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Daily Crunch: Meta decimates its staff as the social media giant lays off 11,000

TechCrunch

Answers on an immutable blockchain transaction, please. More social media struggles : Though the subject matter was a downer, Paul wrote a great story about Meta’s confirmed layoffs of 11,000 employees, explaining what happened, why and what it means in the greater context of Meta’s future. The TechCrunch Top 3.

Media 238
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Thirdweb raises $24M at a $160M valuation from Haun Ventures, Shopify and Coinbase for its web3 development kit

TechCrunch

In the latest development, a startup called thirdweb — which has created a development toolkit to make it easier to build and launch web3 products such as blockchain games, NFTs, DAOs, marketplaces and more — has raised $24 million, a Series A that values the startup at $160 million. Projects are collectively generating $1.5

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Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets

TechCrunch

Bademosi was the Director of Binance Labs in Africa, overseeing the incubation and development of blockchain projects when he decided to start Bundle as CEO in 2019. Orilogbon was the company’s chief technology officer. “The first iteration of crypto products were trading products.

Marketing 245
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Gary Vaynerchuk, Mark Cuban back web3 project tool Thirdweb

TechCrunch

Thirdweb was created by Social Chain founder Steven Bartlett and Furquan Rydhan, who was founding CTO of Bebo and AppLovin. Fifteen years ago, no one believed that the world would be full of social media creators and artists. ” Ben Rubin explains why the Web3 era of social media will help everybody get paid.

Tools 243
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Daily Crunch: Ransomware group threatens to release Nvidia’s ‘most closely guarded secrets’

TechCrunch

Well, it’s Charli and Dixie, two super-famous social media personalities. Blocknom – I presume a portmanteau of “blockchain om nom nom,” right? Popchew is helping creators cook: Back to the social media/influencer world: Popchew. Who is the D’Amelio family? If this confuses you, ask your kids. Staying up to date.

Groups 218
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4 ways to enable explainability in generative AI

CIO

As generative AI evolves and extends value into more enterprise use cases, IT leaders, technologists, and developers must adopt a holistic approach that considers the technical, ethical, and social aspects of AI explainability and involves all relevant stakeholders in the development and deployment of AI models.

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Daily Crunch: India’s Central Bank says cryptocurrency ‘may even be worse’ than Ponzi schemes

TechCrunch

We have a busy slate for you today, including news sure to annoy the blockchain faithful, new funds, Facebook’s latest rebrand and more. India continues to debate the fate of cryptocurrencies : A nation’s regulatory and banking bodies debating blockchain technology and its related tokens is a daily occurrence.

Banking 213