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Jeff Cafolla
DeFi & Web3 Growth
Jeff Cafolla is an entrepreneur and investor in the cryptocurrency sector, currently serving as the founder of a stealth startup. He has a background in digital marketing and has previously held roles at various companies, including Haven1, Volteria, Streamflow, and CFX. His work focuses on leveraging networks to drive scalable business growth.123
Highlights
Crypto is dead...part 6
And yet last week, we saw ~$245m get invested into crypto companies & funds. Here’s who got the money:
Anode Labs got $4.2m to build a web3 platform incentivizing energy storage. Users can receive rewards for reducing their electricity when demand is high.
Revv got $5.5m to build infrastructure for the next generation of decentralized marketplaces.
Heroic Story got $6m to build a multiplayer RPG game. Which was founded by a former pro poker player.
Ultimate Champions got $4m to build a free to play NFT fantasy soccer game.
Yakoa got $4.8m to build a cross-chain NFT fraud detection tool. Taking screenshots of apes will no longer work sadly
#crypto #cryptonews #cryptoinvesting
Regulation or deregulation...that is the question
With the recent collapse of FTX (and now BlockFi is once again looking likely to fail) the question or regulation comes up.
LUNA, Celsius, 3 Arrows Capital, Voyager, BlockFi and now FTX have all collapsed and failed during the crypto bear market. How is it that so many major players in the crypto space have gone under in such a short space of time? The simple answer - deregulation
Just like the deregulated derivatives market was a major factor in the 2008 financial crash, deregulation in the crypto market has resulted in the loss of billions of dollars work of investor funds.
Clearly regulation is needed, but how much regulation, thats the question.
Personally I think any company that is responsible for holding or keeping investors/traders fees safe should be highly regulated. If people want to take self custody of their assets and mess around with their own money than thats a different story and personal responsibility takes precedence.
Regulation is coming, and after the latest string of failures it'll likely be harsher than previously proposed. Whats your take on crypto regulation and the events that have unfolded over the past several months?
#ftx #crypto #deregulation #cryptonews
