Chainforest Weekly Recap (10/07/22)
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 events, member accomplishments, and a round-up of the most exciting happenings in our Discord this week.
In the past week, 12 new Rainmakers have joined the forest.
The top three channels were: 💬│general-chat, 🔵│Ethereum, and 🦄│gen-nfts.
Discord Highlights 👀
Chainforest is launching next Tuesday, October 11! 🎉
Join our Launch Day Celebration Twitter Space on 10/11 at 3:00 pm EDT (Set a reminder here!)
Chainforest DAO will also be hosting a launch day IRL event in NYC on 10/12 (More details in the Upcoming Events section)
Rainmakers discuss what are the most prominent liquid crypto hedge funds today 🔥
Jeff writes that for liquid only, LedgerPrime, Nickel Digital, and Geometric come to mind
Members share how they feel about a centralized chain for gaming 🎮
Bryan believes the main innovations of this new paradigm are digital ownership, an NFT marketplace, and a liquid market for the in-game currencies and assets. He concludes that a centralized L2 on top of ETH (Immutable X) should provide all of these
Abraham and Amit debate the recent Moonbirds DAO Launch announcement 🌟
Abraham has three initial thoughts (full response in our Discord!)
Value Accrual: Not convinced this is a good use of funds, specifically in terms of whether the capital allocation will accrue commensurate value to Moonbirds
Proof Revenue: Selling more NFTs only works for so long as more buyers are coming into the ecosystem otherwise value dilution occurs across the board and existing holders are negatively affected in part causing a race to the bottom to raise more capital
Responsibility: Currently and historically, holders expected the team to do all of what the DAO is meant to now be doing and with the DAO, the team can now place responsibility for things that aren’t done on the DAO. Abraham believes this will become an issue if or when the DAO begins to run into similar DAO-related issues as ApeCoin
Amit follows up with a more positive outlook 👍🏽
While Amit agrees that DAOs are not great at executing and capital allocating, PROOF was able to raise $50 million and is allocating only $2 million to the DAO. This implies that the majority of the resources will still be centrally managed
Amit states that this announcement unlocks more energy from the community - NFT holders will have more autonomy and empowerment
Upcoming Events 🗓️
DEVCON - Educating and empowering the community to build and use decentralized systems!
When: October 11-14, 2022 at the Agora Bogotá Convention Center
Details/RSVP: here
Chainforest DAO - Launch Day Celebration Event
When: October 12, 2022
Details/RSVP: Full details are in the #Announcements channel in our Discord
New Members 🎊
Caryn Tan | Foster & G20 Ventures
Carlos Beltran | Mad Finance
Brett Palatiello | Interplay
Manansh Shukla | UXR DAO
Lou Mata | Stealth Startup & Investor
Arad Girh | Collab Currency
Will Comyns | Student & Shima Capital
Daniel Niklas | Picus Capital
Rohit Kulshreshtha | Engineer, Ex. Snap
Nemo Yang | Oxygen
Samuel Thomas | Shl Ventures & Rebel One Ventures
Akin Sawyerr | Turnqey Labs & Feleman
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: https://chainforest.typeform.com/apply
I hope you enjoyed this week’s edition of the Chainforest Weekly Recap!
Till next week,
Sloan (sloan#5762)