⚡ Active Addresses Hit Peak, Lens Protocol's 15M Raise, Accelerator Closing Soon, and more!
Discover the latest and greatest Crypto & Web3 products
💡 Intro
Note: Things have looked rough this week in Crypto News, around regulation, the SEC seeking to freeze Binance US assets, etc.
While these are certainly negatives & risks (especially in the US), below are some reminders that on-chain activity are stronger than ever and not everything looks bad in the space!
Today, Lens Protocol announced their $15M funding round to continue to grow their Web3 Social protocol.
Lens is the leading protocol in Web3 Social with over 50k MAUs (Dune dashboard) and while many Web3 Social protocols & networks have petered out, Lens has been growing even during the Bear Market.
⚡ Why It Matters
Lens has the potential to prove Web3 Social valuable:
Using on-chain infra for social activity has a lot of benefits over traditional Web2 mechanisms, including: better interoperability, censorship resistance, bettter collecting mechanisms, and more.
Through Lens Protocol’s continued improvements, it’s showing that there are provable benefits of using Web3 mechanisms over Web2 for social media.
More funding = longer runway
Lens doesn’t generate enough revenue yet from its protocol alone to self-sustain, unlike the major DeFi protocols.
This means it still relies on funding (like the round today), which gives it more time to grow its protocol share.
Reminder for all you Bear Market Builders: AllianceDAO’s 11th cohort program closes its applications June 14th.
The form isn’t too long (15-30 min) and is a great accelerator to join for mentorship, 250k in funding, founder networks, and more.
Web3 Companies that have gone through AllianceDAO’s past accelerators combine for a whopping $9.73B in valuation and include big names like dYdX, StepN, 0x, and Zerion.
Oxalus / $1.1M — Oxalus, a developer of an NFT social commerce platform, secures $1.1 million in seed funding from IDGCVB and Kyber Ventures. — DealStreetAsia
Nori / $6.25M — Nori, a blockchain-based carbon removal marketplace, raises an additional $6.25 million in funding led by existing investors M13, Toyota Ventures, Placeholder, and Cargill, bringing total funding to $17.25 million. — Carbon Herald
Wave BL / $26M — Wave BL, a blockchain-based proprietary platform, secures $26 million in Series B funding led by NewRoad Capital Partners. — PRNewswire
Thunes / $60M — Thunes, a payment infrastructure platform, raises $60 million in Series C funding led by Marshall Wace. — TechCrunch
Alive / $12M — Alive, a decentralized AI platform, secured $12 million in institutional funding to establish its global leadership and community of developers. — Yahoo Finance
Argus Labs / $10M — Web3 gaming studio Argus has secured $10 million in a seed round led by Haun Ventures. — Fortune
TradingLeagues / $3.5M — TradingLeagues, a fantasy gaming application, has raised $3.5 million in a pre-Series A funding round. — Entrackr
👉 Today our sponsor is BlockBridge Labs: a software development agency that specializes in both Web2 and Web3 development. Here’s an intro directly from the team:
We’ve helped a wide range of clients, from Fortune 500 companies to small startups.
Need development help? Setup a call through the form below, and get started today! We reply in 24 hours or less:
ChainDrop
"A multichain faucet for all crypto networks."
Type of Product: Crypto Faucets
Purpose of Tool: ChainDrop allows users to easily receive test tokens from various blockchain networks, such as Ethereum Sepolia and Goerli, Polygon Testnet, BSC Testnet, and Moonbase Alpha. It aims to provide a seamless and secure experience for Web3 users who require test tokens for their projects.
Super useful tool for getting testnet tokens, which are required for quests for a lot of projects.
With ChainDrop, you don’t need to go find individual faucets (as it aggregates).
Multichain faucet: Users can acquire any test token they need directly in their wallet address without having to visit multiple chain faucets.
Easy-to-use interface: The platform provides an intuitive interface that simplifies the process of acquiring test tokens.
Developer-friendly: Developers can list their test tokens on ChainDrop and link the website in their respective testnets for users to obtain the tokens with ease. This eliminates the need for KYC and collecting addresses in a form to distribute the tokens.
Multiple testnets supported: ChainDrop currently supports 13 major testnets including Ethereum Sepolia and Goerli, Polygon Testnet, BSC Testnet, Moonbase Alpha among others.
Team / Funding / Backers / Other Info:
Link to product | Link to TFC listing
Decent
“The Premier multi-chain infrastructure for NFTs"
Type of Product: NFT Infrastructure / Creator Tool
Purpose of Tool: Decent is a multi-chain NFT infrastructure that simplifies the creation and transaction of all NFTs. It offers SDKs that abstract Solidity and enable cross-chain transactions, making it easier for developers to focus on their applications rather than blockchain nuances.
The Box: The Box is a new feature enables 1-click checkout for purchasing any NFT with any token across chains and primary & secondary sales, handling token swapping, bridging, and primary/secondary purchasing. This makes it seamless for collectors to spend tokens across chains.
SDK: The SDK feature allows developers to build NFT projects easily across chains with JavaScript by providing available release mechanisms, utility wrappers, and infrastructure modules. Developers can use Decent's API to retrieve detailed information about collections deployed via the protocol as well as update allowlists.
HQ: With the Creator HQ feature, users can build highly customizable NFT projects using no-code tools such as Editions (721A), Series (1155), Rentables (4907A), or Crescendo (bonding curve). Once deployed, users can update their collection, analyze collector base data and plug their NFTs into third-party apps via an admin dashboard.
Team / Funding / Backers / Other Info: On May 31, 2023, Decent launched The Box as a new feature to their platform. This new feature aims to hasten the acceptance of L2 and app chains by offering sustainable liquidity for the burgeoning multi-chain ecosystem. Interested users can gain beta access by joining the waitlist.
Link to product | Link to TFC listing
Alphaday
“Highly customizable dashboards and a seamless interface for effortless navigation of the Web3 world."
Type of Product: Crypto Dashboards
Purpose of Tool: Alphaday provides users with an all-in-one solution for navigating the Web3 world. It offers customizable dashboards that allow users to track both on-chain and off-chain metrics, sentiment, and data related to DeFi, NFTs, Crypto, and more.
Customizable Dashboards: Users can create personalized dashboards that reflect their workflows or specific interests.
On-chain & Off-chain Metrics: The platform allows users to track various metrics such as Total Value Locked (TVL), volume, market share, aggregator volume, EIP1559 adoption rate among others.
Portfolio Tracker: With Alphaday's portfolio tracker feature users can keep track of their holdings across multiple wallets. Users can monitor portfolio allocation and historical performance of tokens.
Gas Price Recommendations: The platform recommends transaction gas prices for fast transactions while ensuring safe low-speed transactions on Ethereum blockchain.
Global Search Functionality: Alphaday provides a global search function that helps users find project-specific information by updating widgets' data based on user's searched keyword.
Team / Funding / Backers / Other Info: On June 5, 2023, a second week-long flash Sprint quest hosted by Alphaday is available to join live on Zealy.io. Players have the chance to win a share of the $250 prize pool and an upgraded prize structure that increases their chances of winning big.
Link to product | Link to TFC listing
SolidityScan
"Get your smart contracts audited by a smarter tool”
Type of Product: Security
Purpose of Tool: SolidityScan is a tool that analyzes smart contracts for potential vulnerabilities. It provides a detailed security audit report to help developers write secure and credible code. Auditors can optimize their auditing process and organizations can enhance their security posture over time.
Github Integration: Scan public and private repositories hosted on Github.
Contract Scanning: Initiate scans on contracts deployed both on Testnets and Mainnets. Supports Ethereum, Binance, Polygon, Avalanche, and Fantom.
File Upload: Upload Solidity files (.sol, .Sol) and scan them.
Audit Report Generation: Generate detailed scan reports with information about potential vulnerabilities found in source code. Publish the report and share it over a public link with stakeholders.
Integrations: Integrate SolidityScan with Github repositories to conduct scans on private repos.
SolidityScan also outputs an audit report containing information about potential security vulnerabilities along with a security score that helps developers understand the security posture of their contracts. They can then rescan after fixing bugs to improve their score and publish the audit report to the community.
Team / Funding / Backers / Other Info: SolidityScan, CredShields' leading product, was released in March 2021. It was created by a team of well-known cybersecurity experts with extensive experience in the industry.
CredShields is a Web 3.0 Security firm that specializes in top-notch auditing services and creating cost-effective and easy-to-use products for the fast-growing blockchain sector.
Link to product | Link to TFC listing
Solana | Communications Manager | Link to position
OKX | Data Analyst - Trading Team | Link to position
Illuvium | QA Web Tester | Link to position
Evmos | Software Engineer, Full Stack | Link to position
Chainflip Labs | Senior Full Stack Engineer for Web3 | Link to position
Paxos | Product Manager – Tokenization | Link to position
LayerZero | Business Development Representative - Defi | Link to position
Chiliz | Twitter Specialist | Link to position
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Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!