Category: Tech News

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NFT marketplace Opensea lets go of 20 percent of its staff

The world’s largest NFT platform, Opensea, is cutting 20 percent of its workforce. The information comes directly from CEO Devin Finzer, who tweeted a screenshot of a Slack message he’d sent to the entire company staff Thursday. Finzer blamed the economic instability around both crypto specifically and the economy broadly for the layoffs. The cuts,… Continue reading NFT marketplace Opensea lets go of 20 percent of its staff

Sure, why not: Wordle is becoming a board game

Wordle players who can’t resist posting their scores on social media to show off their verbal smarts can now subject friends to this behavior in-person. Hasbro and New York Times Games announced a physical adaptation of the online word game phenomenon to be called Wordle: The Party Game, designed to be played with multiple players… Continue reading Sure, why not: Wordle is becoming a board game

EA’s new ‘Skate’ is a free-to-play live service game

It’s been just over two years since we learned that EA was working on the first entry in the Skate series since 2010’s Skate 3. Although the publisher isn’t quite ready to announce the release window, it revealed some more details, including the fact the game is just called Skate. It’s a free-to-play live service… Continue reading EA’s new ‘Skate’ is a free-to-play live service game

Facebook test lets users have up to five profiles for the same account

Facebook is testing giving users the ability to create up to five profiles on the platform, a major change to its longstanding policy that only allows people to have a single account and identity on the service. The upcoming test was reported by Bloomberg, which notes that it’s Facebook’s latest ploy to stave off declining… Continue reading Facebook test lets users have up to five profiles for the same account

GLAAD: Social media platforms don’t do enough to protect LGBTQ users

Social networks still aren’t doing much to safeguard LGBTQ people against abuse, according to GLAAD. Bloomberg notes the media monitoring organization has published its second-ever Social Media Safety Index, and has given failing scores to Facebook, Instagram, TikTok, Twitter and YouTube after examining their LGBTQ-oriented features and policies. While GLAAD found that all the platforms… Continue reading GLAAD: Social media platforms don’t do enough to protect LGBTQ users

SG’s Vistas Media officially files to raise $200m for second SPAC in the USThe firm listed its first $100m SPAC vehicle on the Nasdaq in August 2020.

Vistas Media Capital, a Singapore-based media and entertainment group, has officially filed with the US Securities and Exchange Commission, to raise up to $200 million for its second special purpose acquisition company (SPAC). The filing confirms DealStreetAsia’s report in February, which quoted sources as saying that the second SPAC will see the firm expand its… Continue reading SG’s Vistas Media officially files to raise $200m for second SPAC in the USThe firm listed its first $100m SPAC vehicle on the Nasdaq in August 2020.

Border to Coast commits $304m to Ares SSG, KKR Asia-focused funds

Border to Coast Pensions Partnerships, one of the UK’s largest public-sector pension pools, has committed an aggregate of $304 million to Asia-focused funds managed by Ares SSG and KKR. In a statement, the pension fund said it has made a $132-million commitment to Ares SSG Capital Partners VI and another $172 million to KKR ABFP.… Continue reading Border to Coast commits $304m to Ares SSG, KKR Asia-focused funds

Global energy storage company Powin raises $135m led by Singapore’s GIC

Global energy storage developer Powin Energy has raised $135 million in funding led by Singapore’s sovereign wealth fund GIC, per its announcement The round also saw participation from existing investors Trilantic Energy Partners North America and Energy Impact Partners (EIP). Powin notes that the funds will enable it to scale global manufacturing, further develop its… Continue reading Global energy storage company Powin raises $135m led by Singapore’s GIC

Hyundai to electrify high-performance N brand

Hyundai said Thursday it will begin building electric vehicles under its high-performance N brand created to compete with luxury sports cars from Mercedes-Benz and BMW. The automaker said the Ioniq 5 N, high-performance version of its battery-electric SUV, will launch in 2023. Hyundai also premiered Thursday two high-performance concepts — RN22e and N Vision 74… Continue reading Hyundai to electrify high-performance N brand