New York Metropolis, New York, twelfth January, 2023, Chainwire
Early-stage web3 accelerator Beacon held its first Demo Day of the yr with 13 tasks pitching dwell to over 300 prime enterprise capitalists.
Beacon, positioning itself as essentially the most founder-friendly accelerator began by Sandeep Nailwal (an achieved web3 builder in his personal proper), hosted its inaugural Demo Day at the moment. Graduates of Beacon’s first cohort introduced their concepts on numerous sub-sectors of the crypto-economy, reminiscent of gaming, infrastructure, decentralized lending, and developer tooling. This group, often called Cohort 0, was described as “the MVP of Beacon” by this system’s core contributor Sandeep Nailwal, co-founder of the Polygon blockchain. Wanting forward, Nailwal plans to develop this system by working two Cohorts of 20-25 corporations twice per yr.
The three-month accelerator program is run biannually, in spring and fall, and Nailwal believes Cohort 1 could have an identical 1% acceptance price to its predecessor. This system lasts twelve weeks, with founders chosen into the unique program attending weekly talks from prime builders in web3 and receiving constant particular person teaching from Beacon’s core contributors. The utility deadline for Cohort 1 is January 31, with the following program getting underway in April. For every startup within the upcoming program, Beacon will make a regular $250,000 funding, with an $8m post-money valuation for every firm in this system.
Along with buyers from Sequoia, Lightspeed, Electrical and Accel, mentors within the Beacon program embody Magic Eden CEO Jack Lu, Anagram Co-Founder Lily Liu, Halborn co-founder Rob Behnke, YGG Co-Founder Beryl Li, Polygon Zero co-lead Brendan Farmer, amongst others.
In addition to working its web3 accelerator program, Beacon has constructed in-house software program, dubbed Lighthouse, to attach founders and buyers. Lighthouse supplies a customized platform for potential backers to evaluate tasks and organize introductions in addition to for founders to entry most well-liked offers from distributors and evaluation job candidates to Beacon corporations. Traders all in favour of having access to the Lighthouse platform can sign their curiosity right here.
Demo Day was a chance for Cohort 0, which attended the accelerator’s remote-first, 12-week program in This fall of 2022, to showcase and pitch their tasks dwell to over 300 prime buyers in web3. Nearly all of groups in Cohort 0 have been centered on constructing cross-chain purposes.
Talking on the gathering of founders in Cohort 0, Nailwal mirrored, “I’ve been so tremendously impressed by the perseverance and dedication of the founders on this cohort. Amidst the entire market turmoil throughout the center of this system, our founders dedicated to rolling up their sleeves and constructing by means of these extraordinarily difficult circumstances. The dedication exhibited by our founders offers me nice confidence that people in Cohort 0 will go on to construct the following unicorns in web3.”
Cohort 0 contains 15 corporations hand-selected from over 1,000 candidates, 13 of whom graduated on Demo Day. Of those startups, there have been 29 founders hailing from 9 international locations and 13 cities. The overwhelming majority of tasks within the cohort are at seed stage, except for Group Gaming, an eSports platform at the moment at Collection A.
These full checklist of corporations graduating from Cohort 0 will be seen under:
Firm identify: Arcana
What it does: Web3 toolkit for builders
Founders: Mayur Relekar, Aravindh Kumar
Stage: Seed
The pitch: Arcana desires to assist complement the technological stack for builders with instruments to assist construct safe decentralized purposes (dApps). Its core instruments embody consumer authentication, storage of information on its decentralized community and entry management. The platform goals to offer builders constructing purposes on “nearly any chain” the power to leverage its providers and instruments.
Firm identify: Blinkmoon
What it does: Sport improvement studio
Founders: Hugh Behroozy, Hajeir Mazinani
Stage: Seed
The pitch: Blinkmoon is constructing an impartial gaming improvement studio to deal with the rising web3 sector. Previous to this, its group members helped create the visuals for “Guardians of the Galaxy” and “Sport of Thrones,” in addition to labored on gaming franchises like League of Legends: Wild Rift, NBA, the Useless Rising and Rainbow Six, to call just a few.
Firm identify: ChapterX
What it does: Web3 occasion expertise
Founders: Chase Guo
Stage: Seed
The pitch: ChapterX is a web3 occasion expertise platform that goals to offer organizers the power to remodel their occasions into distinctive experiences. The startup supplies choices to interact attendees by means of both bodily occasions or customizable digital worlds within the metaverse with elements like decentralized autonomous group (DAO) governance or GameFi. Customers may convert their 2D NFTs into 3D avatars by means of its re-skin system and uncover new worlds and be a part of communities by means of its community.
Firm identify: Colexion
What it does: GameFi ecosystem
Founders: Abhay Aggarwal
Stage: Seed
The pitch: Colexion is a card-based GameFi ecosystem that goals to convey Net 2.0 video games into the web3 ecosystem by means of fantasy-focused content material. Its system, Colexion Core, supplies a bunch of providers like minting, marketplaces, bridges, wallets and extra to assist conventional video games navigate the web3 world. The corporate is concentrated on the Asia-Pacific area and has over 15 million lively customers throughout greater than 10 nations, based on its web site. Colexion is backed by Polygon, Brevan Howard, Leap Capital, Symbolic Capital, Firestarter and GSR.
Firm identify: Group Gaming
What it does: Esports platform
Founders: Chris Gonsalves
Stage: Collection A
The pitch: Group Gaming goals to be an all-in-one esports competitors platform that provides infrastructure to trade gamers. The platform is backed by Ethereum- and Solana-based blockchain cost applied sciences and supplies gamers, organizers and sport builders instruments to create, facilitate and take part in esports tournaments. It additionally supplies customers the power to monetize their gameplay by finishing quests, a each day content material engine for earnings and sport discovery.
Firm identify: Cubist
What it does: Web3 developer instruments and infrastructure
Founders: Ann Stefan, Deian Stefan, Riad Wahby, Fraser Brown
Stage: Seed
The pitch: Cubist is a developer instruments and infrastructure supplier that goals to convey at the moment’s software program engineering practices and safety to web3 builders. Its toolkit focuses on offering safer and safer choices so builders can construct, check and deploy simply throughout multi-chain and cross-chain dApps. Its founders embody a former fintech COO and laptop science professors from Carnegie Mellon College and UC San Diego. The group members have spent their careers retrofitting safety for real-world methods and have collectively printed over 80 analysis papers on associated subjects like laptop methods, programming languages, safety and cryptography.
Firm identify: FastLane Labs
What it does: MEV options for Ethereum-based blockchains and rollups
Founders: Alex Watts, Jordan Hagan
Stage: Seed
The pitch: The FastLane protocol focuses on producing income for validators, rising effectiveness for algorithmic merchants and decreasing the stress on community contributors when overwhelmed with redundant transactions with out the necessity to set up or handle customized software program on validating nodes. The protocol goals to cut back transaction spam and enhance the general Ethereum community well being by monetizing propagation bottlenecks within the layer-2 blockchain Polygon and distributing the rewards to validators concerned.
Firm identify: Meta Apes
What it does: Web3 sport
Founders: Taylor Shim, Nicholas Carr
Stage: Seed
The pitch: Meta Apes is a free-to-play and win-to-earn cellular web3 sport constructed on the BNB Software Sidechain (BAS). Gamers have the power to construct their very own cities and communities whereas competing and exploring others to win the “race to area.” The sport goals to mix conventional gaming components like massively multiplayer on-line (MMO) methods and web3 components reminiscent of in-game currencies. The group has labored at locations like Ubisoft, Gameloft, Zynga, AppLovin and Epic.
Firm identify: Mystic Moose
What it does: Web3 gaming developer
Founders: Mike Levine
Stage: Seed
The pitch: Mystic Moose is a web3 platform, gaming studio and writer that was shaped by a group of gaming veterans who’ve labored at Activision, LucasArts and Digital Arts. Its first sport, Planet Mojo, was constructed on prime of its scalable backend platform Sumatra and is a browser-based server of interconnected video games. Its auto chess sport, Mojo Melee, is at the moment in alpha playtesting and plans to launch absolutely within the first quarter of this yr on browsers and cellular. The studio is backed by Animoca Manufacturers, Republic Crypto and Polygon Studios, amongst others.
Firm identify: Nillion
What it does: Web3 infrastructure
Founders: Alex Web page, Andrew Yeoh, Andrew Masanto
Stage: Seed
The pitch: Nillion is a web3 infrastructure startup centered on securing storage, computation and fragmentation of information on the web. “Nillion is a deep expertise infrastructure undertaking,” Andrew Yeoh, the corporate’s founding chief advertising and marketing officer, beforehand instructed TechCrunch. “Whereas blockchains decentralize finance, Nillion goals to decentralize every part else and the remainder of information.” The founders embody ex-Uber, Indiegogo and Hedera Hashgraph workers, in addition to executives from Coinbase and Nike. The corporate raised greater than $20 million in December 2022 from over 150 buyers in a “aware determination” to forestall concentrated possession, Nillion CEO Alex Web page stated in a press release.
Firm identify: Davos Protocol
What it does: Secure asset lending protocol
Founders: Varun Satyam, Julian Hayward, Filipe Gonçalves
Stage: Seed
The pitch: Davos Protocol is residence to its secure asset, DAVOS, which is stabilized by its financial coverage that balances yield technology and value stability on a weekly foundation by leveraging liquid staking, based on its web site. It supplies customers the power to borrow DAVOS utilizing liquid staking tokens as collateral. Customers may provide secure asset pairs to offer liquidity, yield farm and earn rewards. The group goals to advertise blockchain expertise in mainstream adoption by incentivizing debtors and stakers by means of its protocol. Its strategic companions embody Polygon and Ankr.
Firm identify: Timeswap
What it does: Decentralized lending and borrowing protocol
Founders: Ameeth Devadas, Harshita Singh, Ricsson Ngo
Stage: Seed
The pitch: Timeswap is a decentralized lending and borrowing platform in addition to an automatic market maker (AMM) protocol powered by Polygon. Its key options embody versatile rates of interest and collateral components so customers can have the pliability to determine their risk-return profile in addition to permitting customers to create any Ethereum-based ERC20 token pool by offering the correct liquidity. Since launching in August 2020, the platform has accomplished over $4 million of lending, borrowing and liquidity quantity on its protocol with none token incentives, based on a submit from August.
Firm identify: Ylide
What it does: Decentralized protocol for pockets communication
Founders: Ignat Shapkin, Kirill Zubkov, Danila Simonov
Stage: Seed
The pitch: Ylide is a decentralized protocol for wallet-to-wallet communication that permits multichain messaging, information storage into good contracts and end-to-end encryption. It additionally has its personal mail shopper in addition to instruments for builders to combine communication options into their tasks, “as simply as constructing a Lego set,” the group stated.
About Beacon
Beacon is an early-stage web3 accelerator program for promising startups. Launched by Polygon and Symbolic Capital co-founder Sandeep Nailwal, this system helps web3 founders with financing and mentorship, with the purpose of figuring out tasks that serve real-world wants. The 12-week program runs twice per yr.
Study extra right here: https://www.0xbeacon.com/
Contact
Itai Elizur
itai@marketacross.com
