Chainforest Weekly Recap (06/07/23)
Chainforest Weekly Recap
Greetings Rainmakers! ⛓️🌴
In the newest edition of the Chainforest Weekly Recap, stay informed about upcoming Chainforest DAO events and programming, discover the community feature of the month, get updates on Rainmaker developments, catch up on the exciting highlights from our Discord community, and join us in welcoming our new Rainmakers!
The top three channels were: 🎮│gen-gaming, 💬│general-chat, and 💰│real-world-assets.
Discord Highlights 👀
🤖 AI: Discover the fascinating intersection of crypto and AI in this thought-provoking article by Multicoin Capital, exploring the four key intersections that drive their mutual advancement and impact
⚖️ Regulatory:
Coinbase is facing a lawsuit from the SEC, accused of operating as an unregistered cryptocurrency broker
Paul Grewal, Chief Legal Officer at Coinbase, provides an update on the ongoing situation with the SEC
Binance, one of the largest cryptocurrency exchanges, was also sued by the SEC for allegedly running an illegal trading platform in the US and misappropriating customer funds
Check out Matt Levine’s latest newsletter, ‘The SEC Comes for Crypto’
⚖️ Regulatory: The House Agriculture Committee received testimony from CFTC Chair Rostin Behnam, a panel of former regulators, and Coinbase's chief legal officer in a comprehensive hearing on digital assets
Explore the complete hearing on digital assets
🌟 Venture: Rainmaker Rogan Bozman writes an insightful article on the current state of the crypto venture funding cycle and the future trajectory of the industry
🔥 NFTs: Join the Solana NFT Showdown, a unique pitch competition by the Solana Foundation, where creators have the opportunity to collaborate with industry experts and NFT community leaders to bring their business ideas to life and build new Solana NFT brands in fashion, entertainment, gaming, and creative agencies
🎮 Gaming: Epic Games has revealed extensive information regarding creator payouts in Fortnite Creative 2.0. It is estimated that 43 creators could earn over $1 million in 12 months, while 13 may exceed $3 million, and a mere five have the potential to earn over $10 million
💰 Start-up Support: Join the Google Cloud web3 community and supercharge your startup. Google Cloud offers an abundance of resources to help you build innovative decentralized apps, Web3 tooling, and services effortlessly
🤝 Interested in viewing or sharing deal flow with the Chainforest community? Members can also earn $RAINDROP token along the way!
One new deal was 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!
Rainmaker Personal Updates 📣
Utopia Labs introduces Off Ramp: a seamless solution that enables effortless conversion and transfer of USDC to your bank account. Experience the speed and efficiency that sets Utopia's Off Ramp apart from other solutions, allowing you to quickly and easily undergo KYC, connect your bank, and off ramp your crypto assets. Check out the complete announcement for more details
Congratulations to Rainmaker, Josiah Tullis! 👏
Privy announces the upcoming release of demo.privy.io, featuring robust wallet connectors, intuitive embedded wallets, seamless account linking, and a user-friendly SDK for secure web3 authentication
Congratulations to Rainmaker, Max Segall! 👏
Chainforest DAO Network (Open Roles) 💼
Summer Internship, Web3 Policy (Solana Foundation - Full-Time): The Solana Foundation is looking for a web3 policy intern to support every aspect of that strategy–from digging into how legislation impacts these goals to identifying constituents from the Solana ecosystem who can articulate their story well in front of policymakers
We are seeking motivated, creative, and driven interns with a passion for technology, an interest in solving complex problems, and a deep desire to make an impact. Our interns will have the opportunity to work on the exciting intersection between blockchain, security, and AI, where they will have significant autonomy and a high impact on core products
Full Stack Developer (FWB - Part-time): is looking for a high-energy and skilled full-stack developer with a passion for pushing the envelope to take the lead on ensuring that FWB’s digital landscape is maintained and cultivated well over time. This role is for a motivated engineer that can balance technical constraints with business objectives and deliver creative solutions
Content Writer/Strategist (Layer3 - Contract-to-Hire): Responsible for end-to-end content creation across a wide range of marketing deliverables, including short-form content, long-form thought leadership, B2B and SEO content, and social media copy
Upcoming Events 🗓️
LA Tech Week - a16z presents Tech Week 2023! Join us for tech weeks in LA this year to create IRL connections across the major tech hubs
When: June 5-11, 2023, Los Angeles, CA
Details: here
Sips & Sunsets (with Magna, Berachain, and OtterSec): Join Berachain, Magna, and OtterSec for a night of crypto chatter and sunset views
When: June 9, 2023, New York, NY
Details: here
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. Apply here!
What is Chainforest?
Chainforest's mission is to build the most powerful ecosystem in the world leveraging an exceptional community of leaders to build, grow, and invest together to create the future of web3. We leverage the collective power of the Chainforest community to create incredible value for our Rainmakers, the ecosystem, and our LPs and other partners. The outsized performance will create a flywheel effect, allowing us to build an enviable ecosystem that attracts, develops, and inspires high-caliber talent to be their best selves and to build the future of web3 collectively
Learn more about our DAO structure here!
Benefits of being a Rainmaker:
Exclusive Content: Access content like Town Hall AMAs, Workshops, IRL Events, Discord Discussions & Games, and Women in the Forest meet-ups! Expand your knowledge, network with experts, & enjoy the vibrant community
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:
Sourcing a deal that Chainforest invests in
Aid in the diligence process for a Chainforest investment
Support a Chainforest portfolio company
Help Chainforest as an organization (e.g., take a part-time role with the community, design an NFT collection for the community
Note: Rainmakers are not required to invest in order to participate, but also do not have a vote on investment decisions
Deal Flow: Unlock the Chainforest x @proofofteamwork Deal Flow tool! Share deals, engage in discussions, ask questions, search prior deals, & earn $RAINDROP token by sourcing deals CF invests in, aiding in the due diligence for a CF investment, or supporting CF portfolio companies
Member Directory: Discover the invaluable Chainforest x @proofofteamworkdirectory: Strengthen bonds, explore business prospects, amplify deal flow, and unlock hiring opportunities. Search by location to connect Rainmaker's locally & also connect with Women in The Forest
Earn TEAM points: Earn valuable TEAM points as a Rainmaker by actively contributing to our community through discussions, content interaction, and sharing deal flow. Climb the leaderboard, unlock prizes, and make a rewarding impact in the Chainforest community
I hope you enjoyed this week’s edition of the Chainforest Weekly Recap!
Till next week,