Powered by Extreme Tech Challenge and CoinDesk
Extreme Tech Challenge and CoinDesk
Extreme Tech Challenge (XTC) and CoinDesk have joined forces to launch the inaugural, global Web 3 Pitch Fest as part of the Consensus Festival in June. This first-of-its-kind global competition aims to provide a platform for the massively innovative Web 3 projects and communities worldwide.
Applications are now open here until Apr 30, 2022.
Legendary Venture Capitalist and Extreme Tech Challenge Co-Founder
Michael J. Casey
Chief Content Officer, CoinDesk
The call for entries is not only for startup corporate enterprises but also for any developer teams, distributed autonomous organizations (DAO) or non-fungible token (NFT) projects/communities working on a commercial business product or service that uses blockchain technology in the below categories.
Applications are open to all. Evaluators will narrow the applicants to the top eight who will pitch an all-star panel of judges live onstage at Consensus 2022 in Austin. The Top four (three winners + one wild card) will receive an exclusive invitation to showcase at Sir Richard Branson’s Necker Island on Aug. 6, 2022.
Each winning team will receive travel expenses for one founder to Richard Branson’s storied Necker Island event in the Caribbean for the 'Leadership Gathering' event in August 2022, along with mentoring, workshops and the chance to pitch to the Virgin Impact team and other global heavyweight investors.
All Pitch Fest entries will go through an evaluation process, with the finals taking place on the last two days of Consensus, the must-attend cryptocurrency, blockchain and Web 3 tech event of the year scheduled for June 9-12, 2022 in Austin, Texas. The Top Eight projects/startups will pitch to a panel of Web 3, cryptocurrency and blockchain trailblazers including Bill Tai, Legendary Venture Capitalist and Extreme Tech Challenge Co-Founder, Meltem Demirors, Chief Strategy Officer at CoinShares and Rumi Morales, Head of Venture and Growth Investing at Digital Currency Group.
Top 8 Finalists receive:
3 Winners + Wild Card Project receive:
The competition is global. The top teams will represent the world’s most innovative projects/startups in Web 3 with commercial viability and global impact. Finalists will gain exclusive access to XTC’s global innovation & investor community and CoinDesk’s reach to a global community of entrepreneurs, investors and expertise in the blockchain & digital currency space.
Blockchain related implementations in any of the below categories that represent responsible innovation for a better society and environment.
Cryptocurrency and blockchain projects, startups, early stage concepts, etc (“solutions”) that deal with the core “medium of exchange” function of money to enable wider financial inclusion, easier and less costly global payments and “programmability” enhancements for peer-to-peer fund transfers.
Organizational Governance | DAOs:
Solutions that draw from the ideas and technology surrounding decentralized autonomous organizations (DAOs) in order to enhance collective empowerment, optimize community decision-making and better allocate shared resources.
Crypto and blockchain solutions that improve people’s cultural, economic or social experience in virtual worlds and seek to advance the public interest, with the benefits accruing both to our off- and online existences.
Creator Economy | NFTs:
Solutions that draw on NFTs and related technologies to empower creators of art, media and entertainment and which encourage the expansion of creative ideas across the widest possible community of participants.
Solutions that resolve challenges arising from the identity and credentialing demands that societies and their institutions have developed offline when applied to the special privacy-preserving access needs of participants in decentralized online communities and ecosystems.
Decentralized IoT Networks:
Solutions that allow different kinds of edge-computing devices to independently and securely share data across a mass network in a decentralized manner that preserves privacy and which enables and incentivizes automated actions in the shared interests of the community of users.
Web 3 and Blockchain Infrastructure:
Solutions that address core challenges for growing the overall Web3 ecosystem, making it more widely accessible and advancing the principles of practical decentralization. Problems to address include blockchain scalability, transaction costs, privacy and security, interoperability, analytics, real-world and off-chain interfaces and universal price discovery.
Legendary Venture Capitalist and Extreme Tech Challenge Co-Founder
Chief Strategy Officer, CoinShares
Head of Venture and Growth Investing, Digital Currency Group
|March 29||Launch of the Web 3 Pitch Fest|
|April 30||Application Deadline|
|May 2 - 16||Application Evaluation|
|May 17 - June 3||Virtual Bootcamp and mentorship|
|June 11 (Saturday)||Web 3 Pitch Fest at Consensus|
|June 12 (Sunday brunch)||Announcement of the Winners|
|August 6||‘Neckerverse’ Showcase|
Is this team uniquely qualified to develop this project? Do they strongly understand their users and the industry and ecosystem in which they operate? Do they have the determination and endurance to carry this through to completion
Does this project indeed rely on the distinctive characteristics of blockchain implementations for its unique business proposition, and is this business proposition a disruptive innovation that creates a new market and/or a new value-ecosystem that displaces or radically modernizes an existing industry? Is it differentiated from competitive or substitute offerings?
MARKET AND COMMUNITY
Is there a clear purpose with network effect, and high levels of user retention and growth. Are the community metrics across platforms showing growth (i.e Discord, Telegram, Slack, Twitter etc.). Can the project demonstrate that it will scale enough in the addressable market for sufficient growth/profit to be an attractive investment?
Is the organizational governance fit for purpose? Does the project’s design encourage the forging of consensus across the network? Is there value capture and value creation across the platform?
Is this innovative project addressing a significant global challenge to society and/or the environment? Can this project have a wide-reaching impact on the same?
CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Its mandate is to inform, educate and connect the global community as the authoritative daily news provider dedicated to chronicling the space.
Founded in May 2013, CoinDesk reaches millions interested in blockchain technology through its website, social media, newsletters, podcasts and video. CoinDesk created the original reference rate known as the Bitcoin Price Index which is widely sourced in the media including The Wall Street Journal, Financial Times, CNBC and many others on a daily basis.
Paula Taylor - firstname.lastname@example.org
Extreme Tech Challenge
Extreme Tech Challenge is a 501(c)(3) nonprofit public benefit corporation whose mission is to empower startups creating new tech innovations to address global challenges. It is the world’s largest ecosystem and competition for purpose-driven technology inspired by the United Nations 17 Sustainable Development Goals (SDG).
The Extreme Tech Challenge™ competition is supported by leading corporations, venture capital investors, foundations, policymakers, universities and tech conferences to give exceptional startups the potential for global visibility, the opportunity to raise capital, the ability to network with global leaders, and access to world-class mentorship to help them pioneer technological breakthroughs that address our most extreme global challenges. A complete list of XTC partners and how to join can be found at www.extremetechchallenge.org.