According to Foresight News, Monad has announced the first batch of projects for the Monad Madness NYC startup pitch event. A total of 20 projects will participate in the offline pitch sessions from October 2 to October 4. The projects span various sectors, including decentralized exchanges (DEX), gaming, artificial intelligence (AI), and more. Notable participants include prediction market Levr, leveraged DEX InfPools, Cork Protocol, lending and trading protocol Ammalgam, fee-free trading app Sauce, perpetuals aggregator Cadence, and digital identity project Chipped.

The Monad Madness startup pitch competition boasts a total prize pool of $1 million. Each event location will select 20 teams to compete, with over 60 venture capital firms expected to attend the pitch sessions. Detailed information about the competition and application channels will be available within the next 48 hours.