The Girls Table Newsletter

12/12 - This Week in Web3, Venture Capital, & Start-ups

Author

Elana Gold
December 12, 2022

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, 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: 

Future Girl's Table Events:

Thank you again to everybody who attended the Girls Table brunch at Art Basel. It was great to see so many familiar faces and to meet some new ones as well.

We would love to hear about any other conferences you will be attending in 2023, so please let us know as we are still planning our event calendar! We have provided our tentative list for 2023 below:

  • ETHDenver 

  • NFT LA

  • SXSW 

  • NFT NYC 

  • Consensus 

  • VeeCon 

We've also shared some photos from the event but you can see all of the gorgeous photos here. We hope you had as much fun as we did and we can't wait to see you at the next one.

🎙️ New Podcast Episode: 

In this weeks episode of The Girls Table, TradingFemale is joined by Founder Rebekah Bastian who is an entrepreneur, award-winning author, artist, tech executive, mentor, wife, mother, and aerial acrobat.

Rebekah spent 15 years at Zillow with roles including VP of Product and VP of Community & Culture until one day waking up in the middle of the night to the idea of writing her first book, Blaze Your Own Trail which received the gold independent publishers' reward.

Based on the book, Rebekah started the company OwnTrail to help people embrace their nonlinear career journeys, see what others’ paths really look like and help each other make progress towards their aspirations.

🚨 TLDR - This Week in Crypto:

  • The beta version of Starbucks’ web3 loyalty program has just been released for selected customers and partners 

  • Users can engage in Odyssey Journeys to earn NFTs and Odyssey points that will unlock benefits and experiences 

  • The Odyssey loyalty program will be hosted on the Polygon blockchain 

  • The world’s largest Bitcoin fund, Grayscale Bitcoin Trust (GBTC), is currently trading at a discount rate of 47.3% relative to its Net Asset Value 

  • Bearish sentiment comes from recent announcements from Genesis Global Trading that the firm has halted customer withdrawals from its lending unit following the FTX fallout. Genesis and Grayscale have the same parent company Digital Currency Group, which has already bailed out Genesis once 

  • Chainlink, the most used oracle for price feeds and off-chain information, opened a staking pool last week

  • Already, the pool has hit the community limit of $170m worth of LINK tokens staked 

  • The staking systems help to secure the integrity of the price feed for ETH while earning 4.75% annualized rewards for stakers 

  • PayPal’s first EU crypto foray begins in Luxembourg 

  • Once the Markets in Crypto Assets (MiCA) regulation comes into effect in the EU, theoretically any crypto company licensed  within an EU country can service the rest of the 26 countries within the union

  • Though PayPal has supported the US with crypto products since 2020, the EU has been harder to market to crack and presents a far less tapped market thus far

💸 NFT Alpha: 

  • In a partnership with Anybodies, Toys R Us will be launching their own NFT project 

  • Based on the mascot, Geoffrey the Giraffe, it appears that the release will by “phygital”, meaning a physical item linked to the virtual NFT

  • The release will go live on Solana in 2023

  • The NFT marketplace and aggregator, Blur, has announced its second airdrop is live for $BLUR

  • The airdrop is 10x the size of the first drop and will be claimable for 14 days 

  • You can claim your Care Packages from Airdrop 2 by placing a single bid for any amount on any collection

  • Floor, an all-in-one app for viewing, trading, and evaluating NFTs alongside news alerts has finally gone live on the Apple App Store and Google Play Store

  • Currently, in its beta release, Genesis Floor NFT holders have first gated access with the public launch coming soon 

  • Not a Genesis holder? Each holder will have free invites to give out weekly, so join the discord and make some friends :)

  • OpenSea, the most popular NFT marketplace by active users has now integrated with BNB chain enabling BNB-based NFTs to be traded on the platform 

  • This is a massive integration for BNB and Opensea, as BNB chain is the second most used chain after Ethereum

📈 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)

  • Link to invest

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

  • Link to Invest

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

  • Link to Invest

💰 Venture Capital News

Pitchbook recently came out with a report regarding the benefits of insider-led rounds. Insider-led rounds are new financing rounds led by existing investors. Below we have highlighted some key information from the report:

  • Investor interest in up-and-coming startups has increased over the last decade.

  • In 2022, insider-led rounds (ILRs) accounted for 23.8% of the total capital invested in the overall VC market, more than double the 2012 figure of 10.8%.

  • ILRs had a median deal size of $14.1 million, nearly triple that of the non-insider-led round median of $5.5 million, indicating that existing investors can attract more investment interest.

  • Both segments of deals experienced record-setting returns on venture capital invested in 2021.

  • There is no consistent advantage for insider- or non-insider-led rounds in terms of returns.

👋 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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