Welcome back to<\/span> Chain Reaction.<\/b><\/p>\n Last week on the podcast, we talked about Apple\u2019s App Store tax and how it could hinder NFT adoption. This week, we dug up a few stories about bankruptcies brewing in the bitcoin mining sector and asked ourselves whether this could unfold in a similar way to the troubles faced by DeFi lenders just a few months ago.\u00a0<\/span><\/p>\n We\u2019re incredibly excited to chat with some of the biggest names in web3 at <\/span>our <\/span>first dedicated crypto event in Miami<\/b> on November 17. We\u2019ll be hearing from experts such as FTX\u2019s Amy Wu, OpenSea\u2019s Devin Finzer and Binance\u2019s Changpeng Zhao on how their companies are shaping the future of the industry. We\u2019d love to have you join us: use the promo code REACT <\/span>for 15% off<\/b> a General Admission ticket.<\/span><\/p>\n Do you want Chain Reaction in your inbox every Thursday? Sign up here:\u00a0techcrunch.com\/newsletters.<\/em><\/p>\n Here are some of the biggest crypto stories has covered this week.<\/span><\/i><\/p>\n Coinbase and Polygon back new crypto advocacy group in India<\/b><\/p>\n Top crypto firms including Coinbase and Polygon are among the firms that have formed an industry body in India to promote dialogue between key stakeholders and drive awareness about web3, months after the <\/span>largest local crypto advocacy group was disbanded<\/span>. Members of the new industry body, named Bharat Web3 Association (BWA), include top local crypto exchanges, including CoinDCX, CoinSwitch Kuber and WazirX, \u2019s Manish Singh reports.<\/span><\/p>\n Web3 infrastructure startup Tenderly takes on Infura, Alchemy with new node offering<\/b><\/p>\n Web3 developer tooling startup Tenderly <\/span>is getting into the node game<\/span> with a new product it announced today called Web3 Gateway. The new offering is a sign of competition between web3 infrastructure providers heating up, as it puts the startup in direct competition with ConsenSys, the company that owns popular node-as-a-service provider Infura, and Alchemy, another widely used node provider in the industry.<\/span><\/p>\n What\u2019s going on with NFT royalties? (TC+)<\/b><\/p>\n Creator royalties were originally introduced across the NFT community as a way to pay artists for their work in both primary and secondary sales. In recent months, conversations around these royalties shifted as some platforms, including LooksRare and Magic Eden, abandoned them for other alternatives. Not everyone is happy about it, as the decisions have huge potential implications for creators in the web3 space.<\/span><\/p>\n Indonesia weighs blockchain-powered carbon trading scheme<\/b><\/p>\n Indonesia wants to direct the blockchain craze toward greener use. The Indonesia Stock Exchange (IDX) has signed a memorandum of understanding with Metaverse Green Exchange (MVGX), a Singaporean startup that specializes in digital exchange technology. The intended collaboration centers around IDX\u2019s emission trading scheme that is slated to launch in 2025, and MVGX\u2019s job is to help IDX build a carbon registry and exchange with blockchain as the infrastructure layer, \u2019s Rita Liao reports.<\/span><\/p>\n Ex-Bain investor launches $30M web3 consumer VC fund as solo female founder<\/b><\/p>\n Mags Kala was able to raise her first fund as a solo GP focused on early-stage consumer startups in the web3 space in just four months, despite a broader downturn in the crypto market. Her Miami, Florida-based firm, <\/span>Double Down<\/span>, blew past its initial fundraising target of $20 million in one month and closed its first fund with a total of ~$30 million this week, according to Kala. The fund has already made nine investments in web3 consumer startups, including Miami-based OnChain Studios, which makes Cryptoys, and Tally Labs, the company behind the Jenkins the Valet & Azurbala franchises.<\/span><\/p>\n Magdalena \u201cMags\u201d Kala is the solo GP behind consumer crypto VC firm Double Down. Image Credits:<\/strong> Courtesy of Magdalena Kala<\/em><\/p>\n<\/div>\n For this week\u2019s <\/span>Tuesday episode<\/b>, where we chat with a web3 expert, we played a recording of our discussion live onstage with a16z GP Chris Dixon that took place recently at Disrupt. We chatted with Dixon about the venture firm\u2019s new creator economy-focused <\/span>crypto accelerator program<\/span>, <\/span>why a16z backed controversial WeWork founder Adam Neumann<\/span> and where Dixon sees opportunity across the web3 landscape in this bear market.<\/span><\/p>\n For our Thursday episode<\/strong>, where we discuss the latest in crypto news, we talked about <\/span>a string of issues that have unfolded for various bitcoin mining companies<\/span> over the past month, from Argo Blockchain to Core Scientific, and what it would take to unearth (ha ha, get it?) the sector from its woes.<\/span><\/p>\n \u00a0We also discussed:<\/span><\/p>\n Chain Reaction <\/b>comes out every Tuesday and Thursday at 12:00 p.m. PT, so be sure to subscribe to us on <\/span>Apple Podcasts<\/span>, <\/span>Overcast<\/span> and <\/span>Spotify<\/span> to keep up with the action.<\/span><\/p>\n Chris Dixon speaking at Disrupt in San Francisco on October 18, 2022. Image Credits:<\/strong> Darrell Etherington \/ <\/em><\/p>\n<\/div>\n This list was compiled with information from Messari as well as \u2019s own reporting.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Welcome back to Chain Reaction. Last week on the podcast, we talked about Apple\u2019s App Store tax and how it could hinder NFT adoption. This week, we dug up a few stories about bankruptcies brewing in the bitcoin mining sector and asked ourselves whether this could unfold in a similar way to the troubles faced […]<\/p>\n","protected":false},"author":1,"featured_media":1183214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-1243433","post","type-post","status-publish","format-standard","has-post-thumbnail","category-celebrity-gossip"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1243433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1243433"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1243433\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1243433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1243433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1243433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}this week in web3<\/b><\/h2>\n
![\"Magdalena](\"https:\/\/www.ghanamma.com\/gp\/wp-content\/uploads\/2022\/11\/Headshot2-e1667354360268.jpg\")
<\/p>\nthe latest pod<\/b><\/h2>\n
![\"Chris](\"https:\/\/www.ghanamma.com\/gp\/wp-content\/uploads\/2022\/11\/tc-disrupt-2022-chris-dixon-1.jpg\")
<\/p>\nfollow the money<\/b><\/h2>\n
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