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Hiya. Welcome to the currencyjournals Crypto E-newsletter.
This week, Starbucks ended its Odyssey NFT program launched in 2022, Solana continues its meme coin momentum, and India faces additional challenges within the cryptocurrency area attributable to a authorities crackdown.
See beneath for particulars.
this week's web3
- Cryptocurrency alternate OKX suspends companies in India
- Solana heralds a brand new spherical of meme coin mania
- How did cryptocurrency alternate Backpack discover its method to success after the demise of main investor FTX?
- Starbucks discontinues Odyssey NFT program
- Blockchain expertise could possibly be the reply to deepfake detection and content material verification
course of numbers
Cryptocurrency market costs fell this week, however had been nonetheless comparatively sturdy in comparison with the earlier month.
On the time of publication, Bitcoin was down 6.5% this week to $67,300 and was up 32% month-on-month. Ether, the second-largest cryptocurrency, fell 8.6% this week to $3,550, based on knowledge from CoinMarketCap. The market capitalization of cryptocurrencies decreased by 6.3% throughout the identical interval to $2.55 trillion.
newest pod
Chain Response runs a month-to-month collection that delves into numerous subjects and themes in cryptocurrencies. This month we’ll concentrate on the mixing of blockchain and AI.
On this week's episode, we interview Tegan Kline, CEO and co-founder of Edge & Node.
The corporate focuses on creating and supporting decentralized purposes (dApps) and protocols. It was additionally the unique staff behind The Graph, an indexing and question protocol aimed toward organizing open blockchain knowledge and making open knowledge a public good, or what some have dubbed the Google of Web3 .
Teagan began her profession in funding banking and moved on to work as an govt VP within the blockchain-powered and AI-analyzed patent market. This started her profession in Web3, knowledge and AI options. Earlier than co-founding Edge & Node, Tegan labored as a world enterprise growth supervisor for Orchid, her VPN backed by a16z and Sequoia VC.
This episode is a part of Chain Response's month-to-month collection that explores numerous subjects and themes in cryptocurrencies. This month we’ll concentrate on the mixing of blockchain and AI.
Tegan and I discuss The Graph Community, knowledge indexing, widespread use instances on the web, and its New Period Roadmap introduced in November 2023.
It additionally explains:
- Graphs that implement AI options
- What dApps deliver to AI in the long run
- Why doesn’t AI care about cryptocurrencies?
- Profession leap to Web3
apply Chain response upon apple podcast, spotify Or atone for the newest episodes utilizing your favourite pod platform. In case you like what you hear, please depart a overview.
observe the cash
- Ex-Grindr govt and husband launch Rails as decentralized FTX various with $6.2 million spherical
- Avalanche Basis Declares $1 Million Liquidity Mining Incentive Program “Memecoin Rush”
- Morph raises $20M in seed and angel funding in EVM Layer 2
- Mantra raises $11 million to increase real-world asset tokenization in MENA area
- In the past raises $2.5 million to make DeFi extra accessible by way of all-in-one platform
This checklist was compiled utilizing data from Messari and currencyjournals's personal reporting.
what else are you writing?
Able to step outdoors the world of Web3? Listed here are some currencyjournals articles that caught our consideration this week.
- Reddit's IPO value hits new excessive at $34 per share
- NBCUniversal's Peacock allows you to watch 4 dwell streams concurrently for the 2024 Paris Olympics
- Astera Labs IPO reveals how a lot buyers anticipate from AI
- After elevating $1.3 billion, Inflexion will get eaten alive by its largest investor, Microsoft
- Late-stage enterprise capital may stop startups from going public in 2024
