State of Web3

Our event with Product Hunt, and an action packed week in Web3

Jun 26, 2022

Good morning 💫

This week, we hosted an event on the state of Web3 with Product Hunt. Next week, we’re talking about how real estate will use blockchain. As always, we have the best Web3 news from the week.

What’s happening in Odyssey

Last week, we hosted:

A space on the state of Web3 with Product Hunt. Recording here.
A space on the state of black in Web3 with BlackLeadersDAO. Recording here.
Our weekly study group, discussing public and private keys. Summary here.

Next week, we’re hosting the following events:

How will real estate leverage blockchain technology? - Wednesday, 29 July 2022 5 PM PST. Register here.

Weekly study group - Thursday, 30 June 2022 8 AM PST. The topic for this week is Inflation, Recession and what it means for Web3. Register here.

You will find all future Odyssey events here 💫 . Also, check out our free learning guides.

What’s happening in web3

We recommend reading this deep dive on Web3 use cases by Packy. This is the first part of a two-part series.

Packy McCormick @packyM

Today, as it stands, web3 has real use cases. Jumping back into the web3 use case debate with the first of a two-parter. Part I is all about disruption theory and the use cases that exist today. notboring.co/p/web3-use-cas…

Solana announced a mobile SDK called Solana Mobile Stack. They’re also going to be launching a phone called Saga.

R◎BIN @RobinCordini

People talking about @solana releasing a $1000 phone and having to take on Apple and Samsung are missing the point Here’s what’s going on 🧵 1/

The Norwegian government is using Arbitrum to build a cap table platform for unlisted companies.

Arbitrum @arbitrum

Earlier today the Norwegian government announced they're using Arbitrum to release a cap tables platform for unlisted companies. We're very excited to see that Arbitrum is enabling the world to leverage the security of Ethereum! 🌏

jonramvi.eth @JonRamvi

Major announcement: European nation embracing public Ethereum. The Norwegian Government just announced that they are releasing a solution on public Ethereum: A cap tables platform for unlisted companies. 🧵 @EF_ESP @arbitrum @ConsenSysCodefi @ceramicnetwork @ChrJentzsch

Doodles announced a fund raise from Alexis Ohanian’s 776 capital.

AlexisOhanian7️⃣7️⃣6️⃣ @alexisohanian

As an early @doodles holder (I bought a slew that looked like my daughter like 8 months ago) I was thrilled when my partner at @sevensevensix, @katelin_cruse, told me we'd be leading the first round of financing for Doodles.

Eminem and Snoop Dog announced a new video featuring BAYC at ApeFest.

EthanDG 💎🧪 @0xEthanDG

EMINEM AND SNOOP AT APEFEST 🤯 @BoredApeYC

Shopify announced token gating on its stores. Brands can gate products based on ownership of an NFT.

Decrypt @decryptmedia

E-commerce giant @Shopify is adding a token-gated feature that allows brands to offer exclusive perks to NFT holders. decrypt.co/103584/shopify…

Magic Eden, the Solana NFT marketplace, raised $130 million at a $1.6 billion valuation.

Magic Eden 🪄 @MagicEden

gm, dropped a Series B and we’re now a $1.6B company after 9 months. We don’t take any of this growth for granted. YOU, the creators and communities, have made our wildest dreams possible. @GreylockVC @ElectricCapital @lightspeedvp @paradigm @sequoia

bloomberg.comBloomberg - Are you a robot?

FTX’s Sam Bankman-Fried injected $250 million of capital into BlockFi.

SBF @SBF_FTX

1) Today we’re injecting $250m into BlockFi and partnering with them so they can navigate the market from a position of strength.

Zac Prince @BlockFiZac

Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength.

dYdX, a trading platform, is launching its own chain on Cosmos.

dYdX @dYdX

We’re excited to announce that dYdX V4 will be developed as a standalone Cosmos-based blockchain! 🔗🎉 dydx.exchange/blog/dydx-chain

dydx.exchangeAnnouncing dYdX ChainRebuilding dYdX as a standalone Cosmos based blockchain featuring a fully decentralized, off-chain, orderbook and matching engine.

As always, join our community to check out more events, contribute to a project, and stay up to date. Until next week!