⚡ TFC Newsletter: 1/010/2023

OpenSea adds Arbitrum Support, Mastercard Launches Web3 Artist Accelerator, Swapping Tools, Dex Aggregators, New Wallet, Vesting Schedules, and more!

Author

ToolsForCrypto Admin
January 10, 2023

💡 Intro

🥳 Happy Monday! Crypto & NFTs have been on an uptrend the past week: let’s hope it continues into this week!

Outside of price action: there’s a number of Web3 product updates worth diving into too 👇:

Over the weekend: OpenSea added support for the L2 chain Arbitrum

Why This Matter:

  • Even during the 🐻, Arbitrum is steadily growing in transaction count, as shown by the tweet below. With it recently hitting an all time high in txts, this OpenSea move should help the L2 even further.

  • With its recent momentum: Arbitrum is worth watching for both potential investments & for product innovation as more tools are now being built on the chain.

In more good news over the weekend: Mastercard is launching an accelerator program for Web3 creators.

The Mastercard Artist Accelerator will harness Web3 technologies on the Polygon blockchain, forging new territory by connecting artists with mentors and fans in an exclusive development program.

“Music is a universal passion, inspiring us, moving us, and bringing us together; however, it can feel impossible for budding artists to break in. With the Mastercard Artist Accelerator, we are expanding access and driving connections further with cutting-edge Web3 technology,” said Raja Rajamannar, Mastercard Chief Marketing and Communications Officer

No new fundraising rounds announced today.

In general fundraising news: Animoca Brands Corp. is looking to raise about $1 billion this quarter for its new Web3 and metaverse investment fund - Link to Bloomberg

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Odos

"The Optimal DEX Aggregator"

Type of Product: DEX Aggregator

Purpose of Tool: Odos is a DEX Aggregator that offers users a convenient and cost-effective way to exchange multiple tokens for one asset in a single, atomic transaction. With Odos, users can quickly and securely convert a basket of input tokens into the desired output, eliminating the need to worry about gas costs and market volatility.

What Makes This Tool Great: it lets you swap multiple tokens into one token across different exchanges for the best price possible in just one operation.

If you’ve ever had wallets with Dust (aka: small amounts of tokens) and found yourself manually switching them all into USDC or ETH: this tool does that for you all in one operation!

  • Permissionless: decentralized exchanges enable unrestricted access to onchain assets through permissionless listing and swapping of tokens facilitated by smart contracts.

  • Self Custody: By swapping on Odos, users maintain full control over their funds, unlike centralized exchanges, completely eliminating third-party custody risks.

  • Best Rates: Odos searches hundreds of DEXs and thousands of liquidity pools to provide you with the best rate possible on your swaps.

  • Security: Odos' smart contracts, which have been audited by third-party experts, securely execute your swap on-chain, protecting your funds at all times.

Team / Funding / Backers / Other Info: Odos protocol recently announced its integration between Tenderize a few days ago on January 3rd, 2023. The integration focuses on providing a seamless, transparent, and secure experience for users when trading digital assets on the Odos DEX aggregator.

Royal

“Invest in Music."

Type of Product: Web3 Music

Purpose of Tool: Royal is a music investment platform that enables anyone to invest in music and receive royalties alongside artists. Royal allows artists to retain creative control and independence while fans fuel their careers and benefit from the financial upside of their investments.

What Makes This Tool Great: it lets users earn royalties from artist drops. This is a feature that can only easily be done in Web3 with smart contracts, so it’s great to see a platform actually executing it.

With each drop, token holders receive royalties from the streaming and sale of music from the artists associated with the drop. Royalty payments are calculated based on the percentage of ownership per token tier and the number of streams/sales.

  • Invest in music: Invest in music and own a portion of the streaming royalty rights.

  • Trade anytime: Trade anytime on Royal's active marketplace.

  • Earn royalties: Collect a portion of royalties as the music plays on digital platforms like Spotify and Apple Music.

  • Exclusive rewards: Artists share ownership directly through Royal, and investors have access to exclusive benefits like merch, private listening parties, meet & greets, and more.

Team / Funding / Backers / Other Info: Royal raised a $55M Series A round led by Andreessen Horowitz with additional investment from CAA and NEA’s Connect Ventures, Crush Music, Coinbase Ventures, Founders Fund and Paradigm. Helmed by co-founders Justin Blau (3LAU) and JD Ross, the company has welcomed a star-studded roster of global artists among their investor list including The Chainsmokers, Nas, Logic, Stefflon Don, Kygo, Joyner Lucas & Disclosure.

Obvious

“Transact across wallets, dApps, exchanges & chains with ease."

Type of Product: Crypto Wallet

Purpose of Tool: Obvious is a self-custody wallet that bridges and swaps assets across EVM and non-EVM chains. This wallet is designed to make it easy to access and use assets from multiple blockchains without sacrificing security or privacy. Obvious also has a companion card that allows users to spend crypto from any source by tapping into liquidity from any source.

What Makes This Tool Great: it has a really cool alerts system that lets you recieve email alerts or notifications, when transactions involve your wallets.

  • The Obvious Wallet also allows users to switch between blockchains and integrate with decentralized applications (dApps) with a few clicks. Additionally, users can make cross-chain transactions with ease.

  • The Obvious Card is a unique card that allows users to access crypto liquidity from any source in order to fund their spending. This card is backed by the Obvious Wallet, giving users complete control of their funds while they are spending them.

Team / Funding / Backers Info / Transaction Amount: Just today: Obvious officially announced the launch of its self-custodial wallet app for the Google Play Store and iOS devices in all regions and countries.

Obvious Core Team:

  • hretarekar.eth | himanshu.lens | Co-founder

  • Pradeep B V | Builder

  • Jebu Ittiachen | jebui.eth | Co-Founder

VestLab

"Listings & Distributions crypto tokens”

Type of Product: Analytics

Purpose of Tool: Vestlab is an analytics service offering comprehensive information about tokenomics, metrics, exact dates and times of upcoming events, and first listing and vesting of crypto tokens. Features and benefits of Vestlab include:

What Makes This Tool Great: you can easily see vesting schedules for tokens you own.

  • Vestlab Bot: Receive notifications on events in the Telegram bot.

  • Widget: Easily add a token widget to your site with just a few clicks. Available widgets are: allocations chart; vesting schedule; distribution timeline.

  • Constructor: Create your own project and offer to publish it on the main page of the Vestlab site.

  • Detailed information: Receive detailed information on tokenomics, metrics, allocations, and dates of upcoming splits.

Team / Funding / Backers / Other Info: On December 2022, DAO Maker was delighted to announce the full integration of vesting data for token launches on Vestlab. By doing so, all token distribution data is now accessible to the public at vestlab.io/daomaker. Vestlab also participated in Gitcoin Grants 15 with a $2,000 estimated lifetime funding received.

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