CM Weekly: Solana, Punks, and Valuing DAOs

Hello from the smoky SF 😷

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Written by Chris McCann, General Partner @ Race Capital, former Greylock Partners. More about me.


🗞️ Tech News Last Week 

  • There is still a big shortage of silicon chips and now TSMC is raising chip prices 20%.

  • Apple (after a lawsuit) is finally allowing for alternative payment methods outside of the AppStore. 

  • Visa bought an NFT Crypto Punk which is now holding on their corporate balance sheet.

  • Apple and Facebook both have the ability to read and censor messages within FB Messenger & iMessage regardless if it's E2E encrypted. 


🤔 Deep Dive Posts

  • Packy from Not Boring wrote an in-depth post all about Solana including its history, importance, and implications for the crypto space. I’m happy to be featured in the article! 

  • Toast filed their S-1 with some interesting data about their embedded fintech strategy & consumer behaviors.

  • Clay Robbins shares a quick primer on DAOs (decentralized autonomous organizations) and explores their future implications 

  • A skeptical take on how to value one such DAO, which runs the Axie Infinity franchise. 


🔥 Race Capital - Portfolio Jobs

Browse more open roles across our portfolio at Race Capital's Portfolio Job Board


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