Alliance DAO Demo Day 16 Web3 projects at a glance

Traditional start-up technology companies in Silicon Valley will hold various demo days. But today we are going to introduce a group of crypto projects and teams who participated in the demo day held by Alliance DAO, a community of Web3 accelerators and builders.

Qiao Wang, a core contributor to Alliance DAO, said during the event that the event is held 3 times a year. “We are joined by startups of all stages, from startups with ideas to multi-billion dollar companies.”

The accelerator brings together mentors and speakers such as Polygon Studios CEO Ryan Wyatt and Axie Infinity co-founder Jeff “Jiho” Zirlin to help guide participating projects.

Of the 24 teams that joined the camp, only 16 ended up coming out on top. Three-quarters of the teams are focused on NFT and DeFi infrastructure, with most teams based on L1 networks Ethereum, Polygon, and Solana.

The topics of the training camp include: market-driven DeFi, customer-driven social protocols, Token as a mechanism for collaboration, classification and pricing of consumer goods, how DAO acts as a risk sharing mechanism, etc.

Below is a brief introduction to the 16 startups.

Lulo: Decentralized Order Book Lending Protocol

Founders: Daniel Garay, Jesse Brauner

Funding stage: Seed round

Lulo is a DeFi lending infrastructure that aims to create a global liquidity layer in a permissionless manner using order book technology. It provides “Liquidity as a Service” so users can integrate DeFi protocols with global lending platforms. By removing concentration risk, lenders and borrowers can obtain competitive lending rates, so there is no borrowing spread.

LiquiFi: Carta for Web3

Note: Carta is the originator of SaaS in the asset management industry, with a valuation of $7.4 billion as of 2021.

Founders: Oliver Tang, Robin Ji

Funding stage: Seed round

LiquiFi aims to automate token distribution and operations for Web3 products and entities on all major blockchains (including Ethereum, Avalanche, BNB Chain, Polygon, Solana, etc.). Co-founder Robin Ji said that almost all Web3 products offer token rewards, but consumers and companies tracking and transferring tokens may encounter some difficulties, risks, and inability to scale.

LiquiFi aims to have its smart contracts (which have undergone several rounds of audits) to hold all tokens and provide an interface to help users track their investments. “Our strategy is to keep up with all trends so other companies don’t have to,” Ji said. “The bigger the challenge, the more you need a professional solution to focus on the problem.” To date, the company has raised $5 million in seed funding.

fam.: NFT-based exclusive social club

Founders: Chris Tam, Shuguo Yang, Wallace Wong

Funding stage: Seed round

Co-founder Chris Tam said that the NFT market is experiencing explosive growth, and the community around NFTs is also thriving. But current Web 2.0 platforms, such as Twitter and Discord as community communication tools, have been criticized for their redundant messages and spam. fam. aims to build an application based on NFT’s own social club, allowing users to connect to the community through their crypto wallet. Through the platform, individuals can chat, vote, attend events and show off their lifestyle to others with the same NFT collection. The project has received seed round financing from Sequoia Capital, Alliance DAO, Xoogler and other institutions.

PwnedNoMore: White Hat Automated Code Review Organization

Founders: Wen Xu, Conan Zhou, Mike Yan, Oriol Plazas

Funding stage: Seed round

PwnedNoMore is a Decentralized Autonomous Organization (DAO) created by white hat hackers to help other members build tools and protections for the Web3 ecosystem. It is developing a fully automatic bug detection engine that can already provide detection for Solana-based projects, and plans to launch an Ethereum-compatible engine in August. Hackers in the group included six DEF CON CTF winners. Mike Yan, co-founder of PwnedNoMore, said its community hackers have reported more than 1,100 vulnerabilities to date and secured more than $650 million in venture crypto funds. The organization has received investment from angel investors such as Alliance DAO, dao5, and IDEO CoLab.

Leather: Watch-to-earn project

Founders: Niko Cunningham, Shaminda Subasingha, Jason Kilic

Funding stage: Seed round

Leather is a “Watch to Earn” mobile service designed to analyze and reward everything people watch on TV in real time. Leather co-founder Niko Cunningham said major streaming services like Netflix and Apple TV spend billions of dollars each year in their content budgets to create more targeted and personalized content. “We don’t really know who is in that room, or who actually listens to [the show], or who really cares.” Leather users can share spending and engagement data with third parties in exchange for token rewards and Leather products.

Filmine: AWS for Decentralized Computing

Founder: Vukasin Vukoje

Funding stage: Seed round

Filmine is powered by Alt Labs and aims to be the AWS of decentralized computing. The company is centered around the decentralized storage network FIL and wants to help those who mine FIL in a more efficient way and more. It is designed to help miners provide 10x more mining rewards through a network called Filgram, a FIL storage provider discovery tool.

Legion DAO: A Tokenized Alliance for Professional Gamers

Founders: Alex Beliankin, Alex Anikin

Funding stage: Seed round

Legion DAO is designed to help full-time gamers monetize their hobby through tokenization. It plans to improve the gaming community by training gamers to become coaches and regulating employment contracts. Legion DAO CEO Alex Beliankin said that to date, it has 100 professional contributors, 3,000 NFT members, and expects to generate about $2.5 million in revenue over the next 2 years.

Clique: Web2 Data Oracle

Founder: Kevin Yu, Jaden Yan

Funding stage: Seed round

Clique is a privacy-preserving identity oracle for Web2 user data. DeFi, GameFi and DAOs will all be constrained by the scarcity of data available on-chain, but the company is bringing people’s online identities on Web 2.0 channels like Twitter or Discord to the blockchain, according to Jaden Yan, co-founder and CMO of Clique. to alleviate this problem. It raised a seed round in April and was backed by GGV Capital, Qiming Ventures, Infinity Ventures Crypto, SKy9 Capital, and more.

Ajna: Decentralized Lending Platform

Hosts: Greg DiPrisco, Ed Noepel, Akash Patel, George Niculae, Joseph Quintilian, Ian Harvey, Mike Hathaway, Matt Cushman, and Howard Malzberg

Financing stage: Pre-seed

Ajna is a decentralized and permissionless lending platform. Greg DiPrisco, co-founder of the platform, said that creating a lending market has so far required a lot of existing liquidity and complex governance processes to manage risk, which has resulted in most assets currently on the market not being able to freely borrow or lend. Ajna’s goal is to allow people to instantly lend digital assets in a permissionless marketplace without oracles, governors, or managers. Lenders only need to provide a price at which they are willing to lend, and the platform will take care of the rest, DiPrisco said. The platform is self-funded by its 9 co-founders and currently has no plans to raise additional funds.

Tilting Point: Bringing Web2 Gaming to Web3

Founder: Kevin Segalla

Financing stage: late stage

Tilting Point is a publisher dedicated to bringing Web2 games to Web3. The company aims to simplify the migration of developers to the Web3 industry by handling their entire encryption strategy in exchange for future encryption revenue. At present, the company has released 41 games, and has reached a cooperation with Polygon, which is expected to release 10 Web3 games in the next 24 months. Tilting Point’s founder and chairman, Kevin Segalla, said the company’s 2021 revenue of $200 million has grown fivefold over the past four years. In July 2021, the company raised $235 million from General Atlantic to hire developers. The company is currently raising $20 million for a larger expansion at Web3.

Krypton: MEV-resistant decentralized exchange protocol

Founders: Michael Nowotny, Nathan Moore

Funding stage: Seed round

Krypton is a MEV-resistant (Miner-Extractable Value) decentralized exchange protocol. It aims to be the next-generation trading protocol in the DeFi space and protect traders from front-running, sandwich attacks, and other factors. It leverages Chainlink’s off-chain computation and flow transactions to eliminate MEV, protect traders, reduce transaction costs and facilitate cross-chain liquidity. Krypton won the Fall 2021 Chainlink DeFi Hackathon and is currently raising a seed round led by Framework Ventures.

Parasol: NFT wallet

Founders: Kevin Phung, Tony Chen, Allen Guan, Louis Kang, Joi Ito

Funding stage: Seed round

Parasol is an NFT wallet focused on the Japanese market. Parasol co-founder Kevin Phung said many brands are looking to monetize NFTs as Japan’s fan loyalty is underpinned by the “otaku” culture. Parasol aims to provide a “crypto-invisible” semi-custodial wallet that allows users to own asset ownership but with user-friendly safeguards. In the month since its inception, more than 35,000 Parasol wallets have been created, and a total of about 40,000 NFTs have been purchased.

Dapi: Decentralized Banking API Interface

Founders: Ahmed Agour, Hesham Ghandour

Funding stage: Seed round

Dapi is a decentralized banking API portal that aims to bridge the gap between fintech applications and consumer bank accounts by using private banking APIs like Plaid. Dapi is building a decentralized peer-to-peer open network bridge. Dapi also uses decentralized incentives designed to allow anyone to build APIs permissionlessly for a share of the profits. The platform says the large number of contributors makes the network censorship-resistant. Investors include Y Combinator, Alliance DAO, Alloy Labs Alliance, Reserve, Cadenza, etc.

Metavoice: Sound Production PFP-like NFT

Founders: Vatsal Aggarwal, Siddharth Sharma, Tom Etminan

Funding stage: Seed round

Metavoice is designed to provide users with anthropomorphic, customizable virtual voices. Metavoice co-founder Tom Etminan said the product allows users to customize their voice online, which is especially important for anonymous users. Users can connect their crypto wallet, choose their voice, and it can convert and output to over 800 different platforms. The beta app will be released on iOS and Windows in August 2022.

Lava: Decentralized infura and blockchain data marketplace

Founders: Yair Cleper, Gil Binder

Funding stage: Seed round

Lava Network aims to be a marketplace for blockchain data. Lava incentivizes node providers and DApp users to input market blockchain data onto its network. Just as Airbnb allows property owners to sell off their unused space, Lava plans to allow any node operator to use their bandwidth while the protocol enforces data quality. Algorand, Fireblocks, Messari, Avalanche, Polygon, Cosmos and many other crypto entities are on their waitlists. Lava has raised funding from investors including Jump Crypto, PayPal, Tribe Capital, North Island Ventures, and more.

Yakoa: NFT Fraud Detection Network

Founders: Andrew Dworschak, Graham Robinson

Funding stage: Seed round

Yakoa is designed to help detect fraudulent NFT transactions. Andrew Dworschak, co-founder of Yakoa, said that on today’s blockchain, one-third of NFTs are original, one-third are outright counterfeit, and one-third are very similar to existing ones, which leads to daily losses in the millions of dollars. The platform is trying to solve the problem by tracking infringing assets across all blockchains and marking genuine works on the platform. Its API is live and in use and has indexed over 40 million assets.

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