Future Finance - Issue #127: Mirror Is Open To Everyone, Why Web3 Matters And A16Z Invests In Axie Infinity

Welcome to another issue of Future Finance, your weekly off-chain newsletter about the world of on-ch

Future Finance - Issue #127: Mirror Is Open To Everyone, Why Web3 Matters And A16Z Invests In Axie Infinity By Alan Tsen • Issue #127 • View online Welcome to another issue of Future Finance, your weekly off-chain newsletter about the world of on-chain finance. And always, there's no shortage of news from the industry. So grab a coffee (or beer), and let's get into this week's news from the world of open and decentralised finance. 👉 Got some interesting news I should include in my newsletter? Feel free to respond to this email or hit me up on Twitter - my DMs are always open. — Alan Tsen 👊 💯 Ps. If you like what I'm doing here, please feel free to share it on your favourite social media network. Also, it'd be great if you forwarded this newsletter to a friend you think might enjoy it.

📰 News This Week

Why Web3 Matters Web1 (roughly 1990-2005) was about open protocols that were decentralized and community-governed. Most of the value accrued to the edges of the network — users and builders. future.a16z.com  •  Share

Art Blocks Raises $6M From True Ventures, Galaxy on Strength of Generative NFTs In an interview on CoinDesk's "Opinionated" podcast, founder Erick Calderon explained how a crypto side hustle grew into a leading digital art project. www.coindesk.com  •  Share

RICKS This paper introduces a new NFT fractionalization primitive: RICKS (Recurrently Issued Collectively Kept Shards). When you fractionalize an NFT into RICKS… www.paradigm.xyz  •  Share

Publishing on Mirror is Now Open to All Last December, Mirror launched its first product: a decentralized publishing protocol. Over the past year, we've also launched economic blocks for crowdfunding, auctions, NFT editions, and splits—as well as a governance product. Mirror has evolved from a tool for writers to a full-stack web3 creative suite for communities and DAOs. dev.mirror.xyz  •  Share

DAOs: the anti-government, government clubs Governments as we know them are broken. Constituents lie, steal and claim to be impartial while becoming some of the wealthiest individuals on the planet, utilizing their public goods facade to generate alpha and rug pull the population. \n eva.mirror.xyz  •  Share

DAO infrastructure platform Layer3 raises $2.5 million in seed funding  Crypto startup Layer3, which provides tools for decentralized autonomous organizations (DAOs), has raised $2.5 million. www.theblockcrypto.com  •  Share

State of the DAOs State of the DAOs curates high-quality content from the DAO ecosystem and delivers it to you in an easily accessible form. You might be curious about joining a DAO, have already jumped in but feel overwhelmed, or you might even be an active, engaged member of multiple DAOs. banklessdao.substack.com  •  Share

Code is Law and Cultural Code Last week a 'free money' bug on Compound caused some users to be able to claim far more COMP than they were supposed to, creating an estimated potential max loss of $147m / 490k COMP to the protocol… viktorbunin.medium.com  •  Share

Dolce & Gabbana's NFT Experiment Is A Million-Dollar Success Story A piece of digital wearable art from Dolce & Gabbana's Collezione Genesi NFT, first unveiled at the Alta Moda show in Venice, has sold for more than $1million at auction. www.vogue.co.uk  •  Share

Investing in Axie Infinity Jeff Bezos famously said "your margin is my opportunity," referring to the way Amazon grew market share by lowering prices and eating into competitor margins. In the transition from web2 to web3, a similar trend is taking shape, but this time the opportunity for entrepreneurs is the exorbitant take rates imposed by the platforms that dominate web2. a16z.com  •  Share

StarkNet Alpha is Coming to Mainnet We announced our vision for StarkNet at the beginning of the year: to bring massive scalability to Ethereum while preserving L1 security, permissionless interactions, and decentralization. We… medium.com  •  Share

📹 Videos Of The Week

NFTs rising - The Web 3 Creator Economy is here - Decentralized NFTs done right by Manifold

Working for DAOs

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By Alan Tsen Future Finance is a curated newsletter sent to your inbox every week. We cover all the most important news in the world of decentralised finance. It takes 10 minutes to read and provides you with all the essential news. Tweet     Share

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