Unbanks Monthly Update #1 October 2021
Dear Advisors, Investors, Supporters and MVP users!
Welcome to the Unbanks monthly update, industry insights and a few asks!
We will also send a weekly update with web 3 insights, interesting crypto/defi/NFT projects.
Funding
We are working through our SAFT agreement to raise 5 million USD in a private token sale, we will be sharing our tokenomics details in an upcoming email. Please do let us know if you or a contact is interested in subscribing as we are already 12% filled.
Hiring
We have a role open for content marketing and community growth manager, would you or someone you know be interested in helping build a web3 startup? Soon we will advertise the role but we wanted to announce it to our members first (And follow us there and on twitter if you are not already doing so to stay up to date with open roles at Unbanks!).
Product development
We have made great progress on our backend platform, we have to keep it centralised as we are dealing with anonymised banking data, using IPFS for the actual data storage could be a bit tricky, however we are going to be storing our API calls on IPFS for easy audit by customers or investors (So they can confirm we are pulling the data through open banking and not making it up!).
Customer Market Research
We have completed initial customer validation and as a prospective Unbanks customer told us “Opt in data is a compliance slam dunk for us”, now our task is getting the data!
Advisors
We can’t succeed without great guidance which is why we joined the Outlier Ventures filecoin accelerator program! Through outlier we have engaged with mentors that are helping us with marketing, branding, legal, accounting plus much more!
Building in public
We have made the decision to build out web3 startup in public, you can follow along and ask any questions on twitter here
We will share our OKRs soon, what would you like to see from us regarding building a web 3 startup? i.e. tokenomics, tech stack, acquiring customers/users, community building? let us know on twitter here
Asks:
- Please do let us know if you or a contact is interested in subscribing to our Seed round, it will be done via SAFT (Token sale) and we are going to begin raising in December
- Please do let us know if you, or a friend would be interested in joining Unbanks and helping build the future of web 3 data unions — and follow us on twitter if you are not already doing so!
- Refer a friend and get into our upcoming beta quicker!
Web 3 Industry News
- Twitter enables tipping with bitcoin
- According to Gucci, it’s “only a matter of time” before major fashion houses get into non-fungible tokens (NFTs).
- Chinese celebrities like Gigi Yim turn to NFTs to expand fan engagement and tap new sources of revenue.
- Meta4 Capital will invest up to $100M in rare NFTs.
- US offers deal to woo Europe on data.
- Digital sovereignty and data sovereignty.
- Federal regulators want to know what Big Tech is doing with your financial data.
- “Big Tech companies are eagerly expanding their empires to gain greater control and insight into our spending habits,” CFPB Director Rohit Chopra said in a statement.
- Polkadot (DOT) founder announces $774 million development fund for DeFi
- Portfolio rebalancing through DeFi must be simplified to see adoption
Best,
Ger & Al — Founders, Unbanks
P.S. If you want to be taken off this list, just send an email back and we will remove you.
