⚡ MultiChain Alternatives For Crypto Bridging, SAP Enters NFT Space, Web3 Authentication, and more!
Discover the latest and greatest Crypto & Web3 products
💡 Intro
👉 TFC Rewards Members: Scroll to the bottom for your invite code link to AlphaScan!
After using the tool today: we can say it’s super useful. It lets you search for tokens and see when specific Twitter accounts mentioned them as well as the percent change in value since then.
This lets you find tokens after they’re mentioned, but before they pump.
The key benefit is that the UI/UX is easy to use + see those changes (screenshot below for Lybra Finance, a recent token that pumped).
We only have a couple invites right now, we’re going to try to get more codes for Non TFC Rewards Club readers as well!
Crypto Bridging Protocol Multichain Loses Contact With CEO: This has been one of the bigger Crypto news stories for the past week.
Multichain is one of the most used Crypto Bridging tools (it’s been our personal favorite as well), with over $100B in volume.
What is Crypto Bridging: The process of transferring tokens across different blockchains. Say you have ETH on Ethereum network, but want to mint a SOL NFT on Solana. You’d have to bridge across networks.
While there’s nothing showing that Multichain will shut down anytime soon, it’s always best to know alternatives.
Here Is Some Crypto Bridging Tools Just In Case:
Built directly into Metamask, its super easy to use (though fees are high, so the tradeoff for convenience is higher cost).
Across (raised $10M at $200M valuation in Fall 2022) has done over $500M in volume and is good for L2s and rollups.
We’ve never used this one, but Metamask Bridge uses it as a provider. It supports ETH, Optimism, Arbitrum, and Polygon.
SAP Creates NFT Launchpad: SAP used their Alpha release to partner with Tchibo (annual revenue of 3B Euros) on their NFT collection.
The full post linked below is from Ritu Bhargava, the president and chief operating officer of SAP Industry & Customer Experience.
It’s worth a read as it goes into the thought process of why a major company like SAP is exploring NFTs as a loyalty & rewards solution.
🔥 Why It Matters:
SAP is obviously a major player in Enterprise Software ( 30B Euros in Annual Revenue, 14k employees).
Potential For Onboarding More Businesses: Like Salesforce with their NFT solution, SAP has the ability to onboard more businesses it works with into Web3.
Fusionist / $6.6M — Binance Labs and FunPlus have jointly co-led a $6.6 million seed funding round in May 2023 for Fusionist, a Web3 gaming company. — Yahoo Finance
Anoma Network / $20M — Anoma Foundation, a proof-of-stake blockchain protocol, has raised $25 million in its third funding round led by CMCC Global. Other notable investors include Electric Capital, Delphi Digital, among others. — CoinDesk
Boxed.gg / $1.5M — Loot Labs has secured a $1.5 million pre-seed funding round for its Boxed.gg loot box platform. The funding was led by Bitkraft and included participation from Polygon Ventures, Mechanism Capital, and Lofty Ventures Syndicate. — Blockchain Gamer
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Blockpour
"Multi-chain data analytics in real-time"
Type of Product: DeFi Analytics / Crypto Trading Analytics
Purpose of Tool: Blockpour is a data analytics platform that offers DeFi API and multi-chain aggregation tools to crypto traders. It provides real-time data feeds for various DEXs, DApps, and AMMs across multiple networks to help traders identify trends and opportunities in the DeFi space. Blockpour is chain agnostic, supporting Ethereum, Avalanche, Fantom, Moonbeam, Optimism, and other networks based on TVL and ecosystem activity.
Liquidity Analysis: This feature enables users to analyze which chains and DEXs have the most liquidity for any token on supported networks. With this information, traders can make informed decisions regarding their trades.
Arbitrage Opportunities: Blockpour discovers which DEX has the lowest average token price across all supported chains. This feature helps traders identify arbitrage opportunities across different networks.
Liquidity Pool Actions: Users can see when funds are added or removed from liquidity pools in real-time. This information allows them to track market movements closely.
Team / Funding / Backers / Other Info: On June 8, 2022, Blockpour secured funding in a round that saw the participation from WeMade, GS Futures - an early-stage corporate venture arm of the Korean conglomerate GS Group - crypto VC Kestrel 0x1, layer 1 Algorand Foundation and next-generation cross-chain oracle solution provider Supra Oracles. The round generated approximately $3.3 million in total funding with support from other funds, companies and individuals.
Link to product | Link to TFC listing
Tabi
“Bridge Web2 to Web3 through gameplay and NFT."
Type of Product: NFT Marketplace
Purpose of Tool: Tabi is a community-driven NFT marketplace that operates on the Binance Smart Chain. This platform, formerly known as Treasureland, aims to create NFTs that have deeper meanings and inspire individuals to embark on their own journeys of discovery.
With its marketplace, launchpad, and on-chain identity protocols, Tabi is building the next-generation Web3 wonderland on BSC.
Interesting BSC NFT marketplace that just raised $10M this week.
They currently have an airdrop campaign ongoing (we’ll cover it this weekend).
Two Ways to Buy NFTs: Users can either purchase NFTs at the listed price or make an offer for them.
Selling NFTs: To sell an NFT on Tabi, one must install a crypto wallet and connect it to the platform. Additionally, users can buy and sell bulk amounts of NFTs.
Make Offer: In order to make an offer for an asset listed on Tabi's marketplace, users need only go to the page of the asset they want to buy and click "Make Offer". They then indicate how much they wish to pay in the Total Price Offer input field.
Supported Wallets: Currently, Tabi supports several wallets including MetaMask, Coin98, WalletConnect Math Wallet Token Pocket ONTO Wallet.
Team / Funding / Backers / Other Info: On May 29th, 2023, Tabi secured $10 million in funding from an impressive list of investors, including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, Youbi Capital and angel investors. The funds will be used to develop a gaming ecosystem on the BNB Chain.
The founder of Tabi, Xavier Lee, also announced an airdrop for early adopters on May 31st. Users can claim free NFTs as part of the company's reward plan. This gesture is intended to show gratitude to those who have supported the platform in its early stages. The announcement was made alongside a funding announcement for Tabi.
Link to product | Link to TFC listing
Magic
“Onboarding the next billion to Web3 with instant wallets for your customers."
Type of Product: Web3 Authentication Tooling
Purpose of Tool: Magic is a software development kit (SDK) designed to enable passwordless Web3 onboarding and authentication for applications. This SDK integrates with an application, allowing users to log in without passwords or seed phrases. Instead, it uses magic links, similar to those used by platforms like Slack and Medium.
With Magic, users can enjoy fast and secure login experiences that are hardware-secured. The SDK also offers access to over 20 blockchains using just a few lines of code. It can even be integrated with existing authentication solutions.
One of the bigger authentication / onboarding tools, they just raised $52M yesterday in funding.
Magic Connect provides a plug-and-play experience for developers seeking a fully-featured global Web3 wallet.
Magic Auth offers customizable white-labeled wallet solutions that provide future-proof passwordless authentication and app-specific wallet infrastructure.
Extended feature set and uses standard Web3JS RPC methods along with magic functions
Can be used for standard Web2 user authentication or integrated with various blockchains to create custom dApp experiences
Team / Funding / Backers / Other Info: In a recent funding round, Magic has raised $52 million with the help of PayPal Ventures, Cherubic, Synchrony, KX, Northzone, and Volt Capital. This brings their total raised to over $80 million.
Their services have been utilized by well-known brands in web2 and web3 domains including Macy's, Mattel, Xsolla and Immutable. With more than 20 million wallets created so far and over 130K developers using it currently, Magic is a trusted solution for end-to-end web3 onboarding.
Link to product | Link to TFC listing
Oraqle
"Free to use NFT screener & aggregator.”
Type of Product: NFT Aggregator
Purpose of Tool: Oraqle, currently in its Beta phase, is a NFT Aggregator platform that specializes in discovering and aggregating NFTs from various marketplaces. Unlike existing aggregators, Oraqle allows users to set specific investment criteria to find NFT collections that meet their preferences. The platform also enables users to compare prices across multiple marketplaces and purchase NFTs at the lowest available price.
New NFT Aggregator with very useful filtering, screening, and collecting utility.
Trending Collections: Oraqle provides an up-to-date ranking of the most active NFT collections within a 24-hour period, helping users stay informed about popular trends.
Rich & Famous: Showcasing the most popular and exclusive NFT collections, this feature gives users insights into high-demand and prestigious items in the market.
Sweeps: Users can view real-time transaction history on Oracle, offering them detailed information about ongoing deals and purchases within the platform.
What is Oraqle’s NFT Screener?
Oracle NFT Screener is a tool designed for investors interested in non-fungible tokens (NFTs). It provides a comprehensive platform for filtering and analyzing NFT collections based on various investment criteria. The screener encompasses four main categories:
Transaction basis: This includes metrics such as bottom price, recent closing price, recent closing price fluctuation rate, sales volume, and transaction volume.
Fundamentals: Key indicators such as market cap, distribution volume, liquidity ratio, minting sales, and royalty sales are considered within this category.
Percentage of holders: Data points like unique holder ratio, average holding period, activation wallet ratio, beneficiary certificate holder ratio, and loss holder ratio provide insight into the token's ownership dynamics.
Social: By tracking the number of Twitter followers, Discord members, Twitter mentions and Discord activity levels associated with a particular collection or project; this aspect evaluates social media presence.
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