Radhika Parashar’s Post

🚀 Building in Web3 has been a wild ride! 🌐 At Wind.app, we're all about revolutionizing global money movement with blockchain and stablecoins. The tech is mind-blowing, but integrating with traditional finance? That's been a real challenge. Today is still a Fiat world, regardless of all the cool stuff that's been built in the web3 space: Decentralization, ZKP, Depin, Gamefi, Tokenization of RWA, etc. Customers are still paying and getting paid in $$$. 1.5 years into the journey, here are some of the learnings we made at Wind.app: 🤔 Innovation vs. Regulation: When we founded Wind, our vision was to create a fully decentralized platform, eliminating the need for licenses by collaborating with traditional financial services, liquidity providers, and exchanges. However, compliance proved to be a challenging journey. To start serving customers immediately, rather than waiting for the industry to catch up, we pursued our own PSP and VASP licenses. After a year of hard work, countless meetings, and meticulous document reviews, we have secured a Payment Services License in the UAE and a VASP license in Lithuania. Shout out to the folks AJMS Global and Vivek Mundhra for their unwavering support throughout this process! 🔄 Collaboration is Key: Working with regulators and financial institutions is crucial for our mission. We're all about bridging the gap and making finance more inclusive. We couldn't serve our customers today without providing essential fiat rails. Despite ongoing misunderstandings about using stablecoins for cross-border payments, our banking and FI partners are dedicated to educating the ecosystem. Our combined efforts are paving the way for faster, cheaper, and more efficient transactions. 🚀 The Future is stablecoins payments: Despite the hurdles, we're excited about what’s ahead. Web3 is transforming finance, and we're proud to be part of it. We would not have been able to do that without the trust of our customers. While we still help lots of Web3 companies with their treasury needs and money movements, our goal is to widespread the use of stablecoins to traditional businesses. So for all web2 companies using Wind.app today, I'd like to extend my gratitude for your trust and support. 🔕 We will keep building our rails and bring real use-cases for leveraging stablecoins and self-custodial wallets. Thanks to the entire Wind.App team for your dedication over the last year and looking forward to building an optimized cross-border payments ecosystem. #Web3 #Blockchain #Fintech #Innovation #WindApp

Cryptos are not securities? Matt Levine writes for Bloomberg: "US securities law exists mostly to prevent swindling in the sale of securities. This creates several problems for crypto: 1. Some crypto projects are in fact swindles, and securities law is bad for them. 2. The main way that the law prevents swindles is by requiring disclosure by securities issuers, and the disclosure rules are not well adapted to crypto, meaning that even a non-swindle crypto project will have a hard time registering its tokens and complying with US law." The disclosure rules are equally onerous to all but particularly onerous for start-ups. Crypto is not well adapted to comply with these rules because all crypto projects are essentially start-ups whose utility are entirely aspirational (some after more than a decade). "3. The law empowers the US Securities and Exchange Commission to regulate securities, and the SEC hates crypto and does not do anything to make registration easy or even possible." The question is why should the SEC make registration easier just because you issue tokens rather than shares? Same risk, same rules. "4. Most critically, perhaps, the law also regulates securities exchanges, and it is hard for a crypto exchange to register with the SEC as a securities exchange. So the SEC can go after crypto exchanges for illegally listing crypto tokens that are securities. And the SEC has done that, suing Coinbase Global Inc. and other crypto exchanges for operating illegal securities exchanges." We are by now all familiar with the industry's "defence": "[T]he industry’s response has been to argue that these crypto tokens are not securities." But astonishingly: "[L]ast July a federal judge in New York was persuaded, issuing a puzzling ruling in the SEC’s case against Ripple Labs Inc. finding that Ripple’s XRP token is mostly not a security." This led to much puzzlement: "I thought that perhaps I had it all wrong, and crypto tokens really are a get-out-of-securities-law-free card: You can raise money for your business by selling quasi-stock and calling it a token, you can do as much fraud as you want, and the SEC can’t do anything about it." However: "Since then, though, the SEC has been on a winning streak against crypto. Shortly after the Ripple decision, another New York federal judge issued a decision in the SEC’s case against Terraform Labs and its founder Do Kwon, finding, no, of course Terra’s tokens are securities. And last month, a different New York federal judge ruled that the SEC’s case against Coinbase can go forward: “The ‘crypto’ nomenclature may be of recent vintage,” she wrote, “but the challenged transactions fall comfortably within the framework that courts have used to identify securities for nearly eighty years.” ... And then last week the SEC won its jury trial against Terra." Regulation is coming. https://lnkd.in/gi-xNRCf

🌐 Explore the future of #Web3 & its growing infrastructure in India! 💡 From groundbreaking applications to #regulatory conversations, discover the evolution of #technology shaping Web3's future. 🚀🌏 Read more👉 https://lnkd.in/gSmH-nFt

Envisioning the Future: BWA's Appeal for Growth of the Web3 Sector in India! India's growing Web3 sector consists of over 1000 startups, representing a significant portion of the world's Web3 developers at 12%.  To secure a prominent position in this dynamic landscape, it is imperative to cultivate a supportive and regulated environment. We, therefore urge the government to recognize and harness the potential of Web3 technologies through the following suggestions:  1️⃣ Recognition for the Web3 sector under various government initiatives such as Startup India. 2️⃣ Steps towards regulatory clarity taking forward the G20 agenda for Web3. 3️⃣ Enhanced focus on initiatives such as regulatory sandboxes, hackathons etc to foster the startup innovation culture in India. 4️⃣ Greater efforts to harness the developer talent pool and upskilling to prepare a workforce for emerging technologies. 5️⃣ Ease of Doing Business by providing accessibility to C-KYC and banking services. 6️⃣ Rationalising the taxation framework to position India as a global Web3 hub The BWA has been working closely with the government to create a conducive environment for the sector. We humbly request the government to look at our requests and include our asks in their immediate action plan to foster the growth of the ecosystem in India. Read More: https://lnkd.in/dg3ZqTEr Dilip Chenoy #Web3India #BlockchainRevolution #InnovationForAll #web3 #BWA

Embracing a New Era for Swaap Labs We’ve made a strategic decision to sunset our consumer-facing products, Swaap Maker and Swaap Earn, to focus on what we do best: on-chain market-making technology. This shift aligns with our mission to build efficient, capital-optimized trading infrastructure that will drive the future of DeFi. Since our launch, we’ve achieved key milestones: - 3 protocol versions - 0 security incident - >$1 billion in trading volume. However, scaling TVL and broader adoption of consumer products proved challenging. After careful consideration, we’re focusing on our core strengths to make a more substantial impact. We know many users were looking forward to our token launch. While those plans are on hold for now, we’re committed to acknowledging our loyal supporters if we revisit a token-based model in the future. In appreciation of our community, we will also return all fees earned by Swaap Labs directly to vault users. In the meantime, we’re excited to announce partnerships with two platforms that offer new ways for our users to engage with Swaap’s technology: 1️⃣ Euler Labs: Euler is a permissionless lending protocol that specializes in capital-efficient lending on Ethereum L1. Users can lend assets like ETH and USDC on Euler, enjoying a similar experience to what Swaap Earn provided while benefiting from Euler’s secure, innovative collateral systems. 2️⃣ PWN: PWN is a decentralized, peer-to-peer lending marketplace available on multiple chains, including Base, BSC, Polygon, and Arbitrum. This partnership provides secure lending opportunities with the high-yield strategies users have come to expect from Swaap. This pivot wasn’t an easy decision, and we deeply appreciate our community’s trust and patience as we adapt. We look forward to this new chapter and to continuing to shape the future of DeFi. For the full announcement and more details: https://lnkd.in/ecXn-hdS

Interesting news about the RWA (Real World Assets) The prediction is to have a growth of 50x until 2030. Below you have a report about it. At MetaWealth™ the goal is to have a 100% ROI having the compound effect of reinvesting the money with the profits for 6 years and this is a conservative perspective because a simple calculation of reinvesting with a 40% aprox. return in 2 years takes the investment of more than 100% ROI as follows: 100.000 Euros invested in 2 years you get 140.000 Euros 140.000 Euros invested in 2 years you get 196.000 Euros 196.000 Euros invested in 2 years you get 274.400 Euros So with 100.000 invested with the compound effect you make 274.400 Euros. This investment is passive in Real Estate. We do the work for you. All the documents are transparently added in the app. A surprise will come soon and some X`s in profit will be able to be achieved within our App, besides the traditional investment in Real Estate. Stay tuned! #realestate #fintech #passiveinvestment #tech #techstartup #startup #finance #newtrend #futuretrend

Uniblock is a proud member of Alliance class 11 alongside companies like Pump.fun (https://pump.fun), Daos.fun (https://www.daos.fun/), and Moonshot (https://moonshot.money/) . Alliance demo day 13 is happening today, congratulations to the following companies, excited to see what the next big breakout hit in the web3 space will be! Offramp Labs - A stablecoin bank on Telegram founded by Luc Loja solving the problem of stablecoin users in emerging markets relying on local and P2P exchanges to convert their stablecoins into fiat for real-life transactions. This is expensive, with fees ranging from 3-8% and often results in users' bank accounts being frozen for receiving crypto-related payouts. Starpower Network - DePIN for Energy, building the largest user-powered virtual power plant founded by Laser Ding & Darcy Jia. They solve the significant volatility added to the global power grids that has come with the transition to renewable energy worldwide since wind and solar are intermittent energy sources they do not provide a consistent power supply which leads to a mismatch between energy generation and consumption. Amihan Entertainment - Amihan is Zynga for Telegram, and Farm Frens (https://farmfrens.com/) is their first successful game created by Paul Loy & Kenneth L. Datahive (https://datahive.xyz/) - Distributed AI data collection created by Kanstantsin Chernysh & Vol P. where they noticed AI model training requires vast amounts of web data, but over 55% of websites block AI crawlers, creating a severe data bottleneck for AI companies. WavLeaks - Pump.fun for Songs created by Joey I. aimed at streaming services which, while saving the music industry from digital piracy and successfully commoditized music, every fan now however has to pay the same cheap subscription fee. Artists never get to upsell passionate fans, leaving an unserved market on the table. Whalefare (https://lnkd.in/duzFDkrt) - Speculative CandyCrush created by Yujia Cao. She noticed that crypto games continue to capture attention, while speculative players hop from one game to the next. Qiro Finance - A marketplace for RWA Underwriting created by Akshay Poshatwar & Nishikant Bahalkar after noticing that Private credit on DeFi has suffered 4x higher losses than in TradFi (traditional finance). Kiss or Rug (kissorrug.xyz) - Game-Theoretic Dating App created by Abhilash Inumella after seeing that dating app users repeatedly run into adverse selection because matching algorithms often show attractive profiles to keep users hopeful. Force Prime - Prediction Market for Strategy Games created by Anton Tiulkin, Nick Lipin, Anthony Kozlov after seeing that speculation is one of the biggest PMFs in crypto and that games excel at retention. P2P.me - Zk-enabled Stablecoin Ramp for India created by Pratik Agerwal & Sandeep M. RPS.live - Twitch for Money Games created by Coco Chen & Perseus Yang, players buy into games & earn cash in casino & skill-based games etc.

The role of MPC in market-leading companies' strategy  #2 Circle On Circle, OJ Simpson's glove, Flywheel effect and Wallet-as-a-Service. **This analysis is for informational purposes only. The opinions expressed are independent and unaffiliated with Circle or CYBAVO ** Operating a Wallet-as-a-Service service as a standalone is extremely challenging. The competition is fierce and the market is not expanding quickly enough to support so many players. However, for some companies, this model fits perfectly, like a glove to OJ Simpson’s hand. Circle is one of those companies.   In June 2022 Circle announced the acquisition of CYBAVO, a crypto infrastructure company, based on Multi-Party Computation (MPC). In the announcement blog, Circle mentions they intend to incorporate CYBAVO’s products into a new product pillar to advance the adoption of USDC and Web3 apps. Indeed, in August 2023, Circle launched their Programable Wallets offering (aka Wallet-as-a-Service) as part of a Web3 Services line. Alongside other products like CCTP, Circle allocated significant resources to creating a robust infrastructure product stack, aimed at builders. So, beyond a natural desire to expand the product line to additional pillars, what is the business logic here? 1. More Usage = More Revenue: Stablecoin issuers have a money-making machine. Every time a user buys or sells stablecoins, typically the issuer will earn a fee. Additionally, stablecoin issuers generate revenues through interest income on the fiat currency reserves they hold. 2. Product Stickiness: By providing wallet infrastructure, Circle can achieve greater product stickiness, which they lacked before as solely a stablecoin issuer. They can now identify and offer incentives to users or wallet operators for holding and using USDC, subsidize gas fees for USDC transactions only, set USDC as the default currency, and more. 3. Company Level Synergy: This flywheel effect also means that even if Circle is not making a profit on the Wallet-as-a-Service product as a standalone, it can still be a very lucrative play for Circle as a company. To conclude, this strategy is quite effective. There are other companies with a similar flywheel effect between their main product offering and an MPC-based product. More on that in the next time.

We’re excited to announce that RedStone Oracles, Bering Waters portfolio company, is attending Devcon 2024 in Bangkok from November 10 - 15. Meet the team: - Jakub Wojciechowski, Founder & CEO - Marcin Kaźmierczak ⛓️, Co-Founder & COO - Matt (Mateusz) Gurbiel, Head of BD - Filip Rogalski, BD Manager - Maja C., Product Marketing Lead - Jakub Jaworski, Growth Lead  - Mikołaj Stańdo, Marketing Specialist The RedStone team is looking forward to meeting project founders and investors attending #DEVCON2024 to explore synergies and discuss collaborations. Marcin is speaking on November 10 at a panel during unStable Summit on the topic ‘‘Risky Business; Balancing Financial & Technical Risks in Stablecoin Protocols.’’ He will be joined by Michael Lewellen, Head of Solutions Architecture at OpenZeppelin, Ivan Kozlov, Co-founder at Resolv Labs & Omer Goldberg, Founder & CEO at Chaos Labs. The panel will be moderated by Jack Sanford, CEO at Sherlock Protocol. RedStone is sponsoring De.Fi World 2024, the ultimate gathering for De.Fi enthusiasts to innovate, collaborate, and shape the future of finance, hosted by De.Fi on November 11. Get ready for a fun evening on November 13! RedStone is hosting 'Zircuit Sing Sing,' featuring networking, drinks, & fun times. Co-hosted by Zircuit & GoPlus Security. Don't miss it out!  https://lnkd.in/e66zGF6n RedStone Oracles recently completed a successful $15M Series A fundraising round led by Arrington Capital. This significant milestone will fuel the expansion of RedStone’s innovative Modular Oracle product, positioning RedStone at the forefront of innovation in the booming DeFi market & providing reliable data for both EVM & non-EVM ecosystems. RedStone is ranked 6th multi-chain oracle as for its Total Volume Secured across chains, providing data from 200+ data sources, covering 1,200+ assets. The oracle is instantly integrable with 50+ blockchains & has the potential to be launched on any chain. RedStone has also built Warp Contracts: smart contracts on Arweave, where 300,000 interactions can be loaded in 2 minutes instead of several hours. RedStone Oracles is backed by — Arrington Capital, Coinbase, Amber Group, Blockchain Capital, White Star Capital, Maven 11, Lemniscap, The Spartan Group, & prominent angel investors such as Stani Kulechov, Sandeep Nailwal, Alex Gluchovski, & Emin Gun Sirer, as well as Bering Waters Ventures. Any questions? Ask the team on RedStone Oracles Telegram Community Chat: https://lnkd.in/eZJhyvCY To schedule a meeting with RedStone at #DEVCON2024, contact: Matt Gurbiel, Head of BD, at RedStone Oracles Telegram: @mattgurbiel Email: matt @ RedStone.finance Follow the growth of Bering Waters Group companies & partners: Website: www.beringwaters.com Twitter: https://lnkd.in/guAZuwyx Linkedin BW Ventures: https://lnkd.in/eZdmp5Sp Careers and Freelance Opportunities: https://t.me/BWG_Careers Telegram DM: @Contact_BeringWaters