Connect with us

Crypto News

Coinbase Ventures 2021-Q3 activity and takeaways

Published

on

cryptocurrency news

Around the Block from Coinbase Ventures sheds light on key trends impacting the crypto ecosystem. In this edition, the Ventures team provides an update on Coinbase Ventures activity in 2021-Q3, and key learnings from around the industry.

Coinbase Ventures (or “Ventures”) has grown into one of the most active VC investors in crypto by deal count. In Q3, Ventures made a record 49 investments, averaging a new deal every ~1.8 days. This is up from 28 investments made in Q2, and 24 in Q1. As of Q3 2021, the Ventures portfolio size stands at over 200+ companies and projects.

On a cumulative basis, 90% of the capital invested by Ventures has been deployed in 2021 YTD, reflecting the accelerated pace of Coinbase Ventures in its fourth year of operation. 50% of the new unique “logos” in the portfolio have also come in 2021.

Motivation & philosophy

Coinbase Ventures primary mandate is to support the growing crypto ecosystem. As such, we invest broadly across the space in strong entrepreneurs driving crypto forward. We want the crypto ecosystem to bloom and are not focused exclusively on specific outcomes (as is typical with corporate venture capital).

Ultimately, we see crypto as a rising tide, and growth in the ecosystem lifts all boats — Coinbase included. Traditional strategic benefits, such as commercial partnerships and potential M&A, are great, but we view them as icing on the cake.

Investment Categories

Coinbase Ventures investments range from six-figure seed deals to multi-million dollar growth rounds. There are many ways to slice our investments, but at the highest level we break down the market across the following categories: Protocols + Web3 infrastructure, DeFi, CeFi, Platform + Developer Tools, NFT / Metaverse, and Miscellaneous.

Our current distribution of total investments by company is as follows:

Key Themes & Learnings

*Coinbase Ventures portfolio company

In our most active quarter to date, we saw heavy development across centralized finance (CeFi) in the United States, Layer-1/Layer-2, cross-chain protocols, as well as Web3 tooling. Here’s some of the major themes we observed.

Regulators and centralized players waded deeper into the crypto waters

Regulatory bodies made their presence more widely known in Q3, as the SEC and Treasury Department in the US, and the Financial Action Task Force (FATF) internationally, all stepped up engagement across the crypto ecosystem. This has introduced some forms of regulatory risk for early stage protocols and teams. On the flip side, the largest cap asset scored positive tailwinds in the form of the BTC Futures ETF approval which we believe will allow latent capital to enter crypto markets, leading to significant volumes, inflows, and interest.

Web 2.0 companies like Square, Twitter, Stripe, and Tik Tok also expanded their crypto strategies in Q3. Square announced a Bitcoin based platform for financial services, Twitter revealed future BTC Lightning and NFT integrations, and Stripe announced its return to crypto with a new dedicated crypto team. Tik Tok announced a partnership with ImmutableX* to launch a creator-led NFT collection.

Meanwhile, banks, fintechs, and broker dealers moved to further integrate crypto into their product offerings, enabled by Coinbase Prime, Coinbase Cloud and other third party platforms. All in all, the crypto industry made tremendous strides with respect to maturation and institutional adoption over the quarter.

The multichain ecosystem hit its stride

Following years of development on solutions designed to alleviate bottlenecks on Ethereum, scaling is finally here with a range of Layer-1 and Layer-2 ecosystems taking off. The majority of the current traction is on solutions leveraging EVM (Ethereum Virtual Machine) compatibility, allowing users and developers to migrate to new environments with relatively low switching costs. Users can access EVM compatible L1s like Avalanche, or sidechains/L2s like Polygon*/Arbitrum*/Optimism* with their existing wallets. Solidity smart contracts can also be generally copy + pasted to any EVM compatible L1/L2, which has led to implementations of popular DeFi applications across multiple chains.

As CeFi exchanges have been slow to integrate with these new L1s/L2s, we saw traction across newly launched cross-chain bridges. These bridges facilitated the movement of billions in funds from Ethereum to various L1s/L2s.

While EVM compatible applications written in Solidity saw the most traction on L1s and L2s in Q3, other ecosystems are bringing more expressive programmability to the table. New primitives focused on more familiar programming languages like Rust (Solana, Polkadot), Golang (Cosmos), and Move (Facebook Diem*, Flow*) may usher in a wave of new Web 2.0 developers to the industry.

Better Web3 UX is on the way

In Q3 we saw further development of Web3 tooling that will simplify the experience of Web3 interactions. XMTP* is spearheading a messaging standard across Web3 addresses. Spruce* is standardizing “OAuth” (open authorization), which will allow users to securely share digital credentials, private files, and sensitive media with Web 3 applications. Snapshot* is making it simple to access governance forums and decisions across Dapps.

Meanwhile, a tremendous amount of work is being done to create added security for Web3 applications. OpenZeppelin’s decentralization effort, Forta*, is making progress on real-time security monitoring of smart contracts with the goal of providing more transparency around smart contract code execution, detection of bugs, and eventually, the prevention of hacks in real-time. Similarly, Certik* is providing a “fast-and-easy” automated audit tool to help Dapps go-to-market more quickly.

Simultaneously, the DAO tech stack continues to evolve, with the technical and legal formation of on-chain communities beginning to take hold. Syndicate* (among others) aims to be the “AngelList of crypto” through the creation of a decentralized investing protocol and social network.

NFT 2.0 & crypto gaming took flight

Q3 also saw a ton of development focused on NFT creator tools that will ultimately broaden the scope of NFT use cases and audiences while creating new social features.

Meanwhile, NFT based gaming continued to accelerate led by Axie Infinity, as its play-to-earn model took hold in emerging markets (Philippines, Brazil, India among others) attracting 2M DAUs and generating over $2B in revenue. Loot Project also captivated the industry by introducing an inverted model for game development. This was done by first releasing NFT based game assets to the public in order to bootstrap a community and incentivize further development.

Stay tuned

Stayed tuned for more insights and updates from the Coinbase Ventures team in the future. Also check out previous editions of Around The Block that you may have missed:


Coinbase Ventures 2021-Q3 activity and takeaways was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.


Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto News

Argentine Crypto Exchange Lemon Sheds Roughly 100 Jobs, Citing Challenging Industry Conditions

Published

on

Argentine Crypto Exchange Lemon Sheds Roughly 100 Jobs, Citing Challenging Industry Conditions


Lemon had planned to deploy almost the entire amount on its expansion in Brazil. Given the current context, its move into the South American country will be “more strategic and niche,” Cavazzoli said. The exchange put plans to expand into Chile, Colombia, Ecuador, Peru and Uruguay by the end of 2022 on the back burner.


Source link

Continue Reading

Crypto News

It’s time for crypto fans to stop supporting cults of personality

Published

on

It’s time for crypto fans to stop supporting cults of personality

Many of the centralized cryptocurrency platforms that collapsed this year had something in common: a young, outspoken and cocky leader. Each gained outsized influence not by virtue of outsized intellect or talent but because of their piles of money and large Twitter followings. And each time, misplaced trust in their abilities resulted in disastrous consequences. 

If crypto wants to avoid similar catastrophes in the future, it’s time for us to rearrange our leadership priorities. We need to ditch the cults of personality.

The theater of crypto on Twitter

Before FTX collapsed, founder Sam Bankman-Fried (SBF) had garnered a reputation as one of the loudest voices in the industry. He was active in the political world and frequently commented on what was happening in Web3.

Related: Disaster looms for Digital Currency Group thanks to regulators and whales

But perhaps most notable was his active involvement in a myriad of Twitter feuds and spectacles. SBF first stepped into the spotlight as the successor of SushiSwap after Chef Nomi abruptly abandoned the project — a drama that played out almost entirely on Twitter’s public stage. His ensuing Twitter antics, combined with the image of unstoppable success that FTX was broadcasting far and wide, gained him more than a million followers.

But even as SBF’s influence grew, it seemed he just couldn’t resist shitposting, regularly engaging with other Twitter users who threw stones.

Indeed, SBF’s penchant for Twitter drama played an important role in exposing FTX’s insolvency. It was his recent spat with CZ that ultimately led to the run on FTX’s deposits. His attention-grabbing antics carried on through the current ordeal, culminating in a bizarre series of cryptic tweets.

The loudest voices in the room

While SBF is the latest example of an industry figure whose highly public Twitter presence led to a highly public downfall, he certainly isn’t the first. Do Kwon and Su Zu, who were both at the center of monumental collapses earlier this year, were also notorious trolls. Do Kwon infamously sent an arrogant series of tweets just before Terra’s downfall, while Su Zhu’s infamously elusive comments during the 2021 bull run didn’t age well, either.

But, the leaders of failed platforms aren’t the only ones guilty of social media braggadocio. Binance’s CZ, after all, was just as guilty as SBF of engaging in their public Twitter feud earlier this month. Digital Currency Group’s Barry Silbert, who has been at the center of alarm related to the FTX fallout, has also garnered a reputation as a shitposter.

There are many, many more tweeters who have used online spectacle and trolling as a means of controlling the industry conversation. Think Ben Armstrong (aka “Bitboy”) and Jim Cramer, to name just a couple more. There’s a small army of them. And, even though many are purged in each bear market, their successors are increasingly turning into powerhouses too vocal and influential to ignore in the space.

We need to end the cults of personality

So what’s the solution? How can we better identify this personality type and use this recognition to avoid future pain?

Related: 5 reasons 2023 will be a tough year for global markets

Instead of focusing on building cults of personality, the crypto community needs to focus on platforms and leaders building products that use web3 primitives to solve problems in a manner that’s orders of magnitude better than anything we’ve experienced before. The crypto community needs to stop listening to the loudest voices in the room and start listening to the wiser, more experienced ones — even if they are sometimes quieter. And by the same token, we need builders with experience in creating real value for users to speak up more.

Ultimately, the answer lies with us and with the people that we, as an industry, choose to lionize. We need to learn how to identify and support builders building transparent, secure, high-quality applications and decentralized applications — regardless of how many followers they have.

Corey Wilton is the co-founder and CEO of Mirai Labs, the international gaming studio behind Pegaxy. A renowned speaker and play-to-earn thought leader, he began his first company within crypto in 2018, a customer support service designed to assist cryptocurrency companies with their customer service.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.


Source link

Continue Reading

Crypto News

Good Or Bad Read Our Review

Published

on

Good Or Bad Read Our Review

About lithiumhosting Web Hosting

lithiumhosting Web Hosting Family Owned and Operated and 100% investor free, Lithium Hosting was founded in 2006 on a simple concept: good web hosting shouldn’t be expensive. There was once a day when providing affordable and reliable hosting meant you had to sacrifice quality of service – not anymore. Because this remain small, lean and agile, they are able to minimize overhead and offer quality service at a low price. And with a wealth of satisfied customers, this like to think they’ve done pretty well so far.

They pride yourselves on customer service and customer satisfaction. They encourage feedback, criticism and feature requests. Please let know if there is a product they don’t currently offer that you might be interested in. At the same time, let know how they are doing or what can do to improve your service offerings and product lineups. From website design and usability to product price and features, they hope you will tell what is on your mind.

lithiumhosting Web Hosting Overview

Hosting Namelithiumhosting Web Hosting
SupportVia Email, Live chat support, 24/7/365 Call Support or ticket systems
Website UrlClick Here To Visit
Speed67 ms (Mumbai)
Uptime95.97% (last 365 days)
Data CentersData centers in Asia, America, Africa, Australia and Europe
Backups and RestorationAutomatic daily backups for free
Stored offsite for 10-30 days (as per plan)
1 click Restoration
No easy options for manual backup
Migration50 cPanel accounts or 10 non-cPanel accounts for freeOnly valid within 60 days of purchase
Rating9.6
Affiliate SystemNot Available
FeaturesMaximum Performance, Web Apps and Fortification, Free Let’s Encrypt SSL, Maximum Security, 99.8% Uptime Guarantee, Money Back Guarantee
Security SSL Certificates, Domain Transfer, Domain Registration, cPanel Reseller, Shoutcast/Icecast Reseller, Live Video Streaming
Developer ToolsPHP 8.0, NodeJS, Python, Perl, Bash, Laravel, SSH and SFTP Access, etc.
Add-OnsVarious SSL Certificates, Email Spam Filtering, SiteLock, Marketgoo
Hosting PlansCloud Shared Hosting, Business Cloud Hosting, Cloud Reseller Hosting
Payment MethodsInternational debit and credit cards, Visa, PayPal, American Express, Maestro and Mastercard
Refund Policy30-days money back guarantee
PricingStarting from $4.95/Mo

How To Migrate Your WebSite To lithiumhosting Hosting

It is very easy to transfer your website from exiting host to new hosting. lithiumhosting Hosting Offer Free Migration Service After Purchase Request Free Migration & Support Team Of Do The Rest.

lithiumhosting Hosting Price

lithiumhosting Price Start From $4.95/Mo. This Hosting comes with Cloud Shared Hosting, Business Cloud Hosting, Cloud Reseller Hosting. Each of the plans is suitable for the type of business you have, and they all have one goal – to make your website stand out from the rest.

lithiumhosting Server Response Time

One of the most important things to look for in a web hosting solution is its speed. You want your websites, web applications, and their content to load at a lightning-fast speed. That’s possible only when the web hosting solution qualifies for speed tests and analysis.

This makes it essential to review for its speed, server response time, uptime, and other factors that influence a website’s speed. So, let’s get to it.

Speed Test Result

lithiumhosting

lithiumhosting Uptime Test

Your website is no good if it remains down. The entire functioning and uptime of your website are dependent on the hosting solution that you use.

lithiumhosting Data Centers Location

The more data centers that a cloud hosting solution has, the better. This is constantly focusing on increasing its reach and hold across the world.

The states or cities where the data centers of the cloud solution are located are-

  • Asia
  • America
  • Africa
  • Australia
  • Europe

lithiumhosting Security

In any web hosting platform, security and technology play a major role in the company and customer success. Well, if you own a website, you need to keep it safe from online threats, right? This is where they proves to be a savior with its impressive security features. 

  • SSL Certificate: Don’t risk buying elsewhere and getting it wrong as a small typo or selecting the wrong option could prevent your certificate from working and prevent successful installation. Let do the hard work for you.
  • Server Audits – Your team is constantly auditing your servers to ensure that you are always protected and running smoothly.
  • Money-back guarantee – They know that not everyone has the same needs. That’s why offer a 30 day money back  guarantee if you feel your services aren’t right for you.
  • Malware Scanner: It scans for malware on your website and fixes all kinds of online threats. It is available for free on the Turbo Shared hosting plan.
  • 24/7 Monitoring: This team is always monitoring your server and your network to provide the maximum protection against online threats and attacks.
  • World-class support: You’ll be delighted with your customer support team, who are always ready to help you with any hosting queries you may have.

lithiumhosting Affiliate Program

lithiumhosting also has an exciting affiliate program put in place where you can earn a commission by referring people to lithiumhosting.

They have different levels decided according to the number of affiliates. You can easily calculate your estimated earnings through these levels.

Does this sound interesting to you? Wondering how you can become an affiliate on lithiumhosting? Well, you simply need to sign up as an affiliate and share referral links to promote hosting. 

lithiumhosting Hosting Features

Daily Backups

They provides daily backups for your websites to ensure that you never lose any content or important business information.

lithiumhosting Refund Policy

Similar to other hosting, you get a 30-day refund guarantee on lithiumhosting. This is great if you wish to test out all the features of the hosting plan and then decide if it is right for you!

However, it only applies to hosting services. If you purchase a domain or any add-ons along with your hosting account like SSL, Email Security, SEO Tools, etc, they won’t be refunded. 

Payment Methods

They accept payments through International debit and credit cards, Visa, PayPal, American Express, Maestro and Mastercard.

Global Available

One of the best features that a hosting solution can have is to be expanded worldwide. This is one of those providers that work hard to gather more audience globally and to keep it. This web host is spread on continents –America, Europe, Asia, and Australia. Since its beginning, this has managed to put data centers globally that care about the speed and the performance of the hosting platform. More precisely, the data centers are located in Beauharnois, Canada.

Maximum Performance

Speed matters, which is why ApisCP is built with meticulous consideration for all components. On average ApisCP’s backend can process over 13,000 privileged commands per second. Privilege escalation through careful API calls to its backend is just one way security comes first.

Web Apps and Fortification

Effortlessly setup and automatically update WordPress, Joomla, Drupal, Ghost, Laravel, Magento, and Discourse from within ApisCP. Setup SSL + create restricted write-only profiles for PHP applications with Fortification.

Free Let’s Encrypt SSL

One-click setup + renewal of Let’s Encrypt SSL. Take advantage of HTTP/2 with easy, free SSL sponsored by Let’s Encrypt. Wildcard SSL included to protect all subdomains.

maximum Security

All users are isolated in their own virtual filesystem, the firewall is constantly monitoring and blocking bad actors, Rspamd and Spam Assassin are keeping mailboxes free of spam and the self-healing platform is constantly updated and secure.

99.8% Uptime Guarantee

Your average uptime is over 99.9% which is roughly 45 minutes of downtime per month. Server restarts take less than 3 minutes and software updates rarely impact service which translates to more uptime for your website!

Money Back Guarantee

They’re so confident you’ll love your service, they offer a 30-day free trial and an unprecedented 90-day money back guarantee. Add those together and you have the best guarantee in the industry.

Website Migration

This also comes with a free website migration. This means that if you already have a website that is hosted by another provider, you can easily migrate it to lithiumhosting

Now FAQ Time


Source link

Continue Reading

Trending