Key Insights After Attending #Devcon2024 in Bangkok: [Part 1] 1/ $16B Cash Buying Pressure from FTX claims in Q4 2024 Mark the 2 remaining dates of “omnibus hearings” scheduled for November 20, and December 12 and check what happened after the first one on October 22. All the way up IMHO, BTC to 180k in Q2'2025. NFA 2/ VC Challenges Many venture capital firms remain heavily illiquid. Raising N+1 funds remains difficult for existing funds due to poor performance. I expect to see plenty of new funds appear in Q2 2025 leveraging BTC price action but they'll be late to the party and we will not see them in the next cycle. 3/ Monad vs. Solana -> I do Believe, MegaEth vs. Solana -> I do not Monad Labs made it clear at Demo Day - "we want to challenge Solana Foundation and we'll grind for highly transactional retail-focused businesses - betting and gaming. Keone Hon and team CULTivate 4/ DeSci is a Category to Watch out CZ met Vitalik at DeSci event. Speculation is rife about how many pitch decks are being drafted in this category. If one gets funded, it could be a banger. 5/ Devcon Holds Tier 1 Conference Status but it's not longer Ethereum only The event boasted an incredible venue, over 700 side events, and a strong presence from major ecosystems like Solana, Sui, Monad, Base, Bera, Ton, and Polygon. 6/ Panel Focus: Tech-centric A clear need exists for panels centered on consumer applications and growth strategies. Considering stepping up as a host of a "Consumer Day". 7/ Infrastructure Projects aim to position themselves as middleware yet struggle to define their target users. 8/ Applications heavily lean towards memes and betting—reminiscent of Ethereum and Tron’s early days. 9/ Top Side Events: Stanford BASSLite for quality engagement, Crypto Pool Party by JustMoney x Twiskers for seamless UX https://lnkd.in/dJu4VEai https://lnkd.in/d-nJ6Giz The highest-quality sessions were hosted by Stamford, where attendees often stayed engaged for up to six hours. I have never seen that many VCs staying in one place for so long 10/ Avoid Mentioning You're an Angel or VC: Keeping your investor status undisclosed leads to better, more genuine conversations. "Wanna-be" founders quickly lose interest, while truly bullish founders drop the pretense and become more authentic. 11/ Word App's Potential: Worldcoin reportedly delivers KYC-verified users with zero marketing spend, a potential game-changer for user acquisition. 12/ Thailand Observations: Notable extremes: high humidity, traffic, stark social disparities, and local cuisine that, while good, feels overhyped (especially by Western attendees). I'd not live there but spending a week or two is worth it.
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Exciting news! We're participating in the Solana Renaissance hackathon organized by Colosseum with two project submissions. https://lnkd.in/dUh-U2KA At Rakurai we are focused on building high performance infra that will meet the demands of the web3 future. Our first project in the hackathon features our high TPS Solana client based on the SIMD83 proposal that we are collaborating on with Solana. This will unlock up to *30% higher staking yields while enabling Solana clients to handle up to *5x the current TPS. (https://lnkd.in/dP5eafuv) Our second project is a Crypto drop copy solution that will feature realtime PnL tracking, trade alerts and risk management for wallets. It is appealing for retail clients, prop trading as well as institutional trading as it provides a secure/permissioned tracking option. (https://lnkd.in/d4-sXFtS) Stay tuned for more! *projected #solana, #defi, #tps, #crypto, #dropcopy
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Best Crypto Launchpool Platforms for Staking in 2024 Discover the top crypto launchpool platforms for 2024 by exploring which ones offer the strongest returns through staking new projects. https://lnkd.in/dVZVTeXZ #cryptolaunchpool #launchpool #cryptostaking #cryptolaunchpoolplatforms
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As we celebrate the first anniversary of our Y Combinator demo day, we're flooded with emotions, reflecting on our incredible journey. Building a Bitcoin company amidst a crypto winter was challenging, especially after the fall of FTX. But it's these challenges that have truly defined our resilience and determination. Back in November 2022, as FTX collapsed, the crypto industry plunged into a winter, leaving new customers nervous and investor conversations in limbo. However, amidst the uncertainty, we pressed forward and applied for the YC W23 batch in December. Against the odds of late application, we secured a spot, joining as one of the few "crypto" companies amidst a sea of B2B SaaS and AI startups. The YC journey, however, wasn't without its hurdles. The collapse of Silicon Valley Bank in March 2023 shook the VC and tech ecosystem, casting a shadow on fundraising prospects. But amidst the chaos, Bitcoin's surge in price (from $18k to $27k in a couple of days) following the bank collapse shed light on the value proposition of Theya (YC). Over long periods of time, bank runs are quite a normal phenomena. Against this backdrop, we persevered. We became one of the rare crypto startups to secure a seed round in Q1 2023, concluding 90% of our target fundraise before the YC Demo Day in April 2023. The first few months were turbulent, with risks looming at every corner. Yet, we view these challenges as catalysts, propelling us forward and reinforcing our conviction in what we're building. Despite the uncertainties, Vikas Choudhary, Sriram Bhargav Karnati and I stayed true to our vision, and with unwavering confidence of trust from our customers and investors, we've not only weathered the storm but emerged stronger. As we continue through uncharted waters, we're thankful for the wisdom we've picked up along the way and the extraordinary people around us. Here's to tackling challenges head-on, turning them into opportunities, and building a future where our creativity knows no bounds!
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Founders be like: Where’s my Hokage of a VC? Scrooge gold. Corleone connections. Ramsay sharp instincts. Maxed out Necro rezzing dead users, AoE pulling new ones into the funnel. Meanwhile, they’re just level 5 questing in the village?? Manage your expectations—when building, fundraising, or pitching your tokenomics to VCs who just nod. When launching airdrops, praying they don’t get farmed by bots. When you list your token, and hope it wont get dumped faster than a meme coin on Binance. When you promise revolutionary utility, but all anyone wants is rewards When the DAO votes... and it’s just you and two wallets you funded voting yes. When your protocol launches and gets outperformed by Goatseus Maximus shooting from the hip. When you’re sure your tokenomics are bulletproof, but it turns out you just reinvented a Ponzi. When the next bull run is your entire runway strategy. Calculated moves only.
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🔥UmojaProtocol joins Ignition! Another launch is approaching Ignition. Umoja pioneers the world's first smart money protocol, empowering anyone to craft smart money. By integrating automated investment strategies into digital assets, Umoja enables tokens to autonomously trade, protect against market volatility, and optimise yields. Their beta has already launched on Arbitrum and Ethereum, generating over $2.5 million in notional volume in just a month since its launch last month. ⚡️Team Umoja Labs is composed of alumni from Goldman Sachs, ConsenSys, RBS, Credit Suisse, Santander Bank, Valora, and Celo. 🤝Backers and Partners: They have also effectively concluded a $2 million extension to their initial seed funding round, elevating the total raised amount to $4 million from their backers and investors. Coinbase Ventures Blockchain Founders Fund 500 Global Norrsken Avalanche Blizzard Fund QuantStamp Orange DAO 3Commas Selini Capital (amongst others!) Launch Details: Date: TBA Total Raise: $6,000,000 Token Price: $0.10 Raising on: Arbitrum Method: Private Vesting: 10% TGE, 90% daily distribution spread over 8 months 👁️ Keep an eye out as we shine the spotlight on Umoja in the coming days and unveil more details about our upcoming launch! While you wait, register your account at https://lnkd.in/dGeyaABN
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I’ve recently posted about how accelerators are key for bringing decentralization to life because they foster community, something very important for growth, and how this doesn’t necessarily come down to having the most capital. But I think looking at capital and how it’s been allocated in Web3 is important, particularly in this period of renewed stability we find ourselves. We all saw the initial first push of VCs and PE firms to get in on this new industry in 2021 and early 2022, and then the steep drop off from the sky high funding thereafter because of inflation, higher interested rates, and the FTX debacle and all of its follow-on effects. Currently, funding for Web3 companies has increased 55% in Q1, a strong sign of interest along with the 36% uptick in deals. And it’s no surprise the most popular places for money are in AI and gamings. Deals for seed rounds are also currently popular, with these and Series A rounds almost doubling inflows over the Q4 2023. So, while funding isn’t at 2021 levels, it’s come back to a more stable, conservative flow, a trend that usually happens in disruptive sectors after significant booms. Thus, overall, the Web3 investment landscape is looking promising. Keen to hear your thoughts on this below, and we can always catch up and have a chat about this June in Paris at Proof of Talk. https://lnkd.in/dN2SHAEd #PoT24 #ProofOfTalk #Web3 #VC
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Sanctum is excited to share that we have closed a small seed extension round, bringing our total funds raised to $6.1m, with participation from founders and angels of the Solana ecosystem. We are also grateful to the continued support of the funds from the earlier round; our lead investor - Dragonfly; CMS Holdings, LLC, DeFiance Capital, Jump Crypto, Peak XV Partners, Solana Labs amidst others. Sanctum has been powering the liquid staking ecosystem with our infrastructure stack since 2023 - ensuring infinite liquidity for all LSTs. In 2024, we'll be focusing on two products - 1) Sanctum LSTs and 2) Infinity. The infrastructure stack has been built so the Cambrian explosion of LSTs can begin. Apart from the 13 Validator LSTs we've helped to deploy, expect to see many more, and with unique mechanics that truly push the boundaries of what a LST could be. Our latest product Infinity is a never-done-before primitive built from scratch for liquid staking on Solana to facilitate price efficient LST-LST swaps. Users can deposit SOL or any LST into Infinity to earn aggregated staking returns from LSTs in Infinity, in addition to trading fees. The Infinity program will be built upon to reshape the future of Solana staking, and to enable the use of Solana's growing economic security. Come join us in our mission to build the infinite-LST future!
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I’m going to Token2049! And I’m giving something away for free… The offer is at the bottom, but first… It’s the first crypto conference in awhile I’m excited about. Austin was too hot and Nashville was a mess. But Singapore should be fun! While I’m gonna be busy with our crypto clients like LimeWire, Polkadot, Exodus Wallet and Bitlayer - to name a few - I am genuinely excited to meet new people and see some old friends like Alex Baghdjian Gareth Jenkinson Keli Callaghan and Jonathan Anastasia. Now my offer! I’ve been doing crypto PR for 7 years. Clients include Ledger, Anchorage, Uniswap, bakkt, Algorand, Monero, Ren Protocol, CoinList, Origin Protocol, Kadena and Augur - to name a few. I’d love to meet with people and projects who wish their projects got more media coverage and online attention. But this isn’t a ploy to pitch Ditto PR. We are at capacity and probably too expensive for most projects. What I truly want is to meet and give away as much free PR advice as possible. I can’t stand PR people who say “You know they pay me for this!” Piss off. I genuinely enjoy meeting people and giving them as much help and advice as possible, which lots of times includes me telling them NOT to hire a PR firm. So, if you are going to #token2049 or you know someone who is, comment or tag them below. I’m going to tell you how to pitch, how to build online awareness and what is and isn’t newsworthy about your project. I’m committing 2 hours every morning and every afternoon to sit down with anyone who asks. My telegram is @TreyDBK and my cell is 512-619-1243 (and WhatsApp). #crypto #PR #PublicRelations #Web3
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The Solana Radar Hackathon, Presented by Colosseum is coming this September 2 to October 8. With a fresh $60M in deployable funds (Colosseum Funds I), we are in search for the next 10x builders, founders, breakout projects and applications on Solana. Para sa mga PH Startup Founders, Young Entrepreneurs & Founders, especially sa mga nasa Web3 na, these are what at stake: - Cash Prizes in USD (HUGE AMOUNT!! 🤑) - Exclusive accelerator programs (with solid mentors/advisors), and - Investments follow for those that take the competition seriously. Over 100s of start-ups have been discovered in these programs, raising over $600 Million collectively. Time to shoot your shot. Last March 4 to April 8, the Colosseum presented the Solana Renaissance with over 8,300 participants and 1,071 final projects submitted to over 60 judges and collaborated with several big names in the ecosystem such as Symmetry, Phantom, IOnet, Pyth Network, Orca, Solana Mobile, Squads, and Brave joined the Solana Foundation as sponsors for the hackathon. 11 projects who took the competition seriously got admitted into the Colosseum Accelerator Program, the Y-Combinator of Solana with a $250K check as part of their seed investments. Congratulations and massive s/o to these projects: @torqueprotocol @meshmapxyz @OREsupply @Dbunker_Network @Rakurai_io @urani_labs @DeCharge__ @banger_lol_ @runepunklegends @blockmesh_xyz @MetaDAOProject With that being said, we will be preparing for the next global hackathon and will be setting up IRL and virtuak team formation, mixers, ideations and workshops through our BUIDLSTATIONS. Hope to see you there! Register now 👉 https://lnkd.in/gCnEpGPa
Introducing the Solana Radar Hackathon, running September 2 - October 8, 2024. 📡 Get ready to build your new crypto startup and compete online to be discovered by the Solana community. More details coming soon... Register now: http://colosseum.org/radar
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3 priorities we are focussing on in 2025: 1) Bringing even more top talent & founders on-chain and ensure access to capital 2) Connecting with institutions for growth and credibility 3) Supporting Solana hubs beyond Berlin—Ulm, Munich, Aachen, and more! Let us know about any other ideas in the comments!
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CEO & Founder ConnectWeb3 Philippines - HELPING WEB2/WEB3 COMPANIES | RAISING FUNDS | CONNECTING THE DOT | BUILDING AWARENESS | GLOBAL EXPANSION | BRAND & COMMUNITY BUILDERS | MARKETING STRATEGIST | PH AMBASSADOR
3wThanks for sharing Nazarii Hrechanyk , I'm agreed on some points. Hope to see you soon in other events.