⚡ TFC Newsletter: 02/10/2023
SEC & Kraken News, Social Portfolio Tracking, Automated Web3 Rewards, Decentralized Betting, Web3 Affiliates, and more!
💡 Intro
🥳 Happy Friday! Another strong week for crypto markets and NFT launches.
A while ago when we ran our feedback contest: a number of you asked if you could contribute / write for the Substack. We now have time to work on this, so if you’re interested in either writing or contributing to TFC: reply to this email, we’d love to talk!
Have a good weekend, and see you all next week!
In the first major regulatory move in a while: the SEC went after Kraken (a major crypto exchange) and fined them $30M dollars, resulting in Kraken completely closing their staking platform for US customers.
What This Means:
Kraken customers in the US can no longer earn yield through staking on the platform.
Other exchanges’ staking programs (Coinbase included) are likely next on the SEC’s hitlist.
While international customers can continue earning: US customers are at a clear disadvantage going forward.
CEO & co-founder of Kraken weighed in, reminding everyone that staking continues outside of the US:
Blockchain gaming platform AjunaNetwork has raised $5 million, on top of its $2 million seed round, to continue integrating popular gaming engines and further build out on Polkadot, Ethereum and Polygon - CoinDesk
Crypto Exchange C3 Raises $6 Million, Aiming to Fix FTX Flaws - Business Insider
Web3 tower defense game developer Omega Royale raises $2.1 million - TheBlock
ManesLAB, a brand group driven by Web3 culture and the creator economy, has raised $1.8M in seed funding - Announcement
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.
Nested
"Build crypto portfolios or copy the best traders."
Type of Product: Social Portfolio Tracking
Purpose of Tool: Nested is a decentralized finance (DeFi) social trading platform trading platform that revolutionizes the accessibility to web3 investment in a way that is unprecedentedly simple, social and safe. It enables people who know about crypto, and those who do not, to make money off each other in a way that is fair and mutually beneficial.
User Experience: Enjoy the best and most self-intuitive user experience DeFi has to offer.
Portfolio Creation & Management: Create, visualize, edit and liquidate portfolios made up of the assets of your choice.
Copy & Earn Royalties: Replicate other users' strategies and earn royalties from every replication.
Staking (Coming Soon): Your portfolio can earn you yield if the assets in your portfolio are set properly.
Borrowing (Coming Soon): Use the crypto held in your Nested portfolio to borrow money on decentralized borrowing protocols.
Team / Funding / Backers / Other Info: On Feb. 21, Nested announced that it had raised $7.5 million in a Series A funding round. The round was led by investor Alan Howard, and saw participation from Republic Capital, Kenetic Capital, CMT Digital, and several angel investors and technophiles such as Joseph Eagan, Lily Liu, and Julien Bouteloup.
Link to product | Link to TFC listing
Polymarket
“Bet on your beliefs."
Type of Product: Decentralized Betting
Purpose of Tool: Polymarket lets people trade on the world’s most highly-debated topics. Powered by the Polygon blockchain, users can purchase and sell tokens without network fees and quickly fund wallets from crypto exchanges like Coinbase or Binance. Buyers weigh in their own knowledge, research, and view of the future to build a portfolio and earn returns if their predictions are correct.
No Network Fees: Powered by the Polygon blockchain, users can purchase and sell tokens without network fees.
Quick Wallet Funding: Easily fund wallets within seconds from your favorite crypto exchange like Coinbase or Binance.
Real-Time Data: Market prices reflect what traders think are the odds of future events, turning trading activity into actionable insights.
Profits: After the market resolves, redeem winning shares for $1 each.
Wide Browser Support: Polymarket is accessible with Chrome, Firefox, Safari, Brave, and MetaMask.
Team / Funding / Backers / Other Info: Shayne Coplan, Polymarket’s CEO, announced a $4 million investment round for Polymarket on October 2020. The massive early round was led by Polychain Capital, with major participation from AngelList co-founder Naval Ravikant and other notable investors such as Balaji Srinivasan, Meltem Demirors, Robert Leshner of Compound, Aave’s Stani Kulechov, Synthetix’s Kain Warwick, and others.
Link to product | Link to TFC listing
Qwestive
“Turn your Community Into a Growth Engine."
Type of Product: Web3 Referral & Affiliate Software
Purpose of Tool: Qwestive is a Web3 referral platform where you can discover referral partners with relevant audiences, track on & off chain conversion events, design flexible reward structures, access campaign analytics & reporting, and seamlessly integrate into your dApp.
Discover Referral Partners: Find referral partners with audiences that are relevant for your product's growth.
Track Conversion Events: Automatically track customizable on or off chain conversion events within your dApp.
Design Reward Structures: Create the reward structure that best fits your needs, from fixed rewards to tiered rewards or revenue share rewards.
Campaign Analytics & Reporting: Get insights on the reach and revenue impact of each of your campaigns to optimize performance and maximize ROI.
Seamless Integration: Qwestive’s referral system integrates seamlessly into your application, handling the complexity of referral tracking, revenue attribution, and reward distribution.
Team / Funding / Backers Info / Transaction Amount: Qwestive joined Binance's Season 4 of its Incubation Program on May 4, 2022. Currently, 42 out of 50 spots have been claimed in the private beta.
Link to product | Link to TFC listing
CUB3
"Automatically reward everything”
Type of Product: Automated Web3 Rewards Platform
Purpose of Tool: CUB3 is an automated rewards platform that allows companies to reward their customers for online and offline interactions. With CUB3, businesses can reward members for newsletter signups, dancing on TikTok, attending events, and more.
Rewards are delivered as blockchain-compatible digital collectibles, providing trading transparency and a powerful emotional connection that goes beyond just purchase-based loyalty points.
Reward Members: Automatically reward any interaction online or offline and direct people towards the most important behaviors to you.
Create Meaningful Rewards: Customized, fun and meaningful rewards that tap into status and belonging create a much more powerful and emotional connection than just purchase-based loyalty points.
Own the Relationship: Engage directly with customers across every channel and gain insight into their behaviors.
Easy-to-Use Templates + Network API: Explore customizable campaign templates designed to deliver industry-best results, or create integrations with our network API, with dev-friendly services/APIs empowered by web3.
Team / Funding / Backers / Other Info: Just yesterday on February 9th, CUB3, has raised $6.5 million in a Series A round of funding. The round was led by BITKRAFT Ventures and Fabric Ventures, following a $2 million seed round in November 2021. Dr. Muddy Bhatt, co-founder and CTO of CUB3, previously worked at Google's DeepMind and Verses, where he designed sorting, slotting, and routing algorithms used in Amazon 3PL warehouses.
Link to product | Link to TFC listing
RAMP Network | DEX | Link to product
Gitcoin | Community | Link to product
Superfluid | Banking | Link to product
AssetDash | Portfolio | Link to product
Cryptosteel Capsule | Crypto Safety | Link to product
Uniswap | PhD Research Fellow | Link to position
Coinshift | Data Engineer | Link to position
Phantom Wallet | QA Engineer | Link to position
ConsenSys | Brand Marketing Lead | Link to position
Coinbase | Senior Payroll Analyst | Link to position
The Block | Senior Financial Analyst | Link to position
Messari | Senior ML Engineer | Link to position
Aptos Labs | Product Designer | Link to position
Chainlink | Fullstack Engineer | Link to position
Paxos | Customer Success Manager | Link to position
Flipside Crypto | Account Manager | Link to position
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Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!