Chainforest Weekly Recap
Greetings Rainmakers! ⛓️🌴
Welcome to the latest edition of the Chainforest Weekly Recap, where you’ll find up-to-date information on upcoming Chainforest DAO programming and industry events, the community feature of the month, a round-up of the most exciting happenings in our Discord this week, and a welcome to our new Rainmaker’s!
The top three channels were: ⚡│connect-potw, 💬│general-chat, and 🎮│gen-gaming.
Champion of the Forest Challenge 🏆🐯
🏆 Champion of the Forest 🏆
Champion of the Forest is an 8-week journey consisting of a series of quests and games in Chainforest. For each quest a member participates in, they will receive TEAM points based on performance. The top TEAM point earners will win prizes! (For full event details, check out our announcement post!)
🏅 Current Standings (After Week 6): The race is heating up! Congratulations to the current leaders:
🥇 Blake Kim (Co-Founder, Head of Product & Community Myosin.xyz) - 117 pts
🥈 Julia Xu (Head of Strategic Partnerships & Community at Scenius) - 99 pts
🥉 Vasanth Thiruvadi (Head of Finance at Chainforest) - 96.5 pts
Check out our leaderboard to see the latest standings
🔎 Scavenger Hunt 🔎
The Chainforest Scavenger Hunt has come to an end after two exciting weeks of community participation. We would like to express our heartfelt appreciation to all the participants for their exceptional contributions and efforts. We were thrilled to witness the diverse range of responses, from expressing gratitude towards members of the community to finding like-minded individuals in the same cities.
🏅 Final Standings: Congratulations Julia Xu and all of the participants:
🥇 Julia Xu (Head of Strategic Partnerships & Community at Scenius) - 44 pts
🥈 Blake Kim (Co-Founder, Head of Product & Community Myosin.xyz) - 35 pts
🥉 Vasanth Thiruvadi (Head of Finance Chainforest) - 28 pts
Check out our leaderboard to see the latest standings
🤝 Support the Forest 🤝
Chainforest is excited to announce the launch of our last 🏆 Champion of the Forest 🏆 game: Support the Forest!
For the last 2 weeks of 🏆 Champion of the Forest 🏆, we are launching a new game called 🤝 Support the Forest 🤝, where we reward community members who help each other in small (or big) ways that move each other forward
We’ll start this week by featuring expert Chainforest members who opt into giving their time to the community for favors. To make an ask of the featured expert members, you can go to that member’s profile on Proof of Teamwork and make your request
For full game and point system details, check out our Discord announcement!
Featured Experts Through 5/4:
Satyajeet Pal
5.5 years at Bitwise Asset Management (was the first hire) - engineering manager
2.5 years at Wealthfront
Julia Xu
Head of Strategic Partnerships & Community at Scenius (Web3 Gaming)
9 years at BMG - The New Music Company
Max Segall
Operations at Privy (auth infra for web3)
4 years in product at Brex
Upcoming Chainforest Programming ⛓️🌴
Monthly Town Hall Meeting (May 2023)
Details: Join us to stay updated on the latest developments at Chainforest DAO including upcoming events, new member orientation, in-depth analysis of deal flow, and much more!
When: May 9th, at 2:00 pm EST
RSVP: here
Previous Events & Recordings
Monthly Town Hall (April 2023): Did you miss our April Town Hall meeting? Check it out here!
Covered during the Town Hall:
We were thrilled to be joined by Cam Greer, Co-founder of heds DAO, as our latest Town Hall guest speaker. If you missed the discussion on heds DAO, you can listen to the recording here
What is heds DAO? hedsDAO is a decentralized audio-visual collective. Once a month, hedsDAO will release and auction a collaborative mixtape, created and curated by the community, as its own NFT collection
Discord Highlights 👀
Members share the first time they met someone in Chainforest, either digitally or in person 🌟
Julia Xu: My first time meeting @Azi - @MagicofAzi was at ETH Denver last year (2022). A few of us were chilling at an event and then somehow by the end of the night, a smaller group of 3-4 of us ended up in his hotel room until proper degen hours Very memorable, because one of the first icebreaker questions he asked our group was "what's your favorite conspiracy theory?" and then proceeded to tell us his. Ended up being some pretty fascinating convo, which then got super philosophical, and that's when I knew I was in the right crowd lol
Blake Kim: My first time meeting Sloan was at the Chainforest Christmas party last December - RIP EmpireDAO, but Multichain Mike is a legend. I also got to meet Amit Mukherjee and a bunch of other members of course. Was great to finally put faces to names outside of our PFPs. Coming through to the event and finally meeting folks helped me remember that ultimately, online is great but nothing beats real IRL connection. Having just gotten back to NYC from Consensus, this couldn’t be truer
Ben Gusberg: I first met Cameron Porter last October at one of the CF in-person events at the Standard Biergarten in New York City. We had a long chat about investing, how crypto and AI are intertwined (even before peak AI hype ), innovating in hard sciences, and other big topics. It made me really appreciate CF’s in-person events, because you get to meet all the Chainforest gigabrains who are lurking in the Discord!
Also, fun fact: Cameron and his partner Alice have perhaps the coolest apartment and private rooftop in all of Manhattan
When discussing the MPC technique for wallets, members share what option they prefer: MPC or Seed phrase 💵
Prashanth notes that the MPC technique for wallets is becoming more popular. But, there is dependability on a company that manages auth against one shard of your key. So it’s not decentralized even though self custody. But good UX
Abraham Litwin-Logan writes that “auth against one shard of your key” is one use of MPC but not fundamentally inherent to MPC
Prashanth: Yes, that's correct. I should have reframed the question to be more clear. The intention was to understand if there is a way to reduce or remove the dependency of needing a company to manage the auth against the keys with an MPC wallet implementation. I totally understand that wallet UX is one of the main factors and solving that is a huge value add
Abraham Litwin-Logan: The way to do that would be to have an MPC setup that only distributes key-shares to those that are meant to have signing authority. e.g. generating 3 key shares if 3 people (or devices) have signing authority though this limits flexibility and constrains the creation of roles-based signing schemes etc
Prashanth: Yea, that's correct. That needs at least 2 parties to be available to sign the transaction. I guess there is always some kind of trade-off when it comes to convenience.
Jim: Agree with Abraham - this is just the setup that seems to make the most sense for the current market. The use case for MPC as a subroutine for nodes that power cross-chain bridging is closer to showing the full power
Shared links to check out! 🔗
Real World Assets: Fellow Rainmaker, Alex Palmer (Co-founder of Poet Network), writes about What Makes Something a Security 💵
Gaming: Sloan shares the news of Project V, a Battle Royale game built in Fortnite Creative 2.0: Why Five Prominent Gaming Influencers are Teaming up to Build the Top Fortnite Creative Experience 🎮
Fundraising: Jason Rosenbaum shares that Google Cloud is offering up to $200k in cloud credits & exclusive benefits for seed to series A Web3 projects and startups! 💰
Interested in viewing or sharing deal flow with the Chainforest community? Members can also earn $RAINDROP token along the way! 🤝
Three new deals were shared with the community last week! Access our Deal Flow tool here!
The deal flow tool allows you to:
Share new deals
Comment and ask questions
Tag members
Search past deals using our filtering system
Ways Rainmaker’s can earn $RAINDROP token:
Source a deal that Chainforest invests in
Aid in the due diligence process for a Chainforest investment
Support a Chainforest portfolio company
What kinds of deals does Chainforest invest in?
Check out our Investment Framework here!
Upcoming Events 🗓️
Bitcoin 2023 - Join your fellow Bitcoiners in Miami Beach for the biggest annual celebration of Bitcoin in the world. Don't miss out!
When: May 18-20, 2023, Miami, Florida
Details: here
Community Feature of the Month 🎉
Our Community Feature of the Month for May 2023 will be announced on Wednesday, May 10th! Stay tuned!
Interested in joining Chainforest? ⛓️🌴
How to apply: You can apply to become a member by completing our application on Typeform. We will review your submission and grant access after approving your profile.
Why join Chainforest?
Becoming a Rainmaker means accessing our Discord, our IRL events, our deep dives, and our complete programming. Most Rainmakers love the community because it offers the best environment for web3 learning and exploration on the Internet today.
Rainmakers also have the opportunity to support Chainforest's VC fund. Rainmakers have the opportunity to earn $RAINDROP, our token backed by carry in our VC fund, in exchange for identifying, evaluating, and supporting investment opportunities. Note that Rainmakers are not required to invest in order to participate, but also do not have a vote on investment decisions.
Apply here: https://chainforest.typeform.com/apply
I hope you enjoyed this week’s edition of the Chainforest Weekly Recap!
Till next week,