GM Builders. 🚧 

Welcome back to the BW3 newsletter! Cheers to Friday and here’s to your portfolio recovering faster than OpenSea’s user base. 🤣 

Here’s the line up today:

• Weekly Web3 Recap 📍 

• Deal Flow Friday 💵 

• Meme City 🏙️ 

BUT FIRST, take a moment to smile because total crypto market cap is approaching $4T 👀 

WEEKLY WEB3 RECAP 📍 

1. OpenSea Makes Fresh Waves

• Cayman Islands Registration: OpenSea Foundation is now officially registered in the Cayman Islands. This move has sparked speculation of a potential $OS token launch, although OpenSea hasn’t confirmed any plans.

• Rumored Airdrop Buzz: The crypto community is abuzz with talks of a potential massive airdrop—possibly one of the largest in NFT history. Some speculate this could revitalize interest in OpenSea amidst growing competition.

• Acquisition Denials: Rumors of Pudgy Penguins acquiring OpenSea were officially denied, yet chatter persists around what moves OpenSea might make to solidify its dominance in the NFT space.

2. MicroStrategy Joins the Nasdaq 100

• Index Inclusion: MicroStrategy officially joins the Nasdaq 100 on December 23, 2024, making waves as its Bitcoin holdings continue to influence traditional markets.

• ETFs to Buy Big: Analysts estimate around $2.1 billion in ETF-driven buying as funds tracking the index adjust their holdings.

• Stock Surge: The company's stock is up nearly 500% year-to-date, largely due to its aggressive Bitcoin acquisition strategy.

• Future Prospects: While Nasdaq 100 inclusion marks a milestone, analysts speculate that MicroStrategy could eventually join the S&P 500—pending profitability and accounting rule changes.

3. Crypto ETF Flows & Total Market Cap Surge

• Ethereum ETFs Soar: Ethereum ETFs attracted $2 billion in inflows over the past 10 days, showcasing strong institutional interest.

• Crypto Market Cap Hits $3.8 Trillion: The total crypto market cap continues its upward trajectory, driven by Bitcoin’s rally and altcoins like XRP outperforming. Heatmaps show solid green across most of the market, except for a few lagging projects.

4. Fartcoin Hits New Highs (Yes, You Read That Right):
In one of the most absurd (but quintessentially crypto) moments of the week, Fartcoin ($FART) is now valued higher than 38% of American publicly-traded companies. With a market cap north of $564M and an 852% surge over the past year, the meme coin has defied all logic and is giving institutional finance a run for its money. Whether it’s a joke or the next big thing, one thing’s for sure: the smell of profits is in the air. 💨

Stay tuned as 2025 looks to be another groundbreaking year for us frens 🫡 

DEAL FLOW FRIDAY 💵 

1. Avalanche (Ava Labs)
Raised: $250M
Category: Infrastructure (L0)
Backers: Galaxy, Dragonfly, ParaFi (+14)
Avalanche continues its dominance in the Layer 0 infrastructure game, securing a hefty $250M. With support from big-name backers like Galaxy and Dragonfly, Avalanche is solidifying its position as a cornerstone in scaling blockchain ecosystems.

2. Nano Labs
Raised: $36.25M
Category: Infrastructure (Storage)
Backers: Undisclosed
Nano Labs is betting big on decentralized storage, addressing the ever-growing data needs of Web3. This fresh funding positions them as a serious player in reshaping how decentralized systems store and manage data.

3. Klickl
Raised: $25M | FDV: $125M
Category: CEX, Finance/Banking, Payments
Backers: Web3PORT, Aptos Labs, Summer Ventures (+4)
Klickl is bridging the TradFi and DeFi worlds with its centralized exchange and payment solutions. The $25M Series A round highlights growing interest in seamless crypto payment integrations.

4. Exabits
Raised: $15M | FDV: $150M
Category: Infrastructure
Backers: HackVC
Infrastructure innovation continues to boom, with Exabits raising $15M to expand its capabilities. Backed by HackVC, Exabits is poised to play a critical role in building Web3’s backbone.

5. Relai
Raised: $12M
Category: Bitcoin Ecosystem, Finance/Banking
Backers: Ego Death Capital, Timechain (+1)
Relai is taking the Bitcoin ethos mainstream with its finance and banking solutions. Its $12M Series A round reflects the growing demand for Bitcoin-centric applications in traditional and decentralized finance.

TL;DR
This week’s deal flow showcases Web3's diversity, from Avalanche’s next infrastructure push to Relai’s Bitcoin-first banking solutions. Whether it’s decentralized storage, seamless payments, or L0 scaling, these projects are driving the next wave of blockchain innovation.

Who’s next to secure the bag? Stay tuned for more funding updates. 🚀

MEME CITY 🏙️ 

Until Next Time Builders! 🏗️ 

Keep a fresh pair of shorts on hand in case your fartcoin gamble turns into a shartcoin 💩 

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