Advisory in Blockchain. NFT. Metaverse. Marketing. Community builder. Web3 Matters - Book Author. Association Blockchain Asia - Founding Vice President
Here are some general thoughts for those raising capital right now. We’re (hopefully) past the days of $100M valuations with zero product. Consider these observations with a grain of salt:
Pre-seed: You have an idea or thesis and are building conviction. Valuations are around $5-10M, raising between $300K-1M. Avoid raising too much to prevent massive dilution.
Seed: You’re seeing signs of life with some traction and are working to build out the product more. Typical raise is $2M on a $20M valuation. Traction varies by vertical, so compare with competitors. Growth velocity is also important here.
Series A: Time to scale! Valuations can vary wildly, often $50M+.
That's a quick rundown of the current fundraising landscape. It’s definitely wild out there!
In crypto: If you have fees show fees no fees show transactions no transaction show users no users show TVL no TVL show trading volume no trading volume show market cap No market cap show token holders no token holders show wallet connects no wallet connects approval go home
Attending the TOKEN2049 event in Singapore offers numerous benefits:
Cutting-Edge Insights: Learn from leading industry experts about the latest trends and innovations in blockchain and cryptocurrency.
Networking Opportunities: Connect with a global community of entrepreneurs, developers, investors, and thought leaders.
Exclusive Announcements: Be the first to hear about groundbreaking projects and technological advancements.
Diverse Speaker Lineup: Gain unique perspectives from over 200 speakers, including industry pioneers and regulatory experts.
Investment Opportunities: Discover potential investments and meet emerging startups.
Regulatory Insights: Stay updated on the latest regulatory developments, especially in the Asia-Pacific region.
DeFi and NFT Focus: Deep dive into decentralized finance and non-fungible tokens through dedicated panels and discussions. Hands-On Workshops: Participate in practical workshops and technical sessions for hands-on experience.
Access to Innovation Hub: Explore the latest tech and solutions from startups and established companies.
Cultural Experience: Enjoy Singapore’s vibrant culture and dynamic tech ecosystem while engaging with industry leaders.
Overall, TOKEN2049 provides a comprehensive platform to learn, network, and explore the future of blockchain and cryptocurrency in one of Asia’s leading financial hubs.
The crypto markets have experienced a significant downturn in the last 48 hours due to six main factors:
1.US Recession Fears: Recent job creation and unemployment data fell short of expectations, raising concerns about a potential recession. Additionally, the Federal Reserve did not cut interest rates last week, suggesting a possible rate cut in September, which many fear might be too late. This uncertainty led to a $2 trillion dip in equity markets.
2.Bank of Japan’s Interest Rate Hike: Japan increased its interest rates from 0.1% to 0.25% due to inflation concerns. This move has negatively impacted carry traders who borrow Japanese Yen at low rates to invest in higher-yielding assets. The rate hike has made these trades unprofitable, leading to liquidations and a stronger Yen, further reducing the profitability of reverse carry trades.
3.Jump Crypto Liquidating ETH: Rumors suggest that Jump Crypto is exiting the crypto business amid an investigation, leading to a significant sell-off of ETH over the past week, exacerbating the market decline.
4.Dwindling Chances for Pro-Crypto Trump: In July, the crypto market was buoyed by promises from Trump. However, following an assassination attempt, Joe Biden stepped down, and Kamala Harris has revitalized the Democratic base, making it harder for Trump to win the upcoming November elections.
5.Middle East Tensions: Escalating tensions between Iran and Israel, along with their proxies, have raised fears of a broader conflict. Similar tensions in April led to a dip in crypto markets, and there are concerns that this time the situation might escalate further.
6.Mt Gox Bitcoin Distribution: Nearly a decade after its hack and bankruptcy, Mt Gox is finally distributing some of the recovered Bitcoin, adding more selling pressure to the market.
Is there any other reason you think might be contributing to the market downturn? Let me know!
The crypto markets have experienced a significant downturn in the last 48 hours due to six main factors:
1.US Recession Fears: Recent job creation and unemployment data fell short of expectations, raising concerns about a potential recession. Additionally, the Federal Reserve did not cut interest rates last week, suggesting a possible rate cut in September, which many fear might be too late. This uncertainty led to a $2 trillion dip in equity markets.
2.Bank of Japan’s Interest Rate Hike: Japan increased its interest rates from 0.1% to 0.25% due to inflation concerns. This move has negatively impacted carry traders who borrow Japanese Yen at low rates to invest in higher-yielding assets. The rate hike has made these trades unprofitable, leading to liquidations and a stronger Yen, further reducing the profitability of reverse carry trades.
3.Jump Crypto Liquidating ETH: Rumors suggest that Jump Crypto is exiting the crypto business amid an investigation, leading to a significant sell-off of ETH over the past week, exacerbating the market decline.
4.Dwindling Chances for Pro-Crypto Trump: In July, the crypto market was buoyed by promises from Trump. However, following an assassination attempt, Joe Biden stepped down, and Kamala Harris has revitalized the Democratic base, making it harder for Trump to win the upcoming November elections.
5.Middle East Tensions: Escalating tensions between Iran and Israel, along with their proxies, have raised fears of a broader conflict. Similar tensions in April led to a dip in crypto markets, and there are concerns that this time the situation might escalate further.
6.Mt Gox Bitcoin Distribution: Nearly a decade after its hack and bankruptcy, Mt Gox is finally distributing some of the recovered Bitcoin, adding more selling pressure to the market.
Is there any other reason you think might be contributing to the market downturn? Let me know!
CEO Pavel Durov recently announced plans to launch a mini app store and an in-app browser with support for web3 games, aiming to enhance the web3 experience for Telegram's 900 million users.
Key Highlights: Blockchain Integration: - Telegram and The Open Network (TON) blockchain are leading this shift.
Gaming Impact: - Tap-to-earn games like Notcoin, Yescoin, and Hamster Kombat are gaining traction. Notcoin alone helped TON onboard over 1 million wallets². Growth Metrics:
- TON's Total Value Locked (TVL) surged from $300 million in May to over $760 million today. - Toncoin's price tripled this year, rising from $2.30 to over $7.00².
Why This Matters:
Telegram's initiative could make 2024 a landmark year for blockchain adoption. As Durov stated, "2024 will go down in history as the year when hundreds of millions of people became familiar with blockchain"³.
Challenges and Opportunities: - Addressing challenges like combating scams with measures such as displaying account registration dates and principal countries. - Allowing organizations to issue labels for channels, creating a decentralized marketplace for verification².
What's Next? With the $500 billion annual gaming market ripe for disruption, Telegram's integration of blockchain and web3 could be a game-changer.
The biggest catalyst for innovations in Web3 will not be the rate cut or BlackRock buying more Bitcoin. Instead, it could be the election of Trump as President.
I don't typically make political posts or take sides, but this situation is different. The current Biden administration and its allies have been openly hostile towards crypto: - Vetoed crypto-friendly legislation - SEC sued numerous legitimate crypto companies - Gensler labeled almost all cryptocurrencies as securities - Senator Warren campaigned to build an "anti-crypto army" This hostile attitude and lack of regulatory clarity have stifled innovation in Web3, pushed many legitimate builders overseas, and curtailed Web3 VC funding.
On the other hand, Trump has: - Promised to legalize crypto in the US - Picked a VP who holds a substantial amount of Bitcoin - Sold multiple NFT collections, receiving Ethereum - Scheduled to speak at the Bitcoin conference in July 2024
This is why I believe that the election of Trump could be a game-changer. He would likely fire Gensler and appoint a new pro-crypto regulator. We could also see new crypto-friendly legislation signed into law.
These changes would bring much-needed regulatory clarity and give Web3 founders the space to build, spurring significant innovation.
Web2 vs Web3 marketing - the difference you need to understand 🌐💡 Web2 funnel is a linear path. 🚶♂️ You craft a message, push it out, and hope it resonates. It's a one-way street. 🚧 Web3 funnel? More like a web. 🕸️ It's decentralized. It's a conversation. 🗣️ It's not about pushing messages, but building communities. 🏘️ Web2 is about capturing attention. 🎯 Web3 is about fostering participation. 🙌 Web2 relies on data. Web3 thrives on trust. 🤝 Web2 is about the masses. Web3 is about the individual. 🧑 Web2 is selling. Web3 is sharing. 🎁 Web2 is about control. Web3 is about freedom. 🕊️ Marketing in Web3? Build trust. Foster participation. Share values. 🌈 Remember, in Web3, everyone is a stakeholder. Treat them as such. 👥
The market survived: - Mt Gox collapse in 2014 - China banning crypto in 2017 - Covid black swan in 2020 - Luna and FTX incident in 2022 Today we have: - US & German gov selling - Mt. Gox BTC redistribution Not once in history has the market not come back from it.
Understanding of tokenomics is the most important skill in crypto.
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Jay - Web3 Matters
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Understanding of Tokenomics
Understanding of tokenomics is the most important skill in crypto. Initially, when you find a potential coin to invest in, for example on CMC, you see the following: - Market cap (mc) - Total supply - Circulating supply - Fully Diluted Value (FDV)
Basic supply metrics: ✧ Circulating Supply: tokens that are currently in circulation ✧ Total Supply: total tokens that can exist ✧ MC: total value in $ of circulating supply ✧ FDV: total value in $ of total supply understanding these metrics allows you to assess the token's potential ✧ But to do this, you need to know more about them than just their labels ✧ You need to understand how each of them operates and how they can impact the price Supply-There are two paths a token can take: 1. Inflationary token ✧ The token's supply can increase, and this is called emissions Emission is not good cause it usually leads to a decrease in value However, if the emission rate is slow and the total supply is still far away, it does not significantly impact the value 2. Deflationary token ✧ It can also happen that the token supply decreases over time ✧ This occurs when a project buys back tokens and burns them ✧ In theory, reducing the supply should increase the value, but this is only in theory.
Now let's discuss the main factor that determines the launch and life of a token: Allocation & Distribution. There are 2 ways: - Pre Mined (distribution between early investors, team, advisors, etc. ) - Fair Launch (everyone has equal position to buy) Mostly Pre-mind used Why it's important? ✧ Cause if 50% is allocated for investors and there is TGE 100%, investors can dump the token and u become exit liquidity ✧ That's why you need to understand what are: - TGE allocation - Vesting - Cliff There are often the following Distribution receivers: - Private Sale (investors, KOLs, etc) - Public sale (retail investors) - Marketing - Ecosystem (staking, rewards, etc) - Airdrop So we've discussed who receives the tokens, now let's talk about how they sell them. The day of the token launch is called TGE ✧TGE allocation is the percentage of tokens allocated to all the aforementioned individuals (10-20%) ✧ Cliff is the period after TGE and before the next vesting ✧ Vesting is the gradual release of token percentages each month Recently, projects have been adopting a method with a small % TGE (up to 20%), followed by several months of cliff and 12+ months of vesting ✧ This approach is better suited for long-term project success, so it's important to verify all these details before investing. Now, the other side of the coin for the success of any token is demand ✧ This is what motivates people to buy that particular token ✧ For example, the $, despite significant inflation, people still buy it cause they need it to live In general, 4 things drive demand for tokens: • Store of value• Community• Utility• Value Accrual Now about each one separately 👇 Store of value ✧ The next demand factor is that crypto can serve as a store of value ✧ Many people buy crypto simply to store their money in it, such as in $BTC, which is often compared to gold Community ✧ As this cycle has already shown us, a community can strongly drive demand ✧ Meme coins pumped solely because of community ✧ People buy what they think will make them money Value Accrual - Incentivizing for Stakers ✧ People also want tokens to provide some value ✧ So here is Staking, where you lock your tokens to earn rewards at regular intervals ✧ This is also beneficial for everyone and carries a relatively low risk Value Accrual - Incentivizing for Holders ✧ Another option is Holding ✧ So, projects often give rewards/airdrops, etc., to their holders, and this is often beneficial for everyone ✧ But there are even more ways to lower the selling pressure through holding: Holding 1 VeTokens ✧ You can also receive VeTokens for holding tokens ✧ "Ve" stands for Vote Escrow, meaning by locking your tokens, you gain voting power ✧ The longer you hold, the more voting power you accumulate Holding 2 Farm Boosting ✧ Holding can also boost your farming token percentage ✧ The more you hold, the higher your percentage will grow Also, understand that no matter how high the demand may be, it's important to understand Who's Holding. ✧ Strong community or dumpers ✧ This is more challenging to figure out; you need to get involved in the project's community and analyze it. Also, remember an important thing: despite poor tokenomics, a token can rise, and vice versa ✧ Always consider this possibility Below, I've made a list of what you need to check before investing: NO BLIND INVESTMENT: - Total Supply and Circulating Supply - Allocation and Distribution - Vesting period/Unlocking dates - % Emission - Demand ✧ After such analysis, you'll be able to determine whether it's worth investing in the project or not.
Understanding of tokenomics is the most important skill in crypto. Initially, when you find a potential coin to invest in, for example on CMC, you see the following: - Market cap (mc) - Total supply - Circulating supply - Fully Diluted Value (FDV)
Basic supply metrics: ✧ Circulating Supply: tokens that are currently in circulation ✧ Total Supply: total tokens that can exist ✧ MC: total value in $ of circulating supply ✧ FDV: total value in $ of total supply understanding these metrics allows yo
No More Shitcoinery: Giants Protocol Brings Utility To Runes With First-Ever Bitcoin UTXO-Based Digital Asset Creation Platform
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Jay - Web3 Matters
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Giants Protocol Brings Utility to Runes With First-Ever Bitcoin UTXO-Based Digital Asset Creation.
Press release:
Giants Protocol, developed by Giants Planet, introduces a groundbreaking approach to digital asset creation on Bitcoin, leveraging the robust security and extensive liquidity of the Bitcoin blockchain. Giants Protocol represents the world's first digital asset creation protocol utilizing UTXOs (Unspent Transaction Outputs), enabling the creation, management, and upgrading of digital and physical assets. Giants Planet is backed by the Singapore Sovereign Wealth Fund and is committed to building a gamified Bitcoin ecosystem. This ecosystem will enable the creation and gamification of both physical and digital assets, providing a full suite of Bitcoin infrastructure. Introducing Giants Protocol Giants Protocol addresses the challenges of managing Satoshis (SATs), inscriptions, and UTXOs by providing a robust framework for creating and managing digital and physical assets on Bitcoin. This protocol pioneers innovations in the Bitcoin and Web3 ecosystems, rebuilding Bitcoin's foundation with UTXOs to unlock the potential for a wide range of digital assets, extending beyond gaming to include AI and real-world asset (RWA) creation.
Core Functionalities of Giants Protocol User-Defined Asset Creation: Design and define unique assets with specific attributes using metadata. This can include in-game characters, event tickets, real-world asset representations, and more.Scalable Asset Management: Batch deployment through etching streamlines asset creation, eliminating repetitive processes.Interoperable Asset Integration: Facilitates seamless connections and integrations with various digital and physical assets.Flexible Asset Upgradability: Utilize delegate IDs to dynamically manage and upgrade assets with new attributes. Innovative Applications and Real-World Impact The Giants Protocol empowers developers to embed unique in-game assets directly into the Bitcoin blockchain through a process known as "etching," ensuring these assets are permanently inscribed and tamper-proof. This capability could revolutionize the management and tracking of assets such as property deeds, investment portfolios, and rare collectibles in a transparent and secure manner. Giants Protocol's Metadata Management By efficiently managing and processing metadata, Giants Protocol enhances the Bitcoin ecosystem. Giants Planet supports this protocol, ensuring seamless integration and well-organized information. This framework allows users to include metadata, offering additional context such as creation dates and creator details for each asset. Roadmap and Future Developments Giants Planet is preparing to launch its gamification and GPS game in early Q3 2024, aiming to enhance user engagement within the Giants Protocol ecosystem by offering rewards for various activities. Users can earn points through activities like minting and etching, redeemable for prizes such as loot boxes and entries into weekly raffles featuring top-tier runes like $DOG, $RSIC, and $PUPS. Community beta testing has been underway since Q2 2024, providing an early glimpse into the platform's capabilities. Bitcoin's Evolution and Dominance Originally designed by Satoshi Nakamoto as digital gold, Bitcoin's capabilities have expanded significantly. With recent innovations like the Taproot upgrade and L1/L2 solutions, Bitcoin is unlocking new potentials for complex applications. Despite the emergence of Ethereum as a leader in smart contracts and decentralized applications, Bitcoin maintains the largest market capitalization, nearly three times that of Ethereum. This underscores Bitcoin's depth of capital and liquidity, positioning it as a formidable platform for digital asset creation. About Giants Planet Giants Planet is at the forefront of the Bitcoin ecosystem, creating assets and a gamified Real World Asset (RWA) experience with a full suite of Bitcoin infrastructure. Enabling the creation and gamification of both physical and digital assets, Giants Planet utilizes its innovative Giants Protocol to provide a scalable, customizable system for asset management. This approach not only enhances user engagement through rewarding activities but also ensures unparalleled convenience and security for businesses entering the decentralized realm. Supported by the Sovereign Wealth Fund of Singapore, Giants Planet is poised to revolutionize the Asian digital economy and unite the world through its pioneering use of crypto technology. Try it now: https://runes.giantsplanet.com/Twitter: https://x.com/giants_planetDiscord: https://discord.gg/giants-planetRead more: https://medium.com/@giantsplanet/giants-protocol-worlds-first-bitcoin-digital-asset-creation-protocol-6c2b9dcef0a1
Giants Protocol Brings Utility to Runes With First-Ever Bitcoin UTXO-Based Digital Asset Creation.
Press release:
Giants Protocol, developed by Giants Planet, introduces a groundbreaking approach to digital asset creation on Bitcoin, leveraging the robust security and extensive liquidity of the Bitcoin blockchain. Giants Protocol represents the world's first digital asset creation protocol utilizing UTXOs (Unspent Transaction Outputs), enabling the creation, management, and upgrading of digital and physical assets. Giants Planet is backed by the Singapore Sovereign Wealth Fund and is commi
Telegram Games in Trending now. Are you one of them playing game in telegram? share your thoughts here....
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Jay - Web3 Matters
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Telegram-Based Crypto Games in Trending
What Are Telegram-Based Crypto Games? These games operate within the Telegram app, leveraging its vast user base of over 1.5 billion global users and robust communication features. Players engage in simple actions like tapping, swiping, or completing tasks to earn rewards in the form of cryptocurrency.
Integration with The Open Network (TON) Blockchain: TON blockchain integration significantly enhances these games’ appeal among the crypto community.It offers high transaction throughput and security, ensuring that in-game currencies and rewards are securely stored and easily transferable.
New Possibilities and Trust: Integrating TON with Telegram-based games opens up opportunities for in-game economies and decentralized applications (dApps) within the TON ecosystem.Game developers can create more sophisticated and interactive gaming experiences.Players can trust the value and security of their earned cryptocurrencies.
Here’s how Telegram-based games work: Ease of Access:To get started, all you need is a Telegram account.Simply join the game’s official channel or bot, and you can begin playing immediately without downloading any additional apps.Simple Mechanics:Most games involve straightforward tasks, such as tapping on the screen.These mechanics are accessible to players of all ages and skill levels.Some communities even refer to this as “Tap To Earn.”Earning Crypto:Players earn in-game currency or tokens while playing.Often, these in-game rewards can be exchanged for real cryptocurrencies.This play-to-earn model has attracted a large number of users.
Here are the unique advantages of Telegram as a crypto game platform: Community Engagement:Telegram’s group and channel features create a strong sense of community.Players can share tips, compete in leaderboards, and participate in events, fostering interaction and camaraderie.Instant Notifications:Players receive real-time updates and alerts about game events and new missions.This ensures timely participation and keeps players informed.Integration with Crypto Wallets:Many crypto games on Telegram seamlessly integrate with TON-based crypto wallets.This makes it easy for players to withdraw and manage their earnings securely.
Top Telegram-Based Games to Unlock Free Crypto By exploring these games listed below, you can enjoy the dual benefits of entertainment and crypto earnings. Following the hot trend of Notcoin and its success, several crypto games, mainly focusing on Tap-to-Earn, have emerged on Telegram in recent months. Here’s an overview of some popular Telegram-based crypto games:
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