AppWorks Demo Day #29 is here
AppWorks Demo Day will take place on December 10, featuring a total of 35 selected startups, including 30 from AppWorks Accelerator #29, 3 from Wistron Accelerator #7, and 2 from TINC Batch 9.
Among them, TINC Batch 9 is participating in Taiwan for the first time, operated jointly by Telkomsel of Indonesia and AppWorks as a corporate vertical accelerator. These startup teams focus on creating B2B solutions and successfully collaborated with Telkomsel during the accelerator to complete a proof of concept (POC), jointly promoting innovation and growth in Indonesia's digital economy.
AppWorks Chairman and Partner Lin Zhi-Chen stated at the opening that while AI is eye-catching, blockchain technology is also a major focus of this year's Demo Day. In the second half of the year, Bitcoin's price surpassed $100,000, and the total market value of the cryptocurrency market has reached $3.7 trillion, indicating a massive scale.
Lin Zhi-Chen explained that the Bitcoin ETF is traded on the stock market, allowing investors to easily trade Bitcoin, attracting more funds. Additionally, the rise of Bitcoin has also driven the growth of other crypto assets such as Ethereum and Solana, while the circulation of stablecoins is gradually increasing.
Lin Zhi-Chen compared public concerns about 'blockchain' to the distrust experienced during the early days of online shopping in the 1990s, stating that new technologies always attract bad actors to commit fraud. However, the cryptocurrency industry is moving towards mainstream development, and its practical application scenarios are expanding.
Which interesting WEB3 teams are worth following?
Cryptocurrency trading data platform: Blave
The Taiwanese team Blave focuses on providing cryptocurrency trading data, aiming to unlock more data from centralized exchanges and transform it into valuable metrics for traders. In addition to providing data, Blave also launches automated trading features to help traders make better investment decisions while improving the database by capturing traders' data and positions.
One-stop plugin solution: Xellar
Xellar is a one-stop plugin solution aimed at making it easy for applications to embed Web3 features, helping users engage as simply as they would with Web2 applications.
Xellar allows applications to embed cryptocurrency wallet functionality and enables registration and login using social media accounts. Additionally, Xellar introduces decentralized finance (DeFi) features without adding extra complexity, such as gas fees.
On-chain options trading platform: Moby
Moby is an on-chain options trading platform providing optimal price options trading and an easy-to-use interface. Options occupy 60% of the market share in U.S. stock trading and are a primary trading tool. However, in the cryptocurrency domain, the proportion of options trading is less than 1%, indicating that this market has enormous growth potential and is growing rapidly.
To solve these problems, Moby uses large-scale data processing technology to narrow the spread and reduce trading costs for investors. In addition, Moby offers a simple user interface and has launched a chart-based prediction market.
Blockchain ticketing platform: Tessera
Tessera is a blockchain ticketing platform. Its solutions have two main innovations: first, an upgrade in cash flow, allowing event organizers to receive payments faster, increasing the payment speed by three times, enabling organizers to have the funds to organize more events.
Additionally, Tessera makes the ticket purchasing process more convenient and transparent. To prevent scalping, Tessera has developed a feature that allows ticket purchases to be completed in seconds without registration, simplifying the purchasing process and enhancing user experience. At the same time, the company has developed a more transparent ticketing system through blockchain technology to strengthen trust in the ticketing process.
Cryptocurrency AI trading strategy deployment platform: QuantAlpha
QuantAlpha creates a platform for deploying AI trading strategies for cryptocurrencies, including AI data collection, machine learning processes, high-performance backtesting engines, as well as execution and monitoring of trades, helping investors tailor their investment strategy framework before and after trading to enhance efficiency and accuracy. QuantAlpha can effectively reduce volatility and assist investors in accumulating specific crypto assets.
Tokenization solutions: Equitize
Equitize helps traditional financial institutions convert physical assets (such as fiat currency, real estate, bonds, etc.) into tokens on the blockchain, including providing a complete range of functions such as token issuance, custody, and transfer, while also supporting cross-chain interoperability, significantly simplifying the threshold for enterprises to enter the blockchain, allowing assets to circulate across different blockchain networks, thus increasing liquidity.
Liquidity re-staking protocol: YieldNest
YieldNest is a liquidity re-staking protocol that simplifies complex decentralized finance (DeFi) protocols, allowing users to participate easily. Through YieldNest's products, users can choose different digital assets (such as Ethereum, stablecoins, Bitcoin, or BNB) and utilize the platform's unique methods to achieve the highest returns. YieldNest diversifies and adjusts asset allocation to help users achieve optimal yields.
DeFi platform: Harmonix Finance
Harmonix Finance is a DeFi platform; traditional DeFi strategies usually rely on staking and lending, but these methods have limited returns and may carry risks, such as high leverage trading leading to significant losses. Harmonix Finance helps users earn stable returns by utilizing derivatives such as funding rates and option premiums.
Blockchain education platform: Bitskwela
Bitskwela is dedicated to addressing the issues of cryptocurrency and blockchain education in the Philippines. The Philippines has 30 million cryptocurrency users and a market value of $64 billion, but lacks quality nationwide education. Bitskwela's goal is to simplify cryptocurrency education so that the general public can understand and participate.
Bitskwela has established itself as a leading Web3 education brand in the Philippine market, serving over 25 stakeholders and more than 70 universities, with over 100,000 users. In the future, they plan to help the next batch of 100,000 developers in the Philippines by teaching programming languages such as Rust, Solana, Fidelity, and Move.
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