Build The Block Episode 1 Highlights: Mind Network vs. Kryptoskatt
Main Takeaways
Build the Block is the world's first Web3 entrepreneur reality show set entirely in the metaverse.
The first episode premiered on May 12 and pitted Mind Network against Kryptoskatt.
See the highlights of the first showdown and get a preview of the next episode, Sandbags Protocol Vs. Wallet Guard.
Mind Network or Kryptoskatt? See who won the hearts of the audience in the first episode of our metaverse reality show, Build the Block.
Welcome to the world's first Web3 metaverse entrepreneur reality show, Build the Block! We handpicked 12 promising Web3 projects from more than 900 applications that will battle it out for a chance to take their business to the next level.
Every week, two teams give a live audience of avatars and guest judges the best pitch of their lives, all in the metaverse. Audience members vote to help make their favorite team’s dream come true.
Hosted by Justin Bratton of Asia’s Got Talent, here’s how it all went down in the first episode of Build the Block.
Episode 1: Mind Network Vs. Kryptoskatt
Guest Judges
Joining our very first episode were guest judges Yi He, co-founder and CMO of Binance, Robby Yung, CEO of Animoca Brands, Azeem Khan, fundraising and partnership lead at GitCoin, and Guy Turner, co-founder of the CoinBureau YouTube channel.
Mind Network
“We want to secure on-chat private data and empower the adoption of analytics and AI. Let’s make your data truly yours!” – Mason, Mind Network
Mind Network is a privacy-preserving tool for data storage and computation that allows developers to program on protected data.
Representing Mind Network was its founder, Mason, ready to impress with a flame red-haired avatar and a value proposition of protecting private data and empowering Web3 users.
And impress he did.
Following Mason’s intriguing presentation of Mind Network – explaining the concept of decentralized private data lakes and more – guest judge Yi praised his team, tech, and pitch, yet noted that the pitch itself hadn’t been quite perfect.
“I would advise you to use simpler language for the public to understand more easily - that's one way to educate the world on Web3 and improve our industry,” commented Yi.
Kryptoskatt
“When we all hate paying taxes, why do we have to go through this complex & stressful process of filing crypto taxes by ourselves? It can take days or weeks depending on how active your portfolio is, but with Kryptoskatt, it's just minutes.” – Sukesh, Kryptoskatt
Kryptoskatt is a software-as-a-service startup that offers a crypto tax calculation toolkit.
Kryptoskatt’s founder and CEO, Sukesh, opened by presenting the issue of an estimated $50 billion tax gap in the US alone and proposing a three-step solution to help people file their crypto taxes.
Tax season can be stressful, guest judge Robby agreed wholeheartedly: “I have to say I really liked Sukesh’s pitch. I think this is something that is going to be highly needed throughout the industry, not just on a B2C basis but even on a B2B basis, so I’m on board with this!”
And the winner is…
Kryptoskatt: 278
Mind Network: 272
Congratulations, Kryptoskatt!
With just a six-vote margin to decide the winner, it was a very close one indeed! Both teams put up highly compelling pitches, but the collective unease over the complexity of crypto taxation seems to have felt just a bit more urgent to the audience.
Next Up: Sandbags Protocol vs. Wallet Guard
Guest Judges
For the next episode of our metaverse show, join yet another impressive lineup of special guests: Yibo Ling, chief business officer at Binance, Robby Yung, CEO of Animoca Brands, Azeem Khan, fundraising and partnership lead at GitCoin, and Guy Turner, co-founder of the CoinBureau YouTube channel.
Sandbags Protocol
Sandbags Protocol is a security project that provides solutions to help businesses safeguard their clients’ assets.
Robust security is essential for the mainstream adoption of crypto. CMO of Sandbags Protocol, Sean, will explain how the project’s Filter Contract and Relay Network solutions can address the most pressing Web3 security issues.
Wallet Guard
Wallet Guard is a Web3 browser extension that protects users from scammers.
You will learn a lot about safeguarding your crypto using a security browser extension from Wallet Guard co-founder Ohm’s pitch. Wallet Guard’s focus is on fending off scammers.
Are you ready for the ultimate Web3 security battle? Tune in for episode two of Build the Block on May 16, 2pm UTC.
Catch Build The Block Episode 2: Sandbags Protocol vs. Wallet Guard
Build the Block is available exclusively on Binance Live and our official YouTube channel. Catch the latest episodes every Tuesday and Friday at 2pm UTC.