⚡ Solana Launches ChatGPT Plugin, DeFi Tooling, BTC Wallets, and more!
Discover the latest and greatest Web3 & Crypto products
💡 Intro
Content Update: We created a new section after the products called “Thread of The Day”. This will be one thread on tools that we saw each day that saves time / money etc. Check it out and let us know what you think of the section!
Solana Launches ChatGPT Plugin: Yesterday, the Solana Foundation released a super useful ChatGPT plugin that helps with tasks around Solana.
For example, it can help send NFTs, answer questions about addresses, find NFT collections by floor price, interpret data, and more.
For instance, instead of writing some complicated query logic or having to find some data analysis tool, you can just ask questions using it + chat gpt, like “which NFTs does this address hold”.
💡 Why It Matters:
Plugins like this will greatly help onboard users into Web3. They make it way easier for new users to navigate on-chain activities.
If you’re a Solana user: this is a great plugin that’ll save you time while doing trades, transactions, data analysis, etc.
If you’re not a Solana user: Following this announcement from Solana Labs, it’s very likely that the Ethereum Foundation, Ava Labs, etc will roll out their own ChatGPT plugins to ETH, Avalanche, etc. We’ll keep an eye out for you and report on any that follow!
👉 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:
Note: there were 10 new funding rounds today (crazy!), so to keep this section short, we’re moving 5 of them to tomorrow’s edition.
Num Finance / $1.5M — Num Finance, a DeFi protocol, has secured $1.5 million in its pre-seed funding round. Notable investors in the round include Reserve, H2O Scouter Fund, Ripio's venture arm and VC3 DAO. — CoinDesk
Metagame Industries / Undisclosed — Metagame Industries, a Web3 game studio, has announced the successful completion of a strategic funding round, securing a valuation of nearly $100 million. — GlobeNewswire
Syntropy / $4M — Syntropy, a distributed routing protocol, has raised $4 million in a funding round supported by Alpha Transform Group, Alphemy Capital, Denali Digital, Saxon Ventures, and First Block Capital. — CryptoNews
RedStone / Undisclosed — RedStone, a DeFi data Oracle for EVM L1s&L2s, has secured funding by notable investors including Stani Kulechov (Founder/CEO of Aave), Sandeep Nailwal (Co-Founder of Polygon), and others. — CryptoPotato
Tanssi Network / $3M — Appchain infrastructure protocol Tanssi Network has secured $3 million in a seed funding round led by Arrington Capital. — Tweet
Exponential DeFi
"Easily discover, assess and invest in liquidity pools across chains"
Type of Product: DeFi
Purpose of Tool: Exponential is an investment platform that offers users the opportunity to explore, evaluate, and invest in DeFi yield opportunities. The platform has a range of features that help investors make informed decisions and strengthen their portfolios. These features include:
Very useful DeFi tool that’s raised $14M in the past.
We frequently use them to track pool as well as find new yield farms.
Rate My Wallet: A risk assessment system that instantly evaluates the risk associated with a user's current investments. This tool is powered by Exponential's DeFi graph, which maps each liquidity pool to the risk of every protocol, asset, or chain it relies on.
Discover New Opportunities: Exponential helps investors find the right yield opportunities for them across DeFi. The platform allows users to search for new liquidity pools using filters like risk rating, annual percentage yield (APY), and total value locked (TVL).
Easy Investment: Exponential users will soon be able to invest in DeFi liquidity pools across major chains directly on the platform. This means no more interacting with obscure protocols, no more risky bridging across chains, and no more opaque DeFi high-yield accounts.
Team / Funding / Backers / Other Info: A few weeks ago on May 11, 2023, Exponential unveiled its Invest Private beta to a select group of US-based investors - a revolutionary DeFi investment platform that simplifies investing.
Since its launch, Exponential has conducted an extensive evaluation of various protocols, assets, blockchains, and risk vectors, totaling more than 100 protocols, 120 assets, 20 blockchains, and over 1,000 risk vectors.
Link to product | Link to TFC listing
Sparkwave
“The web3-native loyalty platform to acquire and retain more users."
Type of Product: Web3 Loyalty
Purpose of Tool: Sparkwave is a web3-native loyalty platform designed to help businesses acquire and retain more users. It offers businesses the ability to customize their loyalty panel, set up rewarded actions on several platforms, create a variety of prizes, and create a referral system. This makes it easy for businesses to create engaging loyalty programs that drive user engagement.
Panel Customization: Sparkwave offers a sleek and customizable panel that serves as the entry point to a business's loyalty program.
Rewarded Actions: Program participants earn XP Points every time they complete a rewarded action on platforms such as Discord, Twitter, and EVM-compatible blockchain networks.
Prizes: Sparkwave offers the option to create a variety of rewards that Loyalty Program participants can redeem with their points. These include ERC20 Airdrops, NFTs, and Discord-related prizes.
Referral System: Referrals are a key component to growing a userbase and Sparkwave's referral system assigns a 10 digit code to every Participant which can be shared to friends.
Link to product | Link to TFC listing
Xverse
“The most advanced and user-friendly Bitcoin wallet"
Type of Product: Bitcoin Wallet
Purpose of Tool: Xverse is a non-custodial Bitcoin wallet that supports Bitcoin and its layers built on top such as Stacks, Lightning, Ordinals and more, enabling users to access Bitcoin Web3 applications, payments and more. Xverse is non-KYC, and does not collect or store user data, meaning no KYC or AML process is necessary for creating wallets.
Xverse was part of the recent AllianceDAO cohort and already has over 130k users, which is very impressive.
Self-Custodial: Private keys are encrypted on user devices with a password and are never shared with anyone.
Biometric Authentication: Users can choose their own security level to balance convenience and maximum security.
Connectivity: Xverse can connect with apps via Sats Connect for Bitcoin, Hiro Library, Micro-Stacks, and Wallet Connect for Stacks.
Auditing & Open Source: Xverse's code has been audited by Least Authority, a top software auditing firm trusted by technology companies worldwide.
CSV File Download: Xverse will soon offer the ability to download CSV files.
Team / Funding / Backers / Other Info: Currently, Xverse has amassed an impressive 130k users. Just yesterday on May 22nd, Xverse and Gamma collaborated to launch the world's first fine art gallery for Bitcoin Ordinals, named 'Ordinals Alley.' The gallery was showcased at the Bitcoin Miami Conference and received a massive response of nearly 200 applications from artists of diverse specialties, ranging from poetry to interactive and generative art.
Link to product | Link to TFC listing
Warp
"Fast. Secure. Convenient. Smart Contracts on Arweave”
Type of Product: Smart Contract Tooling
Purpose of Tool: Warp is an advanced implementation of data-driven smart contracts that runs on the Arweave network. It offers a powerful set of features to developers and users of the DeFi ecosystem, such as fast transaction processing, indexed outputs, easy-to-use testing environments, and project templates. With Warp, developers can easily create secure and feature-rich smart contract applications.
SDK solves the SmartWeave problem of inefficient lazy-evaluation, while being secure and leveraging WASM for deterministic execution.
Inputs and “fast finality” are enabled with Sequencer and Bundlr.
Outputs are indexed for fast retrieval, with Gateway optimizing the data fetching process.
Dedicated testing network allows unit-testing without complex setups.
SonAR provides a developer-friendly monitoring experience.
Project Templates: aids in scaffolding smart contract projects instead of building from scratch.
Team / Funding / Backers / Other Info: The team at Redstone Finance are the brilliant guys that developed Warp Contracts. It was first announced on their Discord server. RedStone is a data ecosystem that utilizes on-demand data fetching, and aims to provide fast and precise financial information in a decentralized manner.
Yesterday on May 22, RedStone announced an exclusive angel investment round worth $350,000. The investment was led by esteemed Web3 leaders such as Stani Kulechov, Sandeep Naiwal, Alex Gluchovski, and Emin Gün Sirer.
Link to product | Link to TFC listing
Coinshift | Senior Product Designer | Link to position
DappRadar | Social Media Manager | Link to position
WalletConnect | Web3 Communications Associate | Link to position
Cere Network | DevOps Manager | Link to position
Offchain Labs | Blockchain Developer | Link to position
Outlier Ventures | Token Design Associate | Link to position
Magic Square | Back-end/Node.js Developer | Link to position
Treehouse | UI/UX Design Intern | Link to position
Aptos | Software Engineer | Link to position
CoinGecko | Software Test Engineer Intern (QA) | Link to position
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Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!