What’s Possible: 24th June, 2022

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

Decentralized science platform Molecule raises $13 million in seed funding

Molecule - a Possible Ventures portfolio company - delivers a platform where medical research projects can receive funding via decentralized autonomous organizations (DAOs), and has raised $13 million in seed funding in a round led by biotech venture capital firm Northpond Ventures. Other participants in the round included Backed VC, Shine Capital, Speedinvest and former Coinbase CTO Balaji Srinivasan. (read)

Silicon Quantum Computing announces world’s first quantum integrated circuit

Australian quantum computing manufacturer, Silicon Quantum Computing (SQC), has today announced the world’s first integrated circuit manufactured at the atomic scale.

Delivery of this atomic-scale integrated circuit, which operates as an analogue quantum processor, has come less than a decade after the team’s 2012 declaration that it had fabricated the world’s first single atom transistor and has been achieved two years ahead of schedule. (read)

Epoch Biodesign raises a $11Million seed to accelerate enzymatic solutions to biorecycle plastic waste.

Epoch, a Possible Ventures portfolio company, raised $11M in a recent seed funding round led by Lowercarbon Capital, to advance its development of the smart protein and begin scaling its solution.

With a combination of proprietary computational and experimental tools, Epoch uses biology to develop natural solutions to unnatural problems. Its first solution is biorecycling: a tuneable enzymatic process to transform plastic waste into everyday chemicals. (read)

Solana Labs launches mobile platform, reveals Android smartphone

Solana Labs has announced an Android-based software kit for developing mobile Web3 apps. The firm will also release its own smartphone called Saga, which will be released in 2023. (read)

Immutable launches $500M fund to boost web3 gaming adoption

Immutable’s main goal is to enable the next generation of web3 gaming at scale, Ferguson said. Gaming developers and IP holders already building on its platform include GameStop, TikTok, OpenSea and Illuvium, to name a few. (read)

Interesting adjacencies

• Kara Swisher x Chris Dixon: As Bitcoin busts, what’s the future of Web3 … and what even is Web3 (listen)
• Bessemer: What’s driving innovation in Machine Learning? (link)

If you'd like to see more of what we’re exploring at Possible Ventures, you can follow us on Twitter.

‍