CM Weekly: Psychology of collecting NFT's, Partner Banks, and Coinbase Earnings
Chris McCann's weekly newsletter on technology, startups, and venture capital.
🗞️ Tech News Last Week
Reddit raised a $410M Series F with a valuation of $10B by Fidelity.
A hacker exploited PolyNetwork (a cross-chain bridge connecting Polygon, Binance Chain, Neo, etc.) and stole $600M in assets, and then returned it all back.
Coinbase reported earnings of $2B in revenue for Q2 2021 of which 95% was trading fees and 90% came from retail users.
Across the year of 2020, TikTok was the most downloaded social app, beating Facebook for the first time.
🤔 Deep Dive Posts
The last part of the epic trilogy documenting the rise of FTX. TLDR while FTX is dominant in the crypto space today, they want to build the exchange for everything.
A dive into the psychology and why people acquire non-fungible tokens (NFTs).
Diving further into the NFT space, here is how they layer onto our understanding of social networks.
Most fintech apps that want to issue cards or build a neobank need to partner with a fintech bank partner. Here are the common issues fintech companies face when doing so.
StackOverflow surveyed 80,000 developers and here are a few of the interesting takeaways: developers primarily learn online, learn early in life, are mostly men (sadly), love Rust, and use AWS. There’s a ton of other data in there to check out.
🔥 Race Capital - Portfolio Jobs
FTX: Full Stack Developer (Miami, FL)
Opaque: Product Manager (Berkeley, CA)
SocialChat: Operations manager (San Francisco, CA)
GoodNotes: Back-End Team Lead (London, UK)
Browse more open roles across our portfolio at Race Capital's Portfolio Job Board