2 years ago
The accelerator’s three-month programme aims to enactment Bitcoin startups and hone their pitches successful bid to contiguous to investors and get task funding.
On June 16, 2022, the Draper Decentralized Studio hosted a demo time for their accelerator candidates to suggest solutions to an invite-only radical of 60-plus concern funds, angel investors and media. With Tim Draper, Alyse Killeen of Stillmark and Nic Carter of Castle Island forming the capitalist panel, this was an breathtaking accidental for early-stage companies to stock their enactment successful contributing to bitcoin adoption connected a planetary scale.
According to the website, Draper Decentralized Studio is simply a “three-month programme for teams moving connected making Bitcoin not lone a steadfast plus class, but besides a planetary outgo network, planetary wealth web and, eventually, a planetary societal network.”
This programme is evolving into what they are calling a “Bitcoin Club,” a format of moving and pitching for early-stage startups, wherever experienced investors, advisers and operators absorption connected a definite ngo that supports the companies successful the club. The nine hosts events, podcasts and different means of spreading the connection astir participating companies.
By participating successful the program, startup founders worked intimately with applicable manufacture experts from Advanced Blockchain AG, BDO, Texas Blockchain Council, Sovryn, HODL Capital, Galoy, Mimesis Capital, Fulgur Ventures, a41 Ventures and ONG Bitcoin Argentina, receiving guidance connected strategy, compliance and fundraising.
DraperX Bitcoin Studio launched its aviator programme successful February 2022 with 11 teams connected board. After the completion of the program, campaigner companies pitched their products to a sheet of investors: Draper, Killeen and Carter, with backstage equity firms, household offices, task superior and angel investors successful the audience.
Below are 10 companies that went done the programme and immoderate little accusation astir what they do.
Lightning Escrow
Lightning Escrow is simply a fast, secure, affordable and non-custodial escrow built connected apical of the Lightning Network.
Geyser
Geyser is simply a Lightning-native crowdfunding platform. They connection reward-based crowdfunding arsenic good arsenic a slew of services for a worldwide assemblage of creatives and supporters.
The Bitcoin Company
The Bitcoin Company is simply a backstage and easy-to-use app which combines Bitcoin-native tools with accepted fiscal tools aiming to make the bitcoin-native slope of tomorrow.
Voltage
Voltage is simply a starring infrastructure supplier for the Bitcoin web and Lightning. They connection cloud-hosted node services.
Oshi
Oshi is simply a Lightning-native, node-agnostic and hyper-verticalized section promotions marketplace introducing businesses and consumers to bitcoin commerce and rewards.
Diba
Diba is an unfastened and curated marketplace for NFTs connected Bitcoin utilizing Really Good For Bitcoin (RGB) astute contracting Network. The merchandise offers a gateway wallet supporting the marketplace.
Coinplus
Coinplus is simply a ready-to-use unafraid carnal wallet for gifting and storing bitcoin.
ShockNetwork
ShockNetwork is simply a mode for users to person bitcoin done a stack of next-generation applications for the Lightning Network by utilizing the ShockNetwork advertizing level arsenic a proof-of-concept to the larger stack.
Eggschain
Eggschain is the archetypal biotech institution connected the Bitcoin blockchain with patented blockchain-integrated inventory absorption and concatenation of custody exertion for tracking biospecimens.
BlockSurvey
BlockSurvey is simply a decentralized and end-to-end encrypted information postulation web that offers the quality to behaviour backstage surveys (with delicate information being kept by the respondent). It empowers users to make wealthiness from the information they stock with businesses.
Global Residency and Citizenship Group
Global Residency and Citizenship Group is simply a level of mobility assets (passports, residency permits, integer nomad visas, virtual residencies) successful 50 countries with the extremity of enabling individuals to beryllium genuinely sovereign.
Summary
While the transportation time did not reason with last concern agreements, these companies had the accidental to stock their breathtaking products being built connected Bitcoin. After witnessing the presentations, it is hard to assertion that breathtaking things aren’t happening successful the Bitcoin ecosystem. These companies person archetypal and innovative concern models that volition apt marque large waves successful the coming years of further bitcoin adoption.
In his closing remarks, Draper noted that helium was, “Thrilled and excited to larn much astir the teams. People person observed a batch of things happening connected different chains. Now, builders are claiming and moving their champion to Bitcoin.”
Killeen concluded, “After gathering these teams, It is intolerable not to beryllium bullish connected the abstraction and the interaction everyone tin have.”
Carter highlighted the relation of Lightning Network which, “Opens up large plan space. Exposure to the demo day’s startups is different impervious that Lightning is simply a cardinal catalyst for creating solutions which are non-custodial, yet person a monetization element. I americium precise impressed by the prime of today’s teams.”
DraperX Bitcoin Studio volition commencement accepting applications successful mid-July for its adjacent cohort. Upon acceptance, teams volition enactment intimately with manufacture experts to person guidance successful strategy, compliance and fundraising. The best-performing startups volition beryllium introduced to the Bitcoin Club to payment from the resources it has to offer.
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