Alliance 🛠️ Ideas to Build in Crypto (Request for Startups)

foreign [Music] welcome to alliances request for startups proposals we specifically ciao put a lot of work into making this list because we have data from probably like five to ten thousand applications that have come into the alliance accelerator program and we tend to see some of the data points that could dictate where the future is going to go and So based on that data we've created a specialized list just for you so that as you're thinking about building your project within the global hackathon you're able to get inspired from the list that we're going to share with you and for the winners that get the number one spot for our Bounty which is the five thousand five five thousand dollar reward you're also going to get a an interview by chow and myself so ciao let's talk about what excites us um what's up first idea that you're most excited about I mean at a high level we want to see really weird things really crypto native things uh specifically on the consumer application side of things uh one of the ideas that haven't been done before and that are uniquely enabled by crypto it's okay if the idea is too early there are many great ideas that have been proven to be too early before but what really excites us is things that hadn't been done before so give you a very quick example I think that in the ZK space zero knowledge proofs are at a point where they're mature enough from a tooling point of view that they can actually enable new consumer applications and that consumer developers are able to build interesting things a couple of years ago zero Notch proofs were a little bit too early for Consumer developers but today we really want to see interesting applications one example is pseudonymous social networks so the idea there is to use the knowledge proofs to prove that you are part of a certain group or you have certain credentials without revealing those credentials and you can participate in the gossip in a gossip Network right talking about things as a uh in on so those are that's an example of something we want to see at a high level another great example is you know on Tinder you put your education level your net worth and other key features about the user and some people may not want to feel like they have to share that publicly and you could think of you know you know pseudonymous social networks where you can share this Key properties of yourself without revealing the actual uh data behind it uh a related idea in the consumer application space is payment we think that in the first probably 13 14 years of crypto payment was a little bit too early because there wasn't a critical mass of users who hold crypto but today we're at a point where there is a critical mass and so the idea here is to build applications for consumers or tooling for businesses that enable payment uh using crypto rails but the key point is we don't want to see projects that try to compete with vemo or revolute or cash app like those traditional incumbent web 2 payment applications we want to see applications that serve a uniquely underserved user segment in the world a segment that is underserved by Fiat payment rails so to give you an example it could be you know users or businesses in the Cannabis industry right so stuff like that like really weird things things that are uh either weird or sometimes potentially even outrageous uh controversial this is the kind of stuff that we're excited about another area is the creator economy and fan engagement area with the rise of friend Tech and song.xyz you're starting to see more or less some penetration in the types of consumer apps that can be billed for this genre and so some of the things that I'd love to see is more applications for the super fans where um you know artists and musicians can better monetize that one percent of super fans a great example is uh you know fans purchasing ten thousand dollars uh uh tickets for listen to Taylor Swift at a live concert and so there is an opportunity to monetize that area another example is royalty from your from derivative works so an example of this is you know you could enable a whole class of remixes on music that could then be monetized if those remixes become successful where part of that royalty then goes to the musician that came up with the original song and the last thing is Revenue sharing uh which is uh you could think of you know Dows as like labels that Acquire music and the music then that gets distributed or licensed can earn a feed that can go to the Dow and so these are some of the things that I'm excited about when it comes to Creator economy Advanced engagement it brought our theme across uh Creator engagement uh is uh the idea of hyper financialization so we want to see consumer applications that are hyper financialized uh if you look at all the most interesting uh crypto consumer applications that we've seen so far they're all about speculation they're all highly speculative um be it tokenizing individuals you know or tokenizing pfps tokenizing music of you know famous musicians these are the things that users really want and care about you know ultimately they care about making money um for me personally if you think about crypto there's really two things that crypto are fundamentally interesting about and they're really at the barbell like they're two of the two extremes of a barbell one is uh hardcore decentralization anti-establishment you know destroying the central bank and all that stuff and at the The Other Extreme of the barbell is speculation is the Shook Ones is um you know sniping at New Years to 20s that kind of stuff um so we we're really interested at both extremes of the barbell obviously on the hardcore decentralization part there aren't that many Founders and it's obviously risky to build that kind of stuff but on the other side of barbell there is a lot of Founders building that and there is not that much risk uh we want to see more experimentation in that uh hyper financialization slash speculation part of the barbell another area that I'm really excited about when it comes to hyper decentralization is proof of physical work um we've started to see helium uh and others that have started to kind of build the core infrastructure of what a successful proof of physical work product can look like and some of the areas that we think could be the future could be renewable energy it can be um you know like from power sources like wind and uh solar it could be batteries um it could be telecommunication it could be many many different areas that could ultimately take the the the the community of people that are all individual operators that can contribute to a much broader Network that can enable a new product or offering that wouldn't be available today and that's all by using decentralization and then a power of incentives is a way to align the community around a product or an idea so in the proof of physical workspace um it often requires uh domain expertise in two seemingly very unrelated uh domains so crypto is one and the other one is the domain specific so it could be telecommunication it could be climate it could be science right decides and another really interesting example um so we really encourage everyone who come from these uh non-crypto related domains to experiment with proof of physical work um because uh the crypto stuff we can help you with it um and uh so that's proof of physical work but again that touches on the hyper financialization uh part of crypto So speaking of hyper financialization obviously there's defy uh Imran what are you excited about in D5 so what I'm excited about D5 is um two things one on the traditional D5 side there is startups like ajna that is using requests for quote system that enables no uh it enables two parties from the borrowing land sign to be able to come in and fulfill an order from both sides without any protocol integration so this enables like uh seamless decentralization and then two no uh counterparty risk as an example number two is um I'm excited a lot about uh nft uh and the perps or nft5 and so that is there are Perpetual markets that could be created around nfts and the lending and amm side as well an example of this is uh with blend you're seeing the RFQ system being used as a way for two parties to be able to enter into a transaction um and we think that this is great for Tailwind assets but there are opportunities to build something that's much more um scalable in a way that can offer better rates uh number two is uh on the perp side we've seen an ft perps.com that recently launched but then shut down uh and so I do think there's an opportunity for nft perps uh that's scalable and that could solve the Oracle pricing issue in a way that could help uh grow the Perpetual markets for nfts as well a big part of D5 I'm personally very excited about is privacy uh we've been talking about privacy for 14 years but unfortunately we still don't have truly private D5 and obviously as a D5 user myself I fully appreciate how important that is I want to be able to send transactions to swap tokens in a way that my address is my amount and the name of the token is not revealed to the rest of the world uh I don't know how it should be done maybe it's as uh as an L2 maybe it's as a privacy Centric wallet maybe it's something else we don't know yet but we'd love to see more experiments on the on the Privacy device side of things great and uh I know you're really excited about the AI and crypto crossover so maybe if you want to talk a bit about that yeah so uh one of the one of the most obvious applications of crypto in AI is actually uh content authentication right yeah so in a world of AI there's a huge growth in terms of deep fakes fake content one of the ways to solve this problem is to is for the creator of that content to sign a message on chain and separately publish their addresses on the social media for example in a way that people can verify the signatures so this is one of the most obvious uh ways in which crypto can be helpful for for AI another interesting area to explore is to use crypto incentives to bootstrap physical networks of GPU so right now we're we're in a massive shortage of gpus due to recent rise of llms and the subsequent uh demand for the gpus so again this goes back to the previous conversation around proof of physical work and Hyper financialization the idea is to use incentives to bootstraps such a compute Network so AI I mean it's going to be really big in the coming years and there there should be a ton of opportunities at the intersection of the two the the next idea I'm most excited about is habit formation forming apps uh we started to see this with Steppin uh where people were incentivized to walk and as they as as so they could either walk or run and they would earn rewards in the form of tokens and just created a positive feedback loop because those that were that may not be able to walk or run without any real incentives will not do it and with the power of the token um many of the people that wouldn't have walked or ran are not doing that because habits take typically 18 to let's say 45 days to form and uh we've seen a percentage of of people that use a step an app that turned out to be long-term users at the app in fact even over the course of the past two years of the launch of the Steppin app there's still 200 000 monthly active users on the step and ecosystem and that shows that the stepan has a a product Market fit that no other app has from the bear Market side so related to this health happy formation we'd love to see more experiments in DSi so decentralized science the idea is that one of the key challenges that science or the scientific Community has faced so far is the lack of funding um and obviously crypto is uh uh uh one of the most effective tools at Capital formation so again it goes back to the idea the whole idea of hyper financialization the idea is to harness The Design Energy of crypto users and help uh with uh Capital formation for scientific products obviously these words sound very abstract and that's because we don't know how it's going to look like exactly but we'll have to see more experiments at the intersection of crypto in science and this also touches on the uh the idea of proof of physical work so one possible example is um use token incentives to incentivize users to bootstrap critical and large data sets for scientific research so think of for example a decentralized 23andMe basically where users contribute their DNA data in exchange for tokens so to summarize uh there are two interesting interesting things at the intersection of Krypton science one is capital formation and the second one is proof of physical work and specifically in bootstrapping new data sets for science research great and maybe my final idea and there's many more ideas uh on our ideas page but the final idea I'll go over is consumer applications uh with the rise of front Tech which enabled this really weird application that enables you to purchase a key or share of someone that gave you direct access to this individual is a key way to think about how to build in a social media space with crypto rails you don't want to build something that looks and feels like an app that you use today like Twitter or Facebook but it should enable something new using you know the using crypto and and financialization and so we'd like to see more applications being built around the consumer use cases because uh we believe that the infrastructure is ready for you know Mass adoption at least for the next hundred to million users in the in the next six to months six months a year my final idea is uh for those who are building uh on the infra side of things so we've talked a lot about applications but for those who are building infrared there are three things we'd like to see one is a wallet infrastructure obviously this has been uh talked about a lot but we still haven't really experienced a an awesome onboarding experience or transaction signature experience with mobile wallets or mobile applications so you want to see more of that um for for Wallace so a wallet infrastructure that facilitates or makes the whole onboarding and signature experience a lot smoother so that's one thing second thing is uh some kind of Crossroad Bridge so we're obviously in a world where there's going to be hundreds if not thousands of uh Roll-Ups on top of ethereum and we have to figure out what is the most Capital efficient way to bridge between the various Roll-Ups and perhaps the best Bridge hasn't been born yet so you want to see more experiments with cross World up Bridges specifically and the third one is uh specialized ZK compute Networks so you can think of for example ZK Roll-Ups as generic computer networks using zero large proofs but there are many applications that don't need a a generic uh compute because they're they kind of compute behind those applications are very unique to that applications and as a result the kind of their knowledge proves that are required to run those applications are more specialized and therefore they could be potentially smaller than those generic zoonot proofs smaller and more efficient and cheaper so I would love to see more specialized zero knowledge proof compute networks an example for is is uh zero Notch proof computer network for AI so AI requires a specific type of compute many of which is actually just Matrix multiplications and so the proof for matrix multiplication is very different from the proof for a generic set of computes so that that that that is my final idea well thanks for listening and uh if you want to reach out to us for more feedback you could uh visit us at the booth or find us on Discord but look forward to working with you all