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Kobe Bryant’s Legacy Will Live On—In the Metaverse
Decerry Donato
Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.
NBA fans may be able to see the late Kobe Bryant again one day—in the metaverse.
The Los Angeles Lakers legend’s estate filed three trademark applications—for “Kobe Bryant,” “Mamba Forever” and “Mambacita” (in reference to Bryant’s late daughter Gianna)—with the U.S. Patent and Trademark Office on Jan. 28, according to Business Insider. The trademarks cover “virtual and digital interactive representations” of both Bryant and his daughter “for use in virtual experiences and the metaverse,” as well as “virtual and digital goods” including art, avatars, games, trading cards and NFTs.
It’s been more than two years since Bryant, his daughter and seven other people died in a January 2020 helicopter crash in Calabasas, stunning the Southern California region and the wider world. Last month, a bronze statue of Kobe and Gianna Bryant was unveiled at the crash site in the memory of the Lakers legend and his daughter, a youth basketball player in her own right.
Since the accident, Bryant’s estate—led by his widow Vanessa— has trademarked footwear, apparel and wine under Kobe Inc., a brand development firm Bryant created in 2013 to control his business interests. Those interests may soon extend to the metaverse, with the much-hyped virtual realm emerging as a platform through which brands and businesses can expand their reach.
“There’s been this avalanche of trademark filings from different companies and celebrities to protect their rights as it pertains to things in the metaverse,” Washington-based trademark lawyer Josh Gerben told Bloomberg.
In December, brand management firm Authentic Brands filed trademark applications on behalf of Shaquille O’Neal, Bryant’s old Lakers teammate and frenemy, that cover Shaq’s name and likeness in the metaverse.
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Decerry Donato
Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.
California Bill Would Let Parents Sue TikTok, Snap for Kids’ Social Media Addictions
04:47 PM | March 17, 2022
Photo by Árpád Czapp on Unsplash
California parents would be able to sue social media giants like TikTok and Snap for addicting their children to online apps under a new bill proposed by state lawmakers.
The legislation, called the Social Media Platform Duty to Children Act, would hold social media companies accountable even if they did not deliberately make their platforms addictive. The proposed law would leave them open to lawsuits and civil penalties if they “knew or should have known” that their platform is addictive and harmful to children, according to the bill.
The legislation is the latest political effort to reign in big tech and address concerns that social media is damaging to children. Federal lawmakers in Washington have grilled tech executives about child safety, while state attorneys general are investigating social media giants over how their design, operations and promotional features could be bad for kids.
The bipartisan California bill comes from Assemblymembers Jordan Cunningham, a Republican from San Luis Obispo, and Buffy Wicks, a Democrat who represents Oakland. In introducing the bill, the lawmakers singled out Meta, the social media behemoth formerly known as Facebook. They noted how leaked data from the company showed that teen girls, in particular, reported negative experiences after using Instagram—including some who said it made their suicidal thoughts or eating disorders worse.
“It’s time we treat the dangers of youth social media addiction with the level of seriousness it warrants,” Cunningham said in a statement.
If it becomes law, the measure would apply to companies earning more than $100 million in annual revenue, potentially putting the likes of Culver City-based TikTok and Santa Monica-based Snap in legal crosshairs. TikTok, which has more than 1 billion monthly active users, is already facing an investigation from state attorneys general over whether its platform harms children.
A TikTok spokesperson said the company is still reviewing the bill. They noted that the social media platform deploys protective features that block nighttime push notifications for younger users and allow parents to manage their kids’ screen time.
Representatives for Snap did not immediately respond to requests for comment.
The bill, which will get a hearing before the Assembly’s Judiciary Committee this spring, is backed by the advocacy group Common Sense Media and the University of San Diego School of Law’s Children’s Advocacy Institute.
"We shouldn’t have to put in law that some of the most profitable corporations in the world have a duty to be kind to children [and] have a duty not to make addicts of children,” Children’s Advocacy Institute senior counsel Ed Howard said in a statement. “But here we are—we have to.”
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Christian Hetrick
Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.
Momentum in Motion: IPOs, Partnerships, and Innovation
01:58 PM | December 13, 2024
🔦 Spotlight
Happy Friday, Los Angeles!
Last week, we dove into some of the major moves shaping LA’s tech scene, from ServiceTitan’s IPO ambitions to Anduril’s AI advancements. This week, the story continues with new milestones and updates that reveal how quickly the landscape is evolving. Here’s what’s happening now:
ServiceTitan’s IPO: A Fintech Spark
ServiceTitan’s initial public offering has proven to be a resounding success.The Glendale-based company priced its IPO at $71 per share, significantly above the anticipated range of $52 to $57. On its first trading day, shares opened at $101 and closed at $101.20, marking a 43% increase and valuing the company at nearly $9 billion. This impressive debut underscores ServiceTitan’s growing influence in the trades software space and signals a potential trend for other fintech leaders to watch closely. Read more about ServiceTitan's IPO success here.
Anduril Industries: Expanding the Horizon
We recently covered Anduril’s groundbreaking partnership with OpenAI, emphasizing the growing role of AI in defense. This week, Anduril continues to make headlines with new developments and collaborations that underscore its commitment to reshaping national security and autonomous technology:
- Partnership with Palantir:Anduril and Palantir are teaming up to accelerate AI capabilities in defense. Together, they aim to integrate Palantir’s advanced data analytics with Anduril’s autonomous systems, creating a platform capable of delivering actionable intelligence in real time. This partnership is expected to enhance battlefield decision-making, reduce operational risks, and maintain U.S. leadership in defense technologies. Read more about the partnership here.
- Dive XL Autonomous Submarine: Anduril’s Dive XL submarine is setting new standards for maritime autonomy. This long-endurance unmanned vehicle can operate in harsh underwater environments for extended periods, providing capabilities for intelligence gathering, surveillance, and reconnaissance. With its modular design, Dive XL supports a range of payloads, making it a versatile asset for maritime security. Learn more about Dive XL here.
- Archer VTOL Aircraft Partnership: Anduril’s collaboration with Archer Aviation is pushing the boundaries of autonomous flight technology. This partnership leverages Archer’s expertise in vertical takeoff and landing (VTOL) aircraft to complement Anduril’s advanced defense systems. By integrating Anduril’s cutting-edge AI capabilities with Archer’s innovative designs, the companies aim to create next-generation solutions for tactical military operations. This partnership reflects a shared commitment to innovation and positions both companies as leaders in reshaping the future of aerial defense. Details about the partnership are available here.
Writers Guild Challenges AI in Hollywood
The Writers Guild of America (WGA) continues its efforts to address the growing influence of AI in entertainment. In recent negotiations, the Guild has pushed for clear boundaries on the use of generative AI in scriptwriting, emphasizing the need to protect writers’ rights and creative integrity. As the industry grapples with the implications of this technology, the WGA’s stance highlights an ongoing effort to balance innovation with fairness in Hollywood. Read more about the Guild’s actions here.
Our thoughts are with the residents of Malibu as they face wildfires fueled by Santa Ana winds, which have displaced many and disrupted communities, including Pepperdine University. For resources during emergencies, explore ourguide to the top tech apps for natural disasters, highlighting tools to support preparation and safety.
From tech breakthroughs to creative industry challenges, the region’s innovation engine shows no signs of slowing. As 2024 approaches, one thing is clear: the momentum isn’t slowing down.
✨ Featured Event ✨
2024 PledgeLA Catalyst Awards
Image Source: Instagram: PledgeLA
Catalyst Awards to Honor Inspiring Entrepreneurs and Emerging Managers in Venture Capital, Catalysts Improving Access to Capital Across Los Angeles
PRINCIPALS AND HOSTS: The Annenberg Foundation and PledgeLA, the initiative launched in 2018 by the Annenberg Foundation and the City of Los Angeles to promote equity and increase access to capital for L.A.-based startups and investors from underrepresented backgrounds.
WHEN: Wednesday, December 18, 2024 at 5:30 p.m. PST.
WHERE: Register to See Address Los Angeles, California
🤝 Venture Deals
LA Venture Funds
- Alpha Edison led a $27M Series A funding round, joined by Acre Venture Partners, ReMY, among others, for One Bio, a UC Davis spinoff based in California that is developing biotech solutions to bridge the dietary fiber gap, with plans to scale production and expand its product offerings. - learn more
- Gideon Strategic Partners participated in a $110M Series C funding round for Capstan Medical, a Santa Cruz-based company developing robotics technology for heart disease treatment, with the funds aimed at advancing clinical trials and preparing for commercialization. - learn more
- Alexandria Venture Investments participated in a $75M financing round to support the formation of nChroma Bio, a new biotechnology company created through the merger of Chroma Medicine and Nvelop Therapeutics, focused on advancing gene-editing therapies for genetic blood disorders. - learn more
- Riot Ventures led a $10.1M Seed funding round for Deterrence, a company developing automated solutions for energetics production, including explosives and propellants, with participation from Impatient Ventures and others, to scale its technology, improve manufacturing efficiency, and meet growing industry demands. - learn more
- Chapter One Ventures participated in a $12M Series A funding round for Hyperbolic, a San Francisco-based AI company specializing in predictive analytics for supply chain optimization, with plans to use the funds to enhance its technology platform and expand its team. - learn more
- Blue Bear Capital participated in a $35M Series C financing round for Raptor Maps, a Boston-based company that provides software solutions for solar asset management. The funds will be used to enhance their AI-driven platform, expand global operations, and support the growing needs of the renewable energy industry. - learn more
- Behind Genius Ventures and Night Ventures, among others, participated in a $3M Pre-Seed funding round for Moldco, a Boston-based company providing digital, evidence-based care, treatments, and lab testing to help individuals reclaim their health from mold toxicity, with plans to use the funds to expand operations nationwide in 2025. - learn more,
- Regeneration.VC co-led a €8M Series A funding round for Orbisk, a Netherlands-based company that develops AI-powered food waste monitoring systems for the hospitality industry, with plans to use the funds to expand internationally and enhance their technology platform - learn more
- Mucker Capital participated in a $17M Series A funding round for Ask Sage, an Arlington, VA-based company offering a generative AI platform for government and commercial sectors, with plans to use the funds to expand its AI capabilities, drive growth, and increase its workforce. - learn more
- Magnify Ventures participated in a $8M Series A funding round for MiSalud Health, digital health platform offering affordable, same-day bilingual telehealth consultations in Spanish and English to better serve Hispanic communities in the U.S. and Mexico. With a focus on improving access for Spanish-speaking individuals, the company aims to address the growing demand for culturally and linguistically appropriate healthcare solutions as the Hispanic population continues to expand rapidly in the U.S.. - learn more
LA Exits
- Elios Vision, a company specializing in innovative glaucoma treatment technologies, has been acquired by Bausch + Lomb to strengthen its portfolio in addressing the needs of glaucoma patients. The acquisition brings Elios Vision's cutting-edge solutions into Bausch + Lomb's comprehensive eye health offerings, expanding its capabilities to provide advanced care for this critical condition. - learn more
- OceanX, a provider of subscription-focused fulfillment and logistics solutions, has been acquired by Cart.com to enhance its end-to-end e-commerce platform and expand its capabilities in subscription management and order fulfillment. - learn more
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