List of 17 selected start-up projects in the Alliance DAO Demo Day

· Mounir Benchemled, founder of ParaSwap;

·  of 0x Labs Co-CEO Amir Bandeali;

·  and Polygon Studios CEO Ryan Wyatt.

The following are the specific introductions of these 17 start-up projects:

Project Name: Ora

Product Direction: Web3 Search Engine

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Founders: Dennis Antela Martinez, Sanny Kim, Jacob Shiohira

Round: Seed Round

As the ecosystem continues to expand, Ora builds a search engine for Web3, co-founder Jacob Shiohira said in his presentation. "Blockchain data is confusing, and we can see that in browsers today." He added that for encryption to go mainstream, it needs products that everyone understands. Ora is designed to combine sequence engine, dashboard and explorer through one interface. Ora started serving Solana, but plans to expand to the entire Web3.

Project Name: Mensari

Product Direction : QuickBooks for Web3

Founders: Vidur Jain, Manuj Paliwal

Round: Seed Round

Mensari aims to help businesses involved in Web3 through its own QuickBooks platform. In his speech, co-founder Vidur Jain said that as organizations integrate cryptocurrencies, their bookkeeping complexity "rises dramatically." Mensari built a double-entry bookkeeping system that provides operational accounting and portfolio accounting for organizations with Web3 idiosyncrasies such as asset swaps, payment flows, NFTs, and liquidity provisioning. The platform is live on blockchains Ethereum and Polygon, with 15 test clients so far.

Project name: Tensor

Product direction : Solana-focused NFT aggregator

Founders: Richard Wu, Ilja Moisejevs

Round: Seed round

The goal of Tensor is to build a Solana-centric NFT aggregator. In his speech, Ilja Moisejevs said that the current NFT market caters to retail investors, not traders, and as more and more professionals enter the NFT market, they need more sophisticated tools. Tensor aims to do more for traders of Solana-based NFTs so they can "make hundreds of trades with just one click across eight of the largest markets."

Project Name: Raleon

Product Direction : Web3 Market Analysis

Founders: Nathan Snell, Adam Larson

Round: Seed Wheels

Raelon brings a marketing analytics tool to Web3. Co-founder Nathan Snell said that current marketing technology is not suitable for Web3 tools or on-chain and off-chain data, so it needs to be improved to account for new technologies. Raleon combines blockchain data with Web 2.0 data to create a "rich identity" so projects can target Web3 users, Snell said. The platform is looking for strategic investors to find clients.

Project Name: Spexigon

Product Direction : Physical Proof of Work on Drone Imagery

Founders: Adam Killam, Peter Szymczak, Bill Lakeland, Alec Wilson

Round: Seed Round

Spexigon is a physical proof-of-work platform for drone Images to earn cryptocurrency, a fly-to-earn rewards system. Pilots are rewarded with tokens once an algorithm verifies the image and transfers it to the marketplace for consumption by businesses and developers. The platform has raked in more than $1.5 million in the past eight months after garnering interest from government agencies, engineering firms and railway companies, among others. It has raised $5.5 million in a seed round with participation from Alliance DAO, Dapper Labs and others.

Project Name: SlashAuth

Product Direction : Web3 Certified

Founders: Ned Rockson, Nicolas Salhuana

Round: Pre-Seed Wheels

SlashAuth is a Web3 authentication platform designed to help developers create distributed secure identities in Web2.0 and web3 ecosystems. It cryptographically merges these two layers of identity, so users can access all their accounts with a single login, co-founder Nicolas Salhuana said in his presentation. It is currently in closed beta and has raised $3 million from investors including Alliance DAO and Y Combinator.

Project Name: Stride

Product Direction : Focus on Liquidity Staking for Cosmos

Founders: Riley Edmunds, Aidan Salzmann, Vishal Talasani

Round: Seed

Stride is building a liquid staking platform for the layer 1 blockchain Cosmos. Users can exchange their tokens for Stride’s ST tokens, which Stride then pledges to users for use across the Cosmos DeFi ecosystem. Launched eight weeks ago, the platform has already secured $7 million in total value locked, $150,000 in recurring revenue, and more than 8,000 users, co-founder Vishal Talasani said. Stride has raised $6.7 million from investors including Pantera, Distributed Global, North Island Ventures, 1confirmation, and Staking Facilities. It is looking for LP commitments in exchange for Stride tokens.

Project Name: Ethos

Product Direction : Sui's Crypto Wallet

Founders: Nadia Eldeib, Jared Cosulich

Round: Seed round

Ethos is a "wallet super app" of the Sui blockchain. Co-founder Nadia Eldeib said in his presentation that the wallet offers Web 2.0-like features, such as logging in with email, which allow developers to provide a better user experience. The wallet establishes an on-chain game where Ethos users can pre-approve transactions through their wallet. Since its launch last month, it has more than 32,000 weekly users on its Chrome extension wallet. Ethos has raised $2.4 million in funding from FTX, Tribe Capital, and Mysten Labs.

Project Name: Chain ML

Product Direction: Decentralized Machine Learning

Founders: David Mller, Ethan Jackson, Ron Bodkin

Chain ML is a decentralized machine learning platform. It allows smart contracts and dApps to leverage machine learning and is designed to not compromise censorship resistance, tamper resistance, or usability. It leverages a decentralized database, oracle, and computing network to provide censorship resistance. Chain ML recently raised $4 million in a seed round led by iOS G, with its MVP launching in Q1 2023.

Project Name: Legends of Venari

Product Direction: Pokémon for Web3

Founders: Jason Du, Drew Elkins

Round: Seed Round

Legends of Venari takes the concept of Pokémon GO and brings it to the digital world via the Metaverse. Co-founder Jason Du said at Demo Day that its software development kit shifts the focus from ownership of game assets to ownership of the entire game ecosystem. Since its launch 10 months ago, the game has averaged 3,000 weekly active users and has partnered with several NFT communities such as Fractal. It raised $5.4 million in a seed round led by Lattice Capital.

Project Name: Sort

Product Direction : Firebase for Web3

Founder: Jason Zucchetto

Round: Seed

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Sort aims to be an easier way for developers to build dApps. "Writing a decentralized application is still incredibly painful," founder Jason Zucchetto said during Demo Day. Sort hopes to simplify the process of writing open-source dApps by providing developers with toolkits and clip-and-paste code. Zucchetto says more than 200 people view their tutorials every day. Currently, Sort is in the seed round of financing.

Project Name: Persona

Product Direction : Building a Group Chat for DAO

Founders: Raeez Lorgat, Will Doenlen, Alexander Green

Round: Seed round

Persona is building group chat as a "lightweight DAO," co-founder Raeez Lorgat said during the demo day. The popularity of DAOs has increased dramatically over the past year, but the tools to form and manage DAOs remain fragmented across platforms. Persona wants to simplify this process, so users can pool and manage funds for any specific sharing purpose within minutes. To date, Persona has raised $4.5 million from investors including ECCO Capital, Alliance DAO, CYGNI Capital, and Protagonist.

Project Name: Ostium

Product Direction : On-Chain Commodity Market

Founders: Kaledora Kiernan-Linn, Marco Antonio Ribeiro

Round: Seed Round

Ostium is a platform that aims to bring commodity marketplaces on-chain. Many commodity markets are inaccessible to non-institutional investors, co-founder Kaledora Kiernan-Linn said during the demo day. Kiernan-Linn added that this problem can be solved by decentralized finance. By reflecting off-chain assets on-chain through oracles such as Pyth, protocols such as Ostium aim to provide partial exposure to liquidity for assets at market prices. Ostium is raising a seed round and wants to partner with investors with expertise in liquidity provisioning.

Project Name: Slise

Product Direction : Web3 native advertising platform

Founders: Oleksii Sidorov, Griffin Kao

Round: Pre-seed round

Slide is a Web3-focused digital advertising platform that aims to analyze on-chain activity to deliver customized advertising across the Web3 ecosystem. It is available on blockchains such as Ethereum, Solana, and Polygon. Slise won the Polygon Build It hackathon last summer and is raising a seed round.

Project Name: Space and Time

Product Direction: Decentralized Data Storage

Founders: Nate Holiday, Scott Dykstra

Round: Round A

Space and Time is a decentralized data platform designed to help businesses grow through smart contract technology. It uses "Proof-of-SQL" encryption technology, which allows the automation of business logic in traditional centralized systems and connects directly to smart contracts. It also plans to integrate the platform with Microsoft Azure. In September, Space and Time raised $20 million in a strategic funding round led by Microsoft M12.

Project Name: 0xPass

Product Direction : Decentralized Apps (dApps) with Web 2.0-like UX

Founders: Keon Kim, Krish Chelikavada

Round: Pre-Seed

0xPass aims to bring a Web 2.0-like user experience to dApps, making it easier for mainstream users to use and accept wallets. Some of its Web3 UX changes include onboarding new users without a wallet, pre-approving transactions, and integrating 0xPass with a few lines of code. Its Get Started SDK closed beta launched last week and is being tested with 10 projects. It has raised $600,000 so far and is raising its seed round.

Project Name: Niural

Product Direction : Compliant cryptocurrency salary platform

Founders: Nabin Banskota, Nami Baral

Round: Seed Round

Niural is a compliant cryptocurrency salary platform. It built a payments protocol on Polygon that enables real-time payroll in fiat and cryptocurrencies with low gas fees, and has a Web3-focused HR platform that handles tax and misclassification risks. It works with companies like Renfroe, which has more than 20,000 employees, and Scrum Launch, which has team members in 72 countries. Niural raised $5 million in a seed round with participation from Inspired Capital, New Form Capital, Alliance DAO, and more. It is currently seeking strategic investors.

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