It was while sourcing manufacturing equipment for Tesla factories that Will Drewery drew inspiration for Diagon, a startup that helps manufacturers procure equipment.
Companies in fields like automotive and aerospace can identify qualified suppliers from Diagon’s network of equipment suppliers, system integrators and service providers.
East Coast originsThe journey to Diagon for Drewery, who spent most of his career as an equipment buyer, started in Pittsburgh.
“This is why I felt the market needs a Diagon,” Drewery said.
“Now we are developing tools that help customers find suppliers better or help them interpret and summarize quotes better,” Drewery said.
The global demand for wood could grow by 54% between 2010 and 2050, according to a study by the World Resources Institute.
While some building materials like steel get consistently recycled back into the supply chain, wood does not.
Cambium looks to build the supply chain that keeps wood from being wasted by connecting those with already-been-used wood to the businesses and folks that need it.
“We’re building a better value chain where you can use local material, you can use salvaged material, and all of that is connected through our technology,” Christensen said.
And we do that in a really efficient and cost competitive way.”Demand for more sustainable wood has been growing in recent years, Christensen said, but before Cambium there wasn’t a good system to find the recycled wood.
Welcome to TechCrunch Crypto, formerly known as Chain Reaction.
Hello and welcome back to the TechCrunch Crypto newsletter.
This week in web3Crunching numbersThis week the crypto market prices were lower, but still relatively strong compared to previous months.
Bitcoin was down 6.5% on the week at $67,300 and 32% higher on the month, at the time of publication.
This kickstarted her career in web3, data and AI solutions.
Update: Starbucks announced Friday that it’s discontinuing its NFT program, to “prepare for what comes next as we continue to evolve the program,” according to an FAQ page.
“I think this year we’re going to see a lot of community-based brand building,” he shared on TechCrunch’s Chain Reaction podcast.
Starbucks launched Starbucks Odyssey in 2022 as its initial foray into the web3 world.
The experience combined the company’s Starbucks Reward loyalty program with NFTs to enhance customer experiences, TechCrunch previously reported.
Subscribe to Chain Reaction on Apple Podcasts, Spotify or your favorite pod platform to hear more stories and tips from the entrepreneurs building today’s most innovative companies.
Two months ago, media giant Fox Corp. partnered with Polygon Labs, the team behind the Ethereum-focused layer-2 blockchain, to tackle deepfake distrust.
Fox and Polygon launched Verify, a protocol that aims to protect their IP while letting consumers verify the authenticity of content.
“When you put that content on chain, you can now validate that content was created by a certain individual or brand,” Blank said.
This story was inspired by an episode of TechCrunch’s podcast Chain Reaction.
Subscribe to Chain Reaction on Apple Podcasts, Spotify or your favorite pod platform to hear more stories and tips from the entrepreneurs building today’s most innovative companies.
Welcome to TechCrunch Crypto, formerly known as Chain Reaction.
Hello and welcome back to the TechCrunch Crypto newsletter.
We discussed spot bitcoin ETFs, regulation of digital assets and what the next era for crypto could look like.
This week in web3Crunching numbersAs mentioned, this week the crypto space saw all-time highs for bitcoin.
In a first for Chain Reaction, we also minted this podcast on Zora’s platform, which you can check out here.
Log4j, maybe more than any other recent security issue in recent years, thrust software supply chain security into the limelight, with even the White House weighing in.
Some of those may be in libraries that aren’t even used when the container is in production, but they are vulnerabilities nevertheless.
According to Slim.ai‘s latest Container Report, the average organization now deploys well over 50 containers from their vendors every month (and almost 10% deploy more than 250).
Yet only 12% of the security leaders who responded to Slim.ai’s survey said they were able to achieve their own vulnerability remediation goals.
Most companies see some disruptions multiple times a week because they detect a vulnerability in a production container, for example.
Benefitting from that long-term trend is SME-focused, customized merchandise startupBizay, which has been able to raise a significant funding round, even in this relatively flat market of 2023.
The round was led by previous lead investor Indico Capital Partners which was once again joined by fellow Portugal investors Iberis Capital and Lince Capital.
That takes Bizay’s total funding to €72 million ($79 million), though, when asked what they think the company’s valuation is now, a spokesperson demurred.
What’s also partly going on out there is an explosion in the creative economy, where — for instance— influencers are hooking up their various social platforms to customized merchandise platforms in order to, frnakly make some damn money.
We believe this can be replicated in the US market and we are backing the team again to execute that expansion.
Hackers compromised the code behind a crypto protocol used by multiple web3 applications and services, the software maker Ledger said on Thursday.
The company says it has sold six million units of its hardware wallet, and Ledger Live, its software equivalent, is used by 1.5 million users.
That would allow the hackers to drain the crypto inside users’ wallets — so long as the users accepted the push to connect their wallets to the malicious Ledger version.
ZachXBT, a well-known independent crypto researcher, wrote on X that one victim had more than $600,000 in crypto drained from their account.
Several blockchain security researchers, as well as people who work in the web3 industry, warned users on social media of the supply chain hack against Ledger.
On July 3rd, 2018, Bitcoin Cash (BCH) celebrated its first anniversary. This year has been a whirlwind for the BCH community as they’ve seen tremendous growth and stability in their…
