Dani is undoubtedly producing some of the best content at USV as of lately.
In this post she clearly defines the market opportunity for decentralized compute as the growing demand for "integrity" by the developer community (rather than lower prices as she previously postulated). She also shares a great datapoint to size such demand: there are "14,600 questions on Stack Overflow mentioning vendor lock-in".
Pretty wild piece exploring the meaning of jurisdictions and how we should frame them in the crypto discussion.
You should get some coffee before this one.
"For blockchain stakeholders with an eye on the integrity of the system as a whole, the most valuable answer to any legal question is the largest possible set of jurisdictionally-ambivalent and jurisdictionally-bounded answers, not just some narrow jurisdictional subsets"
One of the most in-depth reports we've seen on the activity going on in MakerDAO land by Placeholder, broken down by stakeholder group: CDP Creators, Keepers, MKR holders, and DAI users. The analysis of Keepers activity is particularly interesting.
Really cool product announcement by Set Protocol, one that clearly shows the power of programmable money and open finance.
Strategy enabled tokens are a kind of Set that allows any customized strategy to be programmed into and auto-executed by smart contracts and oracles, so that owning that token gives its holder exposure to that particular trading strategy with no action required.
Needless to say there's a ginormous industry out there that charges capital providers 2/20 or more to provide "active fund management". SETs are going straight after it.
Another super cool project coming out of ETHDenver.
It's a beta version of a decentralized 2FA authenticator app that allows you to backup your One-Time-Password keys without ever needing to trust or rely on a single entity, built on top of Textile and IPFS.
All open-source so anyone can pick it up, build with it and contribute.
Pretty big releases here: "sBTC provides access to the value of Bitcoin without the friction of owning or maintaining a Bitcoin wallet, and like all Synths it is trustless and does not require the underlying asset to be held. sBTC also enables ‘Bitcoin’ to be traded on DEX’s, as well as enabling other Ethereum dApps to use it within their platforms without the need to manage the infrastructure relating to actual Bitcoin."
On top of that, a synthetic silver (sXAG), which tracks the price of an ounce of silver, sSGD, sCAD, sRUB, sINR, sBRL, sNZD, sPLN.
As Dapps start to become usable, there will be a growing need for Ethereum addresses to communicate between each other or for developers to have a native direct line with actual users or token holders.
Ethmail enables exactly that, allowing any Ethereum address to send and receive emails using standard email technology, just requiring an Ethereum wallet signature to prove that such address is controlled by the user.
Nivaura is gearing up to become the leading player in issuance and lifecycle management of tokenized securities in Europe, closing a $20M financing round led by the London Stock Exchange Group, with participation from Santander InnoVentures, law firms Linklaters and Orrick; Transamerica Ventures, MiddleGame Ventures, Digital Currency Group and Spencer Lake, formerly head of global markets at HSBC.
Figure, the online home equity loan platform run by ex SoFi founder Cagney, has closed another $65M funding round (totally $120M in 13 months). The round was led by RPM Ventures and partners at DST Global, with participation from investors Ribbit Capital, DCM, DCG, Nimble Ventures and Pomp's Morgan Creek.
Figure claims to be originating, financing and selling every one of their loans on a permissioned blockchain called Provenance, with several other originators ready to onboard in 2019.
Great to see Coinmetrics going for it as a commercial business, raising capital to continue providing some of the best data in the industry. The $1.9M round was not unexpectedly led by Nic Carter's Castle Island Ventures (Nic co-founded CM in 2017), with the participation from Fidelity Investments, Highland Capital Partners and Dragonfly Capital.
Here's CM post outlining the new phase for the business. For our readers from academia, CM is giving you permissioned access to their premium datafeed for free, so don't be shy and ask for it!
Kava Labs has raised $1.2M in funding from Lemniscap and Digital Asset Capital Management, with participation from Ripple's Xpring, Coil Technologies, 2020 Ventures, Arrington Capital, Hard Yaka, Robot Ventures and UniValues Associates.
Kave Labs developd Interledger solutions for blockchains, wallets, and exchanges.