Crypto Is Down Bad, But VCs Keep Pouring Money In (8 minute read)
Venture capital investment in 2022 outweighs that of both fintech and biotech. $6.5 billion has been invested into crypto projects over the last 12 months, with $879 million of that investment in the last quarter. VC firms have become far more cautious after this year's events. Many are now focusing on decentralized technologies. There is still plenty of money being invested into the industry, especially for infrastructure projects.
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Metaverse-First Blockchain Lamina1 Launches Rolling Fund for Web3 Builders (2 minute read)
Lamina1 is launching the Lamina1 Ecosystem Fund (L1EF) to help web3 builders raise capital for metaverse ventures and offer investors a way to invest in projects at the ground level. The publicly accessible ecosystem fund provides broad economic access to global accredited investors. L1EF currently offers a subscription on AngelList starting at $2,500 quarterly over a minimum period of four quarters. Lamina1 will soon launch a testnet to showcase future use cases.
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Ripple Insider Says Smart Contracts Coming to the XRP Ledger (2 minute read)
According to a Ripple insider, XRP is being used daily for international payments, NFTs, and web monetization. Its On-Demand Liquidity settlement solution is being supported in countries including Africa, Israel, Australia, Brazil, Argentina, Belgium, Singapore, the UAE, and the UK. Ripple is making a push to bring smart contracts to its ledger, XRPL. An EVM-compatible sidechain for XRPL is currently being tested.
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2023 Crypto Market Outlook (57 page PDF)
This document looks at what the crypto market will be like in 2023. It covers key themes for the upcoming year, Bitcoin, Ethereum, the L1/L2 landscape, stablecoins, NFTs, and regulations. There are many differences between the current market and previous crypto winters. Many investors are recognizing the cyclical nature of the market and taking a long-term perspective, using the current environment to build infrastructure to prepare for the future.
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I read @MessariCrypto ’s 168-page report on EVERYTHING web3 so you don’t have to (4 minute read)
This Twitter thread presents a summary of Messari's 168-page Crypto Theses for 2023. While there has been a downturn in the market, there is still plenty of venture capital funding. Crypto is still inevitable, even as innovation is overshadowed by scams. There are many areas of the industry set to grow in 2023, for example, stablecoins, dApps, DeFi, liquid staking, NFTs, gaming, decentralized social networks, and wallets. The full report is available for free on the Messari website.
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The End of Crypto Twitter as We Know It? (6 minute read)
Some sources estimate that Twitter will lose up to 10% of users in the next two years. This could have an impact on engagement on the platform. While Twitter has previously played a large role in crypto discourse, the platform may end up being an echo chamber as those who disagree with Twitter's policies leave. Other alternative platforms may end up facilitating the debate and development of ideas in crypto.
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