⚡ TFC Newsletter: 02/13/2023
SEC Sues Paxos, DigiDaigaku SuperBowl Ad Explained, Onchain Analytics, Shopify Blockchain Suite, Crypto Sending Tool, New Exchange, and more!
💡 Intro
🥳 Happy Monday!
Big news today as the SEC is suing Paxos to stop the issuing of BUSD, the USD stablecoin issued by Binance (in partnership with Paxos).
This story will likely play out more over the next week, but could caused major trouble for Paxos.
Outside of the BUSD / Paxos debacle: the DigiDaigaku Superbowl saga is the most talked about story today.
For background: DigiDaigaku is an NFT collection from a company called Limit Break, which has over $200M in VC funding.
The founder Gabriel Leydon is extremely active on Twitter and has become an NFT celeb.
Weeks ago: he announced they would be running a Free-to-claim QR code mint directly through a Superbowl commercial. As all crypto based ads were banned from the Superbowl, this made DigiDaigaku the only Web3 ad and many people were eager to tune in and mint.
While the mint did happen and 10k DigiDaigaku Dragon Eggs were claimed: many people were angry as the QR code in the Superbowl directed to Gabriel’s Twitter account (instead of any NFT based landing page).
While not a complete success (as NFTs and Web3 were not highlighted + likely only NFT traders minted as opposed to the general public): it was a unique experience that should spur future Web3 ads trying to onboard people in a similar way.
The mint itself peaked around .7ETH and is now at .25ETH floor which is pretty good for a 10k supply free mint.
If you traded on BLUR over the past few months and qualified for their token airdrop: don’t forget to claim your tokens tomorrow!
As BLUR is currently the highest used NFT marketplace + aggregator by volume (even above OpenSea), tomorrow should be a big day in the NFT space. A lot of liquidity can come into the NFT market as traders dump their BLUR tokens and buy NFTs. Keep an eye out!
Sesame Labs Raises $4.5 Million in Seed Funding Round to Fuel Growth of Web3 Marketing - BlockchainMagazine
SolanaMonkeyBusiness bought by Hadeswap as NFT market consolidation continues - TheBlock
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!
👉 Brought to You by CoinLedger: Get your crypto taxes done in minutes. Get 10% off through our link.
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.
Footprint Analytics
"Blockchain analytics made simple."
Type of Product: Analytics
Purpose of Tool: Footprint Analytics is a suite of tools that allows users to explore and understand blockchain data. With Footprint, users of any level of analytics experience can gain a deeper understanding of any GameFi title, NFT collection, marketplace, or DeFi protocol.
Similar to Dune Analytics: Footprint is a great dashboard & analytics tool, particularly for Web3 Gaming projects.
Not only can you create your own custom dashboard, but they also have a section for user generated dashboards ranked by views & likes.
Investigating: provides users with the ability to investigate crypto token activity, wallet analysis, and chain volatility. With the data provided, users can find out where FTX investors moved their crypto after the exchange's collapse, assess whether OG BAYC holders are still interested in Yuga Labs' new projects, and determine which chains are the most stable.
Charts: offers charts that show daily top 10 addresses for tokens, displaying information such as address distribution of token balance and token inflows and outflows.
Project Dashboards: The suite of products also includes Project Dashboards, which allow users to assemble all the data about their favorite projects in one place, making it easier to manage the project and ensure its success.
Team / Funding / Backers / Other Info: Footprint Analytics, a Singapore-based firm, closed a Seed Plus round with Matrix Partners leading the round joined by Redpoint, A&T Capital, Hash Global, Waterdrip Capital, Lancer Capital, and Dual Epoch Capital. This latest round raised a total of $2.65 million, bringing the company's total fundraising to $4.15 million after its previous round led by IOSG.
Link to product | Link to TFC listing
Shopify Blockchain
“Build For Blockchain Commerce."
Type of Product: Creator Tool
Purpose of Tool: Shopify Blockchain provides a suite of APIs and components that enable token-powered experiences. Merchants can use Shopify Blockchain to drive loyalty and foster brand collaborations. It also allows them to empower their customers and communities.
Shopify just launched this a couple days ago, and its a major step forward for making NFT/Crypto experiences in Ecommerce shops.
NFT Distribution: Shopify Blockchain enables merchants to sell or gift NFTs. However, merchants must first get approval from Shopify before selling through Shopify Payments.
Tokengating and Loyalty: Tokengated commerce allows merchants to offer exclusive access to products, discounts, or content to customers who own a specific NFT (or token).
Crypto Payments: Merchants can enable one or more additional payment methods from the Payments page in the Settings section of their Shopify admin to accept cryptocurrencies.
Link to product | Link to TFC listing
C3
“The new era of exchange is here; trade securely with self-custody."
Type of Product: Exchange
Purpose of Tool: C3 is a self-custodial exchange that combines the best of centralized and decentralized exchanges. It offers features such as advanced order types, chain agnostic connectivity, margin funding and trading, and high throughput with instant execution, all while remaining trustless and secure.
Currently in waitlist: C3 is an exciting new exchange tool that just raised $6M in funding last week, thats worth keeping an eye on.
Trustless: C3 is designed to be completely trustless, allowing users to trade without the need for a third-party intermediary.
Chain Agnostic: C3 is chain agnostic, meaning users can connect their favorite wallet from any blockchain and start trading.
Margin Funding and Trading: C3 offers leveraged spot trading, and liquidity providers can earn yield by funding traders wanting to trade with leverage.
High Performance: C3 offers high throughput with instant execution, thanks to its hybrid off-chain matching and on-chain settlement architecture.
Team / Funding / Backers Info / Transaction Amount: C3 has announced that it has secured $6 million in a seed funding round led by Two Sigma Ventures recently on February 10, 2023. The round was supported by a number of traditional investors, quant firms, and liquidity providers, including Jane Street, Hudson River Trading, Flow Traders, Jump Crypto, Cumberland DRW, Golden Tree, CMS Holdings, AlphaLab Capital, and C² Ventures.
Link to product | Link to TFC listing
TipLink
"Send crypto to anyone with TipLink, even if they don't have a wallet.”
Type of Product: Payments
Purpose of Tool: TipLink is a lightweight wallet that makes transferring digital assets as easy as sending a link. It was designed to simplify the process of sending and receiving cryptocurrency, allowing users to send and receive funds without having to worry about complex transaction fees or opening token accounts.
Easy to Use: Creating and sending a TipLink is as easy as buying a gift card. Simply connect your crypto wallet of choice and deposit the amount you want to send.
No Fees: TipLink does not take any fees for transactions.
Secure: TipLink is designed with security in mind, making your transactions as secure as possible.
Multi-Platform: You can send your TipLink over any platform, including text, Discord, or email.
Team / Funding / Backers / Other Info: TipLink recently announced support for NFTs on Solana, making it possible for anyone to receive an NFT with a link, regardless of whether or not they have a wallet. This new feature is non-custodial and allows users to claim their NFT in seconds. The Beta version of TipLink is now available.
Link to product | Link to TFC listing
Upstream | DAO Tool | Link to product
Prom | NFT Marketplace | Link to product
NFT Tech | NFT Creator Tool | Link to product
RESTN | Web3 Health | Link to product
OctoGamex | NFT Trading | 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
How was the newsletter today? Your feedback helps me make this great.
Loved it | OK | Didn’t Like
Anything you want to see? Fill out this form and let us know!
Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!