Techmeme
May 2, 2022, 7:25 AM

Top News

Bloomberg:
Yuga Labs raises ~$320M by selling 55K virtual land plots in its Otherside metaverse, causing Ethereum blockchain ripple effects and skyrocketing gas fees  —  Yuga Labs, the creator of the popular Bored Apes Yacht Club collection of NFTs, launched a sale Saturday of virtual land related …
Laurence Norman / Wall Street Journal:
In a preliminary view, the EU says Apple has abused its dominance in mobile wallet markets by preventing developers from using the NFC chips in iPhones  —  Antitrust authorities take issue with limits on technology used for contactless payments  —  European Union antitrust authorities …
Tripp Mickle / New York Times:
A look at Jony Ive's evolving responsibilities and frustrations at Apple that eventually led to his June 2019 resignation, adapted from the book “After Steve”  —  The man who helped give the world candy-colored computers walked out the door as Tim Cook took charge.
Danny Nelson / CoinDesk:
Solana's network suffered another outage on Saturday, lasting seven hours, when NFT minting tool Candy Machine was hit with bots, leading to ~4M requests/second  —  It wasn't immediately clear how the bot traffic overcame network safeguards.  —  Solana stakeholders rushed to right …
CoinDesk:
The Wikimedia Foundation decides to stop accepting cryptocurrency donations following community feedback, citing Mozilla's similar move in January 2022  —  The announcement follows a vote by the Wikimedia community in which 71.2% voted in favor of a proposal to stop accepting cryptocurrency.
The Markup:
Study finds the US FAFSA application page shared users' info, including names, zip codes, and email addresses, with Meta via the company's tracking pixel  —  For millions of prospective college students, applying online for federal financial aid has also meant sharing personal data with Facebook …
Sam Machkovech / Ars Technica:
European game publisher Embracer buys Square Enix's three Western game studios, with many game series including Tomb Raider and Dues Ex, and their IP, for $300M  —  $300 million deal includes “over 50” classic games' rights, over 1,000 devs.  —  On Monday, Japanese game publisher Square-Enix confirmed …
Priyanka Iyer / Moneycontrol:
India-based Open, a neobanking service for SMBs, raises a $50M Series D led by IIFL Finance at a $1B valuation  —  Neobanking platform Open has raised $50 million at a valuation of $1 billon, doubling its valuation from $500 million during its last fundraise in October 2021.

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Earlier Picks

Abner Li / 9to5Google:
Associated Press:
Andrew Deck / Rest of World:
Aditya Kalra / Reuters:
Eric Slivka / MacRumors: