Posted In:

Ethereum, DeFi

Go DAOddy


Nov 13, 2021


Posted In:

Ethereum, DeFi


Nov 13, 2021



If you owned your web3 domain name as of October 30th, you would’ve made a cool $15k just for owning it.

The Ethereum Name Service (ENS) - a protocol that issues non-fungible tokens (NFT) that can represent Ethereum addresses as well as web domains (the web3 equivalent of GoDaddy), launched an airdrop portal for its newly issued ENS token this week.

Airdrops are a token distribution method that awards a portion of circulating tokens to Ethereum addresses that fulfill certain parameters, such as having purchased an NFT.

In what may be a first and in an effort to distribute voting rights - ENS became a Decentralized Autonomous Organization (DAO) overnight and launched a governance token. In order to claim allocated tokens, users had to vote on four articles of a foundational ENS governance constitution.

For those asking, livingonaprayer.eth is still available. I’d reckon it won’t last long #wagmi

Portfolio News

MoneyLion reports record third quarter 2021 results - Congrats to MoneyLion on an exceptional first quarter as a public company. Some highlights include: net revenue increased 91% to $44.2m, compared to $23.1m in Q3 2020, gross profit increased 146% to $27.0m, compared to $10.9m in Q3 2020, and and adjusted gross profit margin came in at 64%, compared to 55% in Q3 2020. MoneyLion also reiterated its recently increased annual outlook for fiscal year 2021 of adjusted revenue of $155m and adjusted gross profit of $100m that was previously announced on September 8, 2021. Read more

Landry's and NYDIG announce bitcoin loyalty rewards - This partnership will allow Landry's Select Club members to earn bitcoin points when dining at any of its 500 locations nationwide, with the potential benefit of realizing better buying power for the customers' points based on bitcoin appreciation over time. The offering will be powered by NYDIG's secure, regulated, full-stack platform. Read more

Ocrolus and Blend announce partnership to automate end-to-end mortgage process - Ocrolus and Blend, a leader in cloud banking software, today announced a strategic partnership which will embed Ocrolus' Human-in-the-Loop (HITL) document analysis solution within the Blend platform to accelerate digital mortgage applications. The partnership will focus on document automation, initially on classifying documents and capturing data for mortgage applications and potentially extending into other business areas in the future. Read more

Flutterwave pursues aggressive expansion strategy across Africa with Disha acquisition - The Silicon Valley-based startup announced this week that it has acquired Disha, a Nigerian platform that allows digital creators to curate and receive payments from their content and portfolios worldwide. Flutterwave’s Founder and CEO Olugbenga ‘GB’ Agboola said the investment is a way for the cross-border payments startup to provide new opportunities for freelancers and creators. Read more

Altus acquires Reonomy - Altus Group Limited, a provider of software, data solutions and independent advisory services to the global commercial real estate (CRE) is to acquire portfolio company Reonomy, an AI-powered data platform for the CRE industry, for $201.5m, subject to adjustments. Read more

LendIt Fintech PitchIt Podcast #26: Carlos Alonso Torras of Fintech Collective - On episode 26, PitchIt featured Carlos Alonso Torras of Fintech Collective: Principal at the firm and head of its efforts in emerging markets. Read more

Go DAOddy

Ethereum Name Service jumps to $1b market cap after airdrop of ENS token - ENS, the governance token of Ethereum Name Service, hit a market capitalization of $1.15b earlier this week, which is equal to about 10% of the value of GoDaddy, the 24-year-old internet domain registrar and web hosting company. Like GoDaddy, Ethereum Name Service makes money when people register and renew domain names. Unlike GoDaddy, the Web3-native project is itself a naming protocol. Read more

Early Ethereum Name Service (ENS) adopters rewarded with a hefty five-figure airdrop - Early adopters in the cryptocurrency market have once again been rewarded for their bravery and exploration after the popular Ethereum Name Service protocol, which issues nonfungible tokens that double as Ethereum addresses and web domains, distributed an airdrop for its new ENS decentralized autonomous organization (DAO) token. Read more

Industry News

Single-family rental firms eye Zillow’s housing stock - Big investment firms are looking at buying some of the thousands of homes that Zillow is preparing to unload as it dismantles its home-flipping business. Unlike Zillow, many of the firms aren’t interested in making a buck on a quick flip. Instead, they want to capitalize on the booming business of acquiring homes and renting them out to families. Read more

‘Every firm is talking about it’: Venture capital is having its New York moment - In the 1980s, venture capital firm Sequoia set a tone for the tech investing industry with a Silicon Valley-first mantra: if we can’t ride a bicycle to it, we won’t invest. Today, that motto’s playing out a bit differently: on the streets of New York City, over Citi Bike. Read more

Investors throw cash at any ETF with ‘inflation’ in the name - Endless demand to protect portfolios from rising prices is fueling an indiscriminate boom in one corner of the $7.2t U.S. exchange-traded fund market. Every single ETF with the word “inflation” in either its name or description has posted inflows so far this year, according to data compiled by Bloomberg -- a rare degree of one-way conviction among the investing masses. Read more

Lemonade set to buy insurer Metromile in its first takeover - Lemonade, which went public last year, last week debuted an auto-insurance product called Lemonade Car, currently being sold in Illinois with plans to roll out the offering in other states. Buying Metromile helps New York-based Lemonade build up that business while giving it auto-claims data and a team that’s worked in the business for a decade. Read more

Morgan Stanley gives rich customers what they want: hot startups - The firm is building an a-la-carte menu of private-share offerings for its wealthiest clients, executives said. The program is expected to go live next year and will be overseen by a new hire, Mike Gaviser, who previously held senior fundraising jobs at KKR and AllianceBernstein. The price of admission: at least $20m in assets. Read more

Robinhood security breach exposes data on millions of users - The intruder obtained email addresses of about 5m people as well as full names for a separate group of about 2m, Robinhood said in a statement. For some customers, even more personal data was exposed, including names, birth dates and ZIP codes of about 310 people, and more extensive information belonging to a group of about 10. Read more

You’ll be able to pay for Amazon purchases with Venmo starting in 2022 - Details on the Amazon partnership are scarce right now, but if you’ve got a US Venmo account, PayPal says you’ll be able to use it to make purchases at both Amazon’s website and its mobile app starting in 2022, and you’ll be able to use either your Venmo balance or a linked bank account to pay. Read more

Elon Musk’s Twitter poll results favor Tesla stock sale - Mr. Musk on Saturday put the potential share sale up for popular vote on the social-media platform as he waded back into the debate over how some of the wealthiest Americans should be taxed. Read more

Rich millennials to financial advisers: thanks for the golf invite, but you can’t invest my money - More rich young investors are opting to go without a traditional financial adviser. Instead, they are betting they can get good-enough investment options from do-it-yourself digital platforms that are cheap and easy to use. Many also want to invest in riskier assets, like cryptocurrencies and tech startups, that mainstream advisers often don’t offer. Read more

Klarna debuts US-based pay in 4 subscription service - The BNPL platform expanded its offerings for U.S. consumers and retailers to include flexible payment for subscriptions. It is the first company in the country to offer a tool to manage payments for quarterly and annual subscriptions, memberships and more. The expansion allows consumers to pay for their beauty, apparel and fitness purchases in four interest-free payments and track it through the Klarna app. Read more

Wall Street banks push into Europe’s private capital markets - Senior executives at Goldman Sachs and JPMorgan Chase said they were focusing expansion efforts on their private placements businesses amid a broader feeding frenzy in capital markets. They are betting that the increase in fundraisings by private companies will prove to be more than a temporary boom. Read more

Alibaba Singles’ Day posts record sales - The 2020 edition roughly doubled sales from the prior year, as Alibaba added several days and additional services to the count. But the festivities this time around have been more low key, with Alibaba seeking to turn the focus from sales growth to its efforts in sustainability and philanthropy -- key pillars of President Xi Jinping’s drive to achieve “common prosperity.” Read more

Select Financings

Alt - Remote first alternative asset investing platform raised $75m in Series B funding led by AngelList founder Naval Ravikant and Accomplice founder Jeff Fagnan's Spearhead. Read more

Atomic - San Francisco based provider an API for fintech companies and banks to launch investment products raised $25m in Series A funding led by QED Investors and Anthemis. Read more

Block Renovation - New York based home renovation digitization platform raised $50m in Series C funding led by SoftBank. Read more

CacheFlow - Sunnyvale based provider of embedded financing solutions for enterprise SaaS raised $6m in Seed funding led by GGV Capital. Read more

Founders First - San Diego based revenue-based investment firm raised $11m in Series A funding from investors including Rockefeller, Kellogg, Pivotal Ventures, a Melinda French Gates company, and the MacArthur Foundation. Read more

Houm - Chile based proptech startup raised $35m in Series A funding led by Goodwater Capital. Read more

Isaac - Brazil based payments, communication, and software company for schools raised $125m in Series B funding led by General Atlantic. Read more

Jumo - South Africa and London based platform for building fintech products raised $120m in new funding led by Fidelity. Read more

Lendtable - San Francisco based fintech company focused on 401(k) and employee stock purchase plan benefits raised $18m in Series A funding led by O1 Advisors. Read more

Matter Labs - Berlin based developer of Ethereum rollup scaling solutions raised $50m in Series B funding led by a16z. Read more

MFS Africa - Ghana based digital payments network raised $70m in Series C funding led by AfricInvest Five, Goodwell Investments and LUN Partners Group. Read more

Notabene - New York based crypto compliance SaaS raised $10.2m in Series A funding led by F-Prime Capital and Jump Capital. Read more

Payitoff - New York based student loan repayment platform raised $8.5m in Seed funding led by Lightspeed. Read more

Saddle - San Francisco based market maker focused on trading between pegged value crypto assets raised $7.5m in funding led by Polychain and Electric Capital. Read more

Socure - New York based digital identity verification platform raised $450m in Series E funding led by Bain Capital and Tiger Global. Read more

Stori - Mexico based consumer fintech startup raised $125m in Series C funding led by GGV Capital and GIC. Read more

Wrapbook - New York based payroll software provider for the entertainment industry raised $100m in Series B funding led by Tiger Global. Read more

ZenBusiness - Austin based software maker for businesses raised $200m in Series C funding led by Oak HC/FT. Read more

Zenwork - Arkansas based digital tax compliance and regulatory reporting software company raised $163m in growth funding led by Spectrum Equity. Read more

Zilch - London based buy now, pay later startup raised $110m in new funding led by Ventura Capital. Read more


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