⚡ TFC Newsletter: 02/07/2023
China Airdrops CBDC, MetaMask Snaps Explained, DeFi Analytics Tracker, Privacy First Portfolio Tracker, Blockchain Infra, and more!
💡 Intro
Chinese citizens asking “Wen airdrop” got their wish, as $26M dollars worth of China’s central bank digital currency was given to citizens over Lunar New Year in an effort to boost adoption.
Vouchers were given and could be used through the e-CNY wallet app to pay for goods like Covid prep materials, food, cleaning supplies, and more.
China is not the only country expanding CBDC internally: the Bank of England recently launched their own digital pound as well.
Anytime a major platform launches a store or a way to integrate apps or APIs: there’s huge potential for businesses and projects to win by being first adopters.
MetaMask is looking to directly create an ecosystem of devs/platforms/apps being accessed right from MetaMask, with an upcoming feature called Snaps.
Snaps looks to make a permissionless ecosystem where devs can extend MetaMask in various ways.
MetaMask Snaps is currently only available in the dev version of Metamask, but with the company looking to have it ready by end of 2023: watch for any projects that are first movers onto the platform.
GammaSwap Closes $1.7M Seed Round to Revolutionize DeFi & Impermanent Gains - Medium Announcement
Inkle raises $1.5M in funding to power tax and accounting for US cross-border companies, including adding crypto tax support - Forbes
Web3 startup Webacy has raised $4 million and launched a suite of safety products that fit into existing self-custodial wallets - CoinDesk
Cedro Finance raises $1.5M to build an Omnichain Future - Medium Announcement
SPACE ID Closed $10M Strategic Round Led by Polychain Capital and dao5 - Medium Anouncmenet
Elementus Raises $10M in Funding to Continue Building Infrastructure Needed to Make Blockchain More Accessible - PRNewsWire
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If you’re a builder, investor, or crypto enthusiast, this will benefit you!
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Tin.Network
"Manage your DeFi and NFTs in one simple interface."
Type of Product: DeFi Portfolio Tracker
Purpose of Tool: Tin.Network helps users manage their DeFi and NFTs in one simple interface. Tin uses Covalent to access DeFi and NFT data across multiple chains, giving users the ability to track their portfolios, view rewards and yields, and discover new farming opportunities.
Tin provides users with a wide range of features to help manage their DeFi and NFTs. These features include:
Access to 58 networks
Access to DeFi and NFT data across multiple chains
Portfolio tracking
Viewing of rewards and yields
Discovering new farming opportunities
Team / Funding / Backers / Other Info:
Link to product | Link to TFC listing
MetaDock
“We help crypto users explore blockchain smoothly."
Type of Product: Blockchain Analytics
Purpose of Tool: MetaDock by BlockSec is a dock that aggregates multiple blockchain explorers, allowing users to unlock the full potential of web 3. With MetaDock, users can search for addresses, transactions, ENS, and NFTs, as well as interact with various popular tools right in the blockchain explorers.
View Fund Flow: View fund flow for any address simply with one click, and gain insight from the fund flow with high value correlated address, supports most EVM-compatible blockchains.
Understand Risks of NFT Collection: Visualize the risks associated with the NFT collection in three dimensions using a radar chart, which seamlessly integrates with major NFT marketplaces.
Interact with Popular Tools: Access Debank, Tenderly, Transaction Viewer, Phalcon, NFTGo, Dedaub, Eden Network, Flashbots Explorer and more useful tools through MetaDock.
Enhanced Labels and Compliance Score: MetaDock provides additional labels and compliance scores, allowing crypto users to better understand the activities and risks associated the corresponding address.
Team / Funding / Backers / Other Info: BlockSec closed a successful Seed Plus funding round last year, raising $8M from co-leaders Vitalbridge Capital and Matrix Partners, as well as from investors Mirana Ventures (Venture Partner of Bybit), CoinSummer, and YM Capital.
Link to product | Link to TFC listing
rotki
“The portfolio manager that protects your privacy."
Type of Product: Portfolio Tracker
Purpose of Tool: Rotki is an open-source portfolio tracker, accounting and analytics tool that helps protect your privacy. It's designed to help users manage and track their crypto assets, as well as offering support for tax reporting.
Crypto Asset Tracking: rotki allows users to track all their crypto assets no matter where they are, either on a blockchain or on one of the supported exchanges.
Fiat Asset Tracking: Users can manually input information on their fiat assets (i.e. how much EUR, USD, etc. they own) so that the analytics also take them into account.
Manual Input: rotki also allows users to manually input their actions that they would like to be tracked by adding an “external trade”.
Tax Report: rotki offers a tax report that calculates all trades in a given period and determines the user's profit or loss depending on their given settings.
Link to product | Link to TFC listing
Chainstarters
"Web3 loyalty infrastructure for brands.”
Type of Product: Web3 Loyalty
Purpose of Tool: Chainstarters is an all-in-one platform that helps brands unlock the potential of digital assets to build a 1-to-1 relationship with their customers, at scale. With Chainstarters, brands can deploy NFT collections, customize their own storefront, and add web3 to their business without hiring new developers.
Chainstarters offers a variety of features to help brands build relationships with their customers. These features include: Community Building, Targeted Promotions, Ambassador Programs, Gated Content & Exclusive Events.
Targeted Promotions allows brands to promote discounts and special offers to thousands of customers all at once.
Ambassador Programs reward and engage affiliates with digital assets that can be reshared with their audiences.
Gated Content & Exclusive Events incentivize loyalty with tiered access that unlocks exclusive content.
Community Building allows brands to create powerful touchpoints between themselves and customers with reward-based programming.
Team / Funding / Backers / Other Info: Chainstarters secured an undisclosed amount of Pre Seed funding from Forward Venture Capital and two other investors on Jan 15, 2022. Previously, the company had secured a Non-Equity Assistance from Newchip on Dec 1, 2020. The company is led by Chief Technology Officer Andrew Malkin and Chief Executive Officer Michael Berson.
Link to product | Link to TFC listing
Arweave | Analytics | Link to product
Ascenders | Metaverse Games | Link to product
Noox | Web3 Tool | Link to product
NFTEye | NFT Analytics | Link to product
GrizzlyFi | DeFi | Link to product
Aptos Labs | Business Development Lead | Link to position
Stacks Foundation | Blockchain Engineer | Link to position
Polygon | Software Engineer | Link to position
ClubRare | Growth Marketing Manager | Link to position
Outlier Ventures | Head of Investments | Link to position
Binance | Senior Data Engineer | Link to position
Ava Labs | Research Analyst | Link to position
Chainlink | Engineering Manager | Link to position
OpenSea | Senior Software Engineer | Link to position
Risk Labs | Head Sales Engineer | Link to position
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Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!