5 Key Stories From The Digital Worlds

May 17

BY NABYL CHARANIA

1. 

WORLD BANK AND CBA PARTNER TO ENABLE SECONDARY BOND TRADING RECORDED ON BLOCKCHAIN

  • Making this the first bond whose issuance and trading are recorded using distributed ledger technologies.
  • Illustrates the vast potential to enhance the co-ordination of securities trading and management on blockchain.
  • Blockchain has the potential to streamline processes for raising capital and trading securities, improve operational efficiencies, and enhance regulatory oversight.

2. 

WALMART’S BATTLE WITH AMAZON HAS NEW FRONTS: DIGITAL ADS AND A.I.

  • Acquired Silicon Valley-based Polymorph labs, with the goal of using the start-up’s technology to make advertising with Walmart easier for small brands.
  • Bought Aspectiva, a start-up that looks at a customer’s browsing behavior and helps make product recommendations.
  • The company started rolling out next-day delivery for online orders in three markets in the U.S., with plans to reach 75% of the country before the year is over.

3. 

TIKTOK TOPS THE IOS APP STORE FOR THE FIFTH QUARTER IN A ROW

  • Saw more than 33 million App Store downloads during Q1, and was followed by YouTube, Instagram, WhatsApp and Messenger to round out the top five.
  • With a bigger footprint in emerging markets and a larger total user base, Android trends can look different from those on iOS.
  • Though not the top app on Android, TikTok still had a huge quarter — particularly in India, where 88.6 million new users installed the app in Q1, up 8.2 times over Q1 2018.

4. 

OCULUS QUEST WILL HAVE 1 MILLION YOUTUBE VR VIDEOS AT MAY 21 LAUNCH

  • YouTube VR app offers headset wearers the ability to search for videos by voice.
  • Also have access to at least a million stereoscopic 3D videos with panoramic 360-degree support, along with depth- and distance-based spatial audio.
  • While the Quest version will run at the same frame rate, it will support room-scale tracking for enhanced freedom of motion within VR environments.

5. 

QUICK NOTES ON THE FIVERR IPO FILING

  • Since its inception in 2010, Fiverr has raised a total of $111 million.
  • Fiverr is not a SaaS company, so we are not looking at recurring revenue today.
  • company details in its F-1 that it drives revenue “primarily through transaction fees and service fees.”