BitAngels Virtual Pitch Session Overview June 2023
From digital twins to supply chain management, gaming, and beyond, these five blockchain companies demonstrated the immense potential of blockchain technology.
The blockchain world continues to evolve and innovate, attracting diverse companies striving to make their mark in this rapidly expanding industry. The Monthly BitAngels Virtual Pitch Session brought together five blockchain companies, providing them with a platform to showcase their ideas and solutions. From digital twins to supply chain management, gaming, and beyond, these companies demonstrated the immense potential of blockchain technology across various sectors. We will delve into the fascinating pitches delivered by these visionary companies, highlighting their unique approaches and the impact they could have on shaping the future of blockchain.
Remember, as a BitAngels member, you have access to exclusive deal flow, complete pitch decks, videos of all pitches, direct contact information for participating companies, and invites to exclusive virtual and in-person events. Sign up today for access to our member space!
FanFundr with Drew Williams, Founder and CEO
Introducing FanFundr, a revolutionary platform founded by Drew Williams that aims to address the issue of oversaturation of projects driven by algorithms, which often fail to represent customer interests and subsequently lead to a decline in fan engagement and loyalty, resulting in reduced revenue for companies.
Recognizing the importance of creating a product that genuinely captivates fans and encourages their active involvement, FanFundr offers a creative solution. In response to the rising customer acquisition costs of 60%, the company introduces an escrow-backed system through FanFunder. Users can join petitions to support their favorite creators or brands. If the petition is accepted by the celebrity or brand, an NFT (Non-Fungible Token) is minted for the escrow group, unlocking exciting experiences such as parties, concerts, albums, blogs, TV shows, and physical products.
The platform specifically caters to the desires of Millennials and Gen Z, who seek highly personalized and bespoke experiences with their preferred brands. By correlating the staking amounts with the group's voting power and petitions, FanFundr ensures that fans have a meaningful say in shaping the events and experiences they desire. Furthermore, participants in the ecosystem are rewarded with a FanFundr coin, enhancing their overall engagement.
Here's how FanFundr works: stars, brands, and fans sign up for the platform and propose events or experiences, while users contribute funds to an escrow dedicated to a specific petition. The star is notified once a certain amount is raised, and fans can interact directly with their favorite celebrities. Collaboration becomes key as fans can actively participate in decisions.
FanFundr's team boasts extensive experience in marketing, business development, and working with renowned celebrities and brands. Currently seeking a pre-seed investment of $350K, FanFundr aims to democratize pop culture through crowd-funding, giving fans unprecedented influence and involvement in shaping the experiences they cherish.
Klearcoat Labs with Keith Wilson, Founder and CEO.
Klearcoat Labs is a cutting-edge provider of services to the automotive industry's major stakeholders, specializing in digital assets and experiences. With a focus on addressing the challenges faced by manufacturers, dealerships, and outdated business models, Klearcoat Labs aims to revolutionize the automotive landscape.
Supply chain problems, inventory mismatches, and outdated business models in the automotive industry often result in customer dissatisfaction. Klearcoat Labs has developed innovative solutions that leverage NFTs, gaming, and mobility data to enhance and improve automotive experiences. Their flagship platform, Helix, empowers customers to create digital twins of their vehicles, unlocking a wide range of exciting possibilities.
By offering access to valuable data, Klearcoat Labs generates revenue by charging car dealerships for their services. With a fully functional platform, Helix enables users to immerse themselves in the metaverse through thrilling experiences like NFT car racing and digital twins of real-life cars. The platform also provides a customizable navigation map and allows drivers to share their data anonymously in exchange for rewards and incentives. Users can even choose to sell their data to insurance companies and other data brokers, putting them in control of their information.
One notable aspect where Klearcoat Labs stands out is its commitment to negotiating on behalf of customers for the best deals. There needs to be more dedicated representation for customers in the automotive data market, which is a $12 billion industry. Klearcoat Labs aims to bridge this gap by acting as a metaverse data broker, ensuring users are represented and rewarded for sharing their data.
The digital metaverse extends beyond automotive twins to encompass real-world physical products. Recognizing this shift, major industry players like Nike, Rolex, Amazon, and the California Department of Motor Vehicles are already in the process of adopting blockchain technology to verify physical objects and records. Klearcoat Labs aims to facilitate this transition into the digital space and bring their extensive experience working with renowned brands such as Ford, Rivian, Mercedes-Benz, Peugeot, Driveway AI, Lincoln Motor Company, Microsoft, and Stellantis to the forefront.
The auto industry has taken notice, with 20 dealerships expressing interest in collaborating with Klearcoat Labs to create digital collectibles tied to the cars they sell. This collaboration promises to enhance the overall customer experience and further showcase the potential of digital technologies in the automotive industry.
Mayfaircoin with Rbee Mehmood, Founder, and CEO.
By integrating their services with Shufti Pro, a trusted and industry-standard KYC and AML verification system, MayfairCoin ensures a secure and reliable user experience. Users can quickly sign up for services through the app, with all listings and transactions verified on the blockchain to prevent scams and fraudulent activities.
One of the primary objectives of MayfairCoin is to minimize administrative work and eliminate the need for unnecessary third parties. The real estate and rental industries are also plagued with fraud, including fraudulent property listings, fake pictures, and individuals disappearing after receiving deposits.
MayfairCoin is developing three synchronized apps to combat these issues for property owners, renters, and landlords. These apps will leverage blockchain technology, creating a transparent and secure environment for all parties involved. Initially launching in the UK, MayfairCoin has plans to expand to the Middle East and, subsequently, the United States, aiming to establish a global presence while tailoring its services to specific markets within each country.
AI is crucial in MayfairCoin's ecosystem, facilitating direct communication between tenants, maintenance teams, and decorators. The AI can generate property descriptions and assist landlords in assessing the suitability of potential tenants. MayfairCoin plans to generate revenue through monthly subscription or commission fees charged to real estate agents, hotel and short-term rental managers, and landlords to sustain its operations.
Rich Hens with Founer Nikita Alshinskii
Welcome to Rich Hens, an adorable web3 gaming project based in Bucharest for chicken lovers worldwide. One cannot deny the charm of its graphics. The concept revolves around allowing players to earn tokens by engaging in various actions on the platform. Web3 developers need help integrating 3D designs with current global technology due to limitations in quality and graphics. To cater to the preferences of web3 players, simplicity is key, as not all phones can handle complex visuals. With this in mind, Rich Hens aims to create a world that is easy to understand and accessible to players from all corners of the globe. The game will be available on Android and iOS platforms, ensuring a broad user base.
In this unique gaming experience, NFT chickens play a central role. These virtual creatures surprise players by laying eggs at unpredictable times. Users can eagerly open the eggs and discover the exciting contents within. They can then take these treasures and store them securely in their digital wallets or trade them.
The public sale of Rich Hens tokens is scheduled for September. However, you don't have to wait until then to taste the adventure. The app is currently available for users to try out and explore its features firsthand.
Salsa Valley with Yuliia Mazura, the co-founder.
Their portfolio showcases a variety of creative endeavors, such as Salsa TV on YouTube, a crypto verse cartoon, and a crypto board game. They aspire to create a full-length animated film based on their game concept in line with their ambitions.
One interesting aspect of their approach is utilizing a board game to introduce and engage people, including friends and family, with their metaverse game world. This unique approach fosters social interaction and creates shared experiences among players.
In terms of their plans for the future, they are currently in the process of developing a metaverse. Although it is still a conceptual idea at this stage, they have already introduced presale NFTs that will have a role within the metaverse once it is fully built. Their target is to have the metaverse up and running within a year, and they aim to integrate it with various metaverse platforms.
Make sure to sign up for free membership and check your inbox for an invite to the next BitAngels Virtual Pitch Session on July 25, 2023, via Zoom. As always, this is not financial advice, and we are not financial advisors.