The Stacks Accelerator, a three-month mentorship program for constructing decentralized purposes (dApps) on Bitcoin, at present introduced 25 investments throughout verticals akin to privateness, decentralized finance (DeFi), sustainability, incentive rewards, music/artwork, and fertility. The Stacks Accelerator helps startups creating a user-owned web constructed on Bitcoin with Stacks.
Out of a whole bunch of candidates, 25 startups had been chosen for the Stacks Accelerator’s inaugural batch. The cross-section of purposes in growth is expansive, overlaying enhanced non-public communications, DeFi on Bitcoin, NFT discovery and marketplaces, artwork provenance, censorship resistance, the chain of custody verification, and next-generation rewards purposes.
As an illustration, Pravica offers peer-to-peer and end-to-end encrypted communications with out asking for any personally identifiable data. Arkadiko empowers DeFi on Bitcoin by way of Stacks utilizing a non-custodial liquidity protocol to mint stablecoins, assist customers earn curiosity, and borrow property.
Beginning in India and increasing abroad, GoSats permits customers to obtain “satoshis,” the smallest unit of bitcoin, as a substitute of cashback. Moon brings the ‘residing on bitcoin’ dream a step nearer to actuality by letting customers immediately convert a specified quantity of bitcoin to USD and cargo it onto a KYC-free VISA card.
Eggschain, which has a patent for monitoring embryos, organs, and tissues by way of blockchain, is bringing a safe and verifiable chain of custody to life’s most valuable property, defending rightful custodians in opposition to malicious actors who can (and do) modify possession information by bribery or different means.
“The number of decentralized purposes being constructed highlights the unbelievable expertise that Stacks attracts due to its mission and modern know-how. In my 10+ years of advising and investing in early-stage firms, the standard of the founders that we’ve attracted is among the many greatest I’ve ever labored with.”
– Stacks Accelerator Managing Accomplice, Trevor Owens
The Stacks Accelerator provides entrepreneurs the chance to get hands-on teaching from Stacks specialists, veteran traders, and mentors together with Anthony Pompliano and Eric Ries. The accelerator affords assist in quite a lot of methods, from lean startup workshops to assist discover a exact product-market match to branding, advertising, authorized, and development hacking help.
In July and September, the businesses will demo their services over two days in entrance of greater than 100 traders, together with the likes of Digital Forex Group, USV, and Fenbushi Capital.
The total listing of firms on this cohort is under:
- ALEX – collateralized lending
- Arkadiko – creation of stablecoins, liquidity protocol
- BlockSurvey – surveys/types assortment with out BlockSurvey gaining access to collected information
- BlockTech – greater schooling diplomas as NFTs to fight diploma fraud and showcase the worth of blockchain to Pakistani authorities
- Bransfer – radically decrease charges and quicker speeds for BTC transfers between exchanges
- CryptoMate – a DEX for Stacks targeted on South America
- Eggschain – stock administration and immutable chain of custody for bio specimens
- Glowcase – receives a commission for locating nice NFTs
- GoSats – get money again rewards as you store, however in Bitcoin
- HireVibes – a job postings/discovery website for Net 3.0
- Layer – simple artwork storage and group, and one-click NFT minting
- Lucidefi – a DEX for Stacks targeted on Asia
- Momento – a TikTok for NFTs
- Moon – immediate, KYC-free conversion of BTC into USD-loaded VISA playing cards
- NovumInsights – yield farming / robo advisor
- OBY – a set of decentralized finance (DeFi) merchandise on Stacks
- Open Artwork Supply – AI-backed provenance for bodily artwork, VR artwork galleries, and an artwork market with blockchain-secured possession information
- Pravica – peer-to-peer, end-to-end encrypted chat and electronic mail apps that don’t ask for any private information to open an account
- Rcrdshp / Let The Music Pay – music NFTs as collectibles, targeted on festivals and DJs
- Redeemable – a market for NFTs which can be convertible to particular entry or interactions with NFT issuer
- Risidio – a pro-artist NFT market working with DeadMau5, Cara Delavingne, Chemical X, and others
- SEEK – a market for gigs the place gig staff personal their information, historical past, opinions, and many others.
- Sigle – a running a blog website the place customers, not the location, personal their posts/information
- Sustainable Bitcoin Customary – carbon credit system and certifications for BTC miners
- TontineTrust – a tontine pension fund with clear accounting on blockchain