Nov 5, 2021
Palo Alto, California Nov 4, 2021 (Issuewire.com) - Foley & Lardner LLP represented LG Technology Ventures on its participation in The Sandbox's $93 million Series B fundraising round. The Sandbox is a metaverse that offers players and creators a decentralized platform to create 3D worlds and game experiences, as well as to store, trade and monetize their creations. It is a subsidiary of Animoca Brands, which develops and publishes products in digital entertainment, blockchain and gamification.
The Sandbox team will use the investment to scale its growth as an entertainment destination for brands, intellectual properties, and celebrities to engage with fans through virtual experiences. Its metaverse is made up of non-fungible tokens called Land, which players can buy to host games, build multiplayer experiences, create housing or offer social experiences to the community.
The Foley team was led by Partner Louis Lehot with assistance from Associate Ashley Youn-Jae Lee.
Media Contact
Louis Lehot
Source :Foley & Lardner LLP
This article was originally published by IssueWire. Read the original article here.
For the past three years, much of the AI debate inside Southeast Asia’s engineering teams has centred on a familiar question: which model is best? Founders, CTOs and developers compared GPT-4, Claude, Codex, Cursor and open-weight models on code completion, documentation, debugging and speed. For many startups, the first wave of AI developer adoption meant […] The post Why Southeast Asia’s AI coding race is moving from models to infrastructure appeared first on e27.
Bitcoin rose 1.81 per cent to US$86,350.24 in 24 hours, slightly outperforming the broader market, which gained 1.45 per cent. The move looks modest on the surface. Underneath, two forces drove the gain. Renewed spot ETF demand and a softer macro backdrop gave the largest cryptocurrency a firmer floor. A short squeeze then amplified the […] The post Bitcoin jumped 1.81% to US$86,350.24. Is this a real breakout or a short squeeze? appeared first on e27.
In my work with organisations, I often hear people describe barely adjusting to one restructure before the next one begins. The remark is usually made in passing, which tells you something on its own. Change has become familiar enough that people know how to keep functioning through it, even while they are worn out by […] The post Change fatigue is an organisational design problem, not a resilience problem appeared first on e27.
Progressive Sen. Bernie Sanders (I-Vt.) on Sunday backed Pope Lepo XIV’s call to prioritize art made by humans over that made by artificial intelligence (AI). “Pope Leo is right. Art is not some kind of superfluous luxury that can be eliminated from our lives. It is a crucial part of the human experience,” the Vermont...
In February 2023, the budget shopping platform Temu announced itself on the world stage in the brashest way possible: becoming one of the youngest ever brands to buy a Super Bowl advertising spot. “Download the Temu app and shop like a billionaire,” a voice proclaimed in the 30-second commercial, as a woman danced on screen and ordered a series of outlandishly cheap items: from a US$8.99 dress to a US$4.99 wig. The commercial – which aired twice during the game, costing Temu an estimated US$14...
The months after a funding round can make a company look dramatically stronger. Revenue rises. The team grows. New markets open. Customer logos multiply. The board deck becomes easier to read because almost every chart is moving in the right direction. But the harder question is not on the dashboard: after the round, what became […] The post A funding round can improve your metrics without improving your company appeared first on e27.
This week, two numbers came out of the same region within days of each other, and almost nobody put them side by side. On September 3, Singapore’s central bank committed SG$220 million over three years to fintech and AI infrastructure under a fourth-generation innovation scheme. Around the same time, a Tracxn landscape report showed Southeast […] The post Everyone can build with AI now. Almost nobody can see what’s coming appeared first on e27.
President Trump on Sunday morning announced the creation of the "Super IntelligenceForce" amid his push to keep the U.S. in the lead on artificial intelligence development after warnings from the technology's researchers. The task force will be led by Director of National Intelligence Jay Clayton, whom The Wall Street Journal reported is expected to be...
A wave of account takeover attacks involving artificial intelligence (AI) against major banks is testing their defenses and putting personal cybersecurity in the spotlight. Shinhan Bank disclosed Thursday that the information of about 25,000 people had been leaked. A day later, KB Kookmin Bank and Hana Bank confirmed breaches affecting 119 and 89 people, respectively. Woori Bank and NH NongHyup Bank also reported suspected hacking attempts. The incidents have raised suspicions that AI was used to automate the attacks. Consumers have little control over breaches within companies. But the steps they take afterward can go a long way toward preventing exposed login details from putting their other financial and shopping accounts at risk. Security experts say two measures can substantially reduce the risk of account compromise — using a unique password for each service and enabling multifactor authentication. A key danger following a leak is credential stuffing. This involves using automated software to test usernames and passwords stolen from one platform across numerous others, from banki
Once the Paramount and Warner Bros. merger is finalized, the resulting media empire will fall under a new name.
The objective of NASA's machines is to act as a hands-on support team for the crew while on the moon.
TOKYO, Japan – Monster Hunter Outlanders will launch globally on October 29, 2026, (excluding mainland China), bringing Capcom’s iconic monster-hunting franchise to mobile devices. The game is positioned as a more accessible entry point for both longtime fans and newcomers. While Monster Hunter Outlanders marks a significant shift for a franchise traditionally associated with PC
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.