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NFTs could bridge video games and the fashion industry

TechCrunch

Because some of the most profitable NFTs are produced by celebrities with teams , it makes sense that music corporations, fashion brands and designers are venturing into the NFT market as well. Real-life fashion brands use NFTs for marketing in virtual worlds like Minecraft , plus several Atari and Microsoft video games.

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What Vimeo’s growth, profits and value tell us about the online video market

TechCrunch

The spinout of video platform Vimeo from IAC completed today , with the smaller company now trading as an independent entity under the ticker symbol VMEO. If you missed the news that the internet conglomerate was spinning out the video service, don’t feel bad; it slipped past many radars. million, a gain of around 57%.

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SoftBank leads $150M round for Firework’s shoppable video

TechCrunch

“We have big ambitions at Firework — to become the infrastructure on which the next-generation of the internet is built and run — and Softbank Investment Advisers supports that vision.”. Last year, Firework was working with some 600 companies, including Albertsons Companies, The Fresh Market and Omnicom Media Group.

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WeLink raises $185M to deliver high-bandwidth wireless internet to the home using 5G

TechCrunch

For the vast majority of American homes, there’s no choice of how customers get their internet access. Yet, as more and more people rely on the internet for more than just cat photos (and after recent events, maybe rely on cat photos as well for sustenance), it seems obvious the market needs more choice and competition.

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Deep Render lands $9M for its AI-powered video compression tech

TechCrunch

Deep Render , a startup developing AI-powered tech to compress videos on the web, today announced that it raised $9 million in a Series A funding round led by IP Group and Pentech Ventures. Deep Render isn’t the only venture applying AI to the problem of video compression, nor is its AI a silver bullet necessarily.

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Epic Games to shut down Houseparty in October, including the video chat ‘Fortnite Mode’ feature

TechCrunch

Houseparty, the social video chat app acquired by Fortnite maker Epic Games for a reported $35 million back in 2019, is shutting down. Related to this move, Epic Games’ “ Fortnite Mode” feature , which leveraged Houseparty to bring video chat to Fortnite gamers, will also be discontinued.

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Daily grabs another $40M so developers can add video, audio features to any product

TechCrunch

We’ve all embraced video calls, whether it is with our work colleague or our physician, but for developers, it remains a challenge to build both real-time audio and video features into products. The most interesting trend we’re seeing is that new use cases for video and audio are showing up every week,” Hultman Kramer said.

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