Will fashion and beauty save the Web3 sphere?

Hello, fellow #entrepreneurs! The #cryptocurrency and #web3 industry continues to find business angels and #venturecapitalists. This week, as part of its first venture capital investments in the metaverse and Web3 worlds, beauty industry giant 欧莱雅 backed Digital Village , a company that helps brands create their own virtual spaces. In all, Digital Village was able to raise about $4 million from L'Oréal and other investors. The capital raised will be used to broaden the capabilities of the project's platform, create new tools for developing 3D worlds and expand customization of avatars and virtual stores.

The field of #blockchain-enabled digital fashion and beauty projects is on the rise and is attracting the attention of many in the fashion industry. For example, Alice Delahunt , former director of digital and content at 拉尔夫·劳伦 , has created her platform SYKY . It will become an incubator, #marketplace and social community for the next generation of #fashion designers and consumers. Syky is still in its early stages, but it has already been backed by Seven Seven Six 7??7??6?? , Brevan Howard Digital , Leadout Capital , First Light Capital Group and Polygon Synergy Ventures Sdn Bhd for a total of $9.5 million.

Although the next-generation metaverse and Internet that companies like Meta dream of are still years away, major fashion and beauty brands continue to #invest in these spaces, even though the economy is going through a bad time right now. Either way, venture capitalists continue to scrutinize the startup market for profitable investments, so let's talk about YOUR promising business opportunities.

Tokenomics calculator — a great tool for your startup

The #Tokenomics Calculator is a tool that helps startup founders understand and calculate the potential value of tokens. It takes into account factors such as total supply, distribution plan, and projected token usage scenarios. Some tokenomics calculators also include data on the state of the market and historical performance of similar projects to provide users with a more accurate estimate of the potential value of tokens.

The InnMind Tokenomics Calculator is designed to help entrepreneurs understand the mechanics of token economics, calculate important metrics and experiment with different models to find the ideal token economics for their business vision and growth goals. In our calculator, founders will find automated formulas and an easy-to-use Excel calculator, token metrics, examples of token release and distribution schedules, and more.

With the InnMind calculator, entrepreneurs don't have to waste time with manual calculations, looking for errors and double-checking numbers, because with this tool, founders can focus on real business.

And since tokenomics is a difficult area to understand, our team decided to release an article about the correct calculation of token economics. We'll soon have a piece on how to properly calculate tokenomics on our blog.

Follow this link for more details about the InnMind Tokenomics Calculator

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If you want to get more useful information about the best Web3 and crypto startups and venture deals, subscribe to the official InnMind Telegram channel. The group posts reviews of promising startups, fundraising tips, market analysis and statistics, feedback from venture capitalists and valuable information for professionals.

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We released a new video on Youtube

Founders of Web3 startups, who launch their projects and are in search of venture investments, know very well that finding a business angel is not that easy.

There is a new video on our Youtube channel, where InnMind founder Nelly Orlova describes typical mistakes which may prevent your startup from getting venture financing.

Here are the top mistakes to avoid when seeking funding for a Web3 startup:

1. Not having a clear value proposition;

2. Not having a solid go-to-market strategy;

3. Not having a strong team;

4. Not having a well-designed and well-thought tokenomics;

5. Lack of Transparency in the due-diligence process;

6. Not being persistent and resilient.

Watching our video will help you navigate how to avoid common problems that can reduce a startup's chances of getting funding from venture capitalists:

Next week will be the first Pitching Session of the year

On January 25 at 5:00pm CET, the InnMind team will host the first ?mixed? online pitching session of the year, which will be streamed on our YouTube and LinkedIn channels.

We invite all interested Web3 enthusiasts to the pitching session, and blockchain and crypto startup founders to sign up for the event.

There will be 9 active venture capitalists at the Pitching Session

Register for the new InnMind pitching session and try your hand at a presentation with venture capitalists!

At our upcoming pitching session startup founders will be able to present their projects to major venture capital investors: Gate Labs Inc. , Chainfir Capital , Newman Capital , Waterdrip Capital , Moonrock Capital , Blockchain Founders Fund , 369 Capital , 3x Capital and Stratified .

We invite to participate in the pitching session startups at stages from seed round to A+ funding series, developing products or services in decentralized infrastructure, Blockchain protocols, cloud solutions Web3, DeFi, crypto finance, gaming, NFT, metaverse, etc.

To register for the pitching session entrepreneurs need to apply on the InnMind website and wait for a response from our investment analyst.

If you want to stay up-to-date with the latest Web3 developments, learn more about promoting and improving startups, opportunities and requests from venture capitalists, then subscribe to our Twitter, LinkedIn, Telegram, Youtube accounts or go to our website.

See ya next week!