Welcome to Ztoog Crypto, previously referred to as Chain Reaction.
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Hello and welcome again to the Ztoog Crypto e-newsletter.
This week, Starbucks killed its Odyssey NFT program that was launched in 2022, Solana continued to see memecoin momentum and India faces extra challenges with the crypto house as authorities companies crack down on it.
Details beneath.
This week in web3
- Crypto change OKX ceases providers in India
- Solana is ushering in a new spherical of memecoin mania
- How crypto change Backpack climbed its solution to success after its main investor FTX died
- Starbucks ditches its Odyssey NFT program
- Blockchain tech may very well be the reply to uncovering deepfakes and validating content material
Crunching numbers
This week the crypto market costs had been decrease, however nonetheless comparatively robust in comparison with earlier months.
Bitcoin was down 6.5% on the week at $67,300 and 32% increased on the month, on the time of publication. The second largest crypto, ether, fell 8.6% on the week to $3,550, based on CoinMarketCap information. The complete crypto market cap decreased 6.3% throughout the identical time-frame to $2.55 trillion.
The newest pod
Chain Reaction is doing a month-to-month sequence diving into completely different matters and themes in crypto. This month we’re specializing in blockchain and AI integrations.
For this week’s episode, I interviewed Tegan Kline, the CEO and co-founder of Edge & Node.
The firm is concentrated on creating and supporting decentralized functions, or dApps, and protocols. It was additionally the preliminary staff behind The Graph, an indexing and question protocol, or what some have known as the Google of web3, which goals to arrange open blockchain information and make open information a public good.
Tegan started her profession in funding banking earlier than shifting to work as an govt VP of a patent market powered by blockchain and analyzed by AI. This kickstarted her profession in web3, information and AI options. Before co-founding Edge & Node, Tegan labored as a global enterprise growth supervisor for Orchid, an a16z and Sequoia VC-backed VPN.
This episode is a a part of Chain Reaction’s month-to-month sequence diving into completely different matters and themes in crypto. This month’s centered on blockchain and AI integrations.
Tegan and I speak about The Graph community, indexing information and its broader use case for the web, in addition to its “New Era roadmap” that got here out in November 2023.
We additionally talk about:
- The Graph implementing AI options
- What dApps will unlock in the long run for AI
- Why AI doesn’t care about crypto
- Taking a profession soar into web3
Subscribe to Chain Reaction on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the newest episodes, and please go away us a evaluation if you happen to like what you hear!
Follow the cash
- Former Grindr exec and a married couple launch Rails with $6.2 million spherical, for its decentralized FTX different
- Avalanche Foundation proclaims $1 million liquidity mining incentive program, Memecoin Rush
- Morph raises $20 million in seed and angel funding for its EVM layer-2
- Mantra raises $11 million to increase real-world asset tokenization in MENA area
- Ago raised $2.5 million to make DeFi extra accessible by all-in-one platform
This checklist was compiled with data from Messari in addition to Ztoog’s personal reporting.
What else we’re writing
Want to department out from the world of web3? Here are some articles on Ztoog that caught our consideration this week.
- Reddit costs IPO at $34 per share, the prime quality
- NBCUniversal’s Peacock will allow you to watch 4 livestreams directly for 2024 Paris Olympics
- Astera Labs IPO will reveal how a lot buyers need in on AI
- After elevating $1.3B, Inflection is eaten alive by its greatest investor, Microsoft
- Late-stage VCs could also be stopping their startups from going public in 2024