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The Girls Table Newsletter
1/18 - This Week in Web3, Venture Capital, & Start-ups
Welcome back to The Girls Table's 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 like-minded individuals!Also, don't forget to respond to this newsletter with a quick "Hi" so it doesn't get buried in your promotions folder!
GM,
What a week in crypto. We don't want to jinx anything, but it has been a while since we last saw double-digit percentage gains and we must say it feels pretty nice. Only time will tell if this continues, but the macroeconomic indicators can definitely allow for a continuation of this trend.
As always thank you for reading and taking a seat at The Girls Table.
Here is a breakdown of today's newsletter:
🥳 Events & Community
🎙️ New Podcast Episode
🚨 TLDR - This Week in Crypto
💸 NFT Alpha
📈 Start-Up Investment Opportunities
💰 Venture Capital News
🥳 Events & Community:
World of Women is hosting an official LA meet-up on Saturday, February 11th at Kollectiff Gallery in Venice Beach, CA! 🏝If you are a WoW or WoWG holder and would like to attend, make sure to RSVP here: https://lu.ma/wowla003
We are always looking for sponsors to be able to plan more events for Women in Web3. If you or your company might be interested, please reach out!
Below we have provided our tentative list for 2023 but if you want to see a larger list of crypto events check out a larger list one of our community members made here:
ETHDenver
NFT LA
SXSW
NFT NYC
Consensus
VeeCon
Also, if you don't want to miss out on future events we will be hosting during 2023, join our Telegram group to stay up-to-date. The chat has been growing and it is so amazing to have such an awesome inspiration group!
🎙️ New Podcast Episode:
In this week's episode of The Girls Table, TradingFemale is joined by Ryan Wyatt who is the President of Polygon. Ryan leads a 300-person business team working to help advance the Polygon ecosystem across various products.
Ryan started his gaming career as a competitive Call of Duty player while still in college. He ran multiple tournament operations at Major League Gaming until eventually joining Youtube as the Global Head of Gaming at the age of 27. During Ryan’s time at Youtube, he created their gaming vertical and built it into the video platform’s second-biggest business generating billions in revenue.
Ryan is Forbes 30 under 30, Hollywood Reporter 35 under 35, Fortune 40 under 40, NYT Best Selling Author, and also the first man to officially be on the Girls Table Podcast!! Check out the latest video where Ryan breaks down the future of gaming and how Polygon has been able to win over contracts with multiple fortune 500 companies.
Do you know any entrepreneurs, creators, or investors who you think have an amazing story? Please reply and share them with us so we can continue to have the most inspirational individuals on the podcast.
Did we mention that Mark Cuban agreed to be on after the MBA season? 🤫
🚨 TLDR - This Week in Crypto:
Crypto Winter thaws slightly
FTX liquidators find $5 Billion to remunerate creditors
FTX liquidators also get themselves liquidated on AVAX DEX
US Justice Dept announces major international enforcement
Sentiment at Davos ‘23: Crypto is here to stay
🌗 Crypto News:
The popular L2, Polygon, has just completed a hard fork that reduces gas spikes by smoothing the fluctuations function as well has reduces block reorgs by reducing the time between block producers
A hard fork creates a permanent split between the old and new version of a blockchain, all validators need to adjust, but on the user side nothing visible changes
Most popular cryptocurrencies are up over 20% in the past week, with BTC leading the charge and finally breaking through the $20k resistance
As a result of the market rally, over $500M in short positions were liquidated since friday, making it the largest period for liquidations since October 2022
With the recent FTX explosion raising investors concerns over keeping their assets on exchanges to use as collateral for trading, Binance has released a solution that should be the best of both worlds
Through Binance Custody’s new feature called Binance Mirror, Institutional Investors can keep their collateral in a cold wallet, immune to on-chain hacks, which will become accessible to the institutions once trades are settled
💸 NFT Alpha:
The popular nature company, National Geographic, is releasing its first NFT collection called “GM: DAYBREAK AROUND THE WORLD”
The mint will consists of 16 images, available in 118 editions, so a total of 1888 total NFTs will be released, in a nod to the year the company was founded
Austin Hurwitz was recently announced as Doodles’ new head of business development
After 8 years in the tech and entertainment industry, this is Austin’s first full time role in web3, though he has been an active member in the Doodles community since its inception
Jan 18, the BAYC “Dookie Dash” begins, which will be a skilled-based mint
In order to participate you need to hold a Sewer pass, which will be available for all BAYC/MAYC holders
The Sewer pass will allow you to compete in the Dookie Dash, yet the prizes are unknown
📈 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.
Bear Markets like the one we are currently in have traditionally been times to build; building the protocols, primitives, and key tools that will be invaluable the next time the market yet again rebounds with new interest and hype. Traditionally, the lower valuations in these times have been a great benefit, allowing investors like us to capture tremendous future value for relatively low investments in the present. 2023 will be a great year for building out a strong, diverse portfolio; one that may be full of obscure names now, but will be a catalog of the industry leaders in the coming years.
Emerge: Real Touch Feedback in Virtual Worlds
Featured in the World Economic Forum and invested in by the best of the best
A16Z, Soma Capital, Eric Schmidt, and other industry leaders are in this round or converting their SAFE
This series B round is at a great valuation for how much the company has done, and is accelerated by a deal with Disney and Star Wars for a VR game Spring ‘23
Azarus: Turning Streams into Games + Follow-On Round - 4.5M watch hours YTD
Since the last round of funding, they launched the new Azarus Platform, which enables anyone to build and distribute games that can be played on Streams
Partnered with leading talent agency, AFK to get them to a target of 10M MAU by March 2023.
Deployed a series of brand-sponsored games for marquee clients such as Ubisoft / Logitech / Razer / Intel, and Coca Cola
$7M in the pipeline for this year and $15M for 2023, and the team is hustling to close as many deals as possible, as fast as possible
Launched a partnership with Meta (Facebook Gaming); currently in Open Beta
Chosen 5Crypto to help with external communication and public relations - they’ve done a phenomenal job with the SandboxTheir traction is insane with 500K concurrent viewers - the largest audience so far, 4.5 million watch hours year-to-date 2022, and average weekly Engagement Retention of 65.6%
Seed +, $50M Post-Money Cap
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
Recording of AMA with the Belay Founders can be found here
If a user purchases 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
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)
Investing out of Red Beard Ventures Fund I
💰 Venture Capital News
Su Zhu and Kyle Davies partnered with the founders of CoinFLEX to launch the tongue-in-cheek named “GTX”
Su and Kyle were founders of 3AC, the VC firm that filed for chapter 15 bankruptcy amid last summer’s mass selloff
Castle Island Ventures, another Web3 VC fund, told Bloomberg that the plan is “akin to arsonists returning to the scene of the crime and offering to charge their victims for buckets of water”
👋 That’s all for now friends! See you next week.
In the meantime, subscribe to our youtube channel to see weekly podcast episodes💌 Join our subscribers and sign up for this weekly Girls Table Newsletter if you haven’t already!📲 Join our friends by connecting with us and following us on The Girls Table Twitter + Tiktok.
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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