Tech Brew Ride Home Thu. 03/03 – Epic Buys Bandcamp; Amazon Retrenches From Physical Retail
Mar 3, 2022
A Ukrainian minister is rallying tech support with innovative uses of cryptocurrency and plans to sell NFTs instead of airdrops. Epic Games makes headlines with its purchase of Bandcamp, aiming to enhance artist opportunities and expand its marketplace. Meanwhile, Amazon makes a surprising retreat from physical retail, closing multiple stores. The SEC's scrutiny of NFTs raises questions about regulation in the crypto space. Plus, Apple gears up for its anticipated 'Peak Performance' event while Google outlines plans for employees to return to the office.
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Ukraine's Crypto Fundraising
- Ukraine received over $50 million in crypto donations since February 26th, 2022.
- A planned airdrop was canceled due to scammers issuing a fake token, but it successfully boosted donations.
Fedorov's Digital Influence
- Mykhailo Fedorov, Ukraine's youngest cabinet minister, has effectively used Twitter to pressure tech giants.
- He even enlisted Elon Musk's help after previously being unable to secure a meeting.
Tech Companies Respond to Ukraine
- Following requests from Fedorov, SAP and Oracle have suspended operations in Russia.
- Spotify closed its Russian offices and removed RT and Sputnik content from the EU and other markets.