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🔴🔴🔴 Web 3 era, PGF7T crypto info, NFTs, Decentralization, Ownership 🚀🚀🚀
22.11.2021

PGF500 has a token on the Ethereum network, called PGF7T, which you can use to pay for subscriptions and services within the PGF500 platform.

You will need to have Metamask to pay with PGF7T token.

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We have chosen to adopt blockchain technology for the launch of 2 innovative decentralized Dapps.

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The token is on the smart contract 0x9fadea1aff842d407893e21dbd0e2017b4c287b6 ,

and the code is public at https://etherscan.io/address/0x9fadea1aff842d407893e21dbd0e2017b4c287b6#code

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🔴 It is possible to buy and sell PGF7T tokens on Uniswap and QuickSwap Exchanges.

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Price:  PGF7T

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Our NFTs

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Enjoy the Journey 🚀

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PGF500 Team

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Other news VIEW ALL

NEWS
18.08.2022
Startups, VC goes plop

“”We’re halfway there

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Hi there,

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Q3 VC activity is looking soft.

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Global venture funding is at just $41.9B midway through the quarter.

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If we project out, this looks like ~$83.8B across ~7K deals for Q3’22.

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Of course, there’s still half of the quarter left so this could change bigly.

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But right now, a pretty dramatic decline appears to be in the cards for Q3.””

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Q3 VC midway through the quarter

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Potrebbe essere un'immagine raffigurante il seguente testo "Q3'22 venture funding is on pace for a 24% drop Projected funding $83.8B $133.3B $153.3B Q1 $162.7B Q2 $177.7B Q3 $141.7B 2021 Q4 $110.9B Q1 $41.9B CBINSIGHTS Data as of 08/15/2022 Q2 2022 Q3"

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NEWS
18.08.2022
NFT, OpenSea Volume Sinks to 13-Month Low

Dismal Numbers at OpenSea May Augur Long Winter for NFT Market

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In a sign the NFT market is enduring a brutal winter, OpenSeas trading volume plunged to its lowest level in 13 months on Tuesday.

OpenSea, the No. 1 NFT marketplace, handled $6.5M worth of trades, a fraction of the $204M executed at its peak in February, according to data from DappRadar.

The number of transactions on the site has also plunged by two-thirds in the last six months. As for active players, that, too, is way down with 15,220 traders on the marketplace, a 70% dive from the heady days of February.

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Here For the Art

OpenSea is not the only platform in the dumps. Volume on NBA Top Shot, Dapper Labs NFT sports series, is down 87.4% from its high of $3.17M on April 29.

Theres plenty of gallows humor in the NFT space.

“Im here for the art,” Twitter user apebayc tweeted sarcastically after watching the value of their NFT portfolio slump from $1M to $300,000 in the last 12 months. Bubz0088 replied that their portfolio was worth just $10 after investing $30,000 into NFTs.

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Reality Check

The downturn is a reality check for a market that became a pop-culture phenomenon in 2021. Even as Ethereum and other DeFi stalwarts rally in the runup to The Merge — ETH has soared 41% in the last 30 days — the leading collections in NFT land are swooning.

The floor prices for Bored Ape Yacht Club, perhaps the most celebrated collection with fans such as NBA star Stephen Curry, have plunged 69%, to $128,722, after peaking on May 1.

Other collections are doing even worse. Doodles lost 81% of their value since surging to $67,750 on May 6. Clone X plummeted 82% after peaking at $72,600 on April 4, and Azuki tanked 88% since tagging $108,000 on April 3, according to data from NFT Price Floor and CoinGecko.

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Yet many traders have bailed on NFTs as the bear market in crypto tightened its grip in the third quarter this year. Many may be piously bag-holding as a result of the brutal downtrend of Q2 2022.

According to Google trends, the volume of traffic searching for the keyword NFT surpassed Ethereum in November, and crypto in December. However, interest in nonfungibles appears to have since declined by 85%.

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Meanwhile, only a handful of collections have posted meaningful gains against Ether in recent months. CryptoPunks, the five-year-old blue chip collection, jumped 82% since May 30 to an all-time high of 83.7 ETH on July 18. But it remains down 72% against the dollar.

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It seems NFT holders are retreating to tried and true assets as times get rough. Thats a new role for CryptoPunks.

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OpenSea Volume Sinks to 13-Month Low

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NEWS
16.08.2022
Crypto Venture Firm Dragonfly Acquires Hedge Fund Backed By A16z, Sequoia

Dragonfly buys early Ethereum, Algorand investor

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  • Dragonfly purchases early Ethereum investor in undisclosed deal

  • Dragonfly managing partner Haseeb Qureshi formerly worked as a partner at the hedge fund firm

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Cryptocurrency-focused venture capitalist Dragonfly has purchased its first digital assets hedge fund firm backed by Sequoia and a16z.

The acquisition, MetaStable, founded in 2014, is one of the oldest and highest-performing crypto hedge funds. MetaStable was an early investor in Ethereum, Filecoin and Algorand — at one point raking in a return in excess of 500%.

More recently, the fund has invested in trading platform Floating Point Group and layer-1 protocol Iron Fish.

Dragonfly managing partner Haseeb Qureshi, who formerly worked as a partner at MetaStable, in a blog post Monday said the firm is now “more expansive than it’s ever been.”

The news comes months after Dragonfly, based in San Francisco, CA, closed its third crypto venture fund at an oversubscribed $650 million. Its second fund, closed in 2021, cleared $250 million. The company remains interested in native protocols, Web3 initiatives and tokens that aim to create new digital economies, General Partner Tom Schmidt said in May.

Dragonfly will also soon be the new owner of 10 million LDO tokens — equal to 1% of the total supply — after the Lido DAO approved the sale earlier this month. Lido is a liquidity platform where traders can earn yields on staked assets. LDO token holders came to an agreement after floating different versions of the proposal.

Dragonfly committed to buying the LDO tokens at $1.45 apiece, or at the two-week average price as of the vote plus a 5% premium, whichever is higher. There is a one-year lockup period.

As part of a brand overhaul, also announced Monday, the firm has dropped “Capital” from its name.

The acquisitions and rebranding effort fit into Dragonfly’s broader goal to reintegrate itself as a crypto-native brand. Its new look is affectionately inspired by the “hacker” and “weirdo” culture often displayed throughout the space, according to Qureshi.

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“It’s time for a refresh,” Qureshi said.

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Crypto Venture Firm Dragonfly Acquires Hedge Fund MetaStable

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NEWS
12.08.2022
PGF7T crypto info, Web3, NFTs, Dapps 🔴🔴🔴

PGF500 has a token on the Ethereum network, called PGF7T, which you can use to pay for subscriptions and services within the PGF500 platform.

You will need to have Metamask to pay with PGF7T token.

.

We have chosen to adopt blockchain technology for the launch of 2 innovative decentralized Dapps.

.

We believe in Web3 and in the strength of communities.

.

.

.

The token is on the Ethereum smart contract 0x9fadea1aff842d407893e21dbd0e2017b4c287b6 ,

and the code is public at https://etherscan.io/address/0x9fadea1aff842d407893e21dbd0e2017b4c287b6#code

.

QuickSwap smart contract:

0xdd0fDc648a9dbC9be5A735FE4561893a13399Da2

.

.

🔴 It is possible to buy and sell PGF7T tokens on Uniswap and QuickSwap Exchanges.

.

Price:  PGF7T

.

.

.

.

Our NFTs

.

Enjoy the Journey 🚀

.

PGF500 Team

.

~~~

NEWS
11.08.2022
Airbnb Business Model Canvas

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Airbnb Business Model Canvas

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NEWS
10.08.2022
Fundraising in an Economic Downturn. What to Expect and How to Win

Event Information

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​The rules have changed in fundraising. How should you play this new game?

For 2+ years, everything was up and to the right with endless optimism…

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​Fundraising in that environment was fast and loose. It seemed like everyone was getting term sheets without much stress.

​Then, came Spring 2022 when everything changed. Markets crashed and optimism was replaced with FUD (Fear, Uncertainty, and Doubt).

​Everyone is telling you to wait it out. Hold your breath until the fall and start your fundraise then.

​But why??

​And How??

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By the end of this workshop, founders will:

​• Get a deep understanding of the changing dynamics of startup capital

​• Know how to avoid the pitfalls of fundraising tactics that don’t work in this new market

​• Develop an approach to effectively fundraise in Q4 and beyond

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Fundraising in an Economic Downturn

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NEWS
09.08.2022
SaaStr Annual 2022 | Sep 13-15 in SF Bay Area!!

SAASTR ANNUAL IS THE WORLD’S LARGEST COMMUNITY GATHERING FOR CLOUD AND SAAS PROFESSIONALS IN THE WORLD.

If you’re a B2B founder, exec, or investor, SaaStr Annual 2022 is a must-attend event!

Learn more about the benefits of attending here.

We can’t wait to host you at the world’s largest SaaS community event.

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REGISTER FOR SAASTR ANNUAL 2022

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NEWS
07.08.2022
PGF7T crypto info, Web3, NFTs, Dapps

PGF500 has a token on the Ethereum network, called PGF7T, which you can use to pay for subscriptions and services within the PGF500 platform.

You will need to have Metamask to pay with PGF7T token.

.

We have chosen to adopt blockchain technology for the launch of 2 innovative decentralized Dapps.

.

We believe in Web3 and in the strength of communities.

.

.

.

The token is on the Ethereum smart contract 0x9fadea1aff842d407893e21dbd0e2017b4c287b6 ,

and the code is public at https://etherscan.io/address/0x9fadea1aff842d407893e21dbd0e2017b4c287b6#code

.

QuickSwap smart contract:

0xdd0fDc648a9dbC9be5A735FE4561893a13399Da2

.

.

🔴 It is possible to buy and sell PGF7T tokens on Uniswap and QuickSwap Exchanges.

.

Price:  PGF7T

.

.

.

.

Our NFTs

.

Enjoy the Journey 🚀

.

PGF500 Team

.

~~~

NEWS
04.08.2022
Ethereum Merge | The Most Anticipated Event In Crypto, Video

What is The Merge all about?  

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  • Motivations behind this upgrade  

  • Mechanics  

  • Client Diversity  

  • Merge implications  

  • Common misconceptions  

  • Potential risks

full video here

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NEWS
03.08.2022
End of easy money in crypto: 20% returns over in CeFi, DeFi lives on

The death of easy money: Why 20% annual returns are over in crypto lending

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KEY POINTS

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  • Developers gathered for various crypto events in Paris last week told CNBC the days of cheap money in crypto are over.

  • Much of the lending corner of the crypto market operates in a black box.

  • Voyager Digital and Celsius competed for users on APY, but a lot of the so-called yield they offered customers wasn’t real..

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    Celsius and Voyager Digital were once two of the biggest names in the crypto lending space, because they offered retail investors outrageous annual returns, sometimes approaching 20%. Now, both are bankrupt, as a crash in token prices — coupled with an erosion of liquidity following a series of rate hikes by the Federal Reserve — exposed these and other projects promising unsustainable yields.

    ″$3 trillion of liquidity will likely be taken out of markets globally by central banks over the next 18 months,” said Alkesh Shah, a global crypto and digital asset strategist at Bank of America.

    But the washout of easy money is being welcomed by some of the world’s top blockchain developers who say that leverage is a drug attracting people looking to make a quick buck — and it takes a system failure of this magnitude to clear out the bad actors.

    “If there’s something to learn from this implosion, it is that you should be very wary of people who are very arrogant,” Eylon Aviv told CNBC from the sidelines of EthCC, an annual conference that draws developers and cryptographers to Paris for a week.

    “This is one of the common denominators between all of them. It is sort of like a God complex — ‘I’m going to build the best thing, I’m going to be amazing, and I just became a billionaire,’” continued Aviv, who is a principal at Collider Ventures, an early-stage venture capital blockchain and crypto fund based in Tel Aviv.

    Much of the turmoil we’ve seen grip crypto markets since May can be traced back to these multibillion-dollar crypto companies with centralized figureheads who call the shots.

    “The liquidity crunch affected DeFi yields, but it was a few irresponsible central actors that exacerbated this,” said Walter Teng, a Digital Asset Strategy Associate at Fundstrat Global Advisors.

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    The death of easy money

    Back when the Fed’s benchmark rate was virtually zero and government bonds and savings accounts were paying out nominal returns, a lot of people turned to crypto lending platforms instead.

    During the boom in digital asset prices, retail investors were able to earn outlandish returns by parking their tokens on now defunct platforms like Celsius and Voyager Digital, as well as Anchor, which was the flagship lending product of a since failed U.S. dollar-pegged stablecoin project called TerraUSD that offered up to 20% annual percentage yields.

    The system worked when crypto prices were at record highs, and it was virtually free to borrow cash.

    But as research firm Bernstein noted in a recent report, the crypto market, like other risk-on assets, is tightly correlated to Fed policy. And indeed in the last few months, bitcoin along with other major cap tokens have been falling in tandem with these Fed rate hikes.

    In an effort to contain spiraling inflation, the Fed hiked its benchmark rate by another 0.75% on Wednesday, taking the funds rate to its highest level in nearly four years.

    Technologists gathered in Paris tell CNBC that sucking out the liquidity that’s been sloshing around the system for years means an end to the days of cheap money in crypto.

    “We expect greater regulatory protections and required disclosures supporting yields over the next six to twelve months, likely reducing the current high DeFi yields,” said Shah.

    Some platforms put client funds into other platforms that similarly offered unrealistic returns, in a sort of dangerous arrangement wherein one break would upend the entire chain. One report drawing on blockchain analytics found that Celsius had at least half a billion dollars invested in the Anchor protocol which offered up to 20% APY to customers.

    “The domino effect is just like interbank risk,” explained Nik Bhatia, professor of finance and business economics at the University of Southern California. “If credit has been extended that isn’t properly collateralized or reserved against, failure will beget failure.”

    Celsius, which had $25 billion in assets under management less than a year ago, is also being accused of operating a Ponzi scheme by paying early depositors with the money it got from new users.

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CeFi versus DeFi

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So far, the fallout in the crypto market has been contained to a very specific corner of the ecosystem known as centralized finance, or CeFi, which is different to decentralized finance, or DeFi.

Though decentralization exists along a spectrum and there is no binary designation separating CeFi from DeFi platforms, there are a few hallmark features which help to place platforms into one of the two camps. CeFi lenders typically adopt a top-down approach wherein a few powerful voices dictate financial flows and how various parts of a platform work, and often operate in a sort of “black box” where borrowers don’t really know how the platform functions. In contrast, DeFi platforms cut out middlemen like lawyers and banks and rely upon code for enforcement.

A big part of the problem with CeFi crypto lenders was a lack of collateral to backstop loans. In Celsius’ bankruptcy filing, for example, it shows that the company had more than 100,000 creditors, some of whom lent the platform cash without receiving the rights to any collateral to back up the arrangement.

Without real cash behind these loans, the entire arrangement depended upon trust — and the continued flow of easy money to keep it all afloat.

….

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End of easy money in crypto: 20% returns over in CeFi, DeFi lives on

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