⚡ TFC Newsletter: 01/12/2023

Twitter Working on Virtual Tipping, AWS x Ava Labs Partnership, Web3 Social Tooling, Community Management, Web3 Developer Tools, and more!

Author

ToolsForCrypto Admin
January 12, 2023

💡 Intro

Jane Wong (wongmjane on Twitter) put out a series of tweets documenting an unreleased UI of Twitter adding Tipping functionality through virtual coins.

She’s released past Tech scoops before features went public before, so there’s a good chance this feature is being worked on.

And while there’s no direct indication of crypto being involved with the coins: Elon has said multiple times that more crypto-friendly features would be added to Twitter over time, making it possible that the coins could be bought through fiat or crypto with Stripe’s crypto integrations. Something to watch out for!

Just today: Ava Labs and Amazon Web Services (AWS) have announced a partnership to accelerate enterprise, institutional, and government adoption of blockchain.

It’s worth noting how the strong launguage of AWS’ VP and global head of startups on Web3 and blockchain, as shown below. Full article here from Techcrunch

“Looking forward, web3 and blockchain is inevitable,” Howard Wright, VP and global head of startups at AWS, said to TechCrunch. “No one can call the time or date or quarter that it’s going to happen and it’ll be mainstream, but we’ve seen the cycles of growth before. The velocity of this one seems like it’s accelerating and we’re just excited to be a part of this.”

Finally, new fundraising to announce!

  1. Quasar Finance, a decentralized asset management protocol using IBC by Cosmos raised $5.4M - Tweet

  2. The Easy Company has raised $14.2 million in a seed round. Led by Lobby Capital, Relay Ventures, 6th Man Ventures, Tapestry VC, Upside and Scribble Ventures - Techcrunch

  3. Cryptiony has raised €500,000 in a pre-seed funding round to build their crypto-tax solution - Press Release

  4. TerraCVita Raises $1M For ‘Terraport’ That Includes Terra Classic DEX - Announcement

  5. Seidr raises seed round through a16z to build the next Web3 multiplayer cross-platform gaming experience - Tweet

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Tide

"Engage and grow vibrant communities"

Type of Product: Web3 Marketing

Purpose of Tool: Tide is a web3 marketing platform that empowers projects in building organic and thriving communities. Tide is an application that allows projects to launch data driven marketing campaigns with token incentives. With Tide, users can take part in campaigns from the campaign page while projects can acquire and retain customers at lower costs and quickly get data from users with surveys and tracking on-chain data.

  • Engagement and Gamification mechanisms to acquire users in an authentic and innovative way.

  • On-chain information is used to make campaigns sybil resistant and targeted, with multi-tiered, selective rewards.

  • Launching a campaign requires only a 30 minute call with the Tide team. Soon, campaign creation will be public and decentralized.

  • Gasless UX and web2 onboarding to open the gates for more and more users

Team / Funding / Backers / Other Info: Since its launch in October 2020, Tide has gained over 20,000 monthly active users, 10,000 Twitter followers, and 18 campaigns launched. Through its campaigns, Tide has distributed 14,681 rewards and attracted 10,281 unique users to participate. Its Audience System provides users with a 10x better balance, 10x more transactions, and 10x longer age compared to other credential platforms.

Lemonade

“Lemonade, web3 made easy."

Type of Product: Social

Purpose of Tool: Lemonade is a multichain platform designed to help people build web3 communities with real-world utilities and rewards. With Lemonade, users can choose their favorite blockchain, curate token-gated events, create NFT blockchain lotteries, sell merch, collaborate, split royalties and payments, and enjoy data ownership.

Lemonade also provides a built-in Lemonade Stand to help users grow, engage and monetize their community, as well as a Lemonade Wallet that allows users to take advantage of blockchain benefits without having to manage their own wallet.

Team / Funding / Backers / Other Info: Outlier Ventures is one of the investors of Lemonade along with Galileo Ventures both at an undisclosed amount. Additionally, Lemonade announced their partnership with Unique Network, a blockchain built for NFT utility, allowing them to provide a full-service solution for brands to take a hybrid IRL and metaverse approach to their Web3 strategy.

Co-founders: Kritarth 'KC' Chhabra, Arz Bhatia and Chris Lahaye

DeBox

“Less Trust More Truth"

Type of Product: Community Management

Purpose of Tool: DeBox is a community management tool based on blockchain DID that helps users accurately acquire new users through public domain traffic. It features a flash room + voice service function that enables users to display reputation and participate in community governance.

The benefits of using DeBox are that it provides a relationship-based social networking, with a user experience that is in line with the usage habits of Web3.0 users, and it makes it easier for users to track and deposit traffic.

DeBox also allows users to stake their reputation and be rewarded for their contributions to the platform. This incentivizes users to build strong networks and become more involved in the platform. Furthermore, this also allows users to have a say in the direction of the platform, and ensures that the platform is tailored to the needs of its user base.

Team / Funding / Backers Info / Transaction Amount: On January 9th, Debox, announced that it had raised $2M in seed round financing. The platform has been up and running for 4 months, and has seen its daily active users (DAU) surpass 10K.

Tenderly

"All-in-one development platform”

Type of Product: Developer Tool

Purpose of Tool: Tenderly is a comprehensive Web3 development platform designed to simplify and accelerate the development of smart contracts. It provides developers with debugging tools, observability, and blockchain node infrastructure to enable them to build, test, monitor, and operate smart contracts in one place.

With Tenderly, developers can debug transactions to locate the exact line of code where a transaction failed or reverted, optimize gas costs with the advanced gas profiler to spot which functions are using the most gas, and view decoded variables to see state and local variables in human-readable form.

Team / Funding / Backers / Other Info: Tenderly raised $40 million in a Series B round of funding. Founded in 2018 by Andrej Bencic, Bogdan Habic, Miljan Tekic, and Nebojsa Urosevic, it is used by thousands of app developers, such as from Uniswap, Yearn Finance, and OpenSea. Tenderly's Series A round of funding amounted to $15.3M, led by Accel, with additional participation from existing investors.

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