Watch the Unbanks team at Outlier Ventures Diffusion!
Watch Al and Ger presenting and chatting about the future of open banking and web 3.
Last week was a big week for Unbanks, Al was on a panel discussion with Simon Taylor of 11FS, Yann Ranchere from Anthemis about the future of Open Banking and then Ger and Al did a fireside chat with Blake from Outlier Ventures.
You can watch it on Youtube by clicking the links below or tap the video:
Panel discussion with Al beginning at 52:26
Fireside chat with Ger and Al beginning at 1:27:07
Dear Advisors, Investors, Supporters and MVP users!
Welcome to the Unbanks weekly update on industry insights!
Here are some interesting crypto/defi/NFT projects we found this week and a couple of quick updates from our side.
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
Web 3, Defi, NFT Industry News
- Outlier Ventures are launching a new Defi accelerator, if you are the future of Defi you should definitely look into it, we can’t recommend the team at Outlier Ventures enough!
- After Major Crypto Sell-Off, Why Did DeFi Stay So Sticky?
“The ability to earn a good yield, risk-adjusted, causes capital to be more sticky and thus TVL to be more resilient. This is often compared to parking capital in 0% interest rate savings accounts or even bonds (which might or might not have a better risk-reward ratio),” he said.
- Sahil Bloom, is creating a DAO to buy the X Games for 50 million from ESPN!
Let’s form a DAO to buy the X Games. Why a DAO? The value of the X Games is in its community of loyal fans. Those fans should participate in the value creation and receive value for their contributions to that community. The price is reported to be ~$50 million — very doable.
- Is Ethereum in any position to trigger a DeFi summer right now?
Ethereum is the base collateral for most DeFi assets. So, a substantial part of the outflows from exchanges resonates with the tokens’ drift into the DeFi ecosystem, apart from private wallets and cold storage.
- Indian billionaire Mukesh Ambani is excited about DeFi
“Blockchain is a technology I believe in and it’s different from crypto. I think smart token is making sure that you are creating transactions that can never be changed,” he said. “Today it still is a world where large companies get easier finance and small companies don’t get easier finance, and the same thing with people, and I think that will change.”
- What Went Wrong at Sushi? Unpacking the DeFi Project’s Woes
Joseph Delong has left Sushi following internal conflict with other developers.
The news comes amid a wave of controversies and several months after co-founder 0xMaki stepped down from a leadership role to an advisory role.
Sushi has historically been controversial but is still regarded as one of the most notable DeFi projects.
- $300,000 Bored Ape NFT sold for $3,000 because of misplaced decimal point
The seller accidentally listed the price as 0.75 ETH instead of 75 ETH, ouch!
- Crypto gaming giant Dapper Labs takes its next shot with Genies NFT platform ‘The Warehouse’
The new platform will allow users to outfit 3D cartoon avatars that they create inside the Genies app with masks, shoes, backpacks and other digital accessories minted on Dapper’s blockchain network called Flow. Genies tells us that the majority of items in the store will be sold for less than $20, though that’s notably just for primary sales, owners of those goods will decide the market for secondary sales of individual items.
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.
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