⚡ TFC Newsletter: 01/16/2023
Dune Analytics Launches BTC charting, Crypto Tax tracking, Safety Tooling, Web3 Social, NFT Rewards, and more!
💡 Intro
🥳 Happy Monday! The crypto markets are still holding strong: with BTC above $21k and ETH above $1500. Let’s see if they can stay there this week!
In 2022: NFT Aggregators became widely used as many NFT marketplaces came out, creating a need for Aggregator platforms to exist for users to buy/sell NFTs at the best price.
As shown in Loopify’s pic below: Blur overtook Gem (OpenSea’s NFT aggregator) within a matter of weeks and has kept its vast lead in Volume.
Why This Matters
In Web3: this shows the importance of Market Incentives. Blur overtook Gem overnight not because of their functionality, but from their Airdrop announcement. They then kept their lead as Gem and others have not produced any incentive for users to migrate back.
Dominance can flip quickly in Web3 tooling: Gem held over 75% of Aggregator volume for an entire year, and in just a few weeks were overtaken by Blur
Have you been looking for a good way to view Bitcoin data but haven’t found one? You’re in luck! Dune Analytics just launched BTC data directly in dune dashboards.
Web3 Studio Sortium Raises $7.8M in Seed Round - Coindesk Link
Autofarm Announces $5M Investment in AI-Fi: Decentralized AI Finance. AutoLabs to research and integrate AI/ML into DeFi - Medium Link
Createra Raises $10 Million Led by Andreessen Horowitz to Boost Gen Z-Focused Gaming Metaverse - Announcement Link
Asia Blockchain Gaming Alliance (ABGA) will launch an ecological fund (ABGA Eco Fund) focusing on #blockchain games in the first quarter of 2023. The size of the fund will exceed $45 million - Announcment Link
Welcome to TFC’s daily newsletter! Thanks for subscribing, we’re working hard to give you the best info on the most exciting crypto products.
If you’re a builder, investor, or crypto enthusiast, this will benefit you!
Note: Do you have a product or tool you’re building? Have one you’d suggest? DM us on twitter! We’re always happy to feature products from the TFC community.
CoinTracker
"Crypto & NFT Taxes done fast."
Type of Product: Crypto Taxes
Purpose of Tool: Cointracker is a cryptocurrency portfolio tracking and tax software used by 1 million+ users, designed to help users manage their holdings and generate tax forms quickly and accurately. It unifies transaction history across all crypto services, supports 500+ exchanges and 10,000+ cryptocurrencies, and offers users a real-time view of their market value, investment performance, and portfolio allocation.
Tax season is coming up in a couple months in the US and there’s a lot of Crypto tax solutions to choose from!
We’ll be listing one a week on Mondays to give you indicators of which might be right for you when the time comes.
Real-Time Performance Tracking: The app allows users to monitor their portfolio and crypto prices in real-time, ensuring that users don't lose track of their assets regardless of location.
Cost Basis Accounting and Tax-Loss Harvesting: Cointracker optimizes cost basis accounting methods so users can save money each year, and enables users to tax-loss harvest their portfolio.
Tax Reports: Cointracker can generate tax reports in minutes, so users can file with TurboTax or their accountant. It supports US, India, UK, Canada, and Australia for full support, and partial support for other countries.
Team / Funding / Backers / Other Info: Over 3% of the entire global crypto market is currently tracked on CoinTracker. It synchronizes over $50B in crypto assets daily and provides users with a unified view of their portfolio, as well as optimized taxes.
January 2022 last year, CoinTracker raised $100M in Series A funding from a selection of partners including Accel, General Catalyst, Initialized Capital, 776 Ventures, and Y Combinator, along with strategic investments from Coinbase Ventures, Kraken Ventures, and Intuit Ventures, and a number of angel investors.
Link to product | Link to TFC listing
Diamond
“The home for creators and communities."
Type of Product: Web3 Social
Purpose of Tool: Diamond is a popular Twitter-like app that is built on the DeSo blockchain platform. It has a decentralized infrastructure, allowing users to interact with each other in a secure and trustless manner, without relying on a centralized service provider.
Features of Diamond:
Security: Diamond offers a secure environment for users, using DeSo's robust blockchain-based infrastructure.
Monetization: Users can monetize their following by tipping other users with their unique “creator coin” that is created and stored on DeSo’s blockchain.
Interoperability: Creator coins have interoperable utility with many of DeSo's other apps.
User Friendly: Diamond is easy to use, with an intuitive user interface that makes it accessible for all users.
Instagram influencers have difficulty monetizing their followings, but on Diamond they can easily use their "creator coin" to get tipped in the form of DESO. This coin is a type of tokenized social clout which increases in value with more purchases. DESO can also be used to access many other DeSo apps.
Team / Funding / Backers / Other Info: DeSo is a decentralized social network that is built on a proof-of-work consensus, with plans to shift to proof-of-stake by January 2023. It boasts a higher monthly active user count than its competitors at ~130K as of October 2022, and has more than 50 apps building on it, with its most active being Diamond.
It is fairly distributed, with top owners of DESO tokens owning no more than 3.12% of the total DESO supply as of December 2022. Despite this, the chain is still vulnerable to attack if the DESO token price plummets.
Link to product | Link to TFC listing
QuillCheck
“Rug Pull Detection to prevent you from getting REKT"
Type of Product: Security
Purpose of Tool: QuillCheck is an innovative blockchain-based platform that helps in building a safe, fair, and beneficial crypto space. It provides an effective way to detect possible rug pulls and other security threats in the smart contract code, honeypots, and vital information about a project’s liquidity.
The Features of QuillCheck are:
Code Checks: QuillCheck parses the code of the contract through 21 rigorous standard tests which cover code checks, owner and dev checks, holders checks, and liquidity and tax checks to ensure the most reliable results.
Risk Meter: QuillCheck provides a safety meter, with multiple color zones indicating the level of threat. We advise DYOR but indicate that a project is safer if its safety level lies in the green zone. The exact score will also be shared as well as the checks the token's contract code has passed.
Contract Address Scan: Just paste the contract address of the token in the search bar and we will prepare a thorough analysis of the project's security for you.
Alert System: QuillCheck also provides an alert system to keep the users informed of any potential risk associated with the project.
Team / Funding / Backers Info / Transaction Amount: QuillAudits has completed over 700 audits and reviewed more than 600,000 lines of code, securing over $16 billion in the past four years. The company offers a rewarding program of up to 15% in commission for successful referrals. To date, rewards shared out through this program total more than $190,000.
Link to product | Link to TFC listing
AssetDash
"Track your portfolio and earn rewards”
Type of Product: Rewards & Marketing
Purpose of Tool: AssetDash is a modern portfolio tracking tool that allows users to unlock exclusive deals and rewards based on their investments. With coverage across 150+ platforms from stocks to cryptos to DeFi and NFTs, AssetDash provides users with the most comprehensive portfolio tracking experience.
Features for Members:
Connect your investments: Quickly connect all of your investments for a comprehensive portfolio view.
Access exclusive deals: Instantly unlock rewards and deals from top merchants based on your investments.
Earn rewards: Track your investments to earn rewards and unlock more deals.
Features for Merchants:
Launch your product: Get your product in front of new customers quickly and easily.
Find lifetime value customers: Attract new customers without upfront costs by offering a deal on AssetDash’s platform.
Maximize ROI: Get the most out of your marketing budget with targeted customers who are already interested in your product.
Team / Funding / Backers / Other Info: AssetDash recently announced on January 3rd, 2023, that the Top 10,000 biggest holders of $BONK would be receiving access to AssetDash Gold. Last night, the company took a snapshot of those holders and upgraded them to Gold. Those eligible can find out if they are in the Top 10,000 and get upgraded now at assetdash.com/bonk.
Link to product | Link to TFC listing
Wallet Guard | Builder Community | Link to product
Metagame | Events Tools | Link to product
LT30 | Dev Tool | Link to product
RabbitHole | NFT Tool | Link to product
Kiln | DEX | Link to product
CoinList | Data Engineer | Link to position
Uniswap | Community Lead | Link to position
Reddit | Solidity Engineer in Crypto Security | Link to position
Okcoin | Product Manager | Link to position
Fireblocks | Senior Financial Analyst | Link to position
Interlay | Community Manager | Link to position
Niftys | Account Manager | Link to position
MetaStreet Labs | Solidity Engineer | Link to position
Nethermind | DevOps Engineer | Link to position
Oasis Protocol | Head of Marketing | Link to position
Zora | Finance Lead | Link to position
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Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!