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Cryptocurrency company Circle to go public in SPAC deal

TechCrunch

In other words, Circle will have plenty of capital on its hands if the merger goes through. Created in 2013, the company originally wanted to create a mainstream bitcoin payment platform. But the company later pivoted to create a social payments app. The company also recently raised $440 million in capital.

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Sunroom is an alternative creator platform empowering women to cash in

TechCrunch

Founded by alums of Hinge and Bumble, Sunroom is a creator platform that throws out the stuff that makes mainstream social media apps such a hostile place for women. Sunroom takes the premium monetization model of something like Patreon or OnlyFans and blends it with a social feed, run through a generously Gen Z design filter.

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A Look At Reddit’s Biggest Shareholders Ahead Of Its IPO

Crunchbase News

Its IPO is the first from a social media company since Pinterest ’s debut in 2019. Within 18 months of Reddit’s founding, media company Advance Publications , owner of magazine publisher Condé Nast among other properties, acquired the startup for $10 million. Reddit’s IPO will be closely watched for a number of reasons.

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Thirdweb raises $24M at a $160M valuation from Haun Ventures, Shopify and Coinbase for its web3 development kit

TechCrunch

Bartlett likes to tackle opportunities when they’re only starting to emerge: He was an early adopter and proponent of social media and specifically brands leveraging it to grow, long before brands came to recognize social media strategy as a must-have.

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Neobroker Bitpanda raises $170M at a $1.2B valuation to take its trading platform beyond crypto

TechCrunch

Our growth goes hand in hand with that.” We will call our contacts and they’ll join, too’ ” There has been a huge wave of hype around crypto, although in the wider sense it’s still primarily an adopter phenomenon, far from being a mainstream investment, with most people having no idea how it works.

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What the NFT? VC David Pakman dumbs down the digital collectibles frenzy and why it’s taking off now

TechCrunch

So I was a believer that crypto-based collectibles could be really big and actually could be the thing that takes crypto mainstream and gets the normals into participating in crypto — and that’s exactly what’s happening now. But a couple NBA players have seen this and gotten excited about their own moments [on social media].

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Top Five Futuristic Technologies That Will Transform The World

OTS Solutions

Instead, social media networks, smartphones, and live streaming have dominated the world. Soon, these technologies will go mainstream and change the entire world significantly. Social media networks also leverage artificial intelligence and automation to moderate comments. Robot and Voice Assistants.