Highlights of the Week: Key Investments in AI, IT, Web3, and Cryptocurrency (April 29 - May 3)
In Brief
A broad range of significant investments in AI, IT, Web3, and crypto is showcased in this week's summary. Notably, BlackRock's investment in Securitize underscores the increasing fascination with tokenisation. Additionally, BAXUS successfully raised $5 million to evolve its Web3 marketplace for alcoholic beverages. In another development, Supercell and Mitch Lasky guided a $3.2 million funding round for GFAL aimed at advancing Web3 gaming. Furthermore, Microsoft announced a monumental $2.2 billion investment in Malaysia to enhance cloud services and AI functionalities.
BlackRock Commits $47 Million to Securitize
BlackRock has pledged $47 million to Securitize, a company focused on tokenisation. This investment will empower Securitize to advance its efforts in utilizing ledger technology to modernize financial markets. Other financial firms like Tradeweb Markets, ParaFi Capital, and Hamilton Lane participated in this funding round, reflecting a growing curiosity in real-world assets (RWA).
BAXUS Secures $5 Million to Enhance the Web3 Alcohol Market
BAXUS successfully secured $5 million funding from Multicoin Capital and contributions from notable angel investors such as Solana Ventures, Narwhal Ventures, and FJ Labs. This infusion of capital is aimed at expanding their vaulting and detection technologies to cater to the increasing demand for premium alcoholic products. The platform, powered by Solana’s open payment system, seeks to lower costs, enhance transparency, and bring liquidity to a historically fragmented market.
Supercell and Mitch Lasky Raise $3.2 Million for GFAL
In a recent fundraising round led by Benchmark and Supercell Ltd., Web3 gaming developer GFAL has attracted $3.2 million. This funding will bolster their core development team and accelerate project timelines. This funding round builds upon the impressive $4.4 million they raised through token pre-sales earlier in 2023, earmarked for the upcoming launch of their game 'Elemental Raiders.'
Microsoft to Invest $2.2 Billion in Malaysian Cloud and AI Initiatives
Microsoft Corp. has announced a major investment of $2.2 billion in Malaysia, focusing on the development of cutting-edge cloud technologies and AI. This initiative aims to partner with local authorities to create a National AI Center, enabling businesses, residents, and developers in Malaysia to drive inclusive economic growth. Notably, Microsoft aims to provide AI education to 200,000 Malaysians as part of their broader commitment, which aligns with their initiative to train 840,000 individuals in Indonesia on AI skills.
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Disclaimer
In line with the Trust Project guidelines Victoria is an insightful writer with expertise across a variety of technology topics, from Web3.0 and AI to the evolving world of cryptocurrencies. Her breadth of experience enables her to craft engaging articles for a wide audience.
