To date, much of the craze for NFTs — cryptographically unique tokens tied to creative works — has centered on the art world, where Christie's recently sold one NFT for a whopping $69 million. But NFTs have found a more down-to-earth niche via their use in the world of sports.
What's happening: A collection of investors, professional athletes and sports leagues are betting that the business of fans purchasing and trading NBA Top Shots — NFTs tied to key moments in past NBA games, which have already done hundreds of millions of dollars in business — will keep growing.
IBM and the Cleveland Clinic are launching a 10-year partnership to apply advances in AI, high performance computing in the cloud and quantum computing to research on viral pathogens and drug development.
Why it matters: The effort aims to ease bottlenecks in collecting, storing and analyzing data and speed research on viruses and cancers caused by them.
Substack is raising $65 million in new venture capital funding that would value the company at around $650 million, Axios has learned. Existing investor Andreessen Horowitz is leading the round.
Why it matters: Substack, which provides a platform on which writers can publish paid email newsletters and keep most of the revenue, has seen its popularity soar.
Game publisher CD Projekt Red rolled out a massive downloadable patch for “Cyberpunk 2077” today, promising that the update will apply over 500 fixes and improvements to the futuristic action-adventure.
Why it matters: “Cyberpunk 2077” was one of 2020’s most-hyped new video games, but it launched in December in rough shape and became one of the industry’s biggest debacles. Today’s patch is part of an attempt to meet the game’s original expectations.
A Tampa-area man lost his job at a marketing and web design company after a TikTok user exposed his video advertising a fake COVID-19 vaccine card business.
Why it matters: Without an official database for verifying vaccinations, those little pieces of paper are currently the best source of proving vaccination status — and vaccines remain our best chance to reach herd immunity.
Facebook, Microsoft and Uber have all announced plans to begin letting some general workers back into their offices, albeit at reduced levels.
Why it matters: Unlike the rapid shuttering of offices a year ago at the start of the pandemic, the reopenings are expected to be phased and gradual, with many companies foreseeing a hybrid environment where many workers come in only part of the week.
Amazon has launched a sharp-elbowed PR offensive on social media in response to a sea of pressure from workers, politicians and regulators.
Why it matters: It's a risky move that could help fight short-term battles but also risks establishing a pattern of antagonism against people and groups that could be thorns in the company's side for years to come.
A Google policy alum Monday launched Chamber of Progress, a new center-left tech coalition that will advocate policies the industry supports as regulatory scrutiny intensifies.
The big picture: Tech's cozy relationship with Washington during the Obama years is long over. At the same time, the tech industry generally supports progressive policies embraced by Democrats currently in power.