Alliance DAO, a leading Web3 startups accelerator, recently held a demo day for its latest cohort of startups, All11, showcasing the latest solutions in the industry despite a depressed crypto market.
Alliance conducts the three-month-long accelerator program bringing in Web3 founders for at least 10 hours per week twice a year. The accelerator is regarded highly and has the potential to open doors for many a Web3 startup.
“Each startup in our latest cohort received an average of over 50 intro requests after demo day, from major VC firms like Paradigm and Multicoin,” according to the Alliance website.
Alliance also invests $250,000 in startups that take part in the program.
The startups also get access to mentorships from other founders practicing in the Web3 industry. Mentors for the All11 cohort include notable figures such as:
- Kain Warwick, the founder of Synthetix
- Jason Yanowitz, co-founder of Blockworks
- Anatoly Yakovenko, co-founder of Solana
- Ilja Moisejevs, co-founder and CEO of Tensor (from Alliance’s ALL9 cohort)
- David Vorick, co-founder of Sia and lead developer of Glow.
The latest cohort received a total of 1,083 applications, marking a 36% decrease compared to the previous batch, known as All10, which had a record-high of 1,692 applicants.
Out of the 1,083 applications, only six teams successfully progressed through the program and are now graduating. In addition, two startups from the previous All10 cohort are also presenting, marking a significant reduction from the 16 graduating projects in that cohort.
“This is the most exclusive cohort in our history,” said Qiao Wang, a core contributor at Alliance DAO, during Alliance’s demo day.
Here’s a breakdown of the eight startups:
Kravata
Kravata is a Colombian platform with the goal of bridging the gap between conventional financial systems and traditional currencies, enabling Latin American businesses to enter the Web3 space by incorporating cryptocurrencies.
It offers on-off-ramps to convert fiat to crypto (and vice versa), as well as market making and cross-border transfer systems.
Thunder
Thunder is an onchain ‘intent-based’ trading terminal that aims to give users ‘an unfair advantage in every way possible,’ according to its website.
The platform strives to offer users assistance for prominent blockchains and exchanges, such as OpenSea, Uniswap, Base, Polygon, Blur, and Solana, among others.
Sleepagotchi
Sleepagotchi is a mobile app game (available on the Apple AppStore) designed to foster healthy sleep routines by gamifying the concept of sleep using NFTs. The game offers daily rewards to users who meet their sleep objectives, and it also allows them to gather items, all aimed at motivating individuals to improve their sleep patterns.
As stated on its website, approximately 60.2% of users have reported enhanced sleep quality since engaging with the game.
Blockast
Blockcast is a decentralized content distribution network and marketplace with the objective of assisting broadcasters in increasing their traffic and expanding their reach to broader audiences.
According to its co-founder, CEO, and CTO, Omar Ramadan, the content delivery platform strives to assist broadcasters by bridging the divide between traditional television and online streaming. It does so by tokenizing under-utilized TV spectrum for content delivery purposes.
Streaming a 4K movie to 10,000 viewers typically costs around $1,000 when using servers like Cloudflare, but according to Ramadan, Blockcast can potentially decrease this cost by an impressive 96%.
Tailwind
Tailwind is a cryptocurrency wallet designed specifically for the Cosmos ecosystem. Its primary objective is to enable users to concentrate on decentralized applications by simplifying interactions with various chains and offering the flexibility to select a single gas token for transactions.
Tazz
Tazz is a decentralized lending protocol with the goal of enhancing the efficiency of trading digital asset-related debt, both in terms of buying and selling.
Users have the capability to trade debt via the decentralized exchange, Uniswap V3, using Tazz. The platform also supports a wide range of cryptocurrency collateral types, as indicated on its website.
The company is in ‘discussions with a very large protocol to issue $5 million in debt,’ Alan Hampton, CEO and co-founder of Tazz, said during his demo day presentation.
Upshield
Upshield is a comprehensive security platform tailored for Web3 protocols, assets, and communities. Its primary goal is to provide a user-friendly experience for individuals who are developing applications without expertise in security matters.
The platform’s engine boasts more than 100 Web3 threat detectors, offering both on-chain and off-chain protection for a wide range of projects, including smart contracts, application front ends, and social channels among others.
It is compatible with Web3 applications developed on eight different blockchains and networks, including Coinbase’s Base, Ethereum, Avalanche, Binance, and Polygon, among others.
Inco
Inco Network is an encrypted Ethereum virtual machine (EVM) layer-1 protocol that aims to help decentralized applications (dApps) operate on-chain.
This network offers versatility for various use cases, including applications like card games and private voting. It is currently operational on the DevNet (developer network) and is scheduled to launch its mainnet in 2024.
The next cohort of the accelerator program starts in February 2024, interested parties can apply here.
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