⚡ TFC Newsletter: 01/06/2023

AVAX NFTs on Shopify, Aggregators by volume, Dao Discovery, NFT Payments, NFT Loans, Creator tools, and more!AVAX NFTs on Shopify, Aggregators by volume, Dao Discovery, NFT Payments, NFT Loans, Creator tools, and more!

Author

ToolsForCrypto Admin
January 06, 2023

💡 Intro

Even during the 🐻 market, builders are launching better tools to help traders & investors navigate Web3 easier.

DeFiLlama’s Aggregator was launched just this week and we covered it 2 days ago, but already it’s beaten Metamask + Matcha’s TVL for the past 24 hours.

Aggregators make it much easier to buy & sell crypto, as users can find the best trade price without needing to go to a bunch of individual DEX sites and calculate slippage, price etc.

Venly a multi blockchain wallet solutions, released a Shopify plugin today that allows merchants to easily sell AVAX NFTs through Shopify stores.

It was covered directly in an Avalanche press release and it’s exciting to see infra get better over time for NFT purchases in Ecommerce.

Welcome to TFC’s daily newsletter! Thanks for subscribing, we’re working hard to give you the best info on the most exciting crypto products.

If you’re a builder, investor, or crypto enthusiast, this will benefit you!

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.

DAOHQ

“This is the one-stop-shop to explore, invest and participate in DAOs."

Type of Product: DAO Marketplace

Purpose of Tool: DAOHQ is a platform that provides a one-stop-shop for finding, investing in, and voting on decentralized autonomous organizations (DAOs). DAOHQ offers a range of features and benefits for managing and interacting with DAOs, including:

  1. DAOHQ Index: A token that tracks the market capitalization of the top 25 DAOs and is consistently rebalanced to reflect their market cap weights.

  2. DAOHQ OTC: An automated system for managing peer-to-peer buying and selling of tokens, with a Discord bot to unlock community liquidity.

  3. DAOHQ Launchpad: A decentralized platform for creating, growing, and monitoring DAO tokens with no upfront fees.

  4. DATA API: A data API with queries for high-level trends and detailed data analysis.

Team / Funding / Backers / Other Info: DAOHQ is a startup founded by Emmet Halm and Lucas Chu. The company, based in Miami, Florida, has raised $1.3 million in funding from investors, including Soma Capital, Stealth Capital, GSR, and Mark Cuban. DAOHQ has also received support from Andres Bilbao, Thor Chan, Jon Allen, and Mavis Xu.

DAOHQ also announced the launch of their fully revamped home page on January 4th, which provides a bird's eye view of the DAO market through three key graphs: total DAO market cap, total DAO treasury size, and the DAOHQ Index. See the GIF below for a preview.

Winter

“Sell NFTs via credit card"

Type of Product: Payments

Purpose of Tool: Winter is an embedded NFT checkout solution that enables businesses to sell NFTs via credit cards and store them in a custodial wallet. Winter offers a range of features and benefits for buying, using, and managing NFTs, including:

  1. Embeddable widget: Customers can easily purchase, view, transfer, and use NFTs using Winter's widget, which supports all major credit card brands.

  2. Encryption: Winter uses the latest encryption technology to keep NFTs and private information safe.

  3. No need for crypto or gas fees: Customers can use their credit cards to buy NFTs without having to transfer crypto or pay gas fees.

  4. Easy integration: Businesses can easily integrate Winter's checkout widget with a few lines of code.

  5. Customer ownership: Customers have 100% ownership of their NFTs and can use Winter to store the NFT to a non-custodial wallet, manage, and sell them.

Team / Funding / Backers Info / Transaction Amount: Winter is a venture-backed startup (supported by Y Combinator's W22 cohort and investors such as Marc Andreessen, Andrew Chen, and Chris Dixon). The Winter team consists of Michael Luo (Chief Janitorial Officer, formerly a tech lead at Zillow and product manager at Facebook/Instagram), Evan Fisher (software engineer), and Rick Liu (software engineer).

X2Y2 and jpg.store have announced their integration with Winter, allowing customers to use their credit cards to buy NFTs on jpg.store and X2Y2 marketplaces.

BendDAO

"Web3 Data Liquidity"

Type of Product: NFT Loans

Purpose of Tool: BendDAO is a decentralized peer-to-pool based NFT liquidity protocol that provides instant NFT-backed loans and allows NFT holders to use their NFTs as collateral to borrow ETH or deposit ETH to earn yields.

BendDAO offers a range of features and benefits for NFT holders and traders, including:

  1. Instant NFT-backed loans: NFT holders can borrow ETH through the lending pool using NFTs as collateral instantly, while depositors provide ETH liquidity to earn interest.

  2. Collateral listing: NFT holders/sellers can get up to 40% of the floor value of their NFTs before they sell, and existing borrowers can list their collateral for sale on BendDAO.

  3. Buy with down payment: Buyers can pay a minimum down payment of 60% to buy an NFT from major marketplaces and initiate a flash loan to cover the remainder, which will be repaid through an instant NFT-backed loan on BendDAO.

  4. Theft prevention: NFTs are converted into representing untransferable ERC721 boundNFTs through instant NFT loans, protecting them from theft while still allowing them to be used as avatars on Web2 social media platforms.

Team / Funding / Backers / Other Info: BendDAO has proposed the creation of an investment fund with a post-money valuation of $80 million to function as a sub-treasury for the company last September 2022. It sought approval from the community to sell 1 billion of its tokens, or 10% of the total BendDAO (BEND) token supply, to seed its proposed sub-treasury investment fund.

In the past week, a record-breaking number of nearly 300 new BendDAO loans were issued using BAYC as collateral.

Cardstack

"The Collaborative OS for Web3

Type of Product: Creator Tool

Purpose of Tool: Cardstack is a platform that allows users to build and create content for apps, and to be paid for their work without needing coding or crypto experience. Cardstack offers a range of features and benefits, including:

  1. Card Builder: No-code tools, a unified environment and design system, and open-source architecture making it easy to build your own space and extend it to fit your specific needs.

  2. Card Wallet & Card Pay: Purchase prepaid cards easily with Apple Pay, and use them as your go-to payment method for products and services in the Card Pay network. Keep all your prepaid cards, reward cards, and other balances in one place, and request Web3 payments from customers.

  3. Card Space & Card Flow: Collaborate with others to organize projects, create content, submit proposals, mint NFTs, and use the workflow and task system. Manage your personal, business, or community space and add the content, products, or NFTs you want to sell or present to your community.

Team / Funding / Backers / Other Info: Blockchain venture Cardstack successfully raised $35 million in its token sale last 2008, with the funding used to help the company achieve its goal of redefining the internet's experience layer through decentralization and blockchain technology.

The team behind Cardstack is led by Chris Tse. It includes tech professionals Ed Faulkner and Hassan Abdel-Rahman, as well as an advisory board featuring Oliver Bussman and Nicolai Oster.

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Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!