Many brands are beginning to recover despite the initial challenges of the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before.
We has rounded up the top business and crypto stories of the week so you can stay in the know about trends across industries:
Warby Parker filed to go public in a direct listing. In its filing, the eyewear retailer noted a 53 percent rise in revenue this year. The company was valued at $3 billion USD. Walker Wear has reportedly sued Off White(tm), claiming that it infringed the “WW” trademark of Walker Wear, a streetwear brand that dates back to 30 years.
Swiss footwear label On has filed for an IPO. The Roger Federer-backed label is expected to seek a valuation between $4 billion and $6 billion USD. It will be listed on the New York Stock Exchange under “ONON” symbol.
Microsoft and Google have committed $30 billion USD each to improve cybersecurity. Code.org and IBM, as well as Girls Who Code, have announced plans to boost cybersecurity efforts.
Virgin Hyperloop has released a video explaining its futuristic high speed transportation system. The company tested its hyperloop system in November with human passengers. These vehicles can carry up to 28 people at speeds exceeding 670 mph (more than 1000 km/h).
PayPal expanded its cryptocurrency support to the United Kingdom. The new service in the U.K. will allow users to buy, hold and sell cryptocurrencies. The supported currencies are Bitcoin, Ethereum and Litecoin.
Naomi Osaka has her own Preseason Access NFT collection. The 23-year old tennis star teamed up with Tom Brady’s NFT platform Autograph to create a variety of preseason access passes that are blockchain-backed. Osaka’s NFTs are available at different levels, including Platinum Premier, Emerald Premier (Silver Premier), Sapphire Premier, Ruby Premier, Carbon Premier. These NFTs can be purchased at different prices and with different exclusivities.
Fidenza art blocks NFT were sold for $3.3million USD. Artist Tyler Hobbs’ Fidenza range consists of 999 unique Art Blocks that depict a pattern of colored squares and rectangles created via an algorithm. Fidenza #313 sold recently for 1,000 ETH.
Rob Weiss, an Emmy-nominated Entourage producer, is creating a new show about cryptocurrency culture. This comedy series is about Mel, a tech founder who launches a token in memory of her friend who has disappeared.