⚡ TFC Newsletter: 02/17/2023
OpenSea Moves To 0 Fees For Limited Time, Web3 Wallet Landscape Explained, CBDCs, Web3 Social Messaging, Rollups Tool, Web3 Security, and more!
💡 Intro
🥳 Happy Friday! Another strong week for crypto and Web3 as a whole: BTC broke 25k, altcoin prices in general are strong, the BLUR airdrop added a ton of liquidity into the NFT market, and fundraising as a whole was very strong this week.
Let’s hope next week is just as good, and have a good weekend!
Also a massive change from OpenSea was just announced minutes ago: we’ll cover more on this Monday as details come in, but this is a major shift from OpenSea regarding fees and NFT marketplace competition:
Looking for some Web3 reading this weekend to get ahead?
Jericho put out a great post below detailing 100+ Web3 wallets.
It’s a great resource that breaks down important differences of each wallet, including:
Access point (mobile, web, desktop, etc)
Website
Tech Type
Chain(s)
Onramp
Security
Defi functionalities
NFT capabilityes
Swap/Briding utility
And more
They also included this handy infographic on 11 of the 100+ detailed:
Following the recent CBDC news from China and the Bank of England last week: Japan and Russia followed today, announcing their own CBDC pilots starting in April.
Million on Mars raises $3.5M for blockchain-based space sim - VentureBeat
Phi Raises $2M Seed Round to build an immersive social gaming world focused on on-chain activities - Medium
Game studio Unagi raises $5 million to expand Ultimate Champions and move beyond sports - TheBlock
GloryFinance and Korean Technology Venture Capital Sign a $3.5m Seed Round Investment Agreement - Bitcoin.com
Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks - Bitcoin.com
Polychain leads ZK chip startup Cysic's $6 million raise - TheBlock
YGG Continues Path to Decentralization with $13.8M Token Purchase Led by DWF Labs - Medium
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ChainPatrol
“Stop scams in your Web3 community, right at the wallet"
Type of Product: Security
Purpose of Tool: ChainPatrol is a security platform designed to protect the next generation of Web3 companies from scams and fraudulent transactions. It allows users to report scams directly to crypto wallets, freezing compromised social accounts and preventing false positives. By verifying domains, ChainPatrol prevents wallets from incorrectly blocking legitimate websites.
Reports filed by users are reviewed by team members and ChainPatrol staff to verify accuracy
Allows users to report scams directly to crypto wallets to stop fraudulent transactions
Freezes compromised social accounts and blocks posted links and wallet addresses
Verifies domains to prevent wallets from incorrectly blocking legitimate websites
Provides a simple workflow for projects to take ownership over their off-chain security
Team / Funding / Backers / Other Info: ChainPatrol has announced its participation in the Crypto Startup School, a program offered by a16z crypto. The program will start on March 7th and has received a large number of applications from 8,000+ teams across the globe.
Link to product | Link to TFC listing
Salsa
“Meet & Chat through POAPs"
Type of Product: Social
Purpose of Tool: Salsa is an app that combines social proof and wallet-native messaging to create a more connected web3 community. It allows users to message each other privately or publicly post on the feed, and easily view what events or people users have in common. Through direct integration with POAP, users can also connect with POAP creators to chat through the app.
Private and public messaging: Send private messages or post publicly on the feed
On-chain proof: Tap on a user's profile to see what events or people both you have in common
POAP integration: Directly link to POAP creators to chat through the app
Engagement for brands & creators: Easily engage with their audience through the app
Team / Funding / Backers Info / Transaction Amount: Helena Gagern and Grace Wang co-founded the startup Salsa last year, and the company has raised $2 million in a pre-seed round led by IDEO CoLab VC and Inflection.xyz on Feb. 16h, 2023. The round was also backed by Superscrypt and a number of angel investors, such as Nader Al-Naji, Liam Horne, Dan Romero, and more.
Link to product | Link to TFC listing
Stelo
"Explore Web3 with confidence”
Type of Product: Security
Purpose of Tool: Stelo is an open-source extension and developer API that makes crypto transactions safer and easier to understand. It protects users from scams and phishing attempts, so they can explore the world of web3 with confidence. Stelo's engine provides three key features: simulation, interpretation, enrichment, and risk analysis.
Simulation & Interpretation: Stelo's engine simulates transactions and interprets signatures to understand the state changes being made.
Enrichment: Stelo enriches any relevant entities (assets, contracts, and addresses) with contextual information, such as labels, prices, links, images, ENS names, and owned NFTs.
Risk Analysis: Stelo evaluates the risk of any interaction and alerts users if any malicious patterns or addresses are detected. It also includes risk factors even if the interaction isn't obviously malicious, such as when interacting with a newly deployed contract.
Team / Funding / Backers / Other Info: Yesterday on February 16th, Stelo has announced the launch of three new products to make web3 transactions easier and safer, supported by a $6m investment from a16z crypto. These products include Stelo v2, an updated version of the existing Stelo extension; Stelo Embed, a React SDK for embedding Stelo transaction screens; and approvals.xyz, an intuitive way to manage token approvals and revocations.
Link to product | Link to TFC listing
Caldera
"Build your web3 application without compromises."
Type of Product: Developer Rollups Tool
Purpose of Tool: Caldera is a high-performance, customizable, and application-specific layer-two blockchain designed to optimize the performance and user experience of decentralized applications. With the ability to process hundreds of transactions per second and sub-second confirmation times, Caldera offer a variety of tools to customize how customers interact with the chain.
Block Explorer: Allows users to view address balances and transaction history.
Web Bridge Interface: Allows developers and users to deposit and withdraw assets from the Caldera Chain.
Faucet: Allows users to easily acquire and test the native cryptocurrency of the chain.
NFT Marketplace: Allows for the creation and management of NFTs in a trustless and decentralized manner.
Team / Funding / Backers / Other Info: Caldera, a startup founded in March 2022 by Matt Katz and Parker Jou, has raised $9 million across two rounds of funding on Feb. 13, 2023. Sequoia Capital partner Shaun Maguire and Dragonfly Capital investment partner Ani Pai led the two rounds, which also had participation from Neo, 1kx and Ethereal Ventures.
Link to product | Link to TFC listing
Mirror | Community | Link to product
Zapper Finance | NFT Tool | Link to product
TrustCheck | Privacy | Link to product
Matcha | DeFi | Link to product
Valhalla | Gaming | Link to product
Den | Software Engineer | Link to position
MoonPay | Graphic Designer | Link to position
Phantom Wallet | DevOps Engineer | Link to position
Paxos | Treasury Analyst | Link to position
Alchemy | Growth Engineer | Link to position
Nansen | Head of Demand Generation | Link to position
Polygon | Blockchain Engineer | Link to position
LayerZero Labs | VC Analyst | Link to position
Fireblocks | Business Operations Manager | Link to position
Magic Eden | Product Designer | Link to position
Decentraland | Sr. Data 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!
Thank you for mentioning our LFB article about wallets!