⚡ TFC Newsletter: 04/11/2023
a16z State Of Crypto Report Explained, NFT Alpha Tools, Crypto Calendars, Web3 Social, and more!
💡 Intro
Today: a16z released their yearly State of Crypto Report. Link is here and it’s worth a read. They also released this super cool interactive website that lets you visualize different metrics over time.
It’s a long report, so here are the main takeaways to know:
Blockchains have more active users, and more ways to engage. Last month they saw 15 million sending addresses, more than twice as many as two years ago when prices were still elevated.
The number of active developers in the crypto industry has held steady. Prices can be misleading, particularly without looking under the hood of web3 technology at its dynamic – and growing – ecosystem of builders.
Blockchains are scaling through promising new paths. Last year L2s accounted for 1.5% of the fees paid on Ethereum. That share has since more than quadrupled to 7% of the total fees paid on Ethereum – indicating that more applications are choosing to build on L2s. They expect this trend to continue, and benefit end users.
Xclaim / $7M — Xclaim, a platform that allows users to trade bankruptcy claims, recently closed a Series A funding round worth $7 million. — CoinDesk
Fingerlabs / $5M — Fingerlabs, a blockchain specialized laboratory, secured investment from 'Wemade Play' and venture capital (VC) in December 2019, successfully completing their Series A funding round. — PR Newswire
Fire / $3.50M — Fire, a browser extension that helps to simulate web3 transactions, has secured $3.5 million in funding. The funding was led by Atomic and will be used to help make user transactions more secure and simpler. — Lucky Trader
Mayhem Studios / $20M — Mayhem Studios, a game development unit of Indian P2E game company Mobile Premier League (MPL), has secured $20 million in funding from a group of investors including Sequoia, Steadview, Truecaller, and others. — The Economic Times
SinVerse Studios / Undisclosed — SinVerse Studios, a web-3 game studio, has recently secured a large investment deal totaling seven digits, led by DWF Labs. — Yahoo Finance
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CoinMarketCal
"The leading calendar for cryptoassets"
Type of Product: Crypto Calendar
Purpose of Tool: CoinMarketCal is an calendar that provides cryptocurrency traders with up-to-date news and information about events that can impact their trading decisions. Here are some of its key features:
Trusted Data: The database is frequently updated to ensure that the information provided is comprehensive and trustworthy.
Robust and Fast: The platform is based on Amazon Web Services, which allows for fast response times and a 99% uptime rate. This makes it a reliable source for traders who need access to real-time data to make informed decisions.
All-in-One: CoinMarketCal is an easy-to-use database that features more than 6500 coins and 20000 events. Users can track their entire portfolio in one place, create push notifications to stay updated on the latest news, and even add events directly within the app.
Backtesting: The platform also allows users to backtest their trading and investing strategies to see how they would have performed in the past.
Customizable: Users can customize the platform to suit their needs, whether they are casual traders or seasoned investors.
Team / Funding / Backers / Other Info: On March 27th, 2023, CoinMarketCal released a new feature - NFTMarketCal, a comprehensive platform that enables users to stay up-to-date on upcoming events related to NFT collections.
A few days ago on April 11th, 2023, CoinMarketCal distributed their 228th edition of their weekly newsletter to a large audience of 90,000 readers. This newsletter is available for free to anyone who would like to sign up.
Link to product | Link to TFC listing
NFD.gg
“Your crypto space in one place"
Type of Product: Alpha / Analytics
Purpose of Tool: NFD.gg is an all-in-one platform that helps you understand crypto and earn money. It offers filtered and sorted information that is monitored for changes and updates by its team round the clock. Here are some of the features that NFD.gg provides:
Activities: NFD.gg allows you to participate only in the selected activities that will help you quickly understand crypto and earn money. These activities are synched with your 'Calendar', 'Tasker', and 'Auto-updates feed'.
Calendar: This is a full-feature Web3 calendar, based on everything that happens in NFD.gg. It automatically synchronizes the dates and deadlines of the activities you are participating in.
NFD Aggregator: With this feature, you can track all updates for the crypto projects you follow. Create a project card that you can use to set up parsing of any data from Discord channels and Twitter accounts to Dune analytics, any graphs, as well as any information from OpenSea and Magic Eden.
NFD Alpha Search Tool: This tool helps you see what accounts are followed by those who you follow on Twitter, and find their mutually followed accounts.
Twitter Scanner: This is a tool containing the top 3,000 token twitters from Coingecko. You can add any keywords and every 5 minutes NFD will check the 3000 Twitter database for keyword matches.
Link to product | Link to TFC listing
Soton
“Elevate Web3 on Telegram for DAOs and NFT projects"
Type of Product: Social
Purpose of Tool: Soton is a Telegram bot designed to enhance the Web3 functionality of Sonet's open-source middleware. It aims to provide a seamless user experience on-chain through TON and revolutionize the way Web3 projects can build and grow on Telegram. Soton will enable and optimize project-level use-cases such as project management, marketing, and community engagement.
Here are some of the features of Soton:
DAO creation: The Soton Telegram bot will allow users to create a DAO (Decentralized Autonomous Organization) where members can participate in governance and decision-making processes.
NFT-gated marketing surveys: With Soton, users can use NFTs (Non-Fungible Tokens) as a gatekeeper to conduct marketing surveys. This ensures that only genuine participants take part in the surveys, making the results more reliable.
NFT creation and minting: Soton will allow users to create and mint their own NFTs on-chain. This can be used for various purposes such as fundraising, reward programs, or even as collectibles.
Team / Funding / Backers Info / Transaction Amount: Sonet is an innovative open-source middleware that expands Web3 infrastructure and services to Web2 social networks. In addition to Soton, Sonet's product suite includes Soda, a social NFT and DAO extension on Web2 social networks that is constructed on Polygon.
Sonet has accomplished significant milestones, which include onboarding 368 DAOs and NFT projects, generating 1,638 surveys and proposals, and engaging 38,955 active members.
Link to product | Link to TFC listing
LayerZero
"An omnichain interoperability protocol.”
Type of Product: Interoperability Tooling
Purpose of Tool: LayerZero is an innovative omnichain interoperability protocol that provides lightweight message passing across chains. It is designed to offer authentic and guaranteed message delivery while maintaining configurable trustlessness.
Cross-chain application development: Developers can use LayerZero to build complex cross-chain applications without sacrificing trustlessness or requiring intermediate chains/smart contracts.
LayerZero endpoints: Messages in LayerZero are sent and received by LayerZero Endpoints. These endpoints are responsible for handling message transmission, verification, and receipt. This design ensures that messages are delivered accurately and securely.
Native transactions between supported chains: The LayerZero protocol enables native transactions between supported chains. This means that users can send and receive transactions without the need for intermediary tokens or complex smart contracts.
Support for any chain: The LayerZero Endpoint design can be easily extended to support any chain. This means that developers can add support for new chains as needed, without having to modify the underlying protocol.
Team / Funding / Backers / Other Info: On April 6, 2023, LayerZero Labs, a Vancouver, Canada-based organization, secured $120 million in Series B funding, valuing their messaging protocol, LayerZero, at $3 billion. The latest round of funding was backed by 33 investors, including a16z crypto, BOND, Christie’s, and Circle Ventures, and more.
Link to product | Link to TFC listing
Lighthouse | Metaverse | Link to product
Courtyard | NFT Tools | Link to product
Aztec | Privacy | Link to product
Web3nomads | Jobs | Link to product
Revel | Social | 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!