⚡ TFC Newsletter: 11/25/2022

Metamask Privacy Update Causes Uproar, Search Engine for Web3, Copymint Security, New Web3 Dashboard, Creator Tokens, and more!

💡 Intro

🥳 Happy Friday! Hope everyone in the US had a good Thanksgiving yesterday!

The TFC team is back online today and ready to cover the big drama in the Dapp space with Metamask.

🦊 Metamask Privacy Update Causes Uproar

It started with a change to Metamask’s privacy policy around Infura (the node provider that comes default with Metamask) recording your IP and ETH wallet address.

From a technical side: this is nothing new. Servers by default see your IP address when you send requests. And RPC nodes receive your ETH address when you make transactions.

The big question is the “Collect” wording: they’ve received both of those fields the whole time, so by Collect do they mean Save? Or merely mean Receive (and then don’t store them in a database)?

The founder put out a clarifying tweet thread below, alluding to the first instance:

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👉 Crypto & Web3 communities are much more privacy aware then Web2 audiences, and so this update has caused a lot of anger online.

🛡️ Alternatives To Metamask

Even with the clarification: many big crypto proponents are still saying it’s a problem + giving alternatives to Metamask.

Some alternatives to Metamask

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.

Ora

"Ora is the search engine for blockchain data"

Type of Product: Web3 Search Engine

Purpose of Tool: Ora is a search engine for web3, making traversing on-chain data as easy as a Google search. Ora aims to combine sequel engines, dashboards, and explorers through one interface.

  • an easy-to-read and understand, user-friendly transaction viewer

  • use natural language to query the blockchain

Ora is a startup that is still continuously adding more features, with recent ones such as - ELI5 summaries, more elaborate searches like aggregate queries, Searching & filtering transactions in the same view, NFT metadata, Trending searches, and keyboard shortcuts.

Team / Funding / Backers / Other Info: Ora was announced as one of the newest crypto startups from Alliance DAO’s demo day. There were about 953 applications for this cohort, but only 17 teams/startups, including Ora, were chosen and graduated from the program.

Core Team:

  • Dennis Antela Martinez | Co-Founder

  • Sanny Kim | Co-Founder

  • Jacob Shiohira | Co-Founder

Metadapp

“All in One Web3 Dashboard"

Type of Product: Analytics

Purpose of Tool: Metadapp is an all-in-one Web3 dashboard that provides users with analytics and automation tools required to interact with various protocols across multiple blockchains most conveniently and effectively.

  • Smart Alerts | Perform complex logics on any smart contract address and DeFi Protocol and receive real-time notifications via email, telegram, and even sms.

  • Due Diligence Tools | Due diligence dashboard does an elaborate Analyses of any token’s Internal smart contract functions to discover hidden attack vectors bad actors do not want you to see.

  • Premium NFT Tools | Conduct an in-depth analysis of the entire NFT market in one glance. track your NFT portfolio, view rarity rankings,

  • Tradeviewer with built-in DEX | Perform real-time technical chart analysis of any token pair by using FIat On-ramps and execute Buy & Sell orders.

Team / Funding / Backers Info / Transaction Amount: Metadapp is a recent tool that launched last September 2022, offering early access signups for their product testing, and officially went live on October 5th, 2022. Metadapp also recently launched an invite contest, rewarding $50 USDT, ENS airdrops, and Superuser whitelists.

Rally

“Crypto for Creative Communities"

Type of Product: NFT/Token Creator Tool

Purpose of Tool: Rally is a platform for creators and their communities to build their own independent digital economies. Users can launch their own social token or NFTs that enables transactions, access, and more creative solutions for their economy.

Rally takes no fees, has a low environmental impact, requires no crypto experience, and seamlessly integrates with platforms. Coins created with Rally can be integrated into apps across the web, opening endless utilization possibilities within the creator ecosystem.

Team / Funding / Backers Info / Transaction Amount: Rally has raised $50 million in a token sale conducted by its community on August 2022, The community, through governance proposals, raised the money through a sale of its native token, $RLY, raising a total of $108 million to date for its treasury.

Since launch in October 2020, more than 170 personalized cryptocurrencies have launched via Rally, including Grammy-award winners Portugal the Man ($PTM), international soccer star Keisuke Honda ($KSK), and more. Rally was also named one of the top 5 most innovative companies in social media by Fast Company.

Optic

"Imitation isn’t always flattering"

Type of Product: NFT Security

Purpose of Tool: Optic monitors blockchains to reveal the origins of any NFT and how it’s been reimagined, remixed or copied, helping to protect your community and inspire authentic collaboration.

  • Marketplaces | Spot trending scams and fraudulent activity before they damage your community using the most up-to-date and comprehensive NFT dataset on the market.

  • Creators | Keep an eye on your NFTs across blockchains so if someone crops your art and claims it as their original work, you’ll know.

  • Developers | Keep your own ecosystem safe and ensure that the content created on your platform doesn’t violate your policies, the policies of any secondary market, or cause any harm to your customers.

  • Collectors | Preserve the value of your NFT portfolio and find opportunities to acquire new pieces.

Check out this video showing Optic’s Realtime Copymint API in action in Opensea:

Team / Funding / Backers / Other Info: Last July 2022, Optic, a San Francisco, CA-based web3 AI company, closed an US$11m seed round of financing. The round was led by Kleiner Perkins and Pantera Capital, with participation from Greylock Partners, Lattice Capital, OpenSea, Circle, Polygon, CoinDCX, Neon DAO, Flamingo DAO, and others.

Optic was founded in March 2022 by Andrey Doronichev, a former Director of Product at Google who led Youtube’s Mobile team, and co-founders Roman Doronin and Vlad Vinogradov, AI researchers and former founders of EORA Data Lab.

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