NFT paintings sells for $69M


The artist Beeple scores an enormous NFT sale, Twitter Areas are coming quickly and Seth Rogen’s weed startup launches within the U.S. That is your Every day Crunch for March 11, 2021.

The massive story: NFT paintings sells for $69M

For the primary time, public sale home Christie offered a digital-only paintings: “Everydays — The First 5000 Days,” a collage of a number of years of sketches from the artist Mike Winkelmann, who’s identified on-line as Beeple.

Sure, it’s one other a type of NFT (non-fungible token) gross sales you’ve been listening to a lot about for the previous few weeks. And this one got here with probably the most eye-catching price ticket up to now, with bids within the ultimate two hours escalating from $14 million to $69 million.

Whereas crypto and NFT fanatics seemingly drove a lot of that bidding, that is actually going to make the artwork world sit up and take discover — not simply on the subject of promoting digital artwork, but in addition doubtlessly as a method to document and switch proof of possession for any artwork.

The tech giants

Twitter Spaces to launch publicly next month, may include Spaces-only tweets — The social community’s Clubhouse rival is working towards a public launch in April.

Facebook is bringing ads to shorter videos and Stories — Fb is increasing its monetization choices for video creators, which most likely means extra advertisements for viewers.

Google paves way to monetize Pay users’ data in India — Google says it would roll out an replace to Google Pay subsequent week asking customers to decide on whether or not they want to share information with the corporate.

Startups, funding and enterprise capital

Seth Rogen and Evan Goldberg want to be your weed dealer — Seth Rogen and 4 friends-turned-co-founders have been constructing Houseplant for near 10 years, and its merchandise are actually out there in the US.

Epidemic Sound raises $450M at a $1.4B valuation to ‘soundtrack the internet’ — Epidemic’s audio market at the moment options round 32,000 music tracks and 60,000 sound results.

Indy-based High Alpha Capital launches new $110M fund — The agency focuses on B2B SaaS startups.

Recommendation and evaluation from Additional Crunch

Five takeaways from the Coursera IPO filing — The corporate continues to be unprofitable, regardless of the pandemic’s increase to its enterprise and buyer base.

Does your VC have an investment thesis or a hypothesis? — OpenVC has recognized six widespread patterns of how VCs articulate their theses and a few finest practices in doing so.

Bessemer’s 2021 cloud report provides context for soaring software startup valuations — Development charges amongst cloud firms ought to show extra sturdy than almost anybody anticipated.

(Additional Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)

All the things else

Everything you missed from TC Sessions: Justice — In the event you didn’t have an opportunity to hitch us final week, you may nonetheless make amends for all of the conversations.

The 2021 Volkswagen ID. 4 ticks all the boxes, except one — The electrical crossover gives loads of vary at an inexpensive worth.

Eye, robot — Our newest robotics roundup covers the surgical, meals supply and ocean mapping robots, in addition to the return of an lovely good friend.

The Every day Crunch is TechCrunch’s roundup of our greatest and most essential tales. In the event you’d prefer to get this delivered to your inbox daily at round 3pm Pacific, you may subscribe here.



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