A New Lease 🌸
Javascript is now compatible with smart contracts, Paris Hilton and The Chainsmokers invest in CreatorDAO, Funding for Indian web3 startups
Hi there! 👋
Welcome to the mesha tribe: a weekly newsletter by mesha that brings you the latest updates on funding, DAO news and governance to help you take your project #ToTheMoon🚀
In this edition, we discuss:
· Weekly treasury changes of top DAOs
· The best deals brewing this week
· Latest news in web3
· Updates from mesha
· Good reads
Subscribe to the mesha tribe for a weekly dose of best industry practices, management tactics, and growth hacks.
Top 5 DAOs by $AUM
💰💰💰 Incoming
Injective Boosted With $40M, Led By Jump Crypto
Injective, the decentralized smart contracts platform, got a boost of $40M from Jump Crypto and BH Digital, an arm of Brevan Howard, among others. The firm plans to use the money to increase utility of its INJ token, improve liquidity for existing DApps on the platform and support new DApps.
Fortress Blockchain Gets $22.5M Seed Funding
Fortress Blockchain Technologies, which is an end-to-end web3 infrastructure firm supporting wallets, payments, tokenization, fraud risk mitigation, etc. raised $22.5M in funding led by Ayon Capital. The funding will primarily be used to bolster its sales team.
CreatorDAO Attracts $20M in Seed Funding
Web3’s creator economy funder, CreatorDAO got $20M in funding from a16z, Initialized Capital, Liquid 2 Ventures, among others. Paris Hilton and The Chainsmokers are among the angel investors, promising to share their expertise with the community.
Pinata Infused With $18M From Greylock, Pantera
NFT infrastructure firm Pinata has raised $18M in funding from Greylock Partners and Pantera, among others. It partners with OpenSea, DraftKings, Protocol Labs, among others, to improve NFT infrastructure for creators
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Web3 📰Updates
1. Javascript Coders Can Write Smart Contracts 💪
Rejoice, javascript coders. Near Protocol is soon rolling out Javascript Software Development Kits that will allow those who know the language to code for blockchain.
There are 20 million+ Javascript coders in the world. They will all be able to write smart contracts with this new development. While the offering will run on Near for now, it is possible that EVM compatible smart contracts could be written in the future.
What’s the big deal? There will be no need to learn a new language to code for web3. Apart from being great news for devs, it’s also a good thing for entrepreneurs, who will now find a much larger talent pool to hire from for their coding needs
2. Institutional Crypto Adoption Sees 📈 Despite Bear Run
Even though crypto is on a bear run, much like every other asset class in the world, institutional adoption for the digital assets are on the rise, according to Wave Financial.
High-end wealth management firms are helping clients get increased exposure at lower rates. For instance, BlackRock recently partnered with Coinbase to increase crypto adoption for its clients.
Why does it matter? With VCs and investment firms increasing crypto allocation, the industry will see a net positive. Increased crypto adoption means more funds for those building in the web3 space.
Additional read: Bitcoin institutional buying ‘could be big narrative again’ as 30K BTC leaves Coinbase
3. New Fund for Blockchain Startups in India
If you are an Indian blockchain startup or operate in the web3 space and are looking for funding, crypto trading platform CoinSwitch has launched a new fund to support those like you.
The “Web3 Discovery Fund” will start with $10 million in its treasury to incubate and invest in early-stage web3 startups. Funded startups will also get access to marquee investors such as Tiger Global, Ribbit Capital, Sequoia Capital India, Buidlers Tribe, etc.
The portfolio startups can also take advantage of CoinSwitch’s in-house capabilities, ecosystem network and its user base of 18M. This can help kickstart the product life-cycle immediately.
📚Good Reads📚
· How to Bake Your Own DAO At Home
· A Crypto Bro Walked Into a Wall Street Bar, And It Went Just Fine
· How To Get Your Brand Ready For Web3 Before Your Tech Is
· An Artist-Designed Metaverse Community Is Taking Shape
DAO Tools
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