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Daily Crunch: Banking app Current amps up its savings rate to 4.00% APY

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Second Life’s creator is returning to advise the original metaverse company

The creator of one of the earliest and most enduringly iconic virtual worlds is returning to his roots. Second Life’s founder Philip Rosedale will rejoin the company he founded in 1999 as a stra

Yahaha Studios, a platform for building no-code, immersive games, raised $50M in 3 rounds ahead of its launch this year

The success of Roblox and other user-created gaming experiences like Overwolf have democratized the concept of making games and have taken it into the mainstream. Now, a startup founded by veterans fr

Blockchain gaming survey: 7 investors discuss regulation, opportunities and NFT hype

There’s still a haze of uncertainty surrounding blockchain games, so we reached out to several active investors in to get a clearer picture of where opportunities exist today and what they see on th

Roblox pauses service in China as it takes ‘important transitory actions’

On December 8, Roblox’s Chinese version LuoBuLeSi, published and operated by Tencent, abruptly closed down its server five months after it launched on iOS and Android. Many users, taken by surpr

What 2021’s IPO pops tell us about future flotations and SPACs

Let's talk about public offerings now that the IPO season is essentially behind us. 

Black Friday data adds to evidence e-commerce growth is slowing

No, the secular shift to online shopping will not reverse. But it is also seemingly reverting to slower growth rates.

Tencent shares its metaverse vision for the first time

How could Tencent not jump on the metaverse bandwagon when Facebook is hinging its future on the new buzzword? At this stage, Tencent’s approach seems more measured than Facebook’s $10 bi

igniteXL Ventures closes debut fund to target ‘$5T oversight’ in beauty, wellness

General Partner Claire Chang’s plan is to deploy capital into 30 new investments and keep some back for follow-on investments.

Facebook’s ‘meta-existential’ pivot for survival

As an investor in VR and AR since 2016, I find it cautiously encouraging to hear all the talk of “metaverse” on trending business channels today.

Match Group details plans for a dating ‘metaverse,’ Tinder’s virtual goods-based economy

Tinder has already undergone a big revamp with its recent launch of “Explore,” a new section inside the app that will enable more interactive experiences, including the second “Swipe

Roblox outage helped boost games like Among Us and Minecraft, report finds

Roblox’s three-day Halloween weekend outage benefitted other popular gaming apps, according to new data from mobile intelligence firm Sensor Tower. In a rare, but unfortunately timed outage, Rob

Roblox is back online after three days of Halloween outage

Roblox, the gaming platform that is immensely popular amongst young players, said on Twitter Sunday evening that it is back online worldwide. Roblox is back online everywhere! Thank you for your conti

The Automattic TC-1

Sixteen years in and now valued at $7.5 billion, Automattic has found a multitude of strides, even as it strives to own ever more of the media market.

Core might be the Vegas of the metaverse

A self-described “endless arcade,” Core feels like a 90s cyberpunk fever dream come to life. Half playable game library, half no-code game creator, all neon lights, the new platform is a surprisin

What we can learn from China’s mobile gaming economy

Last year was a big one for China’s mobile scene as app publishers found new audiences and explored new advertising channels, many of which are here to stay.

Roblox pushes toward avatar realism, plans to add NFT-like limited-edition items

At its annual developer conference Thursday, Roblox painted a picture of what’s next for the fast-growing online multiplayer portal that’s like catnip for kids and teens. In his keynote, Roblox co

Karat raises $110M on a $1.1B valuation to grow its technical interviewing-as-a-service platform

In the global race for technical talent, companies are on the hunt for ways to speed up and scale the hiring process to snap up the best candidates before their competitors get to them. Today, a compa

Twitter invests in avatar startup Facemoji

Avatar startups have come and gone over the past few years, but the future that many of the entrepreneurs behind them originally imagined has proven more or less accurate. Apple is increasingly intere

Can direct listings really fix the IPO pricing problem?

Even if you are tired of IPOs, the direct listings from Amplitude and Warby Parker warrant your attention.
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