Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx
The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...
Tezos Shines In Developer Metrics Reports & Git Repository Analysis
Tezos has seen large growth in developer metrics according to independent reports and other git repository analysis.
By: XTZ News
29 January 2021
Disclaimer
Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.
Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.
User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.
Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.
Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.
Back in late December 2020, a plan was hatched by Djangobits (a prominent Tezos community member) and myself to create a list of all known Tezos Git repositories in order to create a large Tezos Gource video based on previous efforts from Django here and myself here. We aimed to do this in order to gain a truer video visual of Tezos development.
Many previous Tezos development reports in the mainstream cryptocurrency media and over social media channels seemed to focus on just Tezos Github development (excluding Tezos core development activity on Gitlab) and even then the coverage of Tezos Github appeared to be missing many repositories.
Even our own previous efforts using the Gource development visibility software did not manage to cover all known Tezos repositories, in fact, my latest Gource video only covered the Tezos Gitlab.
Tezos development is very decentralized in nature and is often widespread, featuring across many Git tracking systems and repositories.
After some weeks of pulling together these Git repositories, a list of some 512 was created here (although it was previously on the HackMD platform which anyone could edit). This list was nowhere near exhaustive and many repositories were still not listed.
This list was sent to various people in the Tezos community who were looking for similar visibility on these metrics.
Due to the sheer number of Git repositories we found, we have been struggling to find a workaround to the system that can handle all of the data when creating the new Gource video file (although we are still trying).
The Electric Capital Report
More recently Electric Capital pulled together an even bigger list of 614 repositories with the help of Corey Soreff of the Tezos Commons, which can be found here by typing in the word ‘Tezos’ and pressing enter. Although we expect there are far more than the 614 repositories listed (due to our own efforts of 512 not even touching the surface), this figure still represents a thriving Tezos developer community.
On the 10th of December, Electric Capital presented its data in the form of a report, found here. In the report, some interesting Tezos developer stats were found:
Tezos, Cardano, and Polkadot had 100+ devs in 2019 Q3 and gained even more developers in 2020 Q3.
Tezos, Polkadot, and Filecoin had the biggest developer gains from 2019 Q3 to 2020 Q3.
Ethereum, Bitcoin, Polkadot, Cosmos, Tezos, Cardano, and Eos are the biggest layer 1 developer ecosystems.
Rockaway Blockchain Fund Developer Valuation Analysis
Since then the Rockaway Blockchain Fund gave their point of view by using some of this data, here.
David Rakusan CFA and Investment Manager of the Rockaway Blockchain Fund stated:
“Based on valuation per active developer, it seems that Cosmos and Tezos are undervalued to peers and Avalanche is highly overvalued. The war of the blockchains is far from decided and there is still a lot of upside to be made on L1 solutions.”
Alongside it he posted this image, showing ‘Valuation per # of developers’ as of the 28th January 2021:
The calculation shows the market cap divided by the number of developers in order to give a viewpoint of under-valued developer ecosystems in relation to their cryptocurrency market cap.
In this illustration it showed that Tezos had 230 developers, with a market cap of $2,229,035,264, giving an implied observational price per dev of $9,691,458.
This showed huge divergence in relation to some other well-known blockchains for example Avalanche, Algorand, and Cardano with implied observational price per devs of $282,450,838, $104,622,263, and $95,531,806 respectively. Ethereum had an implied observational price per dev of $63,469,117, over 6 times higher than Tezos.
Only Cosmos featured below Tezos in the chart, suggesting they have a very high ratio of devs in relation to their market cap compared to other layer 1 blockchains, just like Tezos.
In 2019 alone it was stated that over 1300 new Tezos developers were trained and this large-scale training appears to have transpired into active development too with the report suggesting 230 active Tezos developers.
It is not known whether Tezos has more than 230 active developers, or not. The Tezos Foundation has goals to fund development and with the previous bi-annual report calculating the Tezos foundation had close to 24,500 in BTC (over $904,000,000 taking today’s price and not taking into account any of their other assets under management), it is likely this active developer figure will be growing even further in the coming months.
Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.
Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.
User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.
Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.
Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.
Upload Article
Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.
Robinhood, a popular trading platform known for democratizing access to financial markets, has expanded its cryptocurrency services in New York State by adding Tezos (XTZ) to its list of available digital assets. This development allows New York-based users to buy, sell, and trade Tezos, enhancing the cryptocurrency’s accessibility…
Today, Tezos X has been unveiled, presenting a forward-looking vision for Tezos that marks a significant evolution from its original design. According to the official blog, this vision addresses some of the most fundamental issues in the blockchain space, aiming to enhance usability and utility while maintaining the core properties of blockchain technology.
As electric vehicles (EVs) become more prevalent, Werenode is leading the charge by revolutionizing the EV charging infrastructure through blockchain technology. By leveraging Tezos and Binance blockchain technology, Werenode aims to simplify the EV charging process, ensuring secure, transparent, and immutable transactions. Their approach tackles key challenges in the industry, such as network fragmentation, interoperability, and complex payment systems.