Blume ventures

Flow, one of the leading blockchains in the Web3 arena, has announced the launch of a new fund designed to spur innovation among those building apps, games, and digital assets in the Web3 space. advertisement Flow was originally developed by Dapper Labs, a Fast Company 2022 Most Innovative Company , and the company behind blockchain game hits like CryptoKitties and NBA Top Shot . Flow is currently the leading blockchain for NFT transactions. Flow’s new fund is called the Flow Ecosystem Fund and, with $725 million, is the largest ever joint endeavor aimed at expanding the blockchain ecosystem of any kind. The fund’s investors include Web3-investing heavyweights like a16z, Coatue, Union Square Ventures, Greenfield One, Coinfund, Digital Currency Group, and more. Flow says it will dole out the fund’s coffers to new and existing devs building products for the Flow blockchains, specifically focusing on those in the infrastructure, decentralized finance, gaming, … [Read more...] about Leading NFT blockchain Flow announces $725 million Ecosystem Fund to drive Web3 innovation

Share to Twitter Share to Linkedin Las Vegas is back in full force. Mask mandates have been lifted and the destination is busier than ever. For those who are headed out to Sin City in the coming months, there are plenty of new spots to check out. From swanky supper clubs to a lounge inspired by Paris, there’s no shortage of options when it comes to food and drinks. There’s even a unique Cirque du Soleil show, plus many other activities for some family-friendly fun. And if you have a go-to hotel on the Strip, you may just be surprised with some recently renovated accommodations at one of your favorite properties. Below, a full look at what’s new in Las Vegas for this summer. Restaurants Delilah While Delilah opened mid-July of last year, this is one spot you can’t miss if you weren’t able to make it this past summer. The restaurant is a modern take on a supper club, but done so in a way that still recalls the 1950s. Guests descend an imperial staircase … [Read more...] about Here’s What’s New In Las Vegas For Summer 2022

advertisement advertisement At a time when young companies struggle to find technology sectors not dominated by Silicon Valley’s giants , most startups remain oblivious to one of the largest markets in the world, the U.S. Defense Department. The military awarded $445 billion in contracts in 2020. By comparison, last year’s global market for software-as-a-service, one of the hottest sectors for startup creation and investment, was estimated at $104 billion . There’s a willing market here, too. The Pentagon is eager for help from the nation’s innovators. The military is clamoring for cutting-edge technologies in areas like artificial intelligence, machine learning, and autonomy. To attract interest the Defense Department is handing out unprecedented numbers of small contracts and in 2020 seeded 1,635 firms with more than $1.5 billion in early funding. Dozens of outreach programs across the military now offer quick revenue to early-stage companies. … [Read more...] about Why the defense industry could be the most transformative market for startups

Firefighters work at a site of a power substation hit by a missile strike, as Russia's attack on Ukraine continues. (Image credit: Reuters) Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. The moves, part of a broader corporate exodus from the country, are likely to stir concerns that Russian firms and institutions are snapping up prized assets for a bargain. Below is a list of firms by sector that have secured deals to sell their businesses in Russia: AUTOMAKERS INCHCAPE Close The British car distributor said it had agreed to sell its Russian business to local management. The sale will result in an exceptional non-cash loss before tax of about 240 million pounds ($294 million). RENAULT The French carmaker said on May 16 it will sell its majority stake … [Read more...] about Factbox-Companies sell their businesses in Russia

SCGP is producing more fiber packaging to meet growing demand. SCGP SCG Packaging Plc (SCGP) plans to spend 2.45 billion baht increasing its fibre packaging production capacity by 75,000 tonnes per year to meet demand growth as the economy recovers. The new capacity is scheduled for commercial operation in the middle of 2023, said Wichan Jitpukdee, chief executive of SCGP. Its latest investment is meant to level up SCGP's capabilities to deliver packaging solutions to customers, he said. The investment will also help the company maximise its asset utilisation and further develop production techniques with help from robotics and automation technologies as well as printing applications. Mr Wichan said the investment, which will be made through Thai Containers Group Company Ltd, a 70:30 joint venture between SCGP and Japan-based Rengo Company Ltd, will support machinery installation and be used as working capital. SCGP expects demand for corrugated cartons in Thailand to … [Read more...] about SCGP allots B2.45bn for output hike

Saudi Arabia's Minister of Investment, Khalid Abdulaziz Al-Falih, left, shakes hands with Sanan Angubolkul, chairman of the Thai Chamber of Commerce. The government is planning to import fertilisers from Saudi Arabia to ensure an adequate supply during the peak planting season, amid shortages in the wake of the Russia-Ukraine conflict, according to the Ministry of Foreign Affairs (MFA). Securing a deal on fertilisers was among the trade objectives of a Thai delegation led by Deputy Prime Minister and MFA minister Don Pramudwinai last week. The delegation met with Khalid Abdulaziz Al-Falih, Minister of Investment of the Kingdom of Saudi Arabia, in a bid to further restore economic relations. It was the first time in 32 years Thai dignitaries had set foot in Saudi Arabia for formal talks. The visit is part of efforts to rebuild investment opportunities and forge joint ventures after the restoration of full diplomatic ties between the two countries was announced after Prime … [Read more...] about Fresh start seeds new trade deals

Share to Twitter Share to Linkedin Democrats continue to decry high gasoline prices and accuse oil companies of price gouging, but lawmakers should consider whether their policies restricting domestic energy production are to blame for soaring consumer prices. Democrats may want to look in the mirror before pointing the finger at the people who create jobs and produce the energy this country runs on. The Democrats' own policies are causing the energy scarcity that's driving up prices. Oil and gas prices have risen because of falling supply. Less than a decade ago, there were 1,600 active drilling rigs in the country producing or searching for oil; now, there's a quarter of that number. There were twice as many drilling rigs operating in the Gulf of Mexico before the pandemic hit in spring 2020. That was also the last time oil was at or above $100 a barrel. Why? Because the energy sector faces severe supply chain shortages, including skilled … [Read more...] about Congress Picks Populism Over Increased Supply With Price Gouging Legislation

Share to Twitter Share to Linkedin The context is transitioning from fossil energy to renewables. One key aspect of this is transport via gasoline or diesel vehicles and its transition to electric motors driven by batteries or hydrogen. The fossil fuel industry should be concerned about the efficiency and cost of sustainable transport, because that will determine the speed of the transition which will likely affect the decline of oil production and perhaps the oil and gas industry itself. Elon Musk knows batteries. He builds them: to propel cars and trucks, at one bookend, to grid-scale behemoths that store and stabilize electrical power for hundreds of homes and commercial enterprises, at the other bookend. Last week, May 12, 2022, Musk said hydrogen “is the most dumb thing I could possibly imagine for energy storage.” This is not the first time, as Musk has made similar negative comments in past years. A few years ago, Musk told reporters that hydrogen … [Read more...] about Is Elon Musk Right Or Wrong To Dismiss Hydrogen Use For Low-Carbon Energy Storage?

Share to Twitter Share to Linkedin In the late hours Sunday into early Monday morning, the full moon will slip into Earth’s shadow, creating a total lunar eclipse that will tinge the night sky satellite with a reddish hue — this is what gives the phenomenon the nickname “blood moon.” But this time scientists suspect that the celestial event will produce a moon that looks more deep red than normal, thanks to a powerful event that happened not too long ago here on Earth. MORE FROM FORBES Exactly When To See This Weekend's Stunning 'Blood Moon' Total Lunar Eclipse From Every U.S. State By Jamie Carter In January, an underwater volcano erupted in the South Pacific near the uninhabited island of Hunga Tonga-Hunga Ha‘apai . The plume from the eruption was catapulted high into the atmosphere, reaching up to 36 miles in altitude. According to NASA, it’s likely the highest plume captured in the satellite era. “The intensity of this … [Read more...] about The ‘Blood Moon’ Total Lunar Eclipse Could Be Bloodier Than Normal