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On YC's latest Demo Day, these 25 crypto startups were selected

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Who is the next OpenSea?

Original title: "The 25 crypto startups that Y Combinator is backing in its W22 batch"

Original source: Lucas Matney, TechCrunch

Original Compilation: Shenchao TechFlow

Y Combinator, the first incubator in Silicon Valley, was also the cradle of WEB3 star companies, and Coinbase, OpenSea, etc. came out of here.

An interesting thing is that Harj Taggar, Head of Fintech and Cryptocurrencies at Y Combinator, revealed in a recent interview with The Block that when When Coinbase participated in the 2012 summer program, YC did not believe in Crypto.

Nowadays, more and more crypto startups appear in YC's DEMO DAY, in the latest W22, there are 25 Startups to join them, this is a collection from Techcrunch reporter Lucas Matney, to share with you.

SimpleHash

Introduction: "SimpleHash allows Web3 developers to query all NFT data from a single API. We index multiple blockchains, handle edge cases, provide a fast media CDN, and can be integrated in a few lines of code."

Founders: Alex Kilkka was previously the co-founder of NFT social network Showtime and Olly Wilson is EIR at Portage Ventures.

Comment: The NFT market has made great progress on Ethereum, but as we all know, any future The mainstream related to NFT will rely on the second-layer blockchain to reduce transaction costs. This creates opportunities for startups, but also presents them with cross-chain challenges, which SimpleHash is trying to simplify.

NFTScoring

Introduction: "NFTScoring is your discovery, The place to analyze and trade NFTs. We give you the super power to understand the NFT market at any given moment, make the best decisions, and act faster."

Founders:David Moko and Adam Zvada previously co-founded artificial intelligence lab Cognitic and hyperlocal delivery platform GoDeliver.

Review: NFTScoring is trying to build a better website homepage for NFT traders, The site aims to explain some of the unique attributes that make some NFTs more valuable than others, while helping users find trending items early on. Its crucial point is to track the items that NFT whales are buying by tracking the wallet network. The startup has premium pricing and users need to pay in Eth.

Remi Labs

Introduction: "Launch of NFT series pair It might seem tempting for a brand, however, if poorly executed, it could have long-term negative consequences. We're taking it out of NFTs."

Founders:Podium. Brant Choate and Dan Conger both previously held senior positions at enterprise messaging startup Podium.

Evaluation:Basically, as soon as NFT takes off, brands start to think about how to get involved. It's a pretty chaotic space, full of skeptical consumers. Soon after, many white label NFT services started, aiming to give them a better path to start NFT projects. Remi Labs is eyeing this opportunity and is focusing on NFT collections early on.

Poko

Introduction: "We are building Slack for Web3. Our goal is to replace LLCs with DAOs in cross-border collaborations in emerging markets. We will take several Monthly multi-step approach, drop company registration and setup fees to $50 per month, and easily open a Slack channel."

Founders: Van Tran led Netflix's strategy execution in the SEA region, Geoffrey See was an executive at identity startup Trusting Social, and Sean Ang founded education organization Success Alliance Enrichment.

Comment: The DAO is hot, but the tools behind it are still catching up to the hype. Poko tends to use DAOs as LCCs because of some legal ambiguity in the US, but not so much in many other regions, including Singapore, where the startup is based, as far as I know.

GoSats

Introduction: "GoSats is a bit Coin Rewards app. We help people accumulate free bitcoins as cashback and rewards when shopping in India."

Founders: Roshni Aslam was previously a research analyst at consulting firm ONEX AE, and Mohammed Roshan was CTO at blockchain startup ThroughBit.

Comment: As far as credit card rewards go, crypto credit card rewards are the old-fashioned way. So far, however, the Indian government has taken a tough stance on crypto, but many entrepreneurs see the crypto market as one where the industry has huge opportunities.

Cashmere

Introduction: "Cashmere is a Web3 startup An encrypted wallet to manage digital assets on Solana. Startups can use our wallet to collaboratively manage their funds, as opposed to using individual wallets to run their businesses."

Founders: Shashank Khanna was previously a senior engineer at SoFi, Rebecca Lee was a deployment engineer at Retool, and Charlotte McGinn was a software engineer at Tesla.

Comment:Consumer crypto wallets have been big business over the past year, but The technology has been less active in helping startups, projects, and DAOs securely manage funds using enterprise-grade multi-signature wallets. Solana has attracted a lot of developer attention over the past year. These developers aim to copy Ethereum's tooling and improve it with Solana's strengths.

Chaingrep

Introduction: "Chaingrep is a A search engine for on-chain interactions and digital assets. You can think of it as a new kind of block explorer. We believe that current block explorers like Etherscan are too complex to be used by ordinary users. By extracting many of their features and filtering out all the noise, we can greatly improve the experience of finding information on-chain."

Founder: Rosco Kalis was previously an engineer at encryption startup Truffle, and Merwane Drai has no profile on LinkedIn, but it shows that he is working hard to crack The Matrix.

Comment: The transparency of my blockchain is comparable to those platforms whose data interpretation is easy and readable . This will become even more important as more non-technical users enter the Web3 platform.

Winter

Introduction: "Winter offers an embeddable widget that helps your consumers purchase NFTs using a credit card or bank account! If the user does not have a wallet , we will also help them keep and manage NFT.”

Founder:MichaelLuo was a product manager at Facebook before, LailaChima was a Stripe software engineer.

Evaluation: For any user who has experienced the NFT purchase process, buying encrypted software, Creating a wallet and transferring encryption software to the wallet to make purchases are the most time-consuming parts. That’s why startups are trying to eliminate this by purchasing credit cards, which may appeal to Web2 platforms that are trying to find opportunities in NFTs.

Decent

Introduction: "The Delegate enables musicians to Monetizing their work directly through fans, aligning artist and fan incentives with funding, intellectual property protection, and discovery. We do this through a marketplace and infrastructure that enables musicians to distribute royalties as collateral

Founders: Will Collier was an analyst at Accenture, Charlie Durbin was an analyst at Vox Media, Will Kantaros studied applied mathematics and economics at Brown and Alexander Carlson was a music producer.

Comment: In the art world, NFT has largely developed well, but There are still some startups that have been trying to find opportunities in other aspects of music-like media. The Delegate sale appears to be creating an NFT incentive structure for new fans to build word of mouth around the musician over time that is more closely tied to the success of the song itself.

Yatima

Introduction: "Yatima is a low-level Blockchain, which fundamentally improves the security and scalability of smart contracts and other deterministic computations through the use of on-chain formal verification and zero-knowledge proofs.”

Founders:John Burnham was the CEO of Sunshine Control Netics, Samuel Burnham recently earned a degree in Computer Science from Rensselaer Polytechnic Institute, and Gabriel Aquino Barreto was a software developer for Ethereum.

Comment: This is one of the more tech-heavy startups that have gone public so far, and I don't have a clue about some of the details Known, but Yatima is building a cryptographic programming language around emerging technologies like zero-knowledge proofs. This technique uses complex mathematics to cryptographically verify batches of transactions, and is often seen as a key element of more scalable, trustless blockchains in the future.

CypherD Wallet

Introduction: "Existing crypto wallets are too outdated for mainstream users. We are building a multi-chain crypto wallet that works with crypto cards Simplifies the user experience for mainstream users.”

Founders:Kuberan Marimuthu was previously a senior engineering manager at Coinbase, Muthukrishnan Ramabadran was a senior engineering manager at Lyft Dheeban S.G. is a senior engineer at Magic, a blockchain startup.

Comment: There are still some major unknowns about the future of consumer Web3, but most investors see wallet applications It will play a fairly important role in the future where users need to have a central place to store their coins and NFTs. CypherD is also looking for a way to make the wallet a storage center for U.S. dollar assets, that is, to provide users with a MasterCard debit card, which users can use after converting cryptocurrencies into U.S. dollars in the wallet.

Courtyard

Introduction: "Courtyard brings physical collectibles (trading cards, sneakers, watches, etc.) are stored in a secure vault, creating a 3D representation of the asset and forging it as an NFT on the blockchain. We have partnered with one of the largest security companies in the world to store the collection

Founders: Paulin Andurand was a senior software engineer at Apple and Nicolas le Jeune was a manager at YouTube.

Comment:NFT has done a good job in creating a liquid market for digital assets, however, people have been talking about how to use They come to simplify the transaction of physical collectibles. Vertical-specific markets have had some success in this regard, although there are still legal challenges associated with the sale of physical product resemblances as tokens for digital assets.

Payourse

Introduction: "The tools and The infrastructure makes encryption and Web3 easy, fast and cheap for anyone in Africa to access."

Founder:Bashir Aminu Former Head of Africa at Binance P2P, Hakeem Adeyemi Orewole former Software Engineer at Andela, and John Anisere former Senior Software Engineer at Intersection Ventures.

Comment: Crypto advocates are quick to highlight how blockchain-based Bank users work wonders, but little of the precious VC money seems to be going to the teams designed to make it happen.

Argo

Introduction: "Argo's mission is to empower Film and TV producers worldwide. It's the easiest way to upload and monetize your content. Argo provides filmmakers with the technology and ecosystem to monetize their film and TV productions through advertising, subscriptions and NFT sales."

Founder:Arcadiy Golubovich previously headed entertainment production company Primeridian.

Comment:Argo appears to be the first media startup focused on short-form video, offering filmmakers a showcase The platform for their works also uses NFT sales to help them make money and build popularity.

Finnt

Introduction: "Finnt is the first The DeFi app for families. We offer multi-user, high-yield savings accounts that make it easy for your kids or family members to save in crypto."

Founder: Anji Ismail has led product launches. Faozi El Yagoubi used to be the engineering director of Ovavi

Comment: DeFi for families is a very specific promotion, and it mainly Focus on allowing users to link sub-accounts to a central investment account. The high-profile utilization of DeFi protocols will no doubt make some households skeptical of putting their assets here, but the higher rates of return may make some families happy to take the risk.

Tradezi

Introduction: "Tradezi is the Robinhood of Southeast Asia. Our goal is to help everyone invest in stocks, crypto and other alternative assets in one place."

Founders: Phi Dang and Jasmine Huynh were both senior software engineers at Google before.

Comment: Robinhood has clearly done a lot to educate U.S. retailers about crypto, such as in publicly traded stocks Cryptocurrency is shown next to it. This appears to be a model Tradezi is interested in SEA.

Botin

Introduction: "Botin is a mobile app where people in Latin America can invest in US stocks, crypto, etc.”

Founder:Robert Baron Previously a developer at BitGo, James Jara was previously a software engineer at Avantica.

Comment: This Costa Rica startup is also promoting Robinhood’s stocks and crypto to Latin American users, and hopes to provide retail Deals find a wider audience.

earnJarvis

Introduction: "earnJARVIS is a crypto investment platform to help retail investors and businesses invest intelligently in the crypto economy."

Founder: Atyab Bhatti formerly of McKinsey Manager, Kush Maheshwari was previously a software engineer at Rubrik.

Comment: Robo-advisors have always been big business for entry-level retail investors, but crypto trading is largely the same Level DIY business. A wave of such platforms is likely to emerge, promising to automate the process of diversifying crypto assets while exposing users to elements of the DeFi world.

Magna

Introduction: "We bring encryption companies Commonly needed tools to help them manage token distribution, entry/exit of token holders, and other key tools."

Founders: Bruno Faviero was previously a product manager at Palantir, and Arun Kirubarajan was a graduate researcher at the University of Pennsylvania.

Comment:In the era of crypto startups granting equity and tokens to investors and employees at the same time, the Cap table has become very complicated. The company, called Magna, hopes to bring some much-needed simplification to the management of token compensation through Carta's rethinking of the way Cap tables are managed for Web2 startups.

Soon

Introduction: "With Soon, you can Invest without the speculative stress. Our fully automated account scanning connects to your bank and reveals market transactions with daily spending activity. Soon automates investing from start to finish by investing on a schedule and selling available earnings as they are spent. "

Founders: Chris Lovato was a DevOps engineer at Adobe, Aaron Bylund once led the implementation of Nu Skin's corporate strategy, Michael Shattuck Former Senior Software Engineer at Pluralsight.

Comment:Although users can get in touch with new asset classes through new platforms, this does not That doesn't mean consumers all want to be part-time investors. Through the platform established by Soon, the idle funds in the user's account can be automatically invested through encrypted or traditional asset methods.

LiquiFi

Introduction: "LiquiFi ("encrypted Carta") helps companies and DAOs automate the ownership, management, and distribution of Tokens to employees, investors, partners, and community members. Secure, audited smart contracts ensure timely distribution of vesting tokens and save a lot of time and resources spent building your own solutions. ”

Founder: engineering manager.

Comment: Not surprisingly, YC is backing a pair of startups that are taking the same opportunity. Token management is clearly a growing pain point for Web3 startups, yet YC has been particularly successful in helping scale startup-to-startup offerings.

Arda

Introduction: "Fintech companies in their A single API for embedding DeFi products on the platform. This allows them to acquire more customers, retain those customers, and increase revenue and engagement. All in a secure, compliant manner.”

Founders: Pranay Shetty was an early employee at CloudKitchens and Ramkumar Venkataraman was a founding engineer at Moneyworld.

Review: While trading stocks and cryptocurrencies in one app has become traditional trading The expected function of the application, but this relationship has not yet been integrated in DeFi and traditional financial technology services, and they still live on different applications and platforms.

OnScale

Introduction: "OnScale is a high-end A merchant bank for revenue creators that automates revenue budgeting, cash flow management, tax write-offs, and invoicing. We help creators save money and time by automating their financial tasks.”

Founders: TonjBakang Tonje is the founder of Afrostream, Germany Saprykin is the senior engineering manager of Grab.

Comment:Although many creator-centric Web3 products are specifically for NFT creators service, but OnScale hopes to help a wider range of creators access traditional financial products, while building a crypto track to help users easily convert income into cryptocurrency within the platform.

Blocknom

Introduction: "Our revenue through DeFi is Consumers and businesses provide safe and convenient crypto investing. Our product is very simple. People can deposit and withdraw quickly with a click of an option. After depositing, they may gain competitive interest. Interest comes from the DeFi protocol."

Founder:Fransiskus Raymond is Sales Manager at Gojek , Ghuniyu Fattah Rozaq is the developer of Ritase

Comment: Regarding DeFi-Yield Farming, people have Having said a lot, it offers a high percentage of funds deposited into the investment pool. Sometimes these rates that seem too good to be true prove to be true, but other times they highlight how beneficial it can be for users when they cut back on the investing/savings process from the bank (and its associated protections).

Bloom

Introduction: "Bloom provides U.S. dollar banking to students and young professionals in East Africa. By saving in U.S. dollars or digital U.S. dollars, and spending in local currencies, they will be protected from inflation." Impact.”

Founder: Ahmed Ismail used to work at Barclays. Khalid Keenang is an engineer at Finbourne. Youcef Oudjidane is a Managing Partner at Class 5 Global and Abdigani Diriye is a Research Manager at Amazon.

Comment: In Sudan, there are many currencies with hyperinflation, this Sudanese startup hopes to use Stablecoin to help young professionals in East Africa people to avoid these problems. There are clearly great opportunities here in helping users in developing countries build wealth, but because of the risks associated with crypto, these opportunities also mean a great deal of responsibility for these startups.