⚡ TFC Newsletter: 11/22/2022
Polygon x Magic Eden Partnership, New Crypto Cold Wallet, NFT Community Tools, Crypto Aggregator, On-Chain Analytics, and more!
💡 Intro
🤝 Major Polygon x Magic Eden Partnership
Polygon has been teasing a big announcement for a week now, and it finally came out today: a big partnership between Polygon and Magic Eden (top NFT marketplace, over $1B in valuation.)
In the announcement details: Polygon emphasized the focus is on supporting Web3 games & global brands in Web3.
Why This Matters:
Previously: Magic Eden was focused & known for NFT trading. This move brings more attention onto blockchain gaming and could indicate the shift in focus of big players from NFT trading over to web3 gaming.
Magic Eden has a strong go-to-market approach and strategy division. This partnership can make some of the recent big announcements of Polygon (the Starbucks, Nike, gaming ones etc) have a better chance of being successful at launch. That would give momentum to Web3 across the board.
🛡️ CoinMarketCap adds feature to show stability of Exchanges
Never a good sign when Crypto sites are adding features to show if your favorite Crypto Exchange is becoming insolvent, but here we are. 😅
Today: CoinMarketCap added a Proof of Reserves feature thats lists the assets an exchange is proven to have.
💸 Fundraising Today
🎉 Tropee and Carv were both tools we features in the past 2 months, its exciting to see both announce raises on the same day. Congrats to the teams!
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🔥 New Products on TFC today!
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.
Chainabuse
"Together, let's make web3 safer for all."
Type of Product: Crypto Safety
Purpose of Tool: Chainabuse is a multi-chain community on a mission to enable a safer web3 space and build the most prominent trust network in crypto around the globe. Users can report a cryptocurrency hack or scam across multiple blockchains and search addresses and domains to see if they are connected to any fraudulent activity.
There are three ways you can contribute to the Chainabuse community:
report scams, hacks, and exploits to make the crypto verse aware
identify the most valuable reports and upvote them, allowing you to build your reputation
Chainabuse recently mapped out everything about the FTX attack and continuously updates the report with all relevant addresses.
Team / Funding / Backers / Other Info: Last May 2022, Binance.US, Circle, Solana Foundation, The Aave Companies, Hedera, TRM Labs and Civic, joined hands to launch a community-driven scam reporting tool which is Chainabuse.
Chainabuse is funded by a collective of web3 communities, businesses, protocols, and foundations who are committed to promoting safe, secure transactions on blockchains as well as TRM Labs, a blockchain intelligence company that builds data intelligence risk and compliance solutions to detect crypto fraud and financial crime in digital assets.
Link to product | Link to TFC listing
Daylight
“Never miss a mint, airdrop, or token gate."
Type of Product: NFT Tool
Purpose of Tool: Daylight allows you to discover your wallet address’s abilities: mint derivatives, claim airdrops, unlock chats, vote on proposals, claim POAPs, unlock events, and more.
Boost engagement and retention in two different ways:
Wallets and marketplaces - Use Daylight to tell your users when they qualify for an airdrop, mint, or unlock, boosting in-app transactions and retention.
Community tools - Distribute your token-gated or allowlisted mints, airdrops, and unlocks to qualified users in the wallet apps they use daily.
Team / Funding / Backers Info / Transaction Amount: A few weeks ago, on November 14th, Daylight announced that it is out of closed beta, in which their web app is now free and available to anyone with an Ethereum address. They also recorded 10,000 Dawn Pass holders, their NFT, which grants users access to Daylight.
Link to product | Link to TFC listing
NGRAVE ZERO
“Start Truly Owning What Is Yours."
Type of Product: Crypto Hardware Wallet
Purpose of Tool: The NGRAVE ZERO is a crypto hardware wallet with the highest security-certified OS in the world (EAL7). It is 100% offline, physically tamper-proofed and user-friendly high-quality touch screen cryptocurrency hardware wallet.
Binance Labs invested in NGRAVE just yesterday, giving credibility to their cold storage solution.
The touch screen on their cold wallet looks awesome (and sets them apart from Leger & Trezor), so if thats important to you as a feature, consider checking them out.
Here are some of NGRAVE’s defining features:
The device supports traditional mnemonic phrases, such as the 24-word recovery phrase commonly used by existing hardware wallets.
“NGRAVE Perfect Key” is a 64-character hexadecimal equivalent of the 256-bit master seed, which allows for a more secure backup and a novel recovery method in case of losing both the hardware device and the backup.
100% offline means that the device has no network capabilities i.e. no Bluetooth, WiFi, 4G, NFC or other, nor is a USB connection required to generate the private key (or master seed) or to sign transactions.
The device relies on one-way QR codes to securely communicate with the NGRAVE mobile app.
Team / Funding / Backers Info / Transaction Amount: NGRAVE is a blockchain security company that has developed a complete end-to-end solution to protect your private key(s). On January 2022, NGRAVE completed a seed round fundraising to the tune of $6 million.
Link to product | Link to TFC listing
OpenOcean
"Best swap returns for decentralized crypto trading"
Type of Product: DEX Aggregator
Purpose of Tool: OpenOcean is the leading DEX aggregator, integrating the most liquidity sources across a wide range of blockchains into one seamless trading interface to bring users a one-stop trading solution. Their DEX aggregator aggregates the most DEXes and blockchains, empowering our users to swap at the best rate with the lowest cost.
When trading tokens on different chains: there will be specific exchanges that have the best price (due to liquidity and slippage.)
This is where crypto aggregators (like OpenOcean) come in and are useful for trading on: they show which dex has the best price for the token pair you’re trying to trade.
18+ blockchains integrated, providing the most flexible and efficient swap solution.
Supported EVM chains include Layer 1: Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Aurora, Harmony, Gnosis (formerly xDai), Heco, OKC; and for Layer 2: Arbitrum, Optimism, and Boba.
Non-EVM chains include Solana, Terra Classic (currently deactivated), Ontology, and TRON.
Team / Funding / Backers / Other Info: OpenOcean has more than 68,000 active addresses with $550 million trading volumes trading on it’s aggregated DEX ecosystem on Ethereum, Binance Smart Chain, Ontology and TRON. This includes 18 supported blockchains, 1.8M+ Total trades, 725k+ total active users, and 200+ aggregated sources.
Link to product | Link to TFC listing
🥳 Most Popular products on TFC yesterday (by page views)
Mango | Portfolio | Link to product
Matcha | DeFi | Link to product
FlickyGang | AR NFTs | Link to product
Mintify | NFT Tool | Link to product
BlockBlend | DEX | Link to product
👷Open Web3 Jobs
Art Blocks | Senior Project Manager | Link to position
Elixxir | Frontend React Developer | Link to position
Nansen | People Associate | Link to position
Yellow | Middle/Senior Golang Developer (with Solidity experience) | Link to position
Coin Metrics | Protocol Specialist | Link to position
MetaMask | Cryptography Specialist Engineer (Snaps) | Link to position
RECUR | Product Operations Specialist | Link to position
OpenSea | On-Chain Data Analyst | Link to position
Mirror | Design Lead | Link to position
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Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!