⚡ TFC Newsletter: 06/20/2023

Discover the latest and greatest Crypto & Web3 products

Jun 20, 2023

Big news today around trading, as new crypto exchange EDX Markets was launched.

It’s backed by major financial institutions including: Fidelity Investments, Charles Schwab, Citadel Securities and more.

The timing of it’s launch, right after increased SEC attacks, is of course suspect as many people are noting:

👉 Important Details To Note:

It’s a non-custodial exchange that’s mainly meant for institutional trading
It only supports 4 tokens: BTC, ETH, LTC, and Bitcoin Cash
It supports none of the tokens the SEC just named securities, ie: SOL, ADA, MATIC, etc

Full Press Release

Today: Nike launched Airphoria, their collab with Fortnite (major online game with 240M+ players).

This is a direct partnership between .SWOOSH (Nike’s Web3 platform) and Fortnite.

👉 Important Details To Note:

Every Fortnite gamer who spends at least 10 minutes on the Air-Max themed virtual island will be rewarded with the 'Air Max 1 '86 Back Bling' digital sneaker.
- “Your Account Linking Achievement on .SWOOSH will give you first access to the future .SWOOSH Air Max Virtual Collection.”: This is important and will serve as a future whitelist. If you have a Fortnite account, definitely do this!
Link your account and purchase the Airphoria Pack in Fortnite to be eligible for the Airphoria Achievement on .SWOOSH. Claim by August 8, 2023.
- This is a SBT, meaning it’s not transferable and not resellable.

Full Details From Epic Games

TapiocaDAO / $6M — TapiocaDAO, a full-chain money market protocol, has raised $6 million in a successful seed funding round. Notable investors include Fisher8 Capital, LayerZero Labs, Parc Capital, Jones DAO, Dewhales Capital, Magnus Capital, and Capybara Capital. — Tweet
Concordia / $4M — Concordia, a modular risk and collateral management protocol, has secured $4 million in a seed funding round co-led by Tribe Capital and Kraken Ventures. — CoinDesk
Poko / $4.5M — Poko, a Web3 payments startup, has raised $4.5 million in a seed funding round with participation from investors including Y Combinator, NAZCA, Global Founders Capital, Goodwater Capital, and Soma Capital, among others. — TechNode Global
Bit2Me / $15M— Bit2Me, a cryptocurrency exchange platform, has raised $15 million in a funding round led by Investcorp. Other notable investors include Telefónica Ventures, Stratminds VC, Cardano, and Yield Guild Games. — Yahoo Finance
Sparkle / Undisclosed — Sparkle, a web3 astrology app incorporating Game-Fi and Social-Fi features, has secured a pre-seed investment from Folius Ventures. — Tweet
Galaxy Finance / $30M — Leading Web3 wallet platform, Galaxy Finance, raised $30 million in a Series B funding round led by BlackPine, QCP Capital, and Tally Capital. — TechBullion
Portal Gate / $1.1M — Zero-knowledge compliant wallet, Portal Gate, secured $1.1 million in Seed funding led by Apollo Crypto. Additional investors included Upside DAO, Greythorn Asset Management, Comma3 Ventures, Gandel Invest, Rebase D. Ventures, and others. — FinSmes
Cat Paradise / $1M — Cat Paradise, a P2P blockchain game on the TON network, raised nearly $1 million in a seed funding round at a valuation of $15 million. Investors include Mask Network and Moon Capital. — InvestingCube
Vantient / $3.45M — Web3 CRM solution company, Vantient, secured $3.45 million in fresh funding from Cercano Management (formerly Vulcan Capital), Saison Capital, and AC Ventures. — DealStreetAsia

👉 Brought to You by Cryptosteel: the premier backup tool for your cryptographic private key or seedphrase.

The Cryptosteel Capsule is a pocket-sized stainless steel device designed to securely store keys or seedphrases (its a physical set of steel letters)

ChainJet

"Build web3 automation easily"

Type of Product: No-code Web3 Tool

Purpose of Tool: ChainJet is a no-code tool that makes web3 automation easy and accessible for anyone. It enables users to create task automations through workflows, which consist of triggers and actions that are automatically executed when the conditions are met.

ChainJet integrations provide access to the most important features of web2 or web3 services, allowing users to build complex task automations tailored to their needs without coding. Additionally, ChainJet is open-source, meaning its source code can be viewed and modified by users.

Triggers & Actions: ChainJet allows users to create workflows consisting of triggers and actions that are automatically executed when certain conditions are met.
Integrations: Users have access to +100 integrations with curated sets of the most important features from web2 or web3 services which they can use in their task automations.
Open Source: The source code for ChainJet is publicly available so users can view, modify and self-host it on their own servers.

New Update: Recursive Inscriptions: The platform has garnered a growing community and forged partnerships with Lens Protocol, XMTP, and POAP.

Link to product | Link to TFC listing

Phalcon Explorer

“Security Suite for Developers and DeFi Projects"

Type of Product: DeFi Analytics

Purpose of Tool: Phalcon Explorer is a transaction explorer designed for the DeFi community that provides comprehensive data on invocation flow, source code, balance changes, and transaction fund flows. It allows users to visualize function invocation flows with trace-level information and event logs to help them analyze and understand transactions conveniently.

Online simulation: Users can simulate transactions at any block with arbitrary inputs without relying on a local environment. This feature facilitates users in debugging and analyzing transactions.
Ultimate Usability: Phalcon provides tons of features that improve user experience, including quick address tagging, call type and depth filtering, and template-based transaction simulation.
On-Demand Customization: Users can customize the mapping of function selectors and address labels as per their requirements. Additionally, Phalcon supports both dark mode and light mode for switching according to a user's preference.
Balance Change: The explorer shows the balance change of all participating addresses that allow users to get a comprehensive overview of profits and losses.
Reliable Results: Phalcon can handle complicated transactions and provide reliable results.
High Performance: The explorer can finish the query and simulation of a transaction within milliseconds.

Team / Funding / Backers / Other Info: BlockSec is the creator of Phalcon Explorer and is composed of top-notch security researchers and experienced experts from academia and industry.

On July 11, 2022, BlockSec announced the closure of an $8 million Seed Plus funding round. The funding was co-led by Vitalbridge Capital and Matrix Partners, with participation from investors Mirana Ventures, CoinSummer, and YM Capital.

Link to product | Link to TFC listing

Bungee

“Bridge your assets through the best route!"

Type of Product: Bridge Aggregator

Purpose of Tool: Bungee is a Socket-powered bridge aggregator that enables users to find the best route for bridging Token X on Chain A to Token Y on Chain B. It supports multiple bridging routes via DEXes and bridges, taking into account any swaps needed before or after bridging.

Bungee's Bridge Protection guarantees that users will receive their funds within 30 minutes, regardless of any delays or hacks.

Guaranteed bridging times: With Bridge Protection enabled, users are assured that they will receive their funds within 30 minutes, even if the underlying bridge experiences delays.
Zero bridging losses: Users will always receive their funds, even in the event of an underlying bridge hack.
No intermediate assets: Unlike other platforms, Bungee ensures that users will never receive intermediary tokens like anyTokens or hTokens.

Currently, Bridge Protection on Bungee supports Multichain and Hop Routes for USDC to USDC transfers across Arbitrum, Polygon and Optimism chains. However, more chains are expected to be added soon.

If a user does not receive their funds after 30 minutes despite having enabled Bridge Protection, There are no forms or middlemen involved; users will instantly receive the bridged amount at exactly 30 minutes.

Team / Funding / Backers / Other Info: The creator of Bungee Exchange, Socket , has been in the multichain ecosystem for over a year and has achieved numerous milestones. They have raised their seed round of $4.6M from 2022 and securely transferred more than $1.5 billion worth of value across 9+ chains while executing over 1.4 million cross-chain transactions successfully.

Socket has also grown a community of 70+ protocols who have chosen to go multichain with them and have fostered a social media following of over 100,000 members.

Link to product | Link to TFC listing

4K Protocol

“All the World’s Assets, On-Chain"

Type of Product: RWA loans

Purpose of Tool: 4K Protocol is a decentralized platform that allows individuals to bring physical assets onto the blockchain in the form of non-fungible tokens (NFTs). These NFTs act as digital certificates that represent real-world physical assets, which can be semi-fungible or non-fungible.

Seamless Onboarding: With on-chain representation of physical assets, owners can easily bring their idle assets on-chain without facing any hassles.
Low-Cost Transactions: The platform enables trading and transfer of physical assets at a fraction of the cost and friction associated with traditional transactions.
DeFi Integration: Owners of 4K NFTs can leverage their dormant assets in Decentralized Finance (DeFi) by using them as collateral for loans, fractionalization, or even as a basis for stablecoins.
Innovative Tools: The protocol offers innovative tools like on-chain subscription payments, Mint Drop, redemption API, and collections creator. This provides users with an engaging experience while also increasing community engagement.

Team / Funding / Backers / Other Info: On June 14, 2023, a borrower had taken out a $14,500 loan on two Rolexes stored at 4K Protocol. The loan was obtained from a stranger via an on-chain transaction and carried a 12% APR.

To secure the loan, the Rolexes were sent to an escrow company, which then issued NFTs representing ownership of the watches to the borrower. By using these NFTs as collateral, the borrower could access global liquidity without resorting to predatory loans from local pawn shops.

https://twitter.com/Arcade_xyz/status/1669061228214341634

Link to product | Link to TFC listing