A Quick Look at the First Batch of 13 Projects of the Polygon Web3 Accelerator

特邀专栏作者

2023-01-12 10:30

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Startups in this batch focus on a range of crypto niche industries

Original compilation: Karen, Foresight News

In December 2022, Polygon co-founder Sandeep Nailwal announced the launch of Beacon, a Web3 startup accelerator, which will fund early encryption projects through guidance and financial support.

Mentors for the accelerator program include Jack Lu, CEO and co-founder of Magic Eden, Rob Behnke, co-founder of Halborn, Brendan Farmer, co-head of Polygon Zero, Dan Kim, VP of business development and listing at Coinbase, and CEO and co-founder of Decentral Games Miles Anthony et al.

The program's first batch of "Cohort 0" projects were demonstrated on Tuesday. Sandeep Nailwal told TechCrunch that in Cohort 0, the Beacon team talked with more than 1,000 projects, and finally 15 startups participated, of which 13 companies successfully "graduated". For the "Cohort 1" batch, Beacon will invest $250,000 in each project in the program, with a post-money valuation of each project at around $8 million. However, the "Cohort 0" batch as a trial run will be subject to availability.

The funding program of the Beacon Accelerator is not limited to specific blockchains. Most of the teams in "Cohort 0" are building cross-chain applications, but there are more teams building on Ethereum. Of the 13 companies, 29 founders come from nine countries and 13 cities, Kenzi Wang, Beacon core contributor and co-founder of Symbolic Capital, said on Demo Day.

The startups in this batch focus on a range of crypto sub-sectors, such as gaming, infrastructure, decentralized lending, and development tools. Almost all startups are at the seed stage, and only Community Gaming has reached the A-round financing stage.

Here are the details of the 13 startups in Cohort 0:

Arcana: A Web3 toolkit for developers

Founder:Mayur Relekar、Aravindh Kumar

stage:Seed round stage.

Introduction:

Introduction:Arcana hopes to help developers complement the technology stack with tools to help build secure decentralized applications, allowing developers to easily ensure the security and privacy of user data. Arcana's core tools include user authentication, tools that can store data and access control on its decentralized network. Arcana is currently available on the Beta testnet.

Blinkmoon: game development studio

Founder:Hugh Behroozy、Hajeir Mazinani

stage:Seed round stage.

Introduction:

Introduction:Blinkmoon is building an independent game development studio focused on the Web3 space. Before that, members of the team worked on visual effects for Guardians of the Galaxy and Game of Thrones, and worked on League of Legends: Wild Rift, NBA, Dead Rising and Rainbow Six Number" and other game series production.

ChapterX: An Immersive 3D Platform

Founder:Chase Guo

stage:Seed round stage.

Introduction:

Introduction:ChapterX is an immersive 3D platform for users to build fully customizable worlds and avatars while experiencing a full Web3 virtual life.

Colexion: GameFi Ecosystem

Founder:Abhay Aggarwal

stage:Seed round stage.

Introduction:

Introduction:Colexion is a card-based GameFi ecosystem that aims to bring Web 2 games into the Web3 ecosystem with fantasy game-centric content. Colexion's Colexion Core system provides services such as minting, marketplaces, bridges, wallets, and more.

Community Gaming: E-sports platform

Founder:Chris Gonsalves

stage:A round of financing stage.

Introduction:

Introduction:Community Gaming aims to be an all-in-one esports competition platform. The platform is powered by blockchain payment technology based on Ethereum and Solana, and provides players, organizers and game developers with the tools to create, promote and participate in eSports tournaments. Also, in Community Gaming, users can earn money from the game by completing tasks.

Cubist: Web3 Developer Tools and Infrastructure

Founder:Ann Stefan, Deian Stefan (Associate Professor, Department of Computer Science and Engineering, UC San Diego), Riad Wahby, Fraser Brown

stage:Introduction:

Introduction:Cubist is a provider of development tools and infrastructure so that developers can easily build, test and deploy across multi-chain and cross-chain DApps. Together, Cubist team members have published more than 80 research papers on related topics such as computer systems, programming languages, security, and cryptography.

FastLane: MEV Solutions on Polygon

Founder:Alex Watts、Jordan Hagan

stage:Introduction:

Introduction:The FastLane protocol focuses on generating revenue for validators, as well as improving the efficiency of algorithmic traders and reducing the pressure on network participants when they are "overwhelmed" with redundant transactions, without the need to install or manage custom software on validator nodes.

Meta Apes: Web3 Games

Founder:Taylor Shim、Nicholas Carr

stage:Seed round stage

Introduction:

Introduction:Meta Apes is a free win-to-earn mobile Wb 3 game built on the BNB Application Sidechain (BAS). Players can build their own cities and communities while competing and exploring to win a "race to space". The game is designed to combine traditional game elements such as massively multiplayer online (MMO) strategy with Web3 elements such as in-game currency. Members of the team have worked at companies such as Ubisoft, Gameloft, Zynga, AppLovin, and Epic.

Mystic Moose: Web3 Game Development Studio

Founder:Mike Levine

stage:Seed round.

Introduction:

Introduction:Mystic Moose is a Web3 platform, game studio and publisher with team members who have worked for Activision, LucasArts and Electronic Arts. Mike Levine's first game, Planet Mojo, was built on his scalable backend platform, Sumatra, a browser-based interconnected game server. Its auto chess game Mojo Melee is currently undergoing Alpha game testing and plans to launch it on the web and mobile in the first quarter of this year. The studio is backed by companies such as Animoca Brands, Republic Crypto and Polygon Studios.

Nillion: Web3 Infrastructure

Founder:Alex Page、Andrew Yeoh、Andrew Masanto

stage:Seed round stage.

Introduction:

Introduction:Nillion is a Web3 infrastructure startup focused on securing the storage, computation, and fragmentation of data on the Internet. Nillion Technology Nil Message Compute (NMC) is purpose-built for decentralized secure storage and computing. Nillion founders include former employees of Uber, Indiegogo and Hedera Hashgraph as well as executives from Coinbase and Nike.

Davos Protocol: Stable Asset Loan Protocol

Founder:Varun Satyam、Julian Hayward、Filipe Gonçalves

stage:Seed round.

The stable asset of Davos Protocol is DAVOS, which uses the stable benchmark of liquidity pledge and over-collateralization to solve the liquidity lock problem. Specifically, Davos Protocol accepts tokens from multiple PoS networks as collateral to borrow DAVOS stable assets, and then, Davos Protocol runs a variety of low-risk strategies to generate income from the collateralized assets and redistribute them to DAVOS collateral providers and DEX liquidity providers. The Davos Protocol risk team manages the protocol's monetary policy to balance optimal price stability with yield, voting weekly on the distribution of rewards between stakeholders and liquidity providers. Strategic partners for the project include Polygon and Ankr.

Timeswap: Decentralized Lending Protocol

Founder:Ameeth Devadas、Harshita Singh、Ricsson Ngo

stage:Seed round stage.

Introduction:

Introduction:Timeswap is a decentralized lending platform and an AMM protocol powered by Polygon. The main features of Timeswap include flexible interest rates and collateral factors, users can flexibly decide their risk-reward ratio, and allow users to create any Ethereum-based ERC 20 token pool by providing appropriate liquidity.