🤝 Tech giants create Metaverse Standards Forum
To ensure the metaverse stays inclusive and open
Hey Waivly Crew! 🌊 Magic Eden has closed a $130M Series B round co-led by Electric Capital and Greylock. Microsoft, Meta, Unity, NVIDIA, Sony, and 30 other tech giants have come together to establish the Metaverse Standards Forum.
Want more from us at Waivly? Join Waivly+, the premium Waivly membership with exclusive content, resources, giveaways, events, and so much more, all blended together into one super low-cost and quick to join subscription 🎉 Head over to our website and hit “Subscribe” to get onboard!
Magic Eden closes $130M Series B round
Magic Eden, the leading NFT marketplace on Solana, has raised $130 million at a $1.6 billion valuation.
The Series B round, announced Tuesday, was co-led by Electric Capital and Greylock, with participation from new investor Lightspeed Venture Partners alongside previous investors Paradigm and Sequoia Capital.
Magic Eden plans to use the funding to expand its primary and secondary marketplaces, explore “multichain opportunities” beyond the Solana blockchain, and improve its products, among other things.
“We know that NFTs are the best way to bring people onto the blockchain,” Jack Lu, CEO of Magic Eden, said in a statement. “NFTs are exciting, social and cultural experiences that bring connectivity to the world. We’ve made the conscious decision to support both our creators and users through this tremendous era of growth for both the company and the industry.”
Magic Eden’s primary marketplace, Launchpad, is home to over 250 projects, while its secondary marketplace accounts for 92% of the ecosystem’s volume, despite OpenSea adding support for Solana NFTs back in April.
This comes just over three months since Magic Eden closed a $27 million Series A round led by Paradigm with participation from Sequoia, Electric, Greylock, Kindred, Variant, and Solana ventures.
The Waves
⌚ Hublot accepts crypto payments for limited-edition watch
🐕 Elon Musk doubles down on Dogecoin
👀 Moonpay launches NFT platform at NFT NYC
👍 Twitter’s board unanimously approves Elon Musk’s $44B takeover bid
Tech Special
Tech giants join Metaverse Standards Forum
Khronos Group, the multinational tech company behind the OpenXR standard, has brought together Microsoft, Meta, Unity, NVIDIA, Sony, and 30 other tech giants to form a standards group for metaverse tech.
According to a press release, the Metaverse Standards Forum will focus on “pragmatic, action-based projects,” such as hackathons and prototyping tools, to accelerate the testing and adoption of metaverse standards, while also developing consistent terminology and deployment guidelines.
Notably, the forum’s main goal is to ensure that a small group of industry leaders does not dominate the development of the metaverse. Instead, Khronos aims for it to be an open, inclusive, and collaborative ecosystem similar to the internet.
“Industry leaders have stated that the potential of the metaverse will be best realized if it is built on a foundation of open standards,” the group stated. “Building an open and inclusive metaverse at pervasive scale will demand a constellation of open interoperability standards.”
Amazon reveals new CEO of Worldwide Amazon Stores
With Amazon’s former retail CEO, Dave Clark announcing his resignation on June 3rd, the company has finally revealed who will be taking Clark’s position.
The company announced on its website that Amazon vet Dough Herrington will become the CEO of Amazon’s worldwide stores business.
Herrington has worked for Amazon for 17 years and has extensive experience in Amazon’s customer business. According to the announcement, Dough Herrington joined Amazon in 2005 and helped the company build out its Consumable business and launch AmazonFresh in 2007. Herrington also led all of the North American Consumer business back in 2015.
With Herrington stepping in as retail CEO, he has a tough road ahead since the growth of the company slowed down during the pandemic, as well as the company trying to bolster issues within its retail and logistic operations.
Former Amazon retail CEO Dave Clark’s resignation will be effective on July 1st, and he will be taking over the position of CEO at Flexport, which is a company that produces supply chain software.
Own and secure your crypto with Ledger
If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.
Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.
The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.
Share The Wave
That wraps up today's newsletter. Thank you for reading through, and we hope you liked today's content. Know someone else who would enjoy this newsletter just as much as you do? Send them to our website, and get them onboard the Waivly Crew and involved in The Wave. Get more from us on Twitter, Instagram, and LinkedIn.
Want more from us at Waivly? Join Waivly+, the premium Waivly membership with exclusive content, resources, giveaways, events, and so much more, all blended together into one super low-cost and quick to join subscription 🎉 Head over to our website and hit “Subscribe” to get onboard!
*Waivly+ is a premium Waivly membership. Join at anytime by clicking “Subscribe” on the Waivly website, and cancel anytime by heading to your account on Waivly.
*Waivly is an official affiliate of Ledger. See our Ledger Affiliate notice here.
Create your profile
Only paid subscribers can comment on this post
Check your email
For your security, we need to re-authenticate you.
Click the link we sent to , or click here to sign in.