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Welcome to The Girls Table's first ever Newsletter! This weekly newsletter will share key insights into web3, venture capital, crypto, & the community. Join our Telegram to hear about upcoming events, job opportunities, and connect with likeminded individuals!
GM, Here is a breakdown of today's newsletter:
🥳 Events & Community
🚨 TLDR - This Week in Crypto
🪙 Crypto News and Current Events
💸 NFT Alpha
📈 Start-Up Investment Opportunities
🥳 Events & Community:
The Girl's Table Art Basel Brunch:We had the opportunity to connect with so many of you at Art Basel hosting The Girls Table's largest Brunch yet with over 100 attendees! Stay tuned for more information about upcoming events.
Inaugural Crypties Award Winners:Crypto's leading projects and individuals gathered for the inaugural Crypties Awards at Art Basel Miami. Check out the winners and the highlights:
Game of the Year: Crypto Unicorns
Social Impact Award: Celo
DeFi Project of the Year: Lens Protocol
Metaverse Event of the Year: People of Crypto: Metaverse Pride Parade
Mainstream Award: Doodles x Shopify
Diversity Award: BFF
Investor of the Year: Coinbase Ventures
DAO of the Year: ENS DAO
NFT Project of the Year: Bored Ape Yacht Club
Industry Achievement Award: Erick Calderon, Art Blocks
🚨 TLDR - This Week in Crypto:
Sam Bankman-Fried goes on media tour, crypto community largely unified against apology
Coinbase wallet ends support for Bitcoin Cash, ETH Classic, XRP, and Stellar (XLM)
Trader Joe (Avalanche DEX) to launch on Arbitrum, a fast-rising Ethereum scaling L2
Mozilla acquires metaverse brand Active Replica
Alameda Research withdrew $204M ahead of the bankruptcy filing
🪙 Crypto News:
The exploit involved a vulnerability in the contract for staking rewards, along with a compromised key from the Ankr development team
Attacker minted 20 Trillion aBNBc, the Ankr reward bearing staked BNB
The aBNBc was quickly exchanged on PancakeSwap (a DEX on BNB) for USDC
The price of aBNBc fell 95.5%, from about $304 to $1.53, in a matter of hours
The USDC was laundered through TornadoCash, which has been blocked on Ethereum by the US Treasury Department for its involvement in state-sponsored criminal activity in the past
Ankr has already raised $5M to reimburse customers that lost funds via the attack
Following the massive drop in TVL and market cap on Solana, Phantom announced it is expanding from Solana to become multi-chain (though this has likely been in the works for a while now)
The Ethereum and Polygon integrations are live in beta mode on browser and IOS/Android applications, with public launch aimed for Q1 2023
Coinbase announced on Thursday that Apple is preventing Coinbase Wallet users on IOS devices from sending NFTs outside of their wallet
Apple wants to be paid 30% of the gas fees required for transferring NFTs through their In-App purchase system, though they currently do not support crypto, leaving Coinbase in a stalemate
It is important to note that a user can still log in with the same seed phrase into a MetaMask wallet or a computer based browser extension wallet and transfer these same NFTs given Apple has no way to completely shut off access to interacting with the blockchain
Crypto’s most popular messaging app, Telegram is continuing with its plan to expand into crypto infrastructure
In the past month, Telegram has sold over $50M in usernames through its blockchain-based auction platform
Now the company looks to go further and build a decentralized exchange and non-custodial wallet
Brazilian lawmakers have approved a regulatory framework to allow BTC used as payment
Though unlike El Salvador, this will NOT make BTC legal tender in the country
The framework still needs the President's signature before it is set into law
The expectation is that the Central Bank of Brazil will be in charge when BTC is used as payment and the countries securities and exchange commission will have control when it is used as an investment asset
💸 NFT Alpha:
Part of Prada’s capsule collections with new items releasing the first Thursday of every month, this month’s item was a Christmas sweater
Each sweater has a corresponding NFT that is tied to the physical piece
On Tuesday, National Doxxing Day, the founder of DeGods doxxed himself in a bid to show greater transparency and trust in the project
Doxxing creates real value by bringing in real-life consequences and it allows people to rally behind both the project and their founders
At Art Basel, Porsche unveiled its first NFT collection
The NFTs are designed based on the iconic 9/11 car, which can be customized by the purchasers
NFT owners are promised real-world and virtual exclusive events
Launching in early 2023, 7,500 NFTs will be released
📈 Start-Up Investment Opportunities
Please keep this confidential.The author of this newsletter, TradingFemale, works at Red Beard Ventures. Red Beard Ventures is a Web3 Venture Capital Firm that has invested in over 150+ companies including Sandbox, Dapper Labs, SuperRare, Unstoppable Domains, LayerZero, and more! If you are an accredited investor and interested in expanding your start-up portfolio, we have provided some investment opportunities that are currently active through the Red Beard Ventures Syndicate.
Belay: Trade insurance, like “AppleCare for your investment”
Belay provides an insurance solution for trades, where a particular position can be “hedged” in case of selling for a loss
If a user makes a purchase of a supported stock or crypto asset, they can have the option to pay a small fee for Belay to purchase a short position in the same asset
If that position is sold for a loss, the short is sold for an equal amount of profit, leaving a cushion for investors
The volume for retail investors on the 3000 biggest stocks is around $38 BILLION every day
If just one percent of retail traders bought a policy for a 10% fee, that’s a yearly gross revenue of over $138 Million
Their goal is to integrate with whitelabel exchange tech providers, to give the option as the trade is executed
Seed, $14.5M post-money valuation (Preferred stock)
Knights of Degen: Co-Founded by Drew Austin! Web3 Sports & Gaming Ecosystem + $10M in Sales + Acquired League DAO Defi Fantasy Protocol
KoD is building a meta-game for sports betting fans that rewards degen activities, from betting, to fantasy gaming, to building as a DAO contributor.
Assets of KOD include fantasy gaming software, bet2earn protocol, mobile application, media network, p2e gaming assets and teams, professional sports ownership stakes, nfts, and more.
The KOD Inc. cap table will be allocated 30% of the Degen Token market supply.
BoostVC (Coinbase, Etherscan, Alta, Wyre) is leading the round w/ participation from RBV Fund I
Seed, $30M Post-Money + Token
Loupe: Digital Video E-Commerce Infrastructure Enabling Real Time Shopping of Sports Cards and other Alt Assets. $37M GMV in First 18 Months
Loupe is a new card-collecting experience like no other! It's a unique, innovative sports card collectorverse that combines e-commerce, streaming, and community into one platform
The platform allows users to buy packs, watch live openings, connect with other collectors, and participate in a growing community of rapid collectors.
In 2022: $45M GMV is projected
More than 50% of Loupe sellers do >$500,000 in sales; 12 sellers have surpassed $1M in sales
Series B, $65M Post-money Cap
👋 That’s all for now friends! See you next week.
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Disclaimer: The Girls Table DOES NOT provide financial advice. All content is for informational purposes only. The Girls Table is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.
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