Last saturday we went to watch the second demo day and pitching of the projects participated in the first Æternity Ventures Starfleet Incubator.
Æternity is a blockchain 3.0
Æternity Blockchain is a new blockchain technology platform for scalable smart contracts founded by Yanislav Malahov also known as the “Godfather of Ethereum”. They are offering very tempting and long way needed new features in the blockchain for security and scalability of the decentralized applications, such as built-in decentralized oracles allowing world data to flow into the blockchain, state channels and turing-complete smart contracts.
Also it is worth to mention the Æternity blockchain is incorporating the Bitcoin NG protocol — a next generation blockchain protocol designed to scale, and the Cuckoo Cycle Proof-of-Work (POW) algorithm which is a memory-intensive mining algorithm that improves mining decentralization.
They are launching their Mainnet soon, so stay tuned for their great project.
Æternity Starfleet — series of incubator and accelerator programs
You may know about the initiative the company started and the first wave of the blockchain incubator which was in Sofia, Bulgaria.
The 10 best teams from all over the world were pitching their projects:
- Tip me : transparent workers tipping based on blockchain(Berlin,GER)
- AMPnet: blockchain platform for trading electricity (Zagreb,CRO)
- The Noble Company: blockchain based referral system for recruitment(Sofia,BG)
- TraDEXsocial: frictionless way to introduce people to crypto(Sofia,BG)
- UTU: trust infrastructure for the sharing economy(Nairobi, Kenya)
- RideSafe: micro-insurance platform for motorcycle riders (Nairobi,Kenya)
- YAIR Berlin: platform for trading and experiencing art (Berlin,Germany)
- Data2Honey : decentralised IOT data marketplace(Ljubljana,SLO)
- Tribe Creation Platform: decentralized music crowdfunding platform (Vienna, Austria)
- Bee Smart Technologies: blockchain based pollination marketplace (Sofia, BG)
All of those projects were great, but it was clear that some of them stood out in front of the others.
Some of them got our attention as well with their brilliant and innovative ideas.
Æternity Team gave a few minutes talk with some update on the aeternity blockchain development, which was great.
We also met with Karoline von Tschurtschenthaler — Managing Director of DSTOQ and discussed some interesting topics. Also we got ourselves a priority card for their MVP so we can test it out.
For those of you who doesn’t know about DSTOQ — they are regulated securities exchange where you can invest real-world assets using crypto. You can learn more at their website.
The winners
Time for great news!! Congratulations to team @UTU_trust for securing a funding of $200 000 from us!! Not just that but our partner network will also invest additional $50 000!!! Congrats guys!!! We can’t wait to see you evolve 👌🤘 pic.twitter.com/TBtQGmy18D
— æternity Ventures () July 14, 2018
It is not a final if we don’t include team Croatia🤘🇭🇷Congrats are in line also for team AMPNet!! They will receive $100 000 funding to get their project running!! #blockchaintechnology #blockchain #startup #aeternitystarfleet pic.twitter.com/HG2V8U2Nkl
— æternity Ventures (
And the rest of the projects (7) received a pool of a 1 000 000 $, funds which will be split among all of them.
Was a great day, great event and great initiative!
Originally posted at hack - Blockchain & DLT Development and Consulting