What’s Possible: 11th March, 2022

We hope you enjoy this week's hand-picked selection of important and interesting stories from the frontiers of tech.

NFT startup Immutable valued at $2.5 billion

Possible Ventures portfolio company Immutable has closed a $200m Series C financing round led by Singapore's Temasek, valuing the company at $2.5bn.

Big news, not just for the global gaming industry, but for the entire Australian tech. ecosystem. Congrats to Robbie Ferguson, James Ferguson and everyone at Immutable. (read)

DAOs rebuild community and rekindle ambition

In 2022, the Tech Moonshots Project brings out some new themes, including Balaji Srinivasan highlighting the potential that digital autonomous organisations have for community in the 21st century. (read)

Venture Firm Bessemer Creates DAO, Earmarks $250 Million for Crypto Deals

Venture capitalists’ efforts to earn the respect of sought-after cryptocurrency entrepreneurs have reached a new peak: The biggest firms are now starting decentralized autonomous organizations, communities that pool cryptocurrency tokens and vote collectively on the group’s activities. (read)

Payments Giant Stripe Launches Support for Crypto, NFTs

Today, the global payments giant launched its crypto services, offering businesses the ability to use Stripe as a payment method for crypto and NFT transactions. Stripe is offering payout services for Web3 companies as well as know-your-customer (KYC) and fraud prevention. (read)

John Collison @collision

Stripe now supports crypto businesses: exchanges, on-ramps, wallets, and NFT marketplaces. Not just pay-ins but payouts, KYC and identity verification, fraud prevention, and lots more. stripe.com/use-cases/cryp…

4:43 PM ∙ Mar 10, 20223,695Likes793Retweets

Grant Supports Development of Training for Psychiatrists in Psychedelic Medicine

Physician-scientists at three major U.S. medical schools will collaborate to develop a curriculum to train psychiatrists in the practice of psychedelic medicine. (read)

Interesting adjacencies

• Electric Capital raises $1 billion to fund crypto networks, Web3 protocols, and blockchain-enabled businesses. (link)
• a16z: Go-to-Market in Web3: New Mindsets, Tactics, Metrics. (link)
• The exciting future of consumer neurotech. (link)
• Mapping drug development in Psychedelics. (link)
• An inside look into Conti, one of the world’s most notorious cyber gangs. (link)

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