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Grab’s Technology Head Departs to Lead Metaverse Gaming Firm Ethlas: Report
Many high-level executives of traditional technology firms have left their jobs to dive into the metaverse, with Grab’s head of technology, Wui Ngiap Foo, being the latest.
Updated May 11, 2023, 4:03 p.m. Published Mar 30, 2022, 10:03 a.m.
The head of technology at Asian ride-hailing app Grab, Wui Ngiap Foo, is leaving the company to lead a metaverse gaming firm, according to a Bloomberg report on Wednesday.
- Foo will depart from Grab on March 31, and will join Ethlas as CEO and co-founder, the report said.
- He had worked at the Singapore-based company for six years and seven months, according to his LinkedIn profile.
- During his tenure, Foo helped Grab combine its business with Uber’s Southeast Asia division in 2018 and later led the collaboration with Microsoft (MSFT). He was also Grab’s head of integrity and oversaw the company's identity, trust and safety functions.
- Ethlas was founded in 2021 and is a blockchain-based gaming platform that allows players to accrue crypto tokens.
- The metaverse has risen in popularity and has been called a trillion-dollar opportunity by crypto investment giant Grayscale, which is a subsidiary of CoinDesk’s owner Digital Currency Group. Recently, 70 fashion brands held a fashion week in the metaverse and even big banks, such as JPMorgan (JPM) and HSBC (HSBC) have also joined the metaverse.
- Foo, Ethlas, and Grab were not immediately available for comment when contacted by CoinDesk.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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