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November 8, 2021, 9:30 AM
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memeorandum
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| Hirsh Chitkara / Protocol: |
Even minor actions in an NFT game can be taxable events, an inconvenient reality exacerbated by the lack of raw transaction records from many NFT games — In a matter of months, NFT gaming became a multibillion-dollar industry by combining two things people already loved: video games and getting rich from crypto.| Paul Sawers / VentureBeat: |
Drata, which uses automation to help companies obtain SOC compliance, raises a $100M Series B led by Iconiq Growth at a $1B valuation — Security and compliance automation platform Drata has raised $100 million in a series B round of funding, valuing the one-year-old company at a cool $1 billion.
More:
Crunchbase News and Drata
| Nikhilesh De / CoinDesk: |
The US infrastructure bill amends tax code section 6050I to require certain recipients of digital assets worth $10K+ to report sender details to the IRS — The U.S. House of Representatives voted to pass a bipartisan infrastructure bill that contains a controversial cryptocurrency tax reporting requirement.| Jacob Pramuk / CNBC: |
Source:
The White House. More:
The Record, The White House, The White House, Bitcoinist.com, CNET, Slashdot, Forbes, Cointelegraph, Benzinga, and Politico. Tweets: @m_f_rose
| Dave Lee / Financial Times: |
Interview with Biz Stone about Future Positive, an investment firm he founded in 2019 with Fred Blackford to focus on investments that can be held for decades — The social media pioneer's firm is chasing investments that have no expiry date — The man who helped create Twitter …
Tweets: @financialtimes
| Kevin Roose / New York Times: |
The NFT.NYC conference, now in its third year, was a coming-out party for the NFT community, attracting a record 5,000 attendees from artists to corporate suits — NFT.NYC, a gathering for nonfungible token enthusiasts, offered a taste of a crypto-filled future.
More:
Forbes, The Verge, and Nikkei Asia
Tweets: @parismarx, @coin_artist, @cliffordvickrey, @ryp__, @parismarx, @parismarx, @silvermanjacob, @martinsfp, @hartmut_giesen, @leapingrobot, @emmabgo, @thenewsham, @marietjeschaake, @thebarrylad, @danchaon, @boringstein, @kevinroose, @dens, @nytimesbusiness, @hkanji, @jimprosser, @kevinroose, @mdudas, and @caseynewton
| Lucas Matney / TechCrunch: |
Matter Labs, which offers an Ethereum “rollup” service that offloads transaction processing to secondary chains, raises a $50M Series B led by a16z Crypto — As some of the most popular cryptocurrencies reach all-time-highs, plenty of new users and decentralized app developers …
More:
Andreessen Horowitz, CoinDesk, and Crowdfund Insider
| Eriq Gardner / The Hollywood Reporter: |
Netflix faces more active libel suits than any major news outlet, partly due to its nonfiction fare, often unsuccessfully arguing that it is just a distributor — The mega-streamer is facing more defamation complaints than any major news outlet, stemming from projects like 'Making a Murderer …
Tweets: @eriqgardner and @eriqgardner
| Matt Burgess / Wired: |
A look at the fight between city officials and parents over Stockholm's glitchy app for its schools, as annoyed parents built their own open source version — Stockholm's official app was a disaster. So annoyed parents built their own open source version—ignoring warnings that it might be illegal.
More:
Slashdot. Tweets: @dobetterfcps, @j2bryson, @frankcatalano, @kearneymw, @tomschenkjr, @johnwilander, @petercoffee, @lgworld, @masspirates, @lex_crawford, @jalager, @mraharrisoncs, @elfsternberg, @mattburgess1, and @iethics
| Ingrid Lunden / TechCrunch: |
H2O.ai, which provides an open source machine learning platform to build smart applications, raises a $100M Series E at a $1.6B pre-money valuation — H2O.ai — a startup that has developed an open-source framework as well as proprietary apps that make it easier for any kind of enterprise … | Christine Hall / TechCrunch: |
Andrew Ng's Landing AI, which is developing tools for manufacturers to build and deploy AI systems in factories, raises a $57M Series A led by McRock Capital — Just over a year after launching, Landing AI secured a $57 million round of Series A funding to continue building tools …
More:
BetaKit, VentureBeat, and CNBC
| Brian Barrett / Wired: |
The FBI and DHS say a drone dangling copper wires tried to disrupt a PA power substation in July 2020, the first drone attack targeting US energy infrastructure — An attack attempt in 2020 proves the UAS threat is real—and not enough is being done to stop it.| Manish Singh / TechCrunch: |
BrightChamps, an Indian startup teaching programming and other skills to over 100K students in 10 markets including the US, raises $51M, valuing it at ~$500M — BrightChamps, an Indian edtech startup that is attempting to bridge the learning gap left by K12 schools, said on Monday …
More:
The Economic Times, DealStreetAsia, The Economic Times, and Entrackr
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