Source: freepik
Web3 advertising startup Linkko has raised an undisclosed amount in funding, while Singapore-based carbon exchange CIX has confirmed that it has laid off staff towards the end of 2023.
Web3 ad company Linkko raises funds from W3M Ventures
Singapore-based Linkko, which aims to be an advertising platform for Web3, has reportedly received an undisclosed amount of strategic investment from Web3 Media (W3M) Ventures.
Linkko, founded in 2023, plans to use the new funds to develop features, expand partnerships, and increase its user base. Linkko uses on-chain analytics to offer “ultra-precise” targeting for advertisers, while also offering monetary rewards for target users to watch ads, ranging from a few cents to several dollars per ad.
Carbon exchange CIX confirms layoffs
Climate Impact X (CIX), a Singapore-based carbon exchange backed by Temasek, has reportedly confirmed that it laid off staff as part of a restructuring exercise late last year.
According to The Business Times, CIX confirmed that a “few staff” were laid off in the exercise, which was undertaken to better position CIX to meet new requirements of the carbon market as well as the company’s transitioning towards full operability. “This means we have had to adjust our internal structure to ensure our team is aligned with the roles and skills necessary to support our business priorities,” a spokesperson was quoted as saying.
CIX, which began trading on June 7, 2023, was established as a joint venture between the Singapore Exchange, state investor Temasek, and financial institutions DBS and Standard Chartered.