Ty Haney on starting over in Web3

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“My life is going to be over.”

That's what?Outdoor Voices ?Founder?Ty Haney ?thought when her leadership started to get criticized in 2020 at the fitness apparel brand that she founded in 2014.

While Haney eventually left Outdoor Voices, she picked herself back up and threw herself full force into the world of Web3, founding both?Try Your Best ?and?Joggy ?with big plans to change the game for community ownership and the future of marketing.

“Young women need examples where shit goes wrong,” said Haney. “Starting again feels so important if we want more women in particular to continue building, being entrepreneurs, raising money etc.”

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Catch Up Quick

Inflation ire. ?The Fed continues to have a challenging time curbing rising prices as year-over-year inflation for last month was 8.2%, higher than expectations. The news sent crypto markets — as well as the wider financial world — spiraling. Bitcoin fell to its lowest prices since December 2020. The Fed meets again on November 2nd.

SEC probes Apes. ?The SEC is now investigating if sales of Bored Ape Yacht Club's collection of NFTs violate federal law. The price of the Ethereum-based ApeCoin (APE) fell nearly 11% off the news. The SEC believes certain high-value NFTs, like BAYC, behave more like stocks and should follow the same disclosure rules.

Optional royalties. ?Solana-based NFT marketplace Magic Eden will now allow buyers to choose how much to pay in royalties.

For More: How Zero Royalties Hurts Diverse Creators

What’s old, is new. ?The world’s oldest bank, BNY Mellon, just launched a new digital asset custody platform for bitcoin and ether in an attempt to stay competitive with other Wall Street banks now doing the same.

Google’s big crypto move. ?After, in some cases, blocking crypto payments entirely on its platform, Google will start accepting bitcoin and cryptocurrency payments for its cloud services in a partnership with Coinbase.

A game changer for women? ?Meta Chief Business Officer Marne Levin believes the metaverse will benefit women inadvertently who prefer remote jobs, and Meta’s metaverse technology would make remote labor feel less remote.

A deflationary asset. ?For the first time since the merge, ETH has become a deflationary asset, meaning more ether was burned verifying transactions than was created. Some experts believed a drop in supply would increase the value of ETH, but the price has actually fallen.

For More: WTF Is... The Merge

BFF Updates

Meet a BFF.?Jennifer Justice spent 17 years as JAY Z’s personal entertainment attorney and the EVP, Strategic Marketing & Biz Dev at Roc Nation. Now this BFF holder is working to help women generate more wealth in Web3.?Read her story here.

Bring Your BFF to Web3. We have finalized our panels and are excited to announce Swan Sit, Elise Swopes, Simone Berry and more will be joining us for on stage discussions!?Holders can claim tickets here while supplies last.

The problem with IRL?Argued to be the hubs of decentralization and industry innovation, cryptocurrency conferences have taken hold of global cities.?BFF Contributor Isabel Doonan?argues that IRL crypto events inadvertently exclude women and other underrepresented groups.?Here’s how we can change that.

From Our Founding BFFs

Freestyle Capital General Partner Jenny Lefcourt?made?Forbes’ 50 Over 50 ?list for her contributions to the world of venture capital. Notable early-stage investments include BetterUp, Crexi, Daily, Embark, Narvar and Well Health.?

Venture Capitalist Sarah Guo?spoke with TechCrunch ?about the launch of a $101 million AI-driven venture fund, Conviction.

Unstoppable Domains SVP Sandy Carter?writes in Fortune ?that “with the rise of Web3 platforms, a digital ID as a fundamental human right—as well as a practical necessity—needs to be addressed.”

We Love Our Community

Our BFF Creatives Club member,?Mooncake, was accepted as an artist at Known Origin. Congrats to them on the release of?their first piece “Breaded”.

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This newsletter and all the information in it does not constitute financial advice. If you don’t want to invest money or time in Web3, you don’t have to. As always: Do your own research.