🎮 Earn Crypto Tokens by Taking Quizzes - This Crypto App is Taking Indonesia By Storm!

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Here’s what we got for you:

• 🌊 The SEA - Wild Cash - The “quiz-to-earn” crypto app is taking Indonesia by Storm

• ⛵ SEAppets - Surge unveils its eighth cohort of 12 startups across India and SEA

• 💰 SEA Deals

• 🖼️ AI Image of the day

• 🐣 Tweet of the day

Markets 📈

The SEA 🌊

Since the success of Axie Infinity, the play-to-earn crypto game app, there has been a flood of X-to-earn crypto apps coming into the market.

Recently, this new “quiz-to-earn” crypto app is taking Indonesia by storm.

I’m talking about Wild Cash.

🤷‍♂️ What is Wild Cash?

• Wild Cash is a crypto game app that pays users crypto tokens to take quizzes

• Since September 2022, it has ranked No. 1 on Google Play Store's trivia games category

• After launching on Binance's BNB Chain, it has also garnered 3 million monthly active users in the fourth quarter of 2022.

• The company behind Wild Cash is called Hooked Protocol, a crypto company that wants to provide Web3 infrastructure for new users entering the space with a gamified experience

🎮 How it works?

• Users create an account

• Answer a series of questions like “What is the currency of the US?” “Which of these Italian cities are further north?”

• In return, they get rewarded with $HGT tokens by end of the day

• They can either choose to withdraw or “stake” the token

💰 Funding

• Hooked Protocol has bagged USD $6 million through private token sales for its token Hook and USD $2.5 million through public sales

• The Hook token has been on a wild ride - starting at a mere USD $0.1, it's now soaring to USD $2.54, giving investors a whopping 25x return! Investors be like

Honestly, I’m not a fan of tokens and altcoins. I’m a Bitcoiner.

This is not investment advice, please do your own research before doing any sort of crypto investment so you won’t end up in the streets.

SEAppets ⛵

1. Surge, Sequoia Capital India and Southeast Asia's rapid scale-up program launched its 8th cohort, featuring 30 founders across 12 companies. These startups are building futuristic products in sectors such as climate tech, AI, metaverse, digital health and e-commerce. Half of the startups have at least one female founder. Surge provides up to USD $3 million in seed capital and company-building workshops to help early-stage startups in India and Southeast Asia.

2. Krenovator Technology Sdn Bhd, a Malaysia-based AI tech talent and placement platform has launched Abraham, an AI Coding Assistant that provides users with real-time feedback and suggestions to help them improve their coding skills. It supports 17 programming languages and frameworks and Krenovator plans to expand this list. The company also offers free coding and training modules and has been successful in helping over 200 qualified tech talents land jobs.

3. Converge ICT Solutions Inc. and South Korea's KT Corporation have agreed to pursue a potential business collaboration and partnership to provide digital transformation solutions for Philippine businesses. They will jointly pursue digital transformation solutions such as Video Surveillance as a Service (VSaaS) and Mobility as a Service (MaaS). KT Corporation is a leading telecommunications provider in South Korea that provides integrated wired and wireless communication solutions.

4. A study by SEEK, BCG and The Network revealed that one in three people in Southeast Asia and Hong Kong is actively looking for a job. Despite tech layoffs in the region, there remain abundant opportunities for tech talents. Jobseekers prioritize stable jobs with good work-life balance and prefer personal interactions in the recruitment process over advanced digital tools.

SEA Deals 💰

1. Durioo+ is a Malaysian Islamic-themed streaming platform for Muslim children, founded in February 2022. They recently closed a seed funding round of USD $2.85 million from investors such as Y Combinator, Uncommon Capital, Gobi Partners and Angel investors from companies like Google and Meta. Durioo+ plans to grow its viewership in the US, UK, Middle East, Indonesia and other South Asian countries. They have over 22,000 subscribers and have signed 27 partnerships with companies, government agencies and NGOs. They also have produced 20 original shows and licensed 1,500 episodes and they plan to hit 100,000 subscribers by 2023 and 1 million by 2026.

2. Una Brands, a Singapore-based e-commerce aggregator has raised USD $30 million in a pre-Series C funding round led by Northstar Group. The money will be used to develop its multi-channel platform further and strengthen its distribution networks in key markets. Northstar is a major SE Asian private equity with over USD $2.6 billion in committed equity capital. Despite being relatively new, Una Brands has achieved USD $70 million in run-rate revenue and is expected to be EBITDA profitable this year. Una Brands plans to acquire more brands in categories such as home and living, mom and baby, beauty and personal care.

3. Carro, Southeast Asia's largest used car marketplace has received an undisclosed amount of investment from insurtech company ZA Tech Global Limited. They have also signed a joint venture deal that will transform and streamline the online insurance process for customers and insurers. Carro will be able to use ZA Tech's platform, Fusion, to manage administrative tasks and embed insurance journeys for customers. The investment and joint venture will also allow Carro to power and transform the way consumers learn and buy insurance online.

AI Images of The Day 🖼️

Inside hacker’s bag in the 1990s

Tweet of The Day 🐣

If you take into account the commute time to work, what is your actual hourly wage?

That’s a wrap for today. See you all tomorrow! 👋

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