Texas Blockchain’s State of the Market
5/10/2021-5/17/2021
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Market Summary
Top Stories
Zapper Raises $15M to Build On-Platform Dashboard
Zapper, the DeFi dashboard, raised a $15M Series A. The startup has exploded the last 12 months, with 54 DeFi protocols supported and over $3B in total transacted volume. It’s raising the money to build out a mobile app and App Store with the goal of bringing the community into feature building by allowing members to build stand-alone apps that integrate with their platform. Mark Cuban & Ashton Kutcher participated in the round.
Bloomberg: Ethereum Is to Fintech as Bitcoin is to Gold
Bloomberg released their monthly Crypto Outlook Report for May. In it, they note how Bitcoin has become a mainstream part of portfolios playing a similar role to gold. They suggest that Ethereum can be the equivalent for investors interested in DeFi - a way for investors to get exposure to the emerging space.
‘Probable’ UK will Launch Digital Currency
On Thursday, the deputy governor for the Bank of England said it looks “probable” that the UK will need to issue some form of digital cash to keep people’s confidence in the availability of money. Their potential launch of a stablecoin is a potential way for the bank to head off consumers fleeing to already existing private stable coins.
SushiSwap Launches MISO Token Launchpad
Sushi, a decentralized exchange, launched the MISO token launchpad today. Through MISO, users can launch new projects and tokens with out of the box “ingredients” to set up token supply and auction styles. This tool should make it easier than ever to launch new projects and gain support.
eBay Allowing Sale of NFTs
eBay is beginning to allow the sale of NFTs on its marketplace. If sellers of NFTs satisfy eBay’s standards, they’ll be allowed to use the platform to sell their art. eBay is also considering adding crypto as a form of payment for non-NFTs on the the platform.
Continued Reading
Andreesen Horowitz Outlines Thesis for Crypto Fund II
Terra Hackathon Winners Announced
Delphi Announces NFT Fund
Chart of the Week
This chart, pulled from Delphi Digital, shows that over the past year, ethereum tokens have been meaningfully flowing out of exchanges and into the DeFi ecosystem. Ethereum actually entering the ecosystem is strong evidence of a maturing space and may be part of the reason for the strong rally
Video of the Week