🦄Web3 Startups and VCs

08 Nov 2023 14:30

"Equity or Token raise?" – that's the question we often get asked.

Designing tokenomics at the very early stage of your startup (if it's not a blockchain infrastructure project) often makes no sense. But what if potential investors continue asking for token metrics and details?

🎥 In this exclusive snippet from InnMind Accelerate's private Q&A with investors, the founding partner at Mulana Capital cuts through the noise: Don't force a token if it doesn't fit your project's stage or strategy. Equity might just be your smart move.

🚀 BTW, this is just a glimpse of the actionable insights available to startups in our Web3 accelerator cohort.

🦄Web3 Startups and VCs

08 Nov 2023 08:40

Ever wondered how crucial expert pitch deck feedback is for founders? This video says it all.

🚀 A huge shout-out to our VC analyst Abdul Rahman for his game-changing insights, and a heartful 🫶 thanks to everyone in InnMind team, for limitless dedication to empowering web3 startups and standing for our values.

Watch the full recording of the previous Crypto VC Pitch Session here

🦄Web3 Startups and VCs

06 Nov 2023 10:38

Old, but super actual 👆

🦄Web3 Startups and VCs

02 Nov 2023 15:16

#VCrating: Top 5 active web3 VCs that invested in October 2023 💸

Access to capital is hard this year. But deals are still happening. In October 2023 overall 235 VCs wrote 315 cheques according to Simplicity's report. Blockchain Infrastructure remains to be the most funded startup vertical.

Let's explore who was actually deploying capital in web3 and crypto startups during the last 30 days:

1️⃣ Polychain Capital invested in 3 startups during October 2023:

- Shrapnel (sci-fi extraction shooter game with NFT assets) - $20m series A round
- Noble (Generic asset issuance chain purpose-built for the Inter-Blockchain Communication (IBC) ecosystem) - $3.3m seed round
- Nocturne (Usable on-chain privacy for Ethereum) - $6m seed round

2️⃣ Variant Fund invested in 2 startups:

- Modulus (Bring powerful AI on-chain with specialized ZK) - $6.3m round
- Blockaid (web3 security) - $27m series A round

3️⃣ Bain Capital Crypto invested in 2 startups:

- Aera (Autonomous onchain treasury management for DAOs) - $8m seed round
- Nocturne (check 👆)

4️⃣ A16Z Crypto invested in 2 startups:

- smlXL (instrumented Ethereum Virtual Machine (iEVM)) - $13.4m seed round
- Blackbird (restaurant loyalty program that combines NFTs with VIP experiences) - $24m series A round;

5️⃣ 1kx invested in 2 startups:

- IYK (platform to enable Digi-physical Creation for Brands) - $16.8m seed round;
- Modulus (check 👆)

💡And if you feel ready to pitch to active crypto VCs, apply to pitch on our next VC pitching session on November 8th.

🦄Web3 Startups and VCs

01 Nov 2023 17:48

How do you keep your community engaged?

It's not yet late to join our Web3 Growth Marketing masterclass live stream 👉 https://www.youtube.com/watch?v=0e_tTqNzZBA

🦄Web3 Startups and VCs

31 Oct 2023 08:41

🚀 Decentralization: The Antidote to Bureaucratic Inefficiency

Watching HBO’s recent episode with Bill Maher & his take on the 'real' deep state, it's hard not to feel a mix of humor and frustration.

18 years to approve a wind farm? 🤬
$1.7 million for a single public toilet? 😲

This is the reality of a centralized system, where layers of bureaucracy create roadblocks at every turn.

But here's the thing: In the world of web3, we're not just following the rules; we're CREATING them.

Web3 is about more than just technology; it's a movement.

A movement to bank the unbanked, democratize access to finances, and eliminate intermediaries. It's about building a system that's efficient, transparent, and TRUSTLESS.

As we celebrate 🎂 Bitcoin's 15th birthday 🎈 today, let's remember the power of decentralization.

Let’s remind WHY we’re here.

Let's remember that while traditional systems may be bogged down by red tape, the web3 ecosystem is agile, innovative, and ever-evolving.

To all our web3 startups, crypto investors, and decentralized web builders: Keep pushing boundaries. Keep challenging the status quo. The future is decentralized, and it's in YOUR hands. 🌍

And InnMind is here to support you at every step!🧡

🦄Web3 Startups and VCs

29 Oct 2023 17:39

… and this is the investor’s email he was referring to 🙂

🦄Web3 Startups and VCs

27 Oct 2023 12:50

Everyone's talking about Zealy, and for a good reason.

But what if I told you there's a whole world of Web3 Growth Marketing tools and strategies that can make your campaigns even more powerful? 🚀

Join our next week's masterclass with William McGuire, the #1 Growth Marketer in Web3, and discover how to achieve x100 results. 💡

🚨 Special Note: Join Zoom session to have your startup's marketing case covered by William McGuire himself. Or watch the live stream on youtube to learn on other startups' cases.

🦄Web3 Startups and VCs

25 Oct 2023 16:00

📢 Live Now: InnMind VC Pitch Session just kicked off!

Join the live stream now in YouTube to watch 6 web3 startups pitching live to VCs, get the inights and market best practices as well as typical questions investors ask to get ready for your fundraising🚀

Participating VCs:

🔵369 Capital
🔵MarsDAO
🔵3X Capital
🔵AQN Digital Ventures
🔵Polygon Ventures
🔵Vista Labs
🔵Ava Labs
🔵Jets Capital
🔵AJ Ventures
🔵Foresight Ventures
🔵Finceptor

👉Join here

🦄Web3 Startups and VCs

25 Oct 2023 09:11

🚀 Web3 Founders & Marketers, This One's For You! 🚀

Out of 16,000+ Web3 startups on InnMind, we've handpicked the Top 7 Web3 Marketing Tools you shouldn't miss.

These tools are game-changers, designed to help you craft, manage, and track high-impact marketing strategies in the Web3 realm. 🌐

👉 Discover the 7 Best Web3 Marketing Tools

Kudos to the brilliant startups behind these tools! 🌟

🏆 WALL: Rethinking user engagement through gamification and NFTs.
🏆 Claimr: Mastering viral Web3 marketing with expert solutions.
🏆 Nuvo: Empowering users to own and monetize their data.
🏆 Tristan: Bridging the gap between Web2 and Web3 experiences.
🏆 ValuesCo: Pioneering impact-driven marketing.
🏆 Myriads: Bringing transparency to Web3 marketing analytics.
🏆 Medley: Boosting Web3 community growth with cutting-edge analytics and gamification.

PS: Got a groundbreaking startup that deserves a spot in our next feature? Ensure it's registered on InnMind and it might just be in our next top picks!

Join the league of innovators 💡 Register on InnMind

🦄Web3 Startups and VCs

19 Oct 2023 08:33

Decoding the Crypto VC Landscape: Q3 2023

Diving deep into the latest «Crypto & Blockchain Venture Capital – Q3 2023» report by Galaxy, here's the distilled essence that matters. Let's cut through the noise and get straight to what you need to know:

🔹 Bear Market Reality: Q3 had the lowest VC activity since Q4 2020. Crypto and Blockchain startups raised $1.975bn across 367 deals in Q3. But remember, it's still double the 2017-2020 bear market levels.

🔹 Deal Stage Dynamics: Notably, early-stage deals (Pre-Seed, Seed, Series A) dominated the capital investment, accounting for 83.5% of the total.

🔹 Sectoral Insights:

- Trading & Exchange: Attracting a significant $611m, it's clear the market is bullish on innovations in trading.
- Web3, NFTs, and Metaverse: These sectors combined raised $266.5m, underscoring the growing interest in decentralized platforms and digital assets.
- AI's Emergence: A notable $60mn was invested in startups blending AI with crypto, signaling a convergence of tech frontiers.
- Deal Stages: Banking, Layer 1, and Layer 2 sectors saw a surge in later-stage deals. In contrast, Custody, Wallets, and Ventures were prominent at the pre-seed stage. When it comes to capital, Custody was a magnet for later-stage investments, while Media/Education was dominated by Pre-Seed capital.

🔹 VC Landscape Evolution: With $1.17bn raised across 15 funds in Q3, the VC environment is becoming more selective. Founders need to pivot towards demonstrating tangible revenue streams and robust business models.

🔹 Geographical Dynamics: The US, while a dominant player, is witnessing competition. Regions like the UAE, Singapore, and the U.K., with their crypto-friendly stances, are emerging as crypto hubs.

🔹 Founders' Imperative: With VC dollars becoming scarcer, founders are in a tight spot. The emphasis now is on demonstrating revenue streams and crafting sustainable business models.

🔗 Full report

🦄Web3 Startups and VCs

17 Oct 2023 21:17

The next edition of Crypto VC Pitching Session by InnMind will be held on October 25th, at 16:00 CET / 14:00 UTC time.

We are actively selecting Blockchain, Web3 & Crypto startups that will get a chance to pitch to proactive VCs on the InnMInd Platform.

Criteria for startups 👇

➡️ Verticals: Decentralized Infrastructure and Apps | Blockchain protocols | Web3 cloud solutions | DeFi | SocialFi & Gaming | NFT | Metaverse, etc.

➡️ Stage: Pre-seed / Seed / Series A

➡️ Geography: Worldwide

Confirmed crypto VC investors:

💼 369 Capital

💼 MarsDAO

💼 3X Capital

💼 Blockchain Founders Capital

💼 AQN Digital Ventures

💼 Polygon Ventures

💼 Vista Labs

💼 Ava Labs

💼 Jets Capital

💼 Gatelabs

💼 Elixir Capital

💼 AJ Ventures

💼 Blockchain Founders Fund

This pitching session allows startups to pitch directly to top-tier investors and VCs and get immediate feedback!

Click "Apply" to get an assessment with the InnMind Investment Analyst before the event 👇

https://app.innmind.com/events/invite/2023/9/25/6daY9EYD4DX2okavR

Pitch <> Convince <> Connect <> Convert VC investors with InnMind!

🦄Web3 Startups and VCs

16 Oct 2023 13:19

🔍 Alchemy's Account Kit: A Look into Web3 Integration Tools 🔍

Alchemy has introduced its Account Kit, offering tools for embedding smart accounts into applications. Here's a breakdown for web3 founders:

🔹 Web2 and Web3 Integration: Utilizes the ERC-4337 account abstraction to merge the familiarity of Web2 with the capabilities of Web3.

🔹 User Onboarding Tools: The aa-sdk library allows for the integration and deployment of smart accounts. It supports various registration methods, from email and social media logins to wallets like Metamask.

🔹 Gas Fee Management: A programmable API is available for handling gas fees within applications.

🔹 Notification System: Real-time alerts keep users updated on their operations, with Account Kit integrating user web-hooks for immediate notifications.

For web3 founders exploring #tools to bridge traditional and decentralized web functionalities, Alchemy's Account Kit offers some noteworthy features to consider.

🎯 And if you know (or develop) other useful solutions for web3 founders, drop it in the comments or register and promote in InnMind’s Perks Club!

🦄Web3 Startups and VCs

13 Oct 2023 08:58

🏆 Miomi Game’s Big Win! 🥳

Congrats to Miomi Game startup , a chain-agnostic eSports arena for tournaments and matches, for clinching the top spot at the START UP COMPETITION at the DeGameFi conference! With sponsors like Tether.to and Polygon Labs backing the event, this is a testament to Miomi Game's potential in the blockchain gaming space.

Judges' Verdict: Miomi Game is leading the convergence of esports, gaming, and crypto.

Pitch Highlight: Watch the 🏆 Pitch

Miomi Game is your ultimate destination for thrilling matches, epic tournaments, and a vibrant social network, where players can compete in thrilling eSport games for both fun and real money.

Founders: Partner with Miomi Games to access +100k engaged users to promote your company through sponsored tournaments.

Investors: Miomi Game invites you to join Pre-seed and Seed round in a company with Moonhill Capital onboard, Football player with 100m+ followers and more than $400k in revenue!

👥 Get in touch with the team via InnMind or connect with Miomi’s COO Tymur Saharda

🦄Web3 Startups and VCs

11 Oct 2023 15:07

🧮 TOKENOMICS: Separating MYTHS from FACTS!

Tokenomics is a buzzword in the crypto space, but how well do you understand it? Let's debunk some common myths and get to the truth:

🔍 Myth: Tokenomics is all about creating hype and pumping the token's price.
Truth: It's about defining utility, use cases and incentives that give genuine value to a cryptocurrency.

🔍 Myth: Tokenomics is a verified science.
Truth: It's an evolving field, and while there are best practices, it's not an exact science.

🔍 Myth: A high token supply means a lower token value.
Truth: Supply is just one factor. Demand, utility, and market dynamics play crucial roles.

🔍 Myth: Staking and farming are utilities.
Truth: They're distribution mechanisms, incentivizing investors to stake tokens and provide liquidity.

🔍 Myth: Tokenomics is only relevant for fundraising.
Truth: It's the heartbeat of a blockchain project, shaping its ecosystem and value proposition.

So, how crucial is tokenomics?
> For investors, understanding a project’s tokenomics is vital during due diligence. It helps identify potential risks and rewards associated with investing in a web3 startup.

> For founders, tokenomics is the backbone of your project. It defines how your token will be used, its utility within your ecosystem, and its value proposition to users and stakeholders. A well-thought-out tokenomics can attract the right investors, foster a loyal user base, and ensure the long-term sustainability of your project.

Struggling with tokenomics?
You can spend months diving deep into market research and competitor analysis, or you can save time and nerve cells, and consult with experts. MHL Solutions is the go-to expert in tokenomics, trusted by solid investors and projects in the web3 space. Don't leave your project's success to chance. Understand your numbers & let the experts guide you to clarity and precision.

📞 Book a free call to discuss YOUR tokenomics 📞

🦄Web3 Startups and VCs

08 Nov 2023 08:47

And a few words from Abdul about today's VC pitch session 📅 that will be live streamed at 4 pm CET. Outstanding selection of web3 startups!

🦄Web3 Startups and VCs

06 Nov 2023 11:53

🤝 Community Call to Action!

One of the startups from InnMind, Weld Money, is stepping into the spotlight, nominated for the "Ukrainian Fintech Startup of the Year" award by Payspace magazine! 🏆

Weld Money is making waves by merging crypto convenience with everyday finance, enabling crypto payments with Mastercard. They're not just a fintech startup; they're trailblazers for the Web3 economy, simplifying transactions for blockchain enthusiasts and the Metaverse community.

Let's rally behind innovation and show what our community is made of! Cast your vote and let's help Weld Money shine on the global stage. 🗳️💪

👉 Vote for Weld Money

Your vote matters – let's support our peers and push the boundaries of fintech together!

🦄Web3 Startups and VCs

03 Nov 2023 10:18

Post-Will McGuire's powerhouse "Growth Marketing in Web3" session, we've unlocked a treasure trove of tools exclusively for our premium members.

This is just a taste of what our members' community gets access to. Don't miss out on the next round of perks!

🔥 Want in? Upgrade your membership to any plan that suits you and start enjoying the full InnMind premium experience. Trust me, it's worth it.

🦄Web3 Startups and VCs

02 Nov 2023 09:38

🔍 Inside the Shadows of Crypto: The Rise of Dark Pools

In the quest for privacy amidst blockchain's transparent nature, dark pools are emerging as a sanctuary for anonymous trading. But what's the trade-off?

🌐 Renegade & Portal Gate are pioneering this space, offering a platform where buy and sell orders cloak in secrecy. Yet, unlike your typical DEXs, they don't promise instant liquidity.

☸ Mixers, a subset of dark pools, break links between wallets and assets to make it difficult to trace the source of funds. Dark pools not only break these links but also facilitate trading without revealing any information about the parties involved.

💡 Privacy Techniques Unpacked: Cryptographic marvels like Groth16 and UltraPlonk power these dark pools to safeguard transaction confidentiality.

🚀 The Liquidity Conundrum: A decentralized dark pool's success hinges on its ability to magnetize traders in droves for that crucial liquidity. It's a 'cold start' challenge that's as tricky as it sounds.

🤔 Privacy vs. Transparency: The eternal blockchain debate rages on. How much visibility is too much?

📖 Read More: Diving Into Dark Pools

Credits - Muhammad Yusuf

🦄Web3 Startups and VCs

01 Nov 2023 17:00

🔥 Going LIVE in a few! 🔥

Join our "Growth Marketing in Web3 Startups" Masterclass with the legendary William McGuire.

🎥 Tune in on YouTube and dive deep into actionable web3 growth strategies: https://youtube.com/live/0e_tTqNzZBA

Don't miss out on this game-changing session! 🚀

🦄Web3 Startups and VCs

30 Oct 2023 12:24

🔍 TON Ecosystem Report

Since our recent workshop with the TON ecosystem, they've showcased significant progress. As per the latest TON ecosystem report:

✅ TON accounts have surged to over 3.5 million.
✅ Active on-chain wallets are nearing 815,000, with an average daily gain of 1,392 new wallets.

It's evident that the crypto landscape is evolving. While established players have made their mark in 2021, the next bull wave might be dominated by emerging blockchain ecosystems like TON.

If you're a web3 startup, it's worth considering integration with TON's rapidly expanding ecosystem. Their growth metrics and strategic alliances signal a promising future.

🔗Read TON Ecosystem Report Q3 2023

🦄Web3 Startups and VCs

29 Oct 2023 17:36

🚀 Founders, if there's ONE short video to watch this weekend, make it this one📹

Brian Chesky, Airbnb's founder, shares raw rejection letters from VCs who believed their "market wasn't big enough." Fast forward, Airbnb's now a $100 billion giant and handles as much money as the entire GDP of Croatia. 📈

Every 'NO' you hear? It's just a stepping stone. Keep pushing, keep believing, and prove those who don’t they are wrong! 💪

🦄Web3 Startups and VCs

26 Oct 2023 23:33

Bear market is crypto's natural filter: valuations ⬇️, VC funding 📉, and scammy web3 pitches 🚫 all take a hit. If there's one upside to this bear market, it's this: Less noise, more real deals. Agree?

🦄Web3 Startups and VCs

25 Oct 2023 12:56

🔥 Taking Web3 Marketing to the Next Level! 🔥

After diving into the best tools for Web3 marketing, it's time to master the strategies and tactics that can skyrocket your project's growth. 🚀

Join us for an exclusive workshop on "Growth Marketing in Web3" with William McGuire, a seasoned expert who's orchestrated campaigns crowdfunding over $240 million. Dive deep into actionable insights, get personal advisory sessions, and a checklist to launch your Web3 marketing campaign with a bang!

🚨 Special Note: Join us on Zoom for a chance to have your startup's marketing case covered by William McGuire himself. Get personalized advice from the best in the business!

📅 Date: November 1st, 2023

⏰ Time: 17:00 CET

🔗 Reserve Your Spot Now!

Equip yourself with the best-in-class strategies and tactics to scale your Web3 project like never before! 💡

🦄Web3 Startups and VCs

24 Oct 2023 15:09

Tokenomics Analysis Report: Balancer

A new addition to the InnMind Knowledge Base: Tokenomics Report of Balancer, a popular decentralized exchange (DEX).

Originally crafted for investors, this report is invaluable for web3 founders.

Why?

It offers a deep dive into the economic mechanics that drive a project's growth and success and also gives you an understanding of how real investors look at web3 projects (quite a useful skill for fundraising😉!).

Understand not just the numbers, but the essence of what investors truly seek in tokenomics. 👌

🦄Web3 Startups and VCs

18 Oct 2023 14:00

🚀 Community Call to Action! 🚀

One of the cool startups in InnMind family, Xircus, has been nominated for a prestigious award on Hackernoon as one of Singapore's most innovative startups! 🌟

This isn't just a win for Xircus, but a testament to the potential and innovation within our InnMind community. Let's rally behind them and show the world the power of our collective spirit!

🗳️ Vote for Xircus and let's lift one of our own to the top! Every vote counts and showcases the unity and support within our community.

Remember, today it's them, tomorrow it could be any one of us. Let's set a precedent of community backing and make our mark!

👉 Vote for Xircus here!

🦄Web3 Startups and VCs

17 Oct 2023 10:53

“Zombie Gensler” 🧟‍♂️

DAO Envelop introduced a limited NFT collection for Halloween “Zombie Gensler” 👇

Storyline: On a 🎃 Halloween night 2023, SEC Chairman Gary Gensler suffered a horrific transformation. He had a dream that he had become a zombie, a symbol of the cryptocurrency nightmares that regulators are terrorizing the #crypto market with.

Among the maze of graves, Gary stretched out his hand toward a flying bat, hoping for a ticket to escape the regulatory maze. This bat was the herald of #Web3, carrying tickets to the future of cryptocurrencies and decentralization.

Explore on Opensea and have fun!

🦄Web3 Startups and VCs

13 Oct 2023 14:00

We're kicking off in just 2 minutes! 🚀 Will #TON blockchain be the next big sensation in #Web3? Let's dive in and explore together!

🎙Join us in InnMind's X Space TODAY, Oct 13th, 2PM CET! 👉 https://x.com/i/spaces/1djGXNgQEWzxZ

🦄Web3 Startups and VCs

12 Oct 2023 09:00

Token Vesting Deep Dive 🚀

Continuing our series on #tokenomics, we spotlight a fresh piece by Lauren Stephanian, Partner at Pantera Capital. She breaks down the art of token vesting in collaboration with industry giants like Pantera Capital, Goodwin Procter LLP, Arca, and Delphi Digital

🔑 Key Insights for Founders:

🔍 Lockups: Typically, 15% of total token supply is reserved for early backers. With tokens being more liquid than traditional equity, lockup periods vary widely.

📈 Vesting Trends: 70% of token vesting is trigger-based, with most starting post-token generation.

🔄 Market Cycles: From the SAFT framework in 2017 to token rights agreements in 2021, the landscape is ever-evolving.

📊 Optimal Vesting: Linear vesting is king. It curbs token price dips and volatility.

⚖️ Regulations: US laws play a role. Rule 144 safe harbor is a key consideration.

The Bottom Line: Token vesting isn't just about distribution. It's strategy. Stay tuned to get more insights from the top experts in this niche (and don't forget to share this post with your teammates!).

🔗 Check out the full study

🦄Web3 Startups and VCs

11 Oct 2023 08:20

#TON blockchain is gaining momentum. Will it be the next big thing in #Web3? Let's find out together!

🎙Join InnMind's X Space to explore the booming TON Ecosystem and its startups this Friday, Oct 13th, 2PM CET! 👉 https://x.com/i/spaces/1djGXNgQEWzxZ

Tune in to @innmindcom on x/twitter and set a reminder via the above link!

Participating Speakers:

👤 Mark Okhman - Developer Relations Manager at TON Foundation

👤 Katerina Bahajati - Community Lead at TON Society Europe

👤 Valeriy Bukharkov - CBDO at Tonstarter

👤 Vadim Kostomarov-Sterlin - Co Founder of Fanton Fantasy Football

👤 Mark Korshakov - Co Founder of 8XR

👤 Artem Gribanov - Co Founder of Evaa Protocol

👤 Riccardo Pagano - PM at Outlier Ventures

👤 369 Capital SA & Autonomy.Capital

👤 Moderator: Abdul Rahman, VC Analyst at InnMind

See you there! 👋