On June 16, 2022, Draper Descentralized Studio hosted a demonstration day for its accelerator candidates to present solutions to a guest group of more than 60 mutual funds, angel investors, and the media. With Tim Draper, Alyse Killeen of Stillmark and Nic Carter of Castle Island forming the panel of investors, this was an exciting opportunity for start-ups to share their work helping drive global bitcoin adoption.
According to the website, Draper Descentralized Studio is a “three-month program for teams working to make Bitcoin not only a firm asset class, but also a global payment network, a global money network, and finally a network. global society “.
This program is evolving into what they call the “Bitcoin Club,” a work and pitching format for start-ups, where experienced investors, advisors, and operators focus on a specific mission that supports the club’s businesses. . The club hosts events, podcasts and other ways to publicize participating companies.
In participating in the program, the founders of the startups worked closely with relevant industry experts from Advanced Blockchain AG, BDO, Texas Blockchain Council, Sovryn, HODL Capital, Galoy, Mimesis Capital, Fulgur Ventures, a41 Ventures and the NGO Bitcoin Argentina, receiving advice on strategy, compliance and fundraising.
DraperX Bitcoin Studio launched its pilot program in February 2022 with 11 teams on board. Upon completion of the program, the candidate companies presented their products to a panel of investors: Draper, Killeen, and Carter, along with private equity firms, family offices, venture capitalists, and angel investors to the public.
Below are 10 companies that have participated in the program and a brief overview of what they do.
Lightning Escrow is a fast, secure, affordable, and secure, third-party trust built on the Lightning network.
Geyser is a native crowdfunding platform from Lightning. They offer reward-based crowdfunding along with a range of services for a global audience of creatives and fans.
The Bitcoin company
The Bitcoin Company is a private, easy-to-use application that combines native Bitcoin tools with traditional financial tools designed to create the native Bitcoin bank of tomorrow.
Voltage is a leading provider of infrastructure for the Bitcoin and Lightning network. They offer cloud-hosted node services.
Oshi is a hyper-vertical, node-independent, node-independent local promotions marketplace that introduces businesses and consumers to Bitcoin trading and rewards.
Diba is an open and organized marketplace for NFT in Bitcoin that uses the Really Good For Bitcoin (RGB) smart outsourcing network. The product offers a market support portfolio.
Coinplus is a secure physical wallet ready to use for giving away and storing bitcoins.
ShockNetwork is a way for users to receive bitcoin through a stack of next-generation Lightning Network applications using the ShockNetwork advertising platform as proof of concept for the larger stack.
Eggschain is the first biotechnology company in the Bitcoin blockchain with integrated inventory management in the patented blockchain and a chain of custody technology to track biological samples.
BlockSurvey is a decentralized end-to-end encrypted data collection network that offers the ability to conduct private surveys (with confidential data held by the respondent). It allows users to create wealth from the data they share with businesses.
Global Residence and Citizenship Group
Global Residency and Citizenship Group is a platform for mobility assets (passports, residence permits, digital nomadic visas, virtual residences) in 50 countries with the aim of enabling people to be truly sovereign.
Although the presentation day did not end with final investment deals, these companies had the opportunity to share their exciting Bitcoin-based products. After attending the presentations, it’s hard to say that there aren’t any interesting things happening in the Bitcoin ecosystem. These companies have original and innovative business models that are likely to make big waves in the coming years with the adoption of bitcoin.
In his closing remarks, Draper noted that he was “excited and excited to learn more about the equipment. People have seen a lot going on in other channels. Now builders are screaming and doing their best in bitcoin.”
Killeen concluded: “Having known these teams, it’s impossible not to be optimistic about the space and the impact that everyone can have.”
Carter highlighted the role of Lightning Network in “opening up a large design space. Exposure to demonstration day startups is further proof that Lightning is a key facilitator in creating non-custodial solutions that have a monetization element.I’m very impressed with the quality of today’s equipment.
DraperX Bitcoin Studio will begin accepting applications in mid-July for its next cohort. Once accepted, the teams will work closely with industry experts to receive advice on strategy, compliance and fundraising. The most successful startups will be presented at the Bitcoin Club to benefit from the resources it offers.