INTEL 🧠

TFGXclusive - CryptEarn to the moon!

The second edition of the TFGxclusive is reserved for CryptEarn!

We are excited to meet Stefan from the team building a platform that connects gamers with web3 gaming investors.

A swift start 👉 CryptEarn is building the Upwork of Web3 gaming.

Stefan is an electrical engineer with a B.Sc. in robotics and computer systems automation. As a freelancer, he has worked for big brands like NordVPN, ClickFunnels, and QGP Limited. When he discovered crypto, he and his friends created a play-to-earn guild, made some money, and attended a TechStars event. The rest is history, as Stefan says.

This interview aims to bring you closer to CryptEarn by introducing you to the team, their valuable entrepreneurship advice firsthand, their journey through The Founder Games, and much more.

LEVEL UP ⬆️

What is Web3?

If the first version of the internet was a static book, and Web2 was an interactive movie, then the natural evolution would be a live-action game where you’re not just playing but also helping to build the world together.

That’s Web3 in a nutshell.

To understand Web3, we need to step back and look at how we got here by examining the earlier stages of the internet

Web1 was the first stage of the internet, known as the read-only phase.

From the launch of the first website in the 1980s until the early 2000s, we could only navigate between static pages that were digital replicas of existing media, magazines, and newspapers. We mostly just read content and checked our emails.

It was a bit dull but interesting in its own way—until Web2 arrived, also known as the read-write phase.

With the advent of mobile devices and social networks, we transitioned from being passive consumers to becoming content creators, bloggers, brand representatives, and more. We now not only read but also consume, interact with, and create new content on the internet.

Starting last decade, we’ve been witnessing an evolution as Web3 emerges as the next iteration of the internet, also known as the read-write-own phase.

But what’s wrong with Web2, and how does Web3 address these issues?

During the Web2 era, with the rapid growth of social networks and e-commerce, the Internet became a centralized database controlled by a few major tech giants like Google, Meta, and Amazon. In this setup, users became the product, and we didn’t own our own data.

This is where Web3 steps in—to shift ownership and decision-making from a small group of people to the hands of the community—the real users. And this is just the beginning.

Web3 addresses the problems of Web2 by introducing concepts such as decentralization, blockchain technologies, and token-based economics, all while offering enhanced data security, scalability, and privacy for users.

It’s a lot to grasp at first, but the key takeaway is that the Internet is becoming decentralized for the first time since its inception.

Web3 is on a mission to create a user-centric internet with greater control, privacy, and opportunities for participation.

As Web2 and Web3 converge and AI developments align with decentralization, there’s still time for Web3 to become mainstream. Regardless, we’ll be interacting with some form of Web3 in the future.

Interested in digging deeper into Web3? Check out these resources 👇

🎥 Web3 and how we got here by Chris Dixon - GP of Andreessen Horowitz

📖 The Web3 Starter Pack - the essential guide for everything web3.

🎥 Web3: Never bet against innovation by John Wu, President of Ava Labs

STARTUP NEWS RADAR 📡

_{What’s happening these days?}

• EarthCareAI Climate is up & running 🎉 the intelligence platform now allows businesses to analyze the expected impact of storms, floods, wildfires and other natural threats - all with one click. [source]

• The Q2 state of startups in 7 charts by Crunchbase. [source]

• Meta releases Llama 3.1 - the largest open-source AI model with a total of 405 billion parameters, claiming to outperform GPT-4 and Anthropic’s Claude 3.5 Sonnet on several benchmarks. [source]

• Funding for Web3 startups appears to be stabilizing after a period of decline. In Q2, Web3 startups raised just over $2 billion, slightly up from $1.8 billion in Q1 but down 18% from Q2 last year. [source]

• Stripe has acquired Lemon Squeezy, a tool that calculates and pays global sales tax for digital products and SaaS companies. The acquisition, for an undisclosed amount, aims to enhance Stripe's capabilities in managing global sales tax and payments for digital products. [source]

• Who are the most active investors in the FoodTech sector by PitchBook? [source]

• Canva acquires Leonardo.ai in a $120+ million deal to boost its generative AI capabilities. [source]

THE STARTUP VAULT 🗃️

_{Founders take note:}

• Archie will help you plan and design your next software app with the power of AI.

• Odaptos explores your users’ feelings and emotions with AI for improved usability testing.

• Use Llama as your teaching tutor on any desired topic.

• Why open source AI is the only path forward? Essay by Mark Zuckerberg.

• How does Netflix build a culture of excellence? 🎧

• A giga thread of how to use AI to drive traffic to your website.

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Propose a plan for implementing customer-focused improvements in my [industry] business.

Guess the term of the week 🕵

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reply to this email for a hint and/or send us your best answer.

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