⚡ TFC Newsletter: 05/10/2023
Nike, Amazon Launching On May 15th, MEV Blocker Explained, 1st Worldcoin App, MPC Wallets, and more!
💡 Intro
Get ready for next week! There’s 2 major launches you should know:
Nike’s 1st .SWOOSH NFT drop is scheduled for the 15th. This will be a major test for the .SWOOSH platform, as it’s the 1st NFT drop Nike has done through it.
.SWOOSH has major potential to onboard many new users into Web3, and we’re excited to see how the rollout goes.
If you’re not already a member, be sure to signup through the platform itself. They typically let people in every 2-3 weeks (its currently closed access).
Amazon NFT Marketplace rumored to launch May 15th: Amazon’s upcoming NFT marketplace has been delayed 3 times now, with the latest rumor that it’s coming next week on the 15th as well. More details from Blockworks below:
It could be a game changer for Web3 as well as a big opportunity for traders/investors. As always: we’ll keep you up to date as new info rolls out!
MEV Blocker is a tool we covered when it first launched, that stops traders’ transaction on the ETH network from being front run by bots.
MEV Blocker was launched in partnership with big names in DeFi like Gnosis Dao, CoW Protocol, Safe, 1Inch, and more. And it now cover ~3k TXTs a day while growing WoW.
MEV Bots have been rampant during this latest memecoin phase and have been stealing liquidity from traders.
RPC tools like MEV Blocker save traders money by running transactions through non public networks or direct to miners, where bots cannot front run the trades.
👉 Takeaway: If you’re a trader on ETH and are tired of losing money to bots, consider an RPC tool like MEV Blocker, Flashbots, or BloXroute!
Triple Lab / Seed Funding— Triple Lab, a web3 infrastructure platform, received seed funding from StepVC and CBI Holding, although the investment amount and valuation remain undisclosed. — FinSMEs
Nomiks / $1.09M — Nomiks, a Token Economics and Risk Management Lab, secured €1 million in pre-seed funding from Outlier Venture, Cygny Capital, and angel investors. — Nomiks
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Canton Network
"The first privacy-enabled open blockchain network designed for institutional assets"
Type of Product: Blockchain
Purpose of Tool: Canton Network is a privacy-enabled decentralized infrastructure that connects independent applications built with Daml, Digital Asset's smart-contract language. It allows previously siloed systems in financial markets to interoperate with the appropriate governance, privacy, permissioning and controls required for highly-regulated industries.
Canton Network is the chain we mentioned yesterday, which big institutions like Goldman Sachs, Deloitte, Moody Analytics, and more are adopting.
Interoperability: The network enables previously siloed systems in finance to be interoperable and synchronized in previously impossible ways.
Privacy and Control: The Canton Network uniquely balances the decentralization of a network with privacy and control essential to operating within a safe and sound regulatory environment. It offers data protection or control at any layer of its network, allowing participants to safeguard permissions, exposure, and interactions across the network while complying with security, regulatory and legal requirements.
Efficiency: The Canton Network provides a reconciliation-free environment where assets, data, and cash can synchronize freely across applications. This creates opportunities for financial institutions to offer new innovative products to their clients while enhancing their efficiency and risk management.
Scalability: Unlike other blockchain networks that struggle to achieve scalability due to inherent capacity limitations caused by how public blockchains operate, the Canton Network removes this obstacle by providing global network resources that enable it to scale effectively.
Team / Funding / Backers / Other Info: Yesterday on May 9, 2023, Digital Asset and major players in the market such as BNP Paribas, Deutsche Börse Group, EquiLend, Goldman Sachs, and more to mention announced their plans to launch Canton Network. The network already has several firms utilizing it including Capgemini, Deloitte, IntellectEU, Microsoft, and Umbrage.
Blocktorch
“The Web3 observability platform"
Type of Product: Web3 Dev Analytics
Purpose of Tool: Blocktorch is an end-to-end observability platform designed specifically for web3 applications. It offers a comprehensive solution for monitoring, troubleshooting, and optimizing decentralized systems, making it easier for engineering teams to maintain high-quality dApps.
With Blocktorch, you can monitor your smart contracts in real-time and keep track of every function call made by the users.
The platform provides an alert system that notifies you when any issue arises so that you can take proactive measures to fix it before it becomes a problem.
SLOs (Service Level Objectives) to measure and maintain performance standards: You can set service level objectives to measure the performance of your dApp and ensure they are meeting your expectations.
Blocktorch provides log analysis tools that allow you to search through logs quickly and efficiently when troubleshooting issues.
The platform offers customizable dashboards with various visualization options that help make data-driven decisions.
With Blocktorch, developers can quickly identify and resolve issues, minimize downtime, focus on core development tasks instead of custom monitoring solutions. Additionally, querying logs, traces & metrics is effortless as all components are available in one place without needing any code.
Team / Funding / Backers / Other Info: Just today: Blocktorch, led by CEO Gery Pollak, recently secured $4.2 million in seed funding. The round was primarily led by Ideo CoLab Ventures and joined by other investors such as Speedinvest, RockawayX, Alchemy Ventures, Remote First Ventures, Entrepreneur First, Bryce Ferguson (Sequoia’s scout program), Charlie Songhurst, Max Stoeckl, Felix Wolf, Andreas Klinger, Simon Jones, and Henry Chen.
Learn more about the campaign here: Link
World App
“The simple wallet with identity and finance for all."
Type of Product: Wallet
Purpose of Tool: World App is the world's first wallet designed specifically for the Worldcoin ecosystem. It provides users with a friendly, easy-to-use interface and supports private digital identity and a new financial system.
The first Worldcoin app just launched this past week and is worth checking out.
Worldcoin is of course much hyped, as it’s a project from Sam Altman (Open AI’s CEO).
Here are some of its key features:
Designed for everyone: Unlike other crypto wallets that support every token and functionality available, World App focuses on a handful of key functionalities of Worldcoin and Ethereum to keep things simple and familiar.
Prove your personhood with World ID: Using World ID, you can verify your human passport to access new online services privately. You can sign in to websites, mobile apps, and crypto dapps seamlessly without sharing any personal data like names or email addresses.
Claim Worldcoin grants: If you're living in an eligible country, you can use World App to claim your monthly Worldcoin Grants. The app will remind you when new grants become available.
Other features include saving and sending digital money using multiple options such as bank accounts or local payment methods. You can also send digital money instantly to friends or family members worldwide using their phone contact or crypto address.
Team / Funding / Backers / Other Info: Worldcoin is a decentralized protocol that enjoys that is backed by a diverse group of economists, developers, and technologists who are committed to democratizing access to the global economy. The Worldcoin Foundation oversees the development of this open-source project and supports its community until it attains self-sufficiency.
Tools for Humanity aided in launching Worldcoin and presently acts as advisors to the foundation while also operating the World App. Although currently in beta, Worldcoin has plans to release by first half of 2023.
Argent Wallet
"The best of Ethereum. A fraction of the cost.”
Type of Product: Wallet
Purpose of Tool: Argent Wallet is a cryptocurrency wallet that provides a secure platform for users to store, manage and exchange digital assets. Here are some of the features that make Argent Wallet stand out:
Wallet offers an innovative security model that protects user assets even if their phone is lost or stolen. This includes biometric authentication, social recovery, and on-chain smart contract wallets.
Users can buy, sell and exchange popular cryptocurrencies such as Ethereum, Bitcoin, and Dai directly within the app. It also supports several ERC-20 tokens.
The wallet is secured by a multi-factor authentication process involving biometric verification and a recovery phrase. The biometric verification involves scanning the face or fingerprint to access the wallet while the recovery phrase is used to recover the wallet in case of loss or theft.
Argent allows users to interact with smart contracts on the Ethereum network directly from within the app. Users can participate in DeFi applications like lending and borrowing platforms without leaving their wallet.
Argent manages gas fees on behalf of its users ensuring quick processing of transactions while offering three different gas fee options based on how quickly they want their transaction processed.
Team / Funding / Backers / Other Info: On May 2, 2023, Argent launched the Starknet Xplorer campaign which will feature eight NFT drops over the next eight weeks. To participate in this campaign, users must have an Argent X wallet. On May 9 at 23:59 UTC, Argent took a snapshot of all eligible users who can claim and mint the first NFT in the series.
HowRare.is | NFT Tool | Link to product
Invisible College | Education | Link to product
Freckle Triva | Metaverse game | Link to product
Anmol Network | Dev Tool | Link to product
DeBank | Portfolio | Link to product
Sygma | Technical Product Lead | Link to position
O(1) Labs | Senior Technical Product Manager - Mina Protocol | Link to position
Talisman | UI/UX Product Designer | Link to position
WalletConnect | Full-Stack Data Engineer | Link to position
Nethermind | Internship Program | Link to position
Bluesky | Web Developer | Link to position
Glassnode | CRM Manager | Link to position
MetaMask | Product Designer - Portfolio, Assets, and NFTs | Link to position
Obol Labs | Technical Customer Success Manager | Link to position
Status | Activist Copywriter | Link to position
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Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!