Future Finance - Issue #128: Element Finance Raises $32m, Web3 Protocols Are Gaining Adoption And WorldCoin Becomes A Unicorn

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

Future Finance - Issue #128: Element Finance Raises $32m, Web3 Protocols Are Gaining Adoption And WorldCoin Becomes A Unicorn By Alan Tsen • Issue #128 • 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

Element Finance raises $32 million for its DeFi fixed rate protocol Element Finance has raised a $32 million Series A round at a $320 million valuation. The company has been building a new DeFi (decentralized finance) protocol on top of the Ethereum blockchain. It lets you earn predictable returns on investments thanks to fixed rates over a predetermined period of time techcrunch.com  •  Share

Mason Nystrom @masonnystrom Several Web3 protocols are gaining adoption. As a result, these protocols are generating revenue based on network usage, a clear sign of growing demand. Quick Thread of Web3 Revenue 👇🏻 https://t.co/HhdS0khA5M 1:20 AM - 19 Oct 2021

Legitimacy Lost How Creator Platforms Are Eroding Their Most Important Resource every.to  •  Share

Crypto lending firm Celsius Network raises $400M Celsius Network has raised $400 million in a new equity funding round led by Canada's second-largest pension fund and WestCap equity firm. cointelegraph.com  •  Share

As the NFT Market Explodes Again, Artists Fend Off Old Art-World Power Structures As blockchain technology hurtles toward mainstream adoption, marginalized artists face an uphill battle to do well in the marketplace. time.com  •  Share

PleasrDAO adds $4M 'OG NFT' Wu-Tang Clan album to its collection The owners of the original Doge meme NFT have revealed themselves as the new owners of Wu-Tang Clan's unique album cointelegraph.com  •  Share

How to DAO 201: Onboarding as Wayfinding Welcome to the second deep dive on how we are building CabinDAO. In this article we'll cover how onboarding differs from traditional corporate environments. Then we'll break down current onboarding practices and offer digital-native ideas. Finally, we'll share how a few leading DAOs, including Cabin, are building their new member journeys. creators.mirror.xyz  •  Share

Terra Blockchain is Set to Connect to the Cosmos Ecosystem The Terra stablecoin, UST, will be moving over to the Cosmos universe imminently, which should be quite helpful for the progress of DeFi in that ecosystem. thedefiant.io  •  Share

Worldcoin, Now Valued at $1B, Has Grand Plans to Get You to Gaze Into the Orb Would you let a chrome, volleyball-sized sphere scan your retinas in exchange for crypto? That's the interesting – and controversial – premise behind Worldcoin, a new project co-founded by former Y Combinator President Sam Altman. www.coindesk.com  •  Share

The promise, pitfalls & possibilities of Web3: case study music On the one hand, Web3 is going through its own decades-long development and adoption cycle. On the other hand, we see fast-moving changes in the way artists and their fans, or broader communities, interact. By taking a look at the intersection of these two developments we can take stock on where we've come from, and what we can do to push for good growth. musicx.mirror.xyz  •  Share

DeFi 2.0 Wave of New Projects Test Liquidity Mining Alternatives Things aren't getting easier for those struggling to stay current with the lightning quick DeFi space. Just when you think you're up to speed with the latest token or protocol along comes something new. Brace yourselves because here comes DeFi 2.0. What that term actually means is still in flux. thedefiant.io  •  Share

🎧 Podcasts Of The Week

Tokenomics and Ecosystem Growth with Tom Schmidt of Dragonfly In this episode, Cobie & Ledger talk to Tom Schmidt of Dragonfly and talk about bunch of topics around token economics, building communities, growing protocols, and more. pca.st  •  Share

Talking Crypto #72 - Zeus from Olympus DAO Zeus is the anonymous founder of Olympus. Olympus is building a community-owned decentralized financial infrastructure to bring more stability and transparency for the world. Additionally, Olympus is offering a new product called Olympus Pro which allows for Protocol Owned Liquidity. pca.st  •  Share

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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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