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"Many believe that the metaverse will not only be the next great computing platform — one that rivals the internet itself — but also a virtual world where billions of people come to transact trillions of dollars."

So says a new report issued Tuesday by L.A.-based MaC Venture Capital. Entertainment reporter Sam Blake talks with their general partner about what it could mean for investing.

Amazon Fresh will open one of its next new 'smart' stories in Long Beach.

Also, Amazon announces a new way to pay with your palm at its stores.

Trym raises $3.1 million for its cannabis growing SaaS platform.

TikTok launches an election guide with its app.

Spotify adds more functionality to its collaborative playlists.

Disney Play creates a new feature to allow viewers to watch together, virtually.

The dot.LA Summit is coming in October, featuring cutting-edge programming, fast-pitch competitions, networking, workshops, social events and a live awards show. See the speakers list and register for early bird prices here!

MaC Venture Capital's Investing Strategy for the Metaverse

Much of the firm's new report is devoted to the techniques and tools that gaming has popularized over the years, and how they're fast proliferating into areas as diverse as retail, film production, medicine and national defense. Read more >>

Disney Lays Off 28,000 at U.S. Theme Parks

Mass layoffs are coming to the happiest places on Earth — after the pandemic devastated Walt Disney World and kept Anaheim's Disneyland Resort shuttered for six months. Read more >>

Watch Techstars Demo Day with Us

Next Thursday, October 8, dotLA and Techstars LA are teaming up to bring the signature event capping the annual Techstars LA class. Same great startups, community building and networking - just virtual this year. It's free! Watch it here >>

Nominate Innovators for dot.LA's Startup Awards

We are thrilled to announce the first dot.LA Startup Awards 2020, a celebration of the most innovative people and companies in the L.A. startup and tech community, on Wednesday, October 28th. See the award categories and nominate companies >>

dot.LA Summit Website is Live!

The inaugural dot.LA Summit on October 27th and 28th will feature a selection of disruptive and innovative L.A.-based startups, keynote speakers and panelists, made up of founder CEOs and C-level executives working in tech, media, entertainment and healthcare. See the growing speaker list and register here!