Dear Inside Community, May is here, which means Meet Our Fund 3 is only a few weeks away. This is the latest installment in our most popular event series where some of the most dynamic venture funds in the industry reverse-pitch themselves to thousands of founders. Register today. We want you to have a free, front-row seat to this virtual event. This is your chance to pose questions directly to investors. Understand what they look for in portfolio companies and how they distinguish themselves when they invest. Don’t miss out when MOF3 goes live on May 24 and 25. —The Inside Team | |  Gia | |
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 Yuga Labs' Otherdeeds NFT minting led to several technical problems, and as a result, the company is now integrating with Ethereum sidechain Polygon. More: - Yuga Labs launched its virtual land sale and minting of Otherdeeds NFT land on Sunday, which generated $300M in sales.
- During the minting process, the company faced several technical challenges, including high volume. This led to users being slammed with high gas fees, ranging from 2 to 5 ETH.
- Some users were unable to mint their NFTs but still had to pay the associated gas fees, though Yuga Labs has promised to refund the fees.
- Some frustrated users speculate that this was a planned marketing stunt to first highlight the problem and then announce a new chain solution during the same week. An ApeCoin DAO representative denied that.
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 U.K Chancellor Rishi Sunak wants to make the U.K. the "global hub" for crypto. Crypto regulations can potentially create high-paying jobs in poorer areas of the country. More: - The move to regulate digital assets offers an opportunity for wealth creation in the U.K., including the south west, crypto entrepreneur Herbert Sim said.
- Academic Chris Carr disagrees and said that while "some people have managed to get wealthy, there is still a concern that this will benefit the rich, who can afford to take risks and invest early."
- Experts from the crypto industry, such as Sim, agree with Sunak's plan. Sim said he believes that investment can increase in areas that historically lacked investor interest.
- Sim explains that the U.K. and south west are well-positioned to capitalize on the upcoming opportunities because there is no shortage in demand.
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 A message from AUROX A quick way to win $10,000 in Aurox’s hot wallet launch giveaway If you’re looking for a safer and more intuitive crypto wallet and an easy way to win $10.000, this is for you: A leading cryptocurrency platform is launching its multi-chain browser wallet in June, and rewards you for sharing the news with friends. Here’s what Aurox wallet is all about: We all know stories of traders who had their wallets hacked or were victims of fraud. A lot of these scams happen because hackers often take advantage of the weak security protocols of hot wallets. But Aurox Wallet offers next-generation protection against token theft, through: - Smart Contract Whitelist
- Phishing page detection
- Preventing sending tokens to smart contracts
- Safe and simple login & account recovery
…and more. TL:DR? Aurox Wallet is creating a simpler, safer way to hold and trade DEX tokens. So how can you win $10k? Click to sign up for the waitlist, and join our $10k giveaway! Sign Up & Enter
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Kraken, a cryptocurrency exchange, will launch an NFT marketplace with a promise to subsidize Ethereum transaction fees for its users. The company did not say how much it would subsidize. More: - An NFT marketplace that offers zero fees seems like a good strategy for growth and user acquisition, as the platform can potentially attract more users in a short time.
- Stock-trading app Robinhood implemented a similar strategy by removing trading fees, which led to more users.
- Other features include integrating NFT-data and a framework for vetting listed projects.
NOTE: Inside.com's founder and CEO, Jason Calacanis, is an investor in Uber.
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Decrypt, the crypto news website, has spun out from parent company SonsesSys Mesh and raised $10M on a $50M valuation from 22 investors. The fresh funding will be used to build the Decrypt Studios as the company also plans to invest in PubDAO. More: - Decrypt Studios is a Web3 platform that will lead NFTs, entertainment, fashion, and real estate efforts in the upcoming metaverse platforms.
- Decrypt was founded in 2018 to help educate people on the benefits of crypto and blockchain technologies.
- Investors in the round include Hack.VC, Hashkey Capital, Canvas Ventures, and many more.
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 A message from CONNECTEAM Discover the New Way to Effectively Manage Your Employees Paper-Free Until this very day, so many businesses around the world are using pen and paper to handle crucial aspects of their daily business. But what’s stopping your employees from losing/damaging their shift schedules, forgetting to clock in and out, and not receiving important messages from their managers? That’s why thousands of businesses from more than 90 different industries are turning to Connecteam to solve these problems once and for all. With its wide range of features, managers can effortlessly track employees’ hours, streamline communication and oversee their shifts - all from the convenience of their mobile devices. Most importantly - everyone in your business can easily use Connecteam because of its simple user interface. Never use paper again to manage your employees. Go completely digital today. Connecteam is free to use for your first 50 users. Paid plans start from $39/month and come with a 14-day free trial. Start your Free Trial
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 Axie Infinity's governance token declined by 30% and is now trading at $30.39 over the last seven days. Axie Infinity is also losing users, from 63,000 down to 12,000 in a matter of months. More: - The token was trading at nearly $75 last month, and in November, it reached $165.37, meaning today's $30.39 price is an 81% decline.
- The reason for the decline in users and token price is twofold:
- A failing tokenomic design.
- The Axie Infinity Ronin sidechain was hacked for $622M at the end of March, which has had a negative impact on the company's price.
- The new economic model gave users fewer SLP tokens as rewards to stabilize the token's inflation rate.
- More SLP was created than destroyed without growth to sustain this new arrangement.
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The U.S. Securities and Commission announced that it will hire additional staff, including lawyers and fraud analysts, to help monitor and protect investors from the volatile cryptocurrency market. More: - The SEC will add additional team members to its Crypto Assets and Cyber team, from 30 to 50 members, in the coming months, indicating a positive move toward Wall Street's hottest new industry.
- The unit will focus on cybersecurity measures, monitor crypto-related wrongdoings, and identify disclosure and control issues.
- Individual retail investors are the most common victims of crypto-related securities fraud.
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Quick Hits: - SeedInvest launches a pitch competition for historically underrepresented founders. Over $40,000 in prizes. Pitch to Baron Davis and Jesse Draper. Learn more.*
- Rising interest rates and inflation gives room for crypto to have a "bright" future.
- The crypto industry reacts to Warren Buffett's comment calling bitcoin a "worthless" investment.
- Crypto.com's token price declined by 17% as the company implements new changes to its Visa card.
- B2B businesses are switching to e-commerce. Now, it’s your turn. Learn three persuasive approaches that communicate the value of digital to decision-makers.*
*This is sponsored content.
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Upcoming Events - May 05 - [Live Webinar] Women in Sales: How to Build Your Personal Brand to Drive More Sales presented by Introhive (Register Here) *
- May 10 - Giving Voice and Intelligence to Digital Characters with David Colleen (SapientX) (Register Here)
- May 11 - Building Last-Mile Startups: Underground Delivery with Garrett McCurrash (Pipedream Labs) (Register Here)
- May 12 - Making Metaverse Dating a Reality (Register Here)
- May 18 - Need To Know NoCoder: Jatin Arora (Utilize) (Register Here)
- May 19 - Understanding Fractionalization (Register Here)
- May 24 - Meet Our Fund 3 (Register Here)
- May 31 - Ethereum Merge with Anthony Donofrio (Ethereum) (Register Here)
- June 01 - Selling Consumer Goods in Web3 (Register Here)
- June 09 - Empowering Content Creators with No Code (Register Here)
- June 22 - The Future of Open-Source Software Security (Register Here)
- June 30 - HR Strategies to Retain Remote Employees (Register Here)
Want to see all of our upcoming events? Visit us at https://inside.com/events *This is a sponsored post.
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 |  | Gia Mattu is based in Calgary, Alberta. She is an entrepreneur with experience in climate technology, drones, AI, machine learning, and blockchain technology. When she's not working, she loves to hike the Canadian Rockies, try new cuisine, and travel. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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Connecteam is the all-In-One Employee Management Software. Time Tracking, Shift Scheduling, Communication, and Much More. | |
