Each Monday of the week I highlight interesting projects, news and data that has caught my attention. Not another newsletter I hear you cry…. but I promise to try and focus on lesser well known projects, founders or the like. The dominant narrative will be crypto with a wider macro lens but I’m not immune to spotlighting other notable technology developments within the last week. I promise no GPT-3 mentions this week.
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I woke up this morning and saw this image on my timeline from Shaun Heng. An important reminder to start the week off don’t you think?
Macro
Moving on to the hot topic of the year — inflation. The popular discourse is that inflation will remain elevated in the 3–4% range in a post covid, nationalist world where supply chains and energy production will on-shore. Bear markets bring out the doom and gloom in most market participants but I’m personally in the unpopular camp that the recent ascent in inflation will be followed by a somewhat similar descent back to pre-covid levels. To be fair I was in the ‘inflation is transitory’ camp so take that with a pinch of salt. That said, data on Personal Consumption Expenditure Prices (PCE) inflation last week came out much lower than expected at 2.6% at an annualized rate in October, far below its peak of 7.5% in June. Claudia Sahm wrote the best piece on the inflation picture last week which I’d recommend reading here s/o to Hal Press for sharing on Twitter. The European picture doesn’t look much better…..
If you’re interested in macro chart porn, I’d recommend following Charlie Bilello.
Crypto
I’ve been spending the last week reviewing 10+ startups that applied to Alliance DAO next cohort — All10. I have been part of the Alliance DAO community since the early days as a community member and mentor and I’m looking to step up my involvement in supporting projects. If you are thinking of applying or have already applied please reach out and I’ll do my best to give you honest feedback. I used to build and run incubators across tech and finance so I might have got the inflation forecast wrong but I tend to know what to look for in early stage crypto projects!
The early application deadline is over but you can still apply as the ultimate deadline is not for another two months. Apply here: https://alliance.xyz/apply
The Devs, they keep on building! ETHIndia and Starknet CC just wrapped up their multi day events and you’d be forgiven for thinking crypto was in a bear market. As Richa from push protocol notes in her thread here we had 2000+ devs from 321 cities who built 450+ Web3 projects!
The love for the StarkNet ecosystem was also very promising in India. Argent provide a nice tweet summary of the event here. Congrats to the three winners of the hackathon:
NFT Craft: https://devfolio.co/projects/nft-craft-1196
Stark Wallet: https://devfolio.co/projects/stark-wallet-4605
NFTY Gateway: https://devfolio.co/projects/nfty-gateway-22d5
Ribbon Finance are rolling out the red carpet for VIPs. You’ll need $250,000 USDC deposited in their ETH put selling vault or the equivalent in their other vaults to qualify as a VIP whale. Do you make the cut anon?
I’ve been working with a couple great founders Pol and Noe recently on a number of web3 experiments. One of their most recent and novel experiments is called WalletRoulette:
The keen eyed among you may notice the similarities to the famous application we all know and (love) Chatroulette!
Unlike Chatroulette which is largely filled with grotesque male body parts on camera, WalletRoulette leverages XMTP — The open protocol for secure web3 messaging to enable users to login with their crypto wallets and chat with other crypto users 30 minutes per day at random times. Think BeReal mixed with Chatroulette. I think it’s pretty fun and unique but I’m biased! reach out to Pol or Noe if you’d like to learn more.
That’s it from me this Monday. I promise to try to keep each newsletter short and sweet with a highlight on areas of the market that may get overlooked.
Disclaimer
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