⚡ TFC Newsletter: 11/30/2022
⚡ TFC Newsletter: 11/30/2022
Uniswap adds NFT support + Airdrop, New NFT Lending Protocol, DAO Discovery, Web3 Authentication, Fiat Onboarding Tool, and more!
💡 Intro
Big news today in Web3, but first an update from the team!
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🦄 Uniswap launches NFT trading + Uniswap Airdrop
This morning, Uniswap announced two major updates:
They’ve added NFT trading support directly to Uniswap
They’re airdropping $5M USDC and splitting it between past users of Genie (if you’ve used Genie before: check if you’re eligible!)
Uniswap acquired Genie (the first big NFT aggregator in the market) back in June 2022.
Why This Matters
Competition for NFT trading volume continues to heat up.
Uniswap is valued at $1.6B and the space is getting super competitive, with many well funded players now battling it out (OpenSea, Magic Eden, Blur, Uniswap now, etc)
🤖 Telegram is building a wallet + DEX
Speaking of competition: the wallet space isn’t getting any easier either!
Today: Telegram (messaging app with over 700 million monthly users) announced they’re building a wallet and a decentralized exchange.
💸 Fundraising Today
🥳 Congrats to Daylight (featured on 11/22 here) on their seed round!
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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.
ParaSpace
"The First Cross-Margin NFT Lending Protocol."
Type of Product: Lending
Purpose of Tool: ParaSpace is a decentralized lending protocol that allows users to borrow and lend against both Non-Fungible and Fungible tokens. With ParaSpace, users can tap into otherwise-unused capital while they invest in other opportunities, earning money as they increase their wealth by earning yields.
ParaSpace is a VC backed NFT lending protocol that’s getting a lot of attention lately.
They’re about to launch their Testnet and people are speculating an airdrop could happen.
Regardless of the airdrop: they have some unique functionality (specifically the cross-margin part) and are worth keeping an eye on.
Insurance Reserve for the protocol: a pool that helps cover lenders in the event that the protocol suffers losses on liquidations or is compromised.
Tokenized NFT and escrow: NFTs supplied into escrow contracts that only allow for transfers in stipulated conditions. Users are further unable to transfer nTokens except in the case of loan repayment, which helps secure users' NFTs.
Flash claim and airdrop coverage: Holders can claim any airdrops while their assets are supplied in the protocol through the flash claim feature.
Third-Party audited smart contracts: Para Space has completed a smart contract audit with Veridise and is undergoing additional audits with other top auditors.
Team / Funding / Backers / Other Info: Investors of Paraspace: Sequoia, Coinbase Ventures, Polychain Capital, Alameda Research and others.
Executive Team:
Yubo Ruan - Captain
Cheng Jiang - Blockchain Lead
Walid Al Habboul - Solidity Lead
Link to product | Link to TFC listing
XanPool
“Crypto Onboarding, Anywhere, Seamlessly"
Type of Product: Crypto Payments Tool
Purpose of Tool: XanPool simplifies the process of converting fiat currency on cryptocurrency exchanges by carrying out chargeback protection and providing local payment methods. With quick integration to your platform, it provides an easy way to link a business with a reliable, international gateway solution.
Instant On and Offboarding | smooth and automated KYC process, giving you assurance that your platform does not service sanctioned entities or personnel.
Buy & Sell Crypto Instantly | helps your customers buy and sell cryptocurrencies instantly, without custody risk to them or your platform
Localized Payment Methods | Let your customers use local payment methods to send or receive money. Instead of using expensive credit cards or wire transfers.
Simple Integration | Integrate any of our software solutions on your website or app by inserting a few lines of code.
Team / Funding / Backers Info / Transaction Amount: XanPool was founded in 2019, with its rapid growth during the high-pandemic levels of cross-border commerce in Asia. It has raised $41 million from investors led by London-based Target Global. - expects its user base to reach 10 million by the end of this year. Jeffery Liu, the CEO, and founder of Xanpool, is also included in Forbes 30 UNDER 30 for 2022.
Link to product | Link to TFC listing
DeepDAO
“Discovery Engine for DAO Ecosystem."
Type of Product: DAO Analytics
Purpose of Tool: DeepDAO provides a rich view and detailed analysis of token, treasury, governance and membership data for over 2,000 DAOs across multiple blockchains and governance platforms. They also offer multiple blockchain services in which you can connect with the DAOs and their members.
Explore DAO Data | Deep dive into the core of each DAO on the ecosystem. Be informed on every activity made in thousands of DAOs and the people in them.
Governance Identity: Discover DAO people | Discover addresses as DAO identities, the DAOs each person is active in, their proposals, votes, decision-making process, tokens, and coalitions.
Ecosystem tools researched by DeepDAO | DeepDAO lists the top tools for creating and managing DAOs, from learning to building to rewarding contributors.
Team / Funding / Backers Info / Transaction Amount: Last year on June 2021, DeepDAO raised $3m closing a seed investment round primarily led by Hypersphere and DFG. The pre-seed round was led by LD Capital, YBB Foundation who is an early and significant supporter of DeepDAO. There are over 4000 DAOs, and 1.5 million people aggregated and analyzed on DeepDAO’s discovery engine, which is continuously updated daily.
Link to product | Link to TFC listing
Dock Certs
"Web3 auth that puts user privacy first."
Type of Product: Authentication Tool
Purpose of Tool: Dock Certs makes it easy to issue verifiable credentials to your users. Their suite of tools is built with the organization in mind, making it the perfect solution for issuing digital credentials and certificates. They are also readily auditable and automatically verified, so you don't have to worry about credentials that were given out fraudulently.
Web3ID | a blockchain-based authentication system that helps verify private personal data. You always have the user's consent safeguarded by cryptography. With the user's consent and secured by cryptography, you'll be able to grant your prospects passwordless login privileges, avoid them being tracked, and stop data collections. Plus, it's open-source and free.
Certs | Certs intuitive no-code dashboard lets you customize and issue certificates in a few clicks. The Certs API Enables developers to easily and instantly issue, verify, manage, and revoke Verifiable Credentials and Decentralized Identities on the Dock Blockchain.
Wallet SDK | Build a Verifiable Credentials wallet inside your app, and allow your users to receive, store and manage their credentials and DOCK tokens.
Team / Funding / Backers / Other Info: In 2017, Dock was established to solve the problems inherent in existing data solutions. They are a Verifiable Credentials company that provides Dock Certs, a user-friendly, no-code platform, a developer solution that enable organizations to issue, manage and verify fraud-proof credentials efficiently, securely, and at a lower cost.
Link to product | Link to TFC listing
🥳 Most Popular products on TFC yesterday (by page views)
MBM | Social | Link to product
Fitbeat.io | Web3 Health | Link to product
DEFIYIELD.App | DeFi Dashboard | Link to product
Objective Moon NFT Tracker | NFT Tool | Link to product
Solido Games | Web3 Gaming | 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!