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: 📶│jobs-in-crypto, 💬│general-chat, and 🔗│links.
Discord Highlights 👀
⚖️ Regulatory: A U.S. judge ruled that Ripple Labs, Inc. did not violate federal securities law by selling its XRP token on public exchanges, providing a significant legal victory for the cryptocurrency industry. The ruling resulted in a surge in XRP's value, and Coinbase announced that it would relist XRP for trading on its platform. However, the judge also held that Ripple violated federal securities law by selling XRP directly to sophisticated investors, giving a partial victory to the U.S. Securities and Exchange Commission
💸 DeFi: Uniswap has launched UniswapX, a cross-automated market maker (AMM) protocol designed to enhance liquidity provision across multiple networks. UniswapX aims to increase capital efficiency and reduce slippage by allowing liquidity providers to allocate their assets to different networks and optimize their returns. This move further strengthens Uniswap's position as a leading decentralized exchange platform in the blockchain ecosystem. Check out the announcement here!
🎮 Gaming: Google Play has updated its policy to allow the inclusion of tokenized digital assets, including non-fungible tokens (NFTs), within mobile apps and games. This change opens up new opportunities for developers to integrate blockchain-based assets and experiences into their applications, enhancing the overall user experience and expanding the adoption of NFTs in the mobile gaming space
💰 Finance: WisdomTree, a leading asset management firm, has launched a new blockchain subsidiary called Blockchain WisdomTree App. The app aims to provide users with access to a range of blockchain-related services, including education, research, and investment opportunities, further bridging the gap between traditional finance and the blockchain industry
🎮 Gaming: Game studio Gardens has secured $31.3 million in funding for its upcoming fantasy action role-playing game (RPG). The funding will be used to further develop and enhance the game, which promises immersive gameplay, stunning visuals, and an expansive world for players to explore
🔥 Market: Raoul Pal shares his insights on a changing macro environment, the technological revolution, investment time horizons, and the immense opportunities that lie ahead
🎬 Movies: Planning to see Barbie this week? Don't miss Arkive's latest post featuring the price of the most expensive Barbie Dolls ever sold!
🤝 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 📣
🎙️ Blake Minho Kim and Simon Yi, co-founders of Myosin.xyz, bring you their newest podcast episode featuring a captivating conversation with Deana Burke, Co-Founder of Boys Club and Marketing Head at Celo. Tune in as they explore the growth story of Boys Club, Deana's Bitcoin journey, web3 principles, and other engaging topics
Chainforest DAO Network (Open Roles) 💼
Investment Analyst/Associate (Conviction - Full-Time): Conviction is hiring an early-career investor at Conviction. We are full-stack investors with a focus on AI, and building a new, world-class early-stage venture firm from the ground up. More about Conviction’s thesis, here!
Analyst, Deep Tech (Point72 Ventures - Full-Time): Point72 Ventures Deep Tech team is looking for a passionate, hard-working individual to join our investment team as part of a two-year Analyst program. Their Analysts conduct industry research, source potential investment opportunities, perform rigorous due diligence, and support our portfolio companies
Senior Product Designer (Rainbow - Full-Time): As a designer at Rainbow, you’ll have the opportunity and autonomy to define what it means to be a wallet and create an impact across areas such as finance, NFTs, governance, and more. Your work will help define an industry as you create solutions and patterns for complex and unsolved problems. You’ll work alongside some of the most talented people in the space and help build Rainbow and its design team into one of the best teams in the world
Investment Analyst (Picus Capital - Full-Time): Picus Capital is looking to hire an Investment Analyst in New York City. View the full job posting here!
Investment Associate (Balderton Capital - Full-Time): Balderton Capital is looking for an exceptional Associate to join our investment team in London to focus on early-stage investments in the Nordics, as well as sector-specific research. This is an exciting opportunity to be a core and integral player, where you will be right at the heart of the European early-stage tech ecosystem, working first-hand with some of Europe’s leading investors and entrepreneurs to shape the future of technology
Upcoming Events 🗓️
SAFARY CLUB: See You In The Wild: Meet web3's top growth leaders in the wild. Come for friends, stay for the alpha!
When: July 20, 2023, Paris, France (ETHCC)
Details: here
Blockchain Futurist Conference: Untraceable's 5th Annual Blockchain Futurist Conference 2023 brings together top leaders in Blockchain, Crypto, Web3, DeFi, Privacy, & NFTs!
NY 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: Oct 16-22, 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,