⚡ TFC Newsletter: 03/21/2023
Sony Files NFT Gaming Patent, Magic Eden Launches BTC Ordinals Marketplace, Web3 Jobs Board, Crypto Portfolio Tracker, Decentralized Video Platform, and more!
💡 Intro
This week: Sony Interactive Entertainment filed for a patent that would make NFTs transferable between different games and consoles.
The patent suggests the company may add NFTs into the PlayStation ecosystem on PS4 & PS5 in the near future.
Why This Matters:
During the bear market: big companies like Sony have been building infrastructure & systems to support future Web3 gaming efforts
This work is greatly needed to make Web3 gaming go mainstream in the future
If improvements keep happening at the infrastructure & law level: Web3 gaming can be brought to mainstream gamers and there will be huge investment & builder opportunities for being early
While it may or may not decouple from crypto, many gaming companies are quietly working on Web3 initiatives internally
There’s also huge funding still happening for Web3 gaming even in the bear (with another $40M announced today).
Following the BTC Ordinals trends: Magic Eden just released their own marketplace for trading BTC NFTs.
The BTC NFT marketplace space is currently very fragmented: giving Magic Eden a chance at taking majority share.
Auros / $17M— Auros, a crypto trading and market making firm, has secured a $17 million investment in a funding round led by traditional high-frequency trading company Vivienne Court Trading and public bitcoin mining company Bit Digital (BTBT). — CoinDesk
Metatime / $11M — Blockchain ecosystem Metatime received a total of $11 million in funding from leading investors such as Halkbank, Kalyon Holding, Yıldız Technical University and Türk Telekom under the umbrella of Yıldız Tekno GSYO A.Ş. — CryptoDaily
Megaton Finance / $1.5M— Megaton Finance, an Automated Market Maker Decentralized Exchange (AMM-DEX), has received $1.5 million in seed funding led by TONcoin.Fund. — Mondo Visione
Aavegotchi / $30M— Pixelcraft Studios, the creators of the popular metaverse game Aavegotchi, have announced that they raised $30 million in a multiyear token sale. — Yahoo Finance
Carbonable / $1.2M — Ethereum-based carbon credits tracker Carbonable has raised $1.2 million in a seed funding round led by Ethereal Ventures and La Poste Ventures. — CoinDesk
MINTangible / Undisclosed — MINTangible, a leading Web3 solution for NFT license and royalty rights, has completed its seed funding round of an undisclosed amount. The round was led by Tagus Capital. — DC News Now
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Outdefine
"Own Your Career"
Type of Product: Web3 Jobs
Purpose of Tool: Outdefine is a decentralized community that prioritizes talent and provides its trusted members with access to top jobs globally. Members can set their own rates, work from anywhere in the world, and earn tokens for completing tasks and missions. The community offers a range of benefits including keeping 100% of your pay with no hidden fees.
Career perks: Members can earn tokens for accepting jobs, completing contracts, and furthering their education through courses and events.
Governance: Members have a voice in the community through voting with their tokens. They can contribute to the roadmap, vote on community interests, and propose changes.
Community benefits: Members can earn tokens for contributing to the growth of the community through volunteering and referring talent.
Flexibility: Members have the freedom to work from anywhere in the world and access over 100 global opportunities.
Team / Funding / Backers / Other Info: On December 9th, 2022, Outdefine, a startup based in San Francisco, announced that it had raised $2.5 million in funding. The round was led by TCG Crypto and Jump Crypto, both of which are web3 investors. Other participants in the round included Big Brain Holdings, Formless Capital, Blocore, Mask Eco Fund and various crypto angels and syndicates.
Link to product | Link to TFC listing
NFTBank
“Upgrade your NFT finance journey with the most accurate NFT valuation"
Type of Product: Portfolio
Purpose of Tool: NFTBank is an NFT portfolio management tool and valuation engine that allows users to make informed decisions about their NFT portfolio and enable advanced DeFi use cases. It is powered by a powerful ML model for NFT price appraisals
NFT Portfolio Management: NFTBank allows users to easily manage their entire NFT portfolio from one place 3.
Accurate Valuation: The platform provides users with the most accurate net worth snapshot of their portfolio with an unparalleled coverage of 1,800 projects and counting 2.
Chrome Extension: The NFTBank Chrome Extension allows users to access the most accurate NFT valuation directly from Opensea [user message].
Estimate API: Already trusted and supported by 15+ partners, NFTBank’s API has become an indispensable piece for building NFT finance-related services
Metaverse Asset Management: Users can manage their Metaverse assets in one place [user message].
Easy Tax Filing: The platform offers easy and convenient tax filing for its users
Mobile App: Users can track their portfolio straight from their phone by downloading the app from Google Play Store or Apple App Store
Team / Funding / Backers / Other Info: On April 19th, 2021, it was announced that NFTBank.ai had raised $1.4 million in a seed funding round. The round was led by Hashed, an Asian venture investing veteran. Digital Currency Group and 1kx also participated in the round.
Link to product | Link to TFC listing
Gamma
“Where people come together to create and collect what’s next"
Type of Product: BTC Ordinals Marketplace
Purpose of Tool: Gamma is an open marketplace for Bitcoin NFTs. It allows users to trade inscribed satoshis peer-to-peer through Ordinals auctions. The platform is similar to the Ethereum NFT marketplace OpenSea.
Supports Ordinals auctions for peer-to-peer trading of inscribed satoshis
Offers a “no-code” Ordinals creation tool that allows users to upload and inscribe any image to the Bitcoin blockchain
Has assisted in the production of more than 30,000 inscriptions, making up almost 10% of all Ordinals on the network
Allows access to only Stacks NFTs and Ordinals, but not Ethereum NFTs
Enables users to connect Ethereum wallets to a single profile and showcase NFTs across three networks (Bitcoin, Stacks and Ethereum)
Team / Funding / Backers Info / Transaction Amount: On March 20th, 2023, Gamma announced the launch of its ordinals marketplace. As proud sponsors of the first-ever Ordinals conference and the art gallery at Bitcoin Miami 2023, Gamma is looking forward to collaborating with curators, Xverse and Bitcoin Magazine to explore the intersection of Bitcoin and the art world.
Link to product | Link to TFC listing
Joystream
"The video platform DAO”
Type of Product: Decentralized Video Platform
Purpose of Tool: Joystream is an open-source platform that powers multiple video streaming apps with an open blockchain at its core. It allows videos uploaded via any app built on Joystream to reach consumers of other apps on the network. The platform provides the architecture to build video-based applications on the Polkadot blockchain.
Allows videos uploaded via any app built on Joystream to reach consumers of other apps on the network
Provides architecture to build video-based applications on the Polkadot blockchain
Has its own video platform where users can upload videos and sell them as NFTs
Allows users to issue a token from their own channel
Offers decentralized media distribution, curation, discovery and monetization services
Provides rewards in the form of micro-payments to peers for seeding content through peer-to-peer cryptocurrency payments
Team / Funding / Backers / Other Info: On March 23rd, 2022, Joystream announced that it had raised an additional $5.85 million in funding at a valuation of $60 million. This brought the total amount raised by the company to approximately $13 million from over 30 investors including Digital Currency Group (seed round), Hypersphere, DefiAlliance and D1 Ventures.
Link to product | Link to TFC listing
Perk Shop | Community Rewards | Link to product
CRYPTOTAG | Crypto Safety | Link to product
PARSIQ | Analytics | Link to product
Sintra | NFT Tool | Link to product
Shyft | Dev Tool | Link to product
Gelato Network | Senior Partnership Manager | Link to position
Bebop | Front-End Engineer | Link to position
Wintermute | C++ Trading Platform Developer | Link to position
prePO | Web3 Marketing Lead | Link to position
Nethermind | UI/UX Developer | Link to position
Offchain Labs | Golang Engineer | Link to position
Ripple | Marketing Analyst Intern (Summer 2023) | Link to position
Bloxstaking | Social Media Manager | Link to position
Messari | Sr. Backend Engineer, API | Link to position
RabbitHole | Senior Product Designer (Crypto-Native) | Link to position
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Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!