Web 3 Incubation in Emerging Markets - TOKEN2049 Singapore 2022

thanks everybody for having me today thanks um Singapore um so today uh my subjects will be around uh weather incubation especially in Emerging Markets um excuse me yeah that's it so um I guess first of all let's get back through time since 2008 uh blockchain and crypto is changing our global economy both on the technology wise and with this ideology also which are permissionlessness transparency and freedom and all those is allowing us to access to more benefits with this technology and we are trying to gain more new opportunities as an individual and both as institutions but before we are grasping we are embracing those benefits we need to collect information each one of us need to acquire more knowledge and we need to input each one of us our resources into it which means we need to input time and determination to do so but no one is born equal since actually we do not all have the same information channels and we do not benefit from the same learning tools and we shouldn't have say limit ourselves to our own resources because they probably are not that relevant uh depending on what we want to do so all of those are costing us time and determination sometimes we're missing opportunities because of lack lack of information lack of channels lack of you know knowledge so we've come to question you know what is being as a incubation incubator as an institution what can we do to you know make all those um opportunities become a reality how to make those ideologies really apply to what we want to do every day um I guess this is a question that all investor incubator corporate manager or startup founder should question ourselves and Cocoon Labs surely has become has come with its own answer which is that we should stick together and evolve together and this is because this is a still very freshly established uh industry and we want to transform it as we want it to be and this is one of the main reasons of this existence of cocoon labs so what cookware Labs is uh some of you might already know well we are the research incubation and investment um of cool coin we are mostly operating on the primary markets some of you might know cooking as a one of the most I'd say top Global crypto exchanges especially good at finding the best altcoins but today we are we are on the primary Market setup and since 2018 actually cooking has already engaged itself to the primary market and after several years of observation experience Etc we have gathered our top experts to form cuckoo in labs uh so ever since second quarter of 2021 we are releasing reports research reports monthly and we are trying to contribute financially to our portfolio company as well as our expertise and resources so uh ever since uh second quarter 2021 we have invested in more than 40 Projects uh in verticals that you can see such as defy Dows meta versus GameFly infrastructure um a lot of them and by the end of 2021 we actually have launched our 100 million meters found which are allowing us to find the next projects that are building that are defining the next uh tangible web3 ecosystem and this year we are we have more time and energy to focus in incubation in bringing you know our strategical advisory to our portfolio company in terms of product Market fee in terms of network resources etc etc but here something is intriguing you know as a incubator is uh we have to question ourselves what is being a good incubator what is being a good incubator and investor right so for us the definition is simple we need to first of all have a deep understanding of Entrepreneurship second we have to be rational enough we have to be a scientist because this is a still very techy industry rate and at last we need to be inspired that forces and shares you know all the insights we are having today uh the new possibilities that blockchain and crypto is bringing to every one of us so this all of those requires a deep understanding of the fundamentals of the ideologies that we just mentioned like the young so Freedom transparency and permissionlessness and if we do not then we couldn't you know advise those projects to be become a greater I'd say with three projects and those ideologies practically concerns everyone so for cooking Labs who we want to concern so first of all those are uh it comes with graduates and post-graduate students who are just you know into crypto enthusiastic and they probably already know a lot about crypto assets they're trading but they need access to more information to more opportunity professional wise to build to engage themselves to participate in this whole structure secondly is web2 entrepreneurs who are seeking on you know turning their business model into web 3. third is about crypto native developers who are probably already contributing to their own community and at last we have a lot of where three serial entrepreneurs who you know are ready to go you know today or tomorrow on their next directions so we are sharing our uh our insights and our networks daily to those uh participants here's some examples so first of all for graduates and postgraduate students we're actually already collaborating with a lot of work now universities and schools mostly on institutional wise with research and expert experiments and secondly with student associations creating workshops mentorship and case studies with creating events with them and the main aim is to really open the Home Market to them get them access letting them know who is doing what and how can they participate later on an example here that I just put on Logo is Dolphin University we're actually helping cryptosphere dolphin Association to uh to form a a round table later this uh November in Paris so uh they are a branch of cryptosphere which is a Student Association Network dedicated to uh blockchain they have uh 500 Plus members across very prestigious schools which is uh Essex which is uh em Leon which is Dolphin Etc so uh the Round Table in November I would ask you probably if you are traveling by Paris you should probably go so second thing is about a website entrepreneur so the main um Jose aim for a web 3 web 2 entrepreneurs to come to web3 generally is a business model transformation and they already know what is being you know an entrepreneur and they know how to do business but what they would be lacking probably is some you know understanding of the crypto native ideologies and also the crypto opportunities that comes with this technology and this community so our strategic advisory is oriented that way also of course we are inputting network resources to help them form um I'd say a more sustainable uh Network here in this industry the example that I'm giving is new diverse Network so it's a infrastructure too let's say enabling interoperability across Virtual Worlds they are 50 plus developers both special realized in game engine and blockchain who are trying to develop an SDK to allow intercommunication of metaverses they created a proprietary mechanism which is good choose to earn which is let's say inspired by the concept of this decentralized Society so you should probably take a look at it and later this year their focus would be unifying unreal and unity engine together to bring esport to blockchain and of course ultimately to redesign the way human interacts with virtual words oh so with Native developers we actually um probably most of you would ask what we can bring to Native developers they actually know how to code they are deeply participating in you know every engaging communities they are already contributing codes uh knowledge they are probably koms themselves so what they could probably be needing is actually business um a business a sounding business model because some of sometimes they want to create their own business here in crypto but with the own with their own team it's really difficult or they are more there are too much scientists oriented or they are very technical technically experts but they are not that turned into marketing so this is how we are trying to help them with our advisory of course for each and every project that we are we are creating here with them we need to bring them again networks network resources so this is the case for social uh which is the first uncensorable and probationless um open social network they are built on Solana uh they are they have their beta is on Solana test net so um they have three level of subscription depending on the quality and the level of privacy of the user and all their feeds and posts are encrypted uh with uh I'm sorry broadcast encryption or double Trend or double-ended encryption later this year actually they are launching their main net I believe here in September it's sounding why only so you should also check on it so for web series um serial entrepreneurs um I guess there are a lot of them and they did a lot of D5 projects most most of them and um how to say they are not lacking uh businesses they are entrepreneurs themselves they are coders themselves probably and they do know how to run a crypto Community what they could possibly be missing is every time as they create a new concept a new project they will be needing network resources and go to market strategy according to what they're building what's new so here an example is about you know array so you know is device first risk-based insurance and reinsurance protocol they are giving combined coverage to of 10 million I believe under a year of its uh insurance policy sells the app which is called the cover portal so you should probably check at it so they this year they have successfully paid out are two major incidents first is the UST Depot crisis and the second is a smart contract exploit so both incidents are covered are paid out with no impact on their user staked investment Capital so this is a plus so at last I wanted to say why does all those supports matter why do we want to support those especially in Emerging Markets so first of all because crypto is built to lower thresholds right and because more and more talented and hungry developers are among us like even today I believe right and also because opportunities are indeed present even in a bear market and we need to present it to everybody thanks and by the end I would like to introduce a little bit more about cooking our mother Corporation um so you probably already know like cooking is launched in 2017 September we are now having more than two uh sorry 20 million registered users as one of the best outgoing exchanges we are supporting more than 700 projects and more than a thousand and 200 trading Pairs and this year we just had our pre-series B rounds raised uh we have raised over 150 million dollars uh with a total valuation of 10 billion and we're um named by Forbes as one of the best crypto exchanges so here is um a little bit about cooking ecosystem right now so you can see at the center the core is still our trading platform with all the services and tools that we're providing for the users on the earn side we are having more and more um staking pools Cloud Mining and KCs bonus Etc to you know keep those users engaged and keeping them active on our on our platform and by the end where we are cooking labs and the exploration of web3 we have cool coin Labs Ventures on the Investments and research sites uh after that you have our nft marketplaces Wonderland wallets and nfts etc etc and we thank you so much on all our partners and today our listeners and thanks for your support it happens that we are on the fifth anniversary of cooking and thanks for your support [Applause]