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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.

The eight finalists of the Web 3 Pitch Fest selected to pitch at Consensus Festival on Saturday June 11, 2022 are :

Bamboo, a micro-savings and micro-investment app to allow everyday people to seamlessly auto-invest into digital currencies.

CELL PROTOCOL, a smart AMM that aims to become the liquidity gateway for CLOBs via simplified automated LP tools.

DEEPER NETWORKS, a device that combines network security, blockchain and a sharing economy to bring people full stack Web3 solutions.

GIVEPACT, a free crypto fundraising platform for nonprofits that funds a community DAO for social impact.

LET ME SPEAK, the first language learning metaverse around a simple and powerful concept — Earn while you Learn.

MERKLE SCIENCE, offering crypto risk and intelligence, setting the standard for next-gen financial safeguards and criminal detection, to ensure that anyone may transact with crypto safely.

METAGOOD, a for profit company that launched the historic NFT collection OnChainMonkey, which has created significant value for its community and catalyzed social impact.

MONA, an open metaverse creation platform allowing anyone to create and sell assets in the metaverse right from their browser.

"Extreme Tech Challenge has built an incredible worldwide community on its journey to become the world’s largest impact oriented startup competition aligned with the UN’s Sustainable Development Goals.  In partnering with CoinDesk’s Consensus Conference,  together we will amplify the world’s best companies in Web 3, DAOs, NFTs and the distributed, blockchain based economy. This will be an unbeatable combination to bring resources and visibility to the companies representing the white hot tip of the new economy."
"Extreme Tech Challenge has built an incredible worldwide community on its journey to become the world’s largest impact oriented startup competition aligned with the UN’s Sustainable Development Goals. In partnering with CoinDesk’s Consensus Conference, together we will amplify the world’s best companies in Web 3, DAOs, NFTs and the distributed, blockchain based economy. This will be an unbeatable combination to bring resources and visibility to the companies representing the white hot tip of the new economy."

Bill Tai

Legendary Venture Capitalist and Extreme Tech Challenge Co-Founder

“The many different teams of builders behind the current explosion of blockchain innovation – from startups to community DAOs to ad hoc projects – deserve a world-class pitch competition before a large motivated audience that embraces the grassroots spirit of their undertakings. In pairing with XTC, the best competition organizer in the world, CoinDesk is excited to bring them just that"
“The many different teams of builders behind the current explosion of blockchain innovation – from startups to community DAOs to ad hoc projects – deserve a world-class pitch competition before a large motivated audience that embraces the grassroots spirit of their undertakings. In pairing with XTC, the best competition organizer in the world, CoinDesk is excited to bring them just that"

Michael J. Casey

Chief Content Officer, CoinDesk

How It Works

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.

At Consensus

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 Pitch Fest will be hosted by Bill Tai, Legendary Venture Capitalist and Extreme Tech Challenge Co-Founder. The Top Eight projects/startups will pitch to a panel of Web 3, cryptocurrency and blockchain trailblazers including Meltem Demirors, Chief Strategy Officer at CoinShares, Rumi Morales, Head of Venture and Growth Investing at Digital Currency Group and Francis Ho , Partner at Walden Catalyst Ventures.

Prizes

Top 8 Finalists receive:

  • • Mentorship, Bootcamp and entry as finalists through XTC
  • • Consensus Pass and accommodations for the top eight pitching Founders
  • • VIP event for Finalists onsite at Consensus
  • • Profile Story on CoinDesk

3 Winners + Wild Card Project receive:

  • • The top three winning teams (and a Wild Card project) from the Consensus Finals will receive an exclusive invitation to participate in the XTC Web 3 Showcase Day during ‘Neckerverse’ at Richard Branson’s storied Necker Island event in the Caribbean on 5th August, 2022.
  • • Each winning team may send one representative to Necker Island.
  • • Flight and 3 nights of accommodation for the Necker Island experience
  • • Pitch to and Network with Global Leaders across the Web 3, crypto and blockchain ecosystem at Consensus and Neckerverse.
  • • Meet and greet with investors, mentoring, workshops and the chance to pitch to the Virgin Impact team and other global heavyweight investors.

Why Apply

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.


For complete rules see this page. For complete eligibility requirements see this page.


Web 3 Competition Scope of Eligibility

Blockchain related implementations in any of the below categories that represent responsible innovation for a better society and environment.


Open Payment and Exchange Systems:

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.


Metaverse Life:

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.


Digital Identity/Credentials:

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.


* If you are working on any of these areas you are eligible to apply

Judging Panel

Meltem Demirors

Chief Strategy Officer, CoinShares


Rumi Morales

Head of Venture and Growth Investing, Digital Currency Group


Francis Ho

Partner, Walden Catalyst Ventures


Timeline

Date

Milestone

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

Evaluation Criteria

TEAM

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


PRODUCT INNOVATION

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?


GOVERNANCE

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?


TECH-FOR-GOOD

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?

About the Organizers

CoinDesk

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.


Contact:

Paula Taylor - paula.taylor@consensus.coindesk.com


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.

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