🌌 Your weekly journey into the Web3 insights

Unraveling the mysteries and trends of the cryptoverse

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buidlbee make it with crypto
February 21, 2024

Ahoy, crypto adventurers! 🚀 

Welcome to another exhilarating edition of the buidlbee newsletter! Get ready to embark on a wild ride through the ever-evolving world of crypto and blockchain, where every wave brings discoveries and unexpected surprises! 🌊

Here is today’s roundup:

  • Snapshot shenanigans;

  • Venture voyage into the bustling world of crypto startups;

  • Join the community sale on CoinList;

  • Uncover the minting madness of Tether;

  • STRK strikes back;

  • Key crypto highlights: the latest unlocks and unveilings;

  • Explore some fascinating ideas.

📷 Solana Mobile snapshot soon

Even though the first phones are still a year away from shipping, Solana has already started giving out small drops for pre-order users. The second-ranking snapshot will be taken on February, 21.

However, there is no information about how many snapshots will be there. At the moment, Solana Mobile 2 Early Adopter Window is $500. Previously it was $50 cheaper.

⚡ Venture capital funding in crypto startups has increased since March 2022

Venture capital funding for crypto-related companies totaled $1.9B in the Q4 of 2023, up 2.5% from the Q3, according to a PitchBook report. Thus, venture capital funding in crypto startups has increased since March 2022.

The publication highlighted that the leading cryptocurrency venture capital companies receiving funding are mostly related to financial and technological solutions. These include real-world assets (RWA) tokenization, such as real estate and stocks, as well as the creation of a decentralized computing infrastructure.

🏹 The Masa community sale on CoinList 

It will start on March 7, 2024, at 16:00 UTC and has one public option. The registration deadline is March 4th, 2024 at 12:00 UTC.

The supply: is 63,554,660 MASA tokens (4% of the total supply) for $0.079 each.

Lockup & Release: 25% released at centralized exchange listing, followed by a 6-month linear vesting; TGE is expected to occur on or around April 11, 2024.

Purchase limits: $50 minimum, $2K maximum (USDT/USDC only).

An additional 47,665,995 MASA tokens (3% of the total supply) may be made available during the Masa Community Sale at the discretion of Masa.

Requirements:

  • A verified identity in a supported jurisdiction. This sale is not available to residents of the United States or where such activities are prohibited or restricted by law. Participation in this sale from these regions is strictly prohibited.

  • $50-$2,000 USDC/USDT to fund your desired allocation. 

  • All information is to be submitted by Mar 04, 2024, 12:00 UTC.

⛏ Tether has minted 1B USDT on the Ethereum network

A 1B USDT was minted at Tether Treasury on the Ethereum network. Note that this is an authorized but unissued transaction, meaning that this amount will be used as inventory for the next period's issuance requests and chain exchanges.

😼 Over 400M STRK claimed

As of February 21, this is how many Starknet tokens were claimed after its first airdrop. Check eligibility and claim tokens here.

🔑 Key crypto market highlights (February 21-28)

💲 Ideas

[1] 🔔 Optimism announced new airdrop

Optimism has announced the distribution of another drop. 10M OP has been allocated to over 23K wallets. An eligibility check is also available on that link.

Airdrop criteria:

  • Created engaging NFTs on the Superchain. Gas spent on transfers of your NFTs on OP Mainnet, Base, and Zora from January 10, 2023, to January 10, 2024;

  • Created engaging NFTs on Ethereum Mainnet. Gas spent on transfers of your NFTs on Ethereum from January 10, 2023, to January 10, 2024;

Bonus criteria:

  • Early creator. Created your first NFT contract before January 10, 2023. Rising creator. An NFT you created was transferred after November 11, 2023. 

  • Active onchain. You’ve been active on the Superchain or L1 since November 11, 2023. 

  • Popular creator. Collectors spent >= 0.005 ETH transferring your NFT since July 14, 2023. 

  • We love the Art creator. Participated in WLTA.

[2] 🔔 All is not yet lost for Filecoin (FIL)?

The Alikze analysis suggests that the FIL is showing a pattern where the coin is moving upwards. This pattern is observed in both the daily (D1) and weekly (W1) timeframes, indicating a sustained upward movement.

The analysis refers to a previous examination of smaller upward movements within a larger upward trend. The current analysis places the cryptocurrency's long-term trend within the third major upward movement or wave C. Despite potential minor corrections along the way, a FIL target of $12.5 could be reached.

The token has already surpassed a resistance level of $6.25 and is now within the previous resistance-turned-support zone. This suggests a possibility to enter the target range between $10.28 and $12.5.

  • Support levels at $6.25 and $7.03. 

  • Target levels: $10.28, $12.5, $16.886 – $19.530.

*Any technical analysis, in the long run, cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions

[3] 🔔 Portal (PORTAL) on Binance Launchpool

Portal (PORTAL) is a cross-chain gaming platform with a mission to onboard more players to Web 3. For staking BNB or FDUSD in separate pools, PORTAL tokens will be available to be claimed for 7 days.

Staking period: February 22, 00:00 (UTC) – February 28, 23:59 (UTC).

Binance will then list PORTAL on February 29, 10:00 (UTC), and open trading with PORTAL/BTC, PORTAL/USDT, PORTAL/BNB, PORTAL/FDUSD, and PORTAL/TRY trading pairs.

Supported pools: 

  • BNB pool: 40,000,000 PORTAL (80%);

  • FDUSD pool: 10,000,000,000 PORTAL (20%).

Thank you for embarking on this epic journey with us! Remember, in the vast expanse of the crypto universe, there's always another adventure waiting just around the corner. Until next time, keep hodling, keep exploring, and may your crypto dreams soar to the moon and beyond! 🌕✨

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