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Many brands are starting to see a recovery despite the challenges initially posed by the pandemic. Some companies, especially those that have focused their efforts on expanding e-commerce businesses, have even seen their profits increase even more than before.
HYPEBEAST has put together the best trading and crypto stories of the week so you can stay on top of trends across industries.
Company 1. Warby Parker has applied for a listing on the stock market
In its file, the eyewear retailer noted a 53% increase in revenue this year. The company announced a valuation of US $ 3 billion.
2. Walker Wear allegedly sued Off-White for a “WW” brand
Walker Wear claims that a jacket from Off-White features a design almost identical to the design of Walker Wears’ WW XXL Athletic brand. The New York streetwear brand is said to be claiming pecuniary damages.
ICYMI: Off-White is being sued for allegedly infringing the 30-year-old streetwear brand Walker Wears WW. https://t.co/7x83VUFKKg pic.twitter.com/LE4yWagERj
The Fashion Law (@TheFashionLaw) August 26, 2021
3. Swiss Shoes LabelOn has filed an IPO application
The label backed by Roger Federer should aim for a valuation of between 4 and 6 billion US dollars. It is expected to appear on the New York Stock Exchange under the symbol ONON.
4. Microsoft and Google have pledged US $ 30 billion to improve cybersecurity
The two companies have now pledged US $ 30 billion to ramp up their cybersecurity efforts over the next five years. Other smaller organizations such as Code.org, IBM and Girls Who Code have also announced plans to increase cybersecurity efforts.
5. Virgin Hyperloop has posted a video explaining how their futuristic high-speed transportation system will work
The company successfully tested its hyperloop system with human passengers in November. The vehicles will eventually accommodate up to 28 passengers at speeds over 670 mph (over 1000 km / h).
#Hyperloop, explained. pic.twitter.com/DSzJpiK9Pg
Virgin Hyperloop (@virginhyperloop) August 23, 2021
Crypto 1. PayPal has extended its cryptocurrency support to the UK
The new service in the UK will allow users to buy, hold and sell cryptocurrencies. Supported currencies include Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
2. Naomi Osaka releases her own NFT “Preseason Access” collection
The 23-year-old tennis star has partnered with the Tom Bradys NFT Autograph platform for an assortment of blockchain-backed preseason access passes. The OsakasNFT come in different Carbon Premier, Platinum Premier, Emerald Premier, Sapphire Premier and Ruby Premier levels which differ in exclusivity and price.
3. Fidenza NFT art blocks sold for US $ 3.3 million
ArtistTyler HobbsFidenzaline consists of 999 unique art blocks depicting a pattern of colorful squares and rectangles generated via an algorithm. The Fidenza # 313 series recently sold for 1,000 ETH, which was just over US $ 3.3 million at the time of the trade.
4. ‘Entourage’ Producer Rob Weiss Develops Cryptocurrency Culture Show
A new scripted cryptoculture TV show is in development with help from Emmy-nominated Entourage producer Rob Weiss. The comedy series follows a tech founder named Mel who throws a token after her friend goes missing.
5. The hacker behind the Poly Network heist finally returned all the stolen funds
Over US $ 600 million in various cryptocurrencies were stolen by hackers earlier this month. The hacker declined a bounty of $ 500,000 and returning part of the final funds left a message for the platform apologizing for the inconvenience and urging them to distribute any additional assets to the victims of the hack.
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