitch streamers alike have used video games to keep themselves and others entertained (and distracted) in an otherwise uncertain and isolating time.
On November 3, 2021, the Cyberport Venture Capital Forum (CVCF) came to a close. The two-day event was hosted in a hybrid style of digital and offline participation. The conference covered numerous prominent emerging investment subjects, including the new space economy, non-fungible tokens (NFT), environmental, social and corporate governance (ESG) and others.
There is nothing more important than mental health. Some people tend to forget about this when they are working, believing that productivity and efficiency trump emotional wellbeing. But if you work yourself to the bone, mental health problems tend to arise.
Non-fungible tokens or NFTs have been taking over the digital world in 2021. The sales volume of NFTs reached US$2.5 billion in the first quarter of this year. Their popularity is evident with NFT memes like side-eyeing Chloe going for US$76,377.50.
You may not know what “metaverse” is, but you might have seen the buzz around it in the tech world. In the last few months, tech giants like Microsoft and Nvidia have shared their futuristic visions for the metaverse, and now Facebook is going all out with its metaverse ambitions.
As our places and styles of work change, employee benefits need to change accordingly. All through 2020, companies have had to operate virtually, and some have even decided to never go back to working from the office ever again. Around 30% of people across the world work fully remotely as of last year.
When you start a business, you want to stand out from the crowd and show your customers how your product is different from others in the market. This is where a unique value proposition (UVP) comes into play. UVP is a statement that tells your customers exactly how your product or service will benefit them.
