Airbnb has a new competitor. Emirates-based CryptoBnB is looking to match users with places to stay by using blockchain technology, and it’s launching an initial coin offering in two weeks.
CEO Tariq AlWahedi told Cheddar that while his company’s name is similar to Airbnb’s, he’s not worried about any potential confusions, since the applications are “totally different.”
“We were not trying to imitate Airbnb over here. The idea was that we wanted to build a platform in cryptocurrency that serves bed and breakfast,” he said. “We are building a decentralized network over here to enable trust.”
CryptoBnB is betting on blockchain technology to ensure safety, and to provide information that both hosts and renters can trust, something Airbnb has been accused of lacking. Still, Airbnb has, in the last decade, amassed 4 millions listings worldwide, It operates in over 191 countries, and has hosted more than 260 million guests. CryptoBnb has not launched its services yet.
And while the short-term lodging company has grown exponentially, the hotel industry and local governments have made efforts to crack down on the company, due to concerns that it's saturating the rental market and driving prices up.
In terms of the potential legal woes that come with the industry, AlWahedi says his company is looking at regulations as they change, and that CryptoBnB’s person-to-person system allows users to abide by local laws.
“I think this is the trouble that other platforms that are centralized get into,” he said. “But here, it would be a [platform] where people can showcase what they have.”
For full interview [click here](https://cheddar.com/videos/meet-the-airbnb-for-crypto).
The Tony Awards on Sunday lured 4.85 million viewers to CBS, its largest broadcast audience in six years. CBS says Monday that Nielsen data shows the telecast — hosted by “Wicked” star Cynthia Erivo — scored a 38% increase over last year’s 3.53 million viewers. That’s the largest audience for the Tonys since 2019, when the telecast that year nabbed 5.4 million viewers and “Hadestown” was crowned best new musical. The latest version also had to compete with the second game of the NBA Finals, between the Thunder and Pacers,
After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology.
Six weeks before UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel last December, Luigi Mangione mused about rebelling against “the deadly, greed fueled health insurance cartel” and expressed that killing the executive “conveys a greedy bastard that had it coming."
Shaquille O’Neal and Allen Iverson once clashed on the court in the 2001 NBA Finals, but now the basketball legends are joining forces to revive the Reebok brand they helped make iconic.
Midea is voluntarily recalling about 1.7 million of its popular U and U+ Smart air conditioners because pooled water in the units may not drain fast enough, leading to mold growth.
