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The Girls Table Newsletter
12/26 - 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, 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:
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!
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 group of inspiration Women!
🎙️ New Podcast Episode:
In this week's episode of The Girls Table, TradingFemale is joined by Erica Wenger who is a serial entrepreneur and venture capitalist. Erica started her entrepreneurship journey in college where she developed a unique, plant-based vegan bacon. She eventually sold the trademark of that company.
Then she went on to build a B2B apparel company that designed, sold, and shipped custom apparel on behalf of 150+ nonprofits which she exited from. Then she was on the founding team of Madefor which she helped scale from an idea to a multi-million dollar business before leaving and eventually working at the venture capital firm WorkLife as Head of Platform. She left WorkLife a few months ago to start something at the intersection of tech and impact.
🚨 TLDR - This Week in Crypto:
Sam Bankman-Fried is set to be flown back the US to face fraud charges in federal court after telling a judge in the Bahamas that he agreed to be extradited
SBF will face charges of fraud, securities fraud, money laundering, and campaign finance violations
To make matters worse for SBF, the SEC is looking to classify the FTT token as an unregistered security
The former twitter CEO has donated 14 BTC to Nostr’s development
Nostr is a decentralized social network, aiming to create a censorship-resistant global network
Rather than running on central servers, all users run a client which allows for relays to forward posts along
Though this appears to be in competition with Dorsey’s stealth project, Web5, that aims to tackle Decentralized Social Media, this is just a small funding donation similar to his work with messaging app, Signal
The Helium foundation announced that they will be migrating onto the Solana blockchain in Q1 2023
Helium is a decentralized wireless network with the aims of powering the IoT - Internet of Things
Leaving their self-created blockchain, the Helium Network, now all Helium Hotspots will be represented by an NFT on Solana
This will bring almost 1 million new NFTs onto Solana, once the transition is complete
Metamask users will be able to use PayPal as an on ramp to buy Ethereum directly in their crypto wallets
Initially rolling out with select users, the process flow works by PayPal users purchasing crypto through PayPal, then transferring it to their self-custodial wallet
💸 NFT Alpha:
Yuga Labs, the company behind Bored Ape Yacht Club and Crypto Punks, just appointed their new CEO, Daniel Alegre
Alegre is coming from his position as COO at Activision Blizzard, signaling a full forced push into gaming for Yuga Labs while they are currently developing its Otherside Metaverse
Nicole Muniz, the previous CEO, will stay on as a partner and strategic advisor
On Dec 17, 44,000 Trump digital trading card NFTs sold out on Polygon
While selling for $99 in the primary sale, secondary sales rose as high as .84 ETH ($990) on Saturday, though just three days later the prices has dropped 74% (measured in USD)
There has also been criticism that the project has apparently used stolen artwork for some of its card designs
So far the project has seen over $8.7M in secondary sales
The price per Wape was 0.07ETH, plus gas
Collectors were limited to 9 per wallet
Only 3000 Wapes in the collection, floor price increased to 0.45ETH within hours
📈 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.
Blocklords: GoT Meets Axie - Revolutionizing Play-To-Earn Gaming
Blocklords already has 120k pre-registered for their play-to-earn game
The medieval-based game allows players to craft their narrative while simultaneously earning cryptocurrency for tasks they complete within the game (Play-to-earn model).
Blocklords is focusing on delivering value to the user first to build up the user base and ecosystem first - This approach seems to be working by their massive sign-up and connection numbers
Money earned can be used to progress in the game or traded on crypto exchanges.
Bitscraft, Delphi Digital, and Animoca Brands are all investing
SAFT, $100M FMV
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)
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
💰 Venture Capital News
VC funding for blockchain companies increased in 2022 compared to 2021, despite the overall market action. The highest level of funding was reached in April, with nearly $7 billion, while the lowest point was in November, at $840 million.
👋 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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