Your first look at the newest web3 startup from Alliance DAO.

 During a demo day on Wednesday, the most recent cohort of ALL10 presented their ideas to the crowd. We covered the Alliance DAO demo days in November and July. Qiao Wang, a core contributor at Alliance DAO, said during the event that the current cohort had a record 1,692 applications.

 The latest cohort made for a good snapshot of what is happening in the industry at large, Wang said. Many of the teams are looking at improving popular sub-sectors, like the Bitcoin network, appchains, rollups-as-a-service, zero-knowledge proofs, proof-of-physical-work and real-time blockchain data. He said that there is an increasing opportunity for automated technology to be integrated into thecryptocurrencies. This happened in 2015, and again in 2023, according to Wang.

 Capital and talent are scarce in this part of the cycle. We have learned from working with over 100 startups that you don't need a team of 50 people or hundreds of millions of dollars in funding to achieve great things. A part of Alliance DAO's ALL9 cohort, the three-person company recently raised $3 million in March and is already close to becoming the biggest Solana-based NFT marketplace based on market share..