Shownotes
The fashion industry's integration with Web3 technology through the partnership between Scotch & Soda and Flaunt, the future of Web3 gaming with ImmutableX, the open-sourcing of StarkNet Prover software, the FBI's seizure of crypto assets from NFT phishing scammer Chase Senecal, the Web3 funding roundup, and Charlie Munger's call for a complete ban on cryptocurrencies in the United States. Get ready for an action-packed episode filled with insightful analysis and expert opinions on these hot topics in the Web3 world.
Here's what we will cover in today's episode.
1️⃣ The ongoing SEC lawsuit against Ripple. A US pro-Ripple lawyer, Jeremy Hogan, has promised a victory dance if Ripple wins the lawsuit. With the judge's ruling predicted to come by March 31st, 2023,
2️⃣ Scotch & Soda with Web 3 Partner Flaunt, is creating a seamless and secure program that rewards customers for their participation and engagement.
3️⃣ Funtech keeps moving forward and ImmutableX co-founder Robbie Ferguson predicts a Web3 game with a million players in 2023.
4️⃣ StarkWare, the company behind Ethereum scaling solutions StarkEx and StarkNet, announced plans to make its STARK Prover software open source.
5️⃣ After the FBI seizes $260,000 in Crypto Assets from NFT Phishing Scammer, CFTC Chair promises to bring more enforcement actions against non-compliant crypto projects.
6️⃣ Fintech Confidential's Web3 Funding Roundup outlines where Investors are Placing Bets on Crypto Startups and the problems they solve.
7️⃣ Charlie Munger's criticisms of crypto currencies have escalated to a call for a ban on cryptocurrencies in the U.S.
Get ready to be part of the future of Web3 right here on Web3 with FTC."
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The most common cause of bad customer experience. Isn't that high tech it's embarrassingly simple. Yup. It's asking the right questions and reviewing some key data points before delivering an answer. Increasing the likelihood of satisfying the customer and delivering a swift resolution.
In e-commerce, it's really easy to get bogged down with basic support inquiries, whether that's where is my package, how do I return or exchange this item or just to cancel a subscription.
And so what is Solvpath? In a nutshell, Solvpath is an A.I.-driven customer support system that uses a visual format and self-serve technology to quickly and effectively resolve issues, resulting in satisfying support experiences for customers.
Customize a visual support experience for your ecommerce brands and increase your overall performance, enhance the customer experience, and drastically reduce support costs.
Get the best customer support system for your business. Get Solvpath. Get started by visiting www.getsolvepath.com
This is a production of Diamond D3 Media, with All Rights Reserved. This is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. We strive to provide accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.
ABOUT:
Tedd Huff: President & Founder of Diamond D3, a professional services consulting firm focused on global payments and marketing. He is also a video podcast host and producer of Fintech Confidential and Head of Corporate Strategy at Corvia.
Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing strategic and tactical direction for Global Payments OpenEdge, Heartland Payments, Nuvei, and TSYS, among others, focusing on growth while delivering innovation, process improvements and user experience-driven value to simplify the complexity of payments.
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Transcripts
,,,,,,,,,,,,,,,,,,,,,,;;;;;;;;;;;;;;;;;;;;;;; " Tedd Huff - 002: Support provided
Speaker:customer support software for your business.
Speaker:Don't let poor customer experience bring your business down.
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Speaker:"Welcome to Web3 with FTC by Fintech Confidential, the place where we
Speaker:keep you up-to-date on the latest developments in world of Web3,
Speaker:Crypto, Blockchain, NFTs, and Fintech.
Speaker:The fashion industry's integration with Web3 technology through the partnership
Speaker:between Scotch & Soda and Flaunt, the future of Web3 gaming with ImmutableX,
Speaker:the open-sourcing of StarkNet Prover software, the FBI's seizure of crypto
Speaker:assets from NFT phishing scammer Chase Senecal, the Web3 funding roundup, and
Speaker:Charlie Munger's call for a complete ban on cryptocurrencies in the United States.
Speaker:Get ready for an action-packed episode filled with insightful
Speaker:analysis and expert opinions on these hot topics in the Web3 world.
Speaker:Here's what we will cover in today episode.
Speaker:The ongoing SEC lawsuit against Ripple.
Speaker:A US pro-Ripple lawyer, Jeremy Hogan, has promised a victory
Speaker:dance if Ripple wins the lawsuit.
Speaker:With the judge's ruling predicted to come by March 31st, 2023,
Speaker:Scotch & Soda with Web 3 Partner Flaunt, is creating a seamless and
Speaker:secure program that rewards customers for their participation and engagement.
Speaker:Funtech keeps moving forward and ImmutableX co-founder Robbie
Speaker:Ferguson predicts a Web3 game with a million players in 2023.
Speaker:StarkWare, the company behind Ethereum scaling solutions StarkEx
Speaker:and StarkNet, announced plans to make its STARK Prover software open source.
Speaker:After the FBI seizes $260,000 in Crypto Assets from NFT Phishing
Speaker:Scammer, CFTC Chair promises to bring more enforcement actions against
Speaker:non-compliant crypto projects.
Speaker:Fintech Confidential's Web3 Funding Roundup oultines where Investors
Speaker:are Placing Bets on Crypto Startups and the problems they solve.
Speaker:Last but not least Charlie Munger's crticizims of crypto currencies
Speaker:has escalated to a call for a ban on cryptocurrencies in the U.S.
Speaker:Get ready to be part of the future of Web3 right here on Web3 with FTC."
Speaker:With our top story we will be discussing the latest developments in the
Speaker:ongoing SEC lawsuit against Ripple.
Speaker:A US pro-Ripple lawyer, Jeremy Hogan, has promised a victory
Speaker:dance if Ripple wins the lawsuit.
Speaker:With the judge's ruling predicted to come by March 31st, 2023, we
Speaker:take a closer look at the case and the hopes for a favorable outcome.
Speaker:The SEC lawsuit against Ripple has been a hot topic in the cryptocurrency
Speaker:world since it was filed in late 2020.
Speaker:Ripple CEO Brad Garlinghouse believes that a resolution could be
Speaker:reached in the first half of 2023.
Speaker:Meanwhile, the recent court ruling in a similar case has given Ripple some hope.
Speaker:John Deaton, the founder of CryptoLaw, secured a victory for
Speaker:cryptocurrency start-up LBRY, and the judge stated that the ruling
Speaker:did not apply to secondary market transactions of LBC tokens, implying
Speaker:that LBC itself is not a security.
Speaker:SEC Commissioner Hester Pierce has also opined that the SEC's case
Speaker:may not be as strong as it assumes.
Speaker:This, combined with the recent court ruling, has led many in the cryptocurrency
Speaker:community to believe that the lawsuit against Ripple could reach a resolution
Speaker:in 2023 with a favorable outcome.
Speaker:The decision of the Ripple lawsuit could have a significant impact
Speaker:on the future of cryptocurrency.
Speaker:A victory for Ripple would bring much-needed clarity to the cryptocurrency
Speaker:market, and the promises of a victory dance by pro-Ripple lawyer Jeremy Hogan
Speaker:only add to the anticipation.optimistic that tomorrow will be better.
Speaker:Next up
Speaker:Amsterdam-based fashion brand, Scotch & Soda, has announced a partnership
Speaker:with Flaunt, a web3 enterprise loyalty management platform, to
Speaker:turn their Club Soda 3.0 community into a cutting-edge loyalty program.
Speaker:Club Soda 3.0 is a complementary loyalty program focused on co-creation
Speaker:and deepening the relationship between Scotch & Soda and their customers through
Speaker:digital assets and web3 technology.
Speaker:Scotch & Soda distributed membership NFTs for free to top customers and
Speaker:created a roadmap of exclusive benefits to reward participation in the program.
Speaker:With Flaunt's modular platform, Scotch & Soda can configure, track,
Speaker:and manage the program, offering benefits to Founders Pass owners to
Speaker:increase loyalty and reward customer participation in the creative process.
Speaker:The collaboration between Scotch & Soda and Flaunt will expand membership
Speaker:benefits and co-create with their members, making Club Soda 3.0 a
Speaker:community-driven program accessible to all of Scotch & Soda’s top customers.
Speaker:With Flaunt's enterprise loyalty management platform, Scotch & Soda is
Speaker:able to create a seamless and secure program that rewards customers for
Speaker:their participation and engagement.
Speaker:"We are thrilled to be building alongside an iconic brand like Scotch & Soda
Speaker:and delivering technology that deepens their relationships with customers,"
Speaker:said Flaunt CEO Connor Kelley.
Speaker:The partnership marks a step forward in the integration of web3 technology in the
Speaker:fashion industry and how it will change the way we think about brand loyalty.
Speaker:ImmutableX co-founder Robbie Ferguson predicts a Web3 game with a million
Speaker:players in 2023, despite his less bullish outlook on markets due to macroeconomic
Speaker:conditions and increasing regulations.
Speaker:The leading Web3 gaming platform on Ethereum is powered by StarkWare ZK-rollup
Speaker:technology and is 100% carbon neutral.
Speaker:ImmutableX whale accounts have been accumulating IMX tokens since
Speaker:November, with holdings increasing by 58% in the past three months.
Speaker:The platform's recent partnership with StarkWare and introduction of the
Speaker:"Immutable Passport" are both driving factors behind the accumulation.
Speaker:IMX has gained 28% in the past week and 48% in the past fortnight, with
Speaker:the token trading at $0.855, its highest level since mid-September.
Speaker:The combination of web3 gaming and ZK rollups paint a bullish picture
Speaker:for ImmutableX, with its token price reflecting the positive sentiment.
Speaker:However, IMX prices are still down 91% from their November
Speaker:2021 all-time high of $9.52.
Speaker:StarkWare, the company behind Ethereum scaling solutions StarkEx
Speaker:and StarkNet, announced plans to make its STARK Prover software open source.
Speaker:The software, renamed as Starknet Prover, will be under an Apache 2.0
Speaker:license, allowing Web3 developers to freely use and modify the source code.
Speaker:The STARK Prover uses zero-knowledge rollups technology to bundle hundreds
Speaker:of thousands of transactions off-chain, verifying them on-chain at a fraction
Speaker:of the cost, thus making Ethereum transactions faster and cheaper.
Speaker:This move will boost the accessibility of the software to developers and promote
Speaker:collaboration within the community.
Speaker:Previously, StarkWare had open-sourced elements such as Cairo 1.0, the upgraded
Speaker:version of the native smart contract language for StarkNet, and the new
Speaker:StarkNet Sequencer, among others.
Speaker:The open-sourcing of the Starknet Prover is a landmark moment for scaling
Speaker:Ethereum and for cryptography as a whole.
Speaker:According to Eli Ben-Sasson, the president of StarkWare, this move is a
Speaker:step towards decentralizing the company's technology and will be a catalyst for
Speaker:developers to build on the infrastructure.
Speaker:The wider crypto industry faces challenges regarding scale and user experience, and
Speaker:Ben-Sasson believes that open-sourcing key tech will be a step towards
Speaker:popularizing self-custody in crypto.
Speaker:The FBI has successfully seized crypto assets worth $260,000 from NFT
Speaker:phishing scammer Chase Senecal, who was reportedly behind several attacks
Speaker:on NFT projects and Discord servers.
Speaker:The authorities' action was aided by research from on-chain sleuth ZachXBT.
Speaker:ZachXBT's research helped the FBI track down Senecal, who was allegedly
Speaker:responsible for phishing attacks on Nouns DAO, JRNY Club, and other projects.
Speaker:He used a Twitter panel acquired from another scammer to carry out the attacks.
Speaker:ZachXBT uncovered the address related to Senecal after he
Speaker:posted a luxury watch on Twitter.
Speaker:The FBI seized crypto assets including two NFTs valued at over $100,000 each,
Speaker:along with the luxury watch worth $41,000.
Speaker:In addition to the FBI's recent enforcement action, the US federal
Speaker:agencies have stepped up their scrutiny of the crypto space.
Speaker:The CFTC Chair has promised to bring more enforcement actions against non-compliant
Speaker:crypto projects, echoing the SEC's stance on crypto firms to register with it
Speaker:and the ongoing lawsuit against Ripple.
Speaker:The FBI's seizure of crypto assets from NFT phishing scammer Chase Senecal
Speaker:highlights the increased attention of US federal agencies on the crypto space.
Speaker:The recent enforcement actions reflect the authorities' determination
Speaker:to combat fraud and ensure the safety of the crypto industry.
Speaker:On-chain sleuth ZachXBT's research played a crucial role in this recent
Speaker:action, and his efforts to uncover the truth serve as a warning to
Speaker:other scammers in the crypto space.
Speaker:Investors have placed bets on 20 different Web3 startups this week,
Speaker:locking down a total of $185 million in funding, according to DeFiLama data.
Speaker:Although the funding amount is down from the $578 million raised by Web3 companies
Speaker:over the same period last year, the number of startups raising capital is up.
Speaker:Today we'll take a look at some of the lucky winners of the funding race.
Speaker:the first luck start up is Simba Chain: Blockchain enterprise solutions provider
Speaker:Simba Chain secured $30 million from the US Air Force's Stratifi program.
Speaker:Born from the University of Notre Dame in 2017, Simba Chain connects government
Speaker:agencies with Web3 technology and has been working with the US Air Force to tokenize
Speaker:its budget and improve accounting.
Block Joy:A Web3 infrastructure developer landed a $12 million
Block Joy:Series A, with investors su ch as Gradient Ventures, Draper Dragon,
Block Joy:and Dragon Roark participating.
Block Joy:Block Joy plans to use the incoming funds to build products
Block Joy:that aim to reduce enterprise operations costs by more than 80%.
Powre:the Canadian crypto mining company raised $9.2 million in a Series A led
Powre:by Haru United, with participation from RFD Capital and Trinito Corporation.
Powre:The investment pushed Powre's valuation to $150 million.
Powre:Crypto-security company Hypernative secured $9 million in seed funding from
Powre:Boldstart Ventures and IBI Tech Fund, with participation from Nexo, Borderless,
Powre:Alchemy, CMT Digital, and angel investors.
Powre:Hypernative aims to prevent hacks and heists in the Web3 space by developing
Powre:cutting-edge web3 security solutions.
Powre:Crypto project Sovereign Labs, focused on building rollups, raised $7.4 million
Powre:in seed funding led by Haun Ventures, with participation from Maven 11, 1KX,
Powre:Robot Ventures, and Plaintext Capital.
Powre:Sec3 the Blockchain security firm, has raised $10 million in a seed
Powre:funding round led by Multicoin Capital.
Powre:Sec3 provides security solutions for smart contracts through its
Powre:four products, Launch Audits, X-Ray, CircuitBreaker, and WatchTower.
Powre:The firm is currently only serving projects in the Solana ecosystem
Powre:but plans to expand into other blockchains in the near future.
Powre:With the fresh capital, Sec3 aims to continue building and improving
Powre:its products and double its current team by the end of the year.
Powre:The company also plans to launch its own token to decentralize its operations.
Powre:Addressable a Web3 marketing solution firm, has revealed it has
Powre:raised $7.5 million from Fabric Ventures and Viola Ventures.
Powre:Addressable's SaaS system links Blockchain activity to social profiles, providing
Powre:Web3 marketing teams with a framework to start campaigns or target new audiences.
Powre:The company's unique ability to pinpoint Web3 audiences on social media is the
Powre:missing piece for mass adoption of Web3, according to CEO Tomer Sharoni.
Powre:The financing will hasten the company's platform expansion, including new
Powre:blockchains and social media connections.
Powre:It is Clear that Investors are betting on the future of Web3 technology,
Powre:despite the dip in overall funding amount compared to last year.
Powre:Startups like SIMBA Chain, Block Joy, Pow.re, Hypernative, and Sovereign
Powre:Labs are among the lucky winners of the funding race this week.
Powre:With 20 startups raising capital, it's clear that the Web3 space is still
Powre:attracting investment and innovation.
Powre:Charlie Mungur, the Vice Chairman of Berkshire Hathaway, has
Powre:called for a complete ban on cryptocurrencies in the United States.
Powre:Mungur, who has long been a critic of cryptocurrencies, believes they have no
Powre:real value and are just a form of gambling with a near 100% edge for the house.
Powre:Despite the strong start to the year for the crypto market, with
Powre:Bitcoin up 40% since the beginning of 2023, Mungur is not swayed.
Powre:He points to China's recent ban on crypto-related services
Powre:as a model for the U.S.
Powre:to follow.
Powre:Mungur also cites the ban on public trading in common stocks in England in
Powre:the 1700s as a precedent for such a ban.
Powre:Mungur's business partner and one of the world's richest men, Warren Buffet,
Powre:shares his view on cryptocurrencies.
Powre:In Munger's view, cryptocurrencies are not a currency, commodity, or
Powre:security, but rather a gambling contract.
Powre:He believes that in the absence of strict regulation, they are prone
Powre:to manipulation and exploitation.
Powre:Charlie Mungur's call for a ban on cryptocurrencies in the U.S.
Powre:reflects a growing concern among some investors and policymakers about the risks
Powre:posed by this relatively new asset class.
Powre:Whether or not such a ban will be implemented remains to be seen, but it's
Powre:clear that Mungur and others believe that the crypto market needs to be more
Powre:closely regulated to protect investors.
Powre:"That's a wrap for today's episode of Web3 with FTC by Fintech Confidential.
Powre:We've covered some of the biggest Web3 stories that are shaking up the
Powre:Web3 world and what they mean for you.
Powre:From FBI Stings to Funding rounds to Fashion to law suits , we've
Powre:explored the impact these events are having on the industry and
Powre:what you can expect in the future.
Powre:Thanks for tuning into “Web3 with FTC”, where we cover what’s behind the
Powre:disruptive and innovative world of Web3, Blockchain, Crypto, NFTs and Fintech.
Powre:And remember to follow us on our Telegram Channel, Linkedin, Facebook,
Powre:and Instagram, and sign up for the latest news delivered straight to your inbox at
Powre:access dot fintech confidential dot com.
Powre:STAY DISRUPTIVE!
Powre:Support Provided By Solve path get the best A.I.
Powre:customer support software for your business.
Powre:Get Started at www.
Powre:get SOLVPATH dot com
Powre:The most common cause of bad customer experience.
Powre:Isn't that high tech it's embarrassingly simple.
Powre:Yup.
Powre:It's asking the right questions and reviewing some key data points
Powre:before delivering an answer.
Powre:Increasing the likelihood of satisfying the customer and
Powre:delivering a swift resolution.
Powre:In ecommerce, it's really easy to get bogged down with basic support inquiries,
Powre:whether that's where is my package, how do I return or exchange this item
Powre:or just to cancel a subscription.
Powre:And so what is Solvpath?
Powre:In a nutshell, Solvpath is an A.I.-driven customer support system that uses a
Powre:visual format and self-serve technology to quickly and effectively resolve
Powre:issues, resulting in satisfying support experiences for customers.
Powre:Customize a visual support experience for your ecommerce brands and
Powre:increase your overall performance, enhance the customer experience and
Powre:drastically reduce support costs.
Powre:Get the best customer support system for your business.
Powre:Get Solvpath.
Powre:Get started by visiting get solve path dot com
Emily:This has been a production of Diamond D3 Media,
Emily:with All Rights Reserved.
Emily:This is provided for informational purposes only.
Emily:It is not offered or intended to be used as legal, tax, investment,
Emily:financial, or other advice.
Emily:We strive to provide accurate and up-to-date information, but will
Emily:not be responsible for any missing facts or inaccurate information.
Emily:You comply and understand that you should use any of this
Emily:information at your own risk.
Emily:Cryptocurrencies are highly volatile financial assets, so research and
Emily:make your own financial decisions.
:Support Provided By Solve path get the best A.I.
:customer support software for your business.
:Get Started at www.
:get SOLVPATH dot com
:The most common cause of bad customer experience.
:Isn't that high tech it's embarrassingly simple.
:Yup.
:It's asking the right questions and reviewing some key data points
:before delivering an answer.
:Increasing the likelihood of satisfying the customer and
:delivering a swift resolution.
:In ecommerce, it's really easy to get bogged down with basic support inquiries,
:whether that's where is my package, how do I return or exchange this item
:or just to cancel a subscription.
:And so what is Solvpath?
:In a nutshell, Solvpath is an A.I.-driven customer support system that uses a
:visual format and self-serve technology to quickly and effectively resolve
:issues, resulting in satisfying support experiences for customers.
:Customize a visual support experience for your ecommerce brands and
:increase your overall performance, enhance the customer experience and
:drastically reduce support costs.
:Get the best customer support system for your business.
:Get Solvpath.
:Get started by visiting get solve path dot com
