⚡ TFC Newsletter: 04/10/2023
Sushiswap Hack Explained, Nike's .SWOOSH Airdrop Announcement, Web3 Wallets, Crypto Meetups, Aggregators, and more!
💡 Intro
🥳 Happy Monday!
🎉 Big week this week, as NFT NYC 2023 is happening (April 12 - 14th). As always: we’ll be on the lookout for important news from the event and will cover it for you all.
🙏 Thanks to everyone who joined the TFC Rewards Club! We got a lot of collab requests + emails over the weekend, so if you sent those: we’ll be replying by EOD!
🐦 Twitter embeds are still broken, even after Twitter rolled back their anti-Substack measures. We’re still looking for a workaround (as embeds are much better UX than screenshots).
This weekend: millions of dollars were stolen through an exploit on popular dex, Sushiswap.
If you’ve traded on Sushiswap over the past week: make sure you revoke their contract approval (as mentioned by the CEO below).
How do you revoke contracts? Even if you weren’t affected by the Sushiswap hack, its important in crypto/web3 to know how to revoke approvals (in case you’re affected by a future hack).
Our favorite way is using Revoke.cash, a popular security tool.
In case you find yourself needing to revoke a contract, do the following:
Go to their site (always make sure you’re on the right domain as well)
Search by your address
It’ll show you the list of contracts you’ve approved
If you have an exploited contract shown: click the revoke button on that row. A transaction will be sent that removes the approval.
.SWOOSH (Nike’s new home for virtual creations) has announced their first airdrop to early adopters, in the form of a “digital poster”.
If you already have a .SWOOSH wallet (the platform’s in beta right now), you may find a collectible in your wallet soon.
.SWOOSH is exciting and in our opinion: has the potential to be a leading Web3 project from a big brand, similar to Starbucks Odyssey & Reddit NFTs for their respective companies.
This Saturday: we’ll have rundown on the project (as well as how to join their waitlist), on top of our normal protocol tutorial.
Gameta / $5M — Gameta has successfully raised $5 million in a recent funding round, with participation from the venture capital divisions of popular crypto exchanges such as Binance, Gate.io, and Huobi. — Royalsblue
Safeheron / Pre-Series A+ — Safeheron, a digital asset self-custody infrastructure provider based in Singapore, has recently confirmed that it has secured a Pre-A+ funding round, with Hashkey Capital and Bixin Ventures leading the investment efforts. — TechNode Global
CryptoGPT / $10M — Zero-knowledge layer 2 blockchain network, CryptoGPT, has recently disclosed that it raised $10 million in a Series A funding round, with DWF Labs as the main investor, at a token valuation of $250 million. — The Block
Bitget / $100M — Derivatives exchange operator, Bitget, has recently unveiled a new venture capital fund aimed at web3, with a total value of $100 million. The fund is set to make investments globally, with a primary focus on Asia. — The Block
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.
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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.
OpenSea Pro
"The most powerful NFT aggregator"
Type of Product: NFT Tool
Purpose of Tool: OpenSea Pro is a specialized NFT marketplace aggregator catering to high-volume buyers and sellers. It allows users to browse listings from over 170 NFT marketplaces, including OpenSea, and offers optimized gas fees, live data, and powerful inventory management tools.
Extensive Marketplace Coverage: OpenSea Pro provides access to over 170 NFT marketplaces, making it a one-stop solution for NFT enthusiasts looking to buy or sell in bulk.
Optimized Gas Fees: The platform boasts the most optimized gas fees among NFT aggregators, ensuring a cost-effective experience for users engaged in high-volume transactions.
Live Cross-Marketplace Data: OpenSea Pro offers real-time data from multiple marketplaces, enabling users to make informed decisions by keeping track of the latest trends and prices across the NFT landscape.
Powerful Inventory Management Tools: With advanced inventory management features, users can easily purchase and list items in bulk, simplifying the process of managing large NFT collections. Additionally, OpenSea Pro allows users to mint items directly, avoiding the need for potentially malicious third-party websites or contracts.
Team / Funding / Backers / Other Info: For a limited period, OpenSea Pro is offering 0% fees on listings for the most popular collections, making it an attractive option for NFT creators and sellers.
However, to protect users from artificial sales volume, OpenSea may charge a fee of up to 0.5% in cases where creator earnings for a collection are set between 0 and less than 0.5%, or if a collection's volume and activity fall below certain thresholds.
Link to product | Link to TFC listing
Little Atlas
“Bringing communities together"
Type of Product: Web3 Events
Purpose of Tool: Little Atlas is a platform that helps token-gated communities to achieve higher levels of connection and engagement in the physical world. It is an extension and evolution of Degen Events, designed to enable communities to break into the physical world, using their existing token or NFT as a passport to access a world of IRL utility.
Very cool tool for finding Web3 and crypto meetups.
A lot of NFT NYC ones are listed currently on the platform.
Meetup View: Little Atlas enables users to RSVP and see who's going to an event, plan and chat right on the page, and easily share with friends.
User Profiles and Tile Exploration: allows users to browse user profiles and explore tiles owned by other wallets. This feature enables users to connect with other members of the community and explore their interests.
Display Little Atlas NFT on Twitter Bio: enables users to display their Little Atlas NFT right in their Twitter bio with Short Links. This feature makes it easy for users to showcase their NFT to their followers and market their brand.
Mint Smaller Tiles: allows anyone to mint smaller tiles under your district tile, and the mint fee will be partially shared with you. Picking a good location could potentially earn you mint revenue from tiles minted underneath your tile.
Team / Funding / Backers / Other Info: On March 7, 2023, the Chimpers community achieved a significant milestone using Little Atlas. They successfully organized and ran nine in-person meetups in eight different countries in just a month. This marks a remarkable 40x increase from their previous record before using the platform.
Little Atlas proved to be an ideal solution for the community to self-organize and mobilize their members effectively and is also being utilized by Zen Academy and Footium.
Link to product | Link to TFC listing
Rabby
“The game-changing wallet for Ethereum and all EVM chains"
Type of Product: Wallet
Purpose of Tool: Rabby is a browser extension wallet developed by DeBank that offers a smooth multi-chain user experience, pre-transaction risk scanning, and support for multiple signing methods. It is designed to make DeFi transactions easier and safer for users.
Rabby has much better app performance than Metamask, from our testing.
Smooth multi-chain user experience: Rabby is designed for multi-chain scenarios and it associates corresponding chain settings for each DeFi Dapp.
Support for multiple signing methods: Rabby supports a variety of signing methods, including hardware wallets like Ledger, Trezor, and GridPlus, as well as mobile wallets like MetaMask Mobile, Trust Wallet, and more. Institutional wallets like Gnosis Safe and FireBlocks are also supported.
Pre-transaction risk scanning: Rabby sends every transaction into a security engine for screening before users sign it to help them identify potential risks hidden behind. This feature is especially useful for detecting vulnerabilities like interacting contract attacks and non-existent recipient addresses.
One-click-switch option: Rabby's extension icon tells users which wallet is being used at the moment, allowing them to switch between wallets with just one click. This feature gives users full control over their transactions and ensures that they know exactly what they are signing.
Team / Funding / Backers Info / Transaction Amount: DeBank, founded by Tang Hongbo, is the company responsible for the popular Rabby Wallet. Despite being a Chinese company, they operate from Singapore and have managed to track over 800 DeFi protocols across 15 chains.
The impressive feat doesn't stop there, as DeBank has raised $25 million in development funds with the help of renowned investors such as Coinbase Ventures, Crypto.com, and Circle Ventures.
Link to product | Link to TFC listing
Matcha
"Trade all DEX at once”
Type of Product: Aggregator
Purpose of Tool: Matcha is a decentralized exchange (DEX) powered by 0x Labs that allows users to swap their tokens peer-to-peer through Ethereum's smart contract infrastructure. Here are some of the key features that make Matcha stand out from other DEXs:
Maximum Value on Every Trade: Matcha aggregates the best prices from a growing number of liquidity sources, including 0x, Kyber, Uniswap, Oasis, Curve, and others, to ensure that users receive the highest value possible on every trade.
Transparent Fees: Unlike some other DEX aggregators, Matcha displays all costs and fees associated with trades upfront, so users know exactly what they're paying for and why.
Complete Custody of Your Tokens: Because Matcha is a DEX, users retain complete custody of their tokens throughout the entire trading process. This means that there is no need to deposit tokens with a third party, as would happen when using a centralized exchange like Binance or Coinbase.
User-Friendly Interface: Matcha was designed to be super easy to use, with a friendly and approachable interface that even beginners can understand.
Team / Funding / Backers / Other Info: One of the products that 0x Labs offers is Matcha, which is managed by Chris Kalani, the General Manager, and John Johnson, the Senior Engineer. On April 26, 2022, 0x Labs received a funding of $70 million, led by Greylock, to further expand the core exchange infrastructure of Web3.
Link to product | Link to TFC listing
Upstream | DAO Creator Tool | Link to product
Hyperspace | NFT Marketplace | Link to product
Gomu | NFT Creator Tool | Link to product
Ramp network | DEX | Link to product
BlockWallet | Dev Tool | Link to product
MetaMask | Data Analyst | Link to position
Foundation | Sales & Partnerships Lead | Link to position
Chainlink | Web Designer | Link to position
Gemini | Social Media Intern | Link to position
Archimedes Finance | Product Manager | Link to position
ZORA | Senior Accountant | Link to position
Uniswap Labs | Senior Frontend Engineer | Link to position
Web3Auth | Senior DevOps 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!