6 New Projects, CoinList 2022 Summer Seed Projects at a Glance

On June 23, the financing platform CoinList announced the 2022 summer seed projects, and 6 projects were finally shortlisted.

CoinList Seed was first launched in 2020 as a platform for early stage cryptocurrency entrepreneurs to connect with the global CoinList community. Since launching CoinList Seed, more than 50 cryptocurrency startups have been funded.

These 6 new projects will be briefly introduced next.

Arrow Markets

Arrow Markets is an options trading platform built on Avalanche.

Arrow Markets supports the creation and settlement of options on publicly available asset prices through a two-pool system. The first pool holds the net premium and seller collateral from option transactions, its AMM sets the premium price for buying and selling, and the liabilities of the trading pool are dynamically hedged through the automatic hedging engine. The second pool is the insurance pool, where insurance providers are compensated for the remainder of the transaction pool and transaction fees.

The team was originally founded in 2020 by Patrick Kiefer and Edward Mehrez, and later in July 2020 at Cornell University's Encryption The two built the new Arrow protocol with Austin Liu and Preston Rozwood at the Initiative for Currency and Contracts (IC3) workshop.

This project has been supported by Framework Ventures, QCP Soteria, DeFi Capital, Alameda Ventures, RenGen, CMS Holdings, Avalanche Foundation and Delphi $1.4 million seed round with participation from Digital Ventures.

The Arrow protocol proposes a decentralized aggregate counterparty (DAC) as the settlement institution and A funding tool, cash settlement operates through a network of DACs funded by liquidity providers in exchange for platform revenue. Arrow democratizes the entire options trading pipeline from market making, clearing, and settlement by distributing these rewards to users.

Candy Shop

Candy Shop is an open source on-chain protocol based on Solana. Candy Shop is built on the Metaplex Auction House program and provides an efficient open source SDK. DAO, NFT projects and any interested users can create their own NFT market directly on their own website.

The team originally established Candy Shop to create the easiest-to-use open source NFT market solution, so that ordinary users can use it directly .

The NFT market created by it is fully functional. The creator can make transactions through his own SPL Token in the market and allow users To buy/sell NFT on the chain, the market can execute on-chain transactions according to the set parameters, and can also obtain statistical information such as the lowest price and average price. In addition to this, user-created NFT listings will also be featured on LIQNFT.com (the NFT marketplace), increasing exposure, but at the same time users still have control and ownership over their own marketplace.

Decent

Decent It is a music NFT platform and a market for NFT mortgaged by royalties.

In Decent, the artist will indicate a fixed period of time (the time when they want to give these royalties to fans) to commit to a certain percentage Future streaming (songs, albums, or entire music portfolios) royalties of , into an artist "vault" generated by Decent (for example, accumulating 20% of album royalties in the vault for 5 years).

Artists can set up a profile on Decent to let fans know about the artist himself, his roadmap for the future, and his NFT privileges. Fans can bid to own NFT according to the artist's growth expectations, etc., and then they can be traded in the secondary market. During the commitment period, royalties generate income within Decent's vaults, making royalties more valuable on Decent. Decent's NFT is used as the key to unlock the royalty vault. When the vault is unlocked, fans who hold the artist's NFT can unlock its value in a certain proportion (for example, if 100 NFTs were minted in the initial auction and fans own 1, they can unlock 1 % of vault value). After the royalties are collected, NFT still has huge value, and artists can reward loyal holders. The longer the support, the higher the value of NFT in the Decent ecosystem.

Artists face certain entry barriers in the music industry, the establishment of Decent provides corresponding value for artists and fans, through which artists The platform issues NFT for fans to purchase, obtain early growth funds, and build a community. Fans can accelerate the growth of artists, and they can also access closed communities and receive rewards in Decent by holding artist NFTs. The program introduces royalties, which essentially tie investors' ROI to the artist's popularity. Fans are traded through royalties and NFTs, and are rewarded for helping the music and artists they love grow.

Loop Crypto

Loop Crypto is a Web3 automation tool that makes it easier to automate repetitive transactions.

When we are in the Web3 world, we personally sign and approve every transaction, after every permission we grant, Funds can only be accessed. But when simple things need to be repeated, it becomes complicated. Every subscription payment, Token exchange, employee salary payment, donation, etc. need to be confirmed, which leads to a lot of cost when processing more transaction approvals at the organizational level time and energy.

Eleni and Shane led the team to build Loop Crypto to solve such problems. It is an automatic payment tool for Web3. Crypto payments can be repeated automatically without locking funds.

The project has completed a $4 million seed round of financing led by a16z, and other investors include a_capital and Alchemy Ventures , CoinList, Lauren Stephanian, Paul Veradittakit, Imran Khan, Alex Svanevik, etc.

Mystiko.Network

Mystiko.Network is the Web3 privacy infrastructure that provides connectivity and confidentiality for all blockchain data, transactions and applications.

The data on the chain is open and transparent. In order to prevent potential user security and personal privacy risks from data exposure, users can use the Mystiko.Network Zero-knowledge proof technology keeps transaction details on all blockchains secret.

Mystiko.Network provides a privacy protocol solution based on zero-knowledge proof for all cross-chain bridges, breaking the Linkability between deposits and withdrawals on the target chain. Mystiko.Network expects that in terms of Web3 privacy, it should be provided across chains and on more chains, so as to reduce gas fees as much as possible, so that users can afford it and be easy to use. Mystiko sdk can be implemented to any L1, L2, bridge , wallet, dapp.

TeleportDAO

TeleportDAO It is an asset cross-chain protocol that allows users to transfer or exchange assets or data (Token, NFT, contract calls, etc.) from different chains.

TDT is its native Token, which is a governance token used to motivate TeleportDAO participants and also available for users to pledge. To deploy the TeleportDAO smart contract, the target chain needs to be programmable, but it does not require whether the source chain is programmable. TeleportDAO does not rely on third parties. It uses Relay as its bridge, and all cross-chain data is verified through smart contracts.

built in TeleportDAO Two Dapps, namely cross-chain transfer and cross-chain exchange. In cross-chain transfer, users can transfer their Tokens from the source chain to the target chain, and can also move assets from the target chain back to the source chain. The process is bidirectional. In cross-chain exchange, users can exchange their assets on the source chain for other assets on the target chain.

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia