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 👀
⛓️ Chains: Gnosis has launched a Visa card that allows users to spend self-custodial crypto in Europe, with plans to expand to the US and Hong Kong soon. This card provides a convenient way for users to access and utilize their cryptocurrencies for everyday transactions, making it more accessible for mainstream adoption
💰 Venture: Venture funding for crypto and blockchain startups has experienced a notable decline, with a more than 60% drop in the first half of 2023 compared to the previous year, as per Crunchbase data. Investors' enthusiasm for Web3 has waned since the flush funding days of 2021, with caution prevailing and a focus on more mature sectors, except for AI. While some investors are still putting money into picks-and-shovels startups for Web3, the recent collapse of major crypto exchanges and regulatory actions in the U.S. have led to uncertainty about the future of investment in the digital asset space
🖼️ NFTs: Christie's, the prestigious auction house, and luxury brand Gucci have teamed up to launch a collection of non-fungible tokens that bridge the worlds of art and fashion. The collaboration aims to offer collectors and enthusiasts a unique opportunity to own and interact with digital assets infused with Gucci's iconic aesthetics and heritage. The NFT collection is set to include a diverse range of digital artworks and designs inspired by Gucci's signature style, making it a compelling venture that showcases the growing intersection of traditional luxury and the emerging world of NFTs in Web3
🎮 Gaming: Rainmaker’s Tyler and Sloan, delve into the challenges faced by Diablo IV developers in maintaining the franchise's essence while introducing innovative elements to keep the game appealing and relevant in a competitive gaming market. It explores the delicate balance required to meet players' expectations and deliver a captivating gaming experience
🔧 Infra: Rainmaker, Davidscreenname, expresses his bullish sentiment on Tron, and MagicofAzi agrees, highlighting its high USDT volume and active usage in regions like Africa, LATAM, and Asia. They discuss the commodification of infrastructure at ETHcc and the excitement surrounding AA and ERC6551
📈 Market: Worldcoin, the token of the crypto project co-founded by Sam Altman, experienced a significant rally on its first day of trading as investors showed enthusiasm for the AI-related hype. The token jumped to as high as $3.58 from its initial price of $1.70, with roughly $145 million worth of the token being traded on exchanges like Binance. Worldcoin uses an "orb" device to scan people's eyeballs and generate a unique digital identity, granting "proof of personhood" in the Worldcoin parlance, but it won't be available for trading in the US due to regulatory restrictions
🤝 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 📣
Blockchain Capital has unveiled its rebrand and introduced "BCAP Build," a new department focused on providing post-investment support to crypto builders. Armed with a decade of experience in the blockchain industry, BCAP Build offers expertise in three key areas: Talent, helping founders scale as leaders and develop talent strategies; Go-to-Market, assisting with GTM strategies and providing hands-on support from their engineering, marketing, and regulatory teams; and Partner Network, maintaining a comprehensive network of industry-leading service providers and conducting company-building workshops with partners. To learn more, check out the full announcement!
Congratulations to Sterling Campbell & Kinjal Shah!
🎙️ Blake Minho Kim and Simon Yi, co-founders of Myosin.xyz, bring you their newest podcast episode featuring a captivating conversation with Sarah Lu, who previously led Product Marketing at Layer3. Tune in as they explore how Layer3 is the Duolingo for web3, product-driven strategy, web3 UX/distribution yet, & more!
Chainforest DAO Network (Open Roles) 💼
Investment Associate (Techstars - Full-Time): As an Investment Associate, you will be joining a Techstars team responsible for sourcing, recruiting, and helping to accelerate the growth of the companies we invest in. You will have the opportunity to have a front-row seat of the creation of some of the most prolific companies of the next decade. You will bring to the program an understanding of early-stage startup operations, investing, and fundraising
Senior Associate (Touchdown Ventures - Full-Time): Touchdown Ventures is expanding its team and is hiring a venture capital senior associate. The candidate will have the opportunity to obtain significant venture capital investment experience. This is an exciting and entrepreneurial opportunity to join a rapidly growing firm, revolutionizing corporate venture capital. You will work on a lean team, sourcing and evaluating venture capital investment opportunities, planning and executing the diligence process, and developing an investment thesis and strategic case
Investment Analyst (Tribe Capital - Full-Time): Tribe Capital is seeking a full-time Investment Analyst to evaluate, engage and identify early-stage startups. In this role, you will work closely with Tribe’s Investment and Data Science teams
Upcoming Events 🗓️
FWBFest 2023: FWB FEST is a coming together of the leading communities, organizations, and institutions that believe in the promise of a better internet. Programming, experiences, and expositions will be held by groups ranging from Rhizome and SeedClub to Boys Club and OpenSea
When: August 4-6, Idyllwild Arts Academy, CA
Details: here
Blockchain Futurist Conference: Untraceable's 5th Annual Blockchain Futurist Conference 2023 brings together top leaders in Blockchain, Crypto, Web3, DeFi, Privacy, & NFTs!
Token2049 (Singapore): TOKEN2049 brings together the global crypto industry, uniting entrepreneurs, investors, developers, industry enthusiasts, and global media - and creates unparalleled networking opportunities. This is the community that will define what’s next in the space
When: September 13-14, 2023, Singapore (Marina Bay Sands)
Details: here
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,