Most early-stage projects are building in darkness.
But these projects yield the best alpha and growth potential.
Here are 5 projects that recently raised funds.
🧵👇
TLDR;
1️⃣ Lagrange Labs (@lagrangedev)
2️⃣ Azteco (@Azteco_)
3️⃣ Airstack (@airstack_xyz)
4️⃣ Story Protocol (@StoryProtocol)
5️⃣ Hourglass (@hourglasshq)
1️⃣ Lagrange Labs (@lagrangedev)
Raise: $4M Pre-seed
Lead Investor: 1kx
Other notable investors: Maven11, Lattice Fund, CMT Digital, Daedalus Angels.
Narrative: ZK
twitter.com/lagrangedev/status/1659208478412648450?s=20
Problems Tackled:
Bridges/Messaging protocols have limited cross-chain compatibility, often being a 1-to-1 relationship
State proofs are often shared only across 2 chains.
Solution:
• Allows different chains to share info with a single chain (n-to-1 chain relationship)
• Useful for calculating average price of asset across multiple DEXes on multiple chains
• EVM compatible, but planning to expand to Solana, Sui, Aptos & Cosmos.
2️⃣ Azteco (@Azteco_)
Raise: $6M Seed
Lead Investor: Jack Dorsey
Other notable investors: Lightning Ventures, Hivemind Ventures, Ride Wave Ventures, Aleka Capital, Visary Capital.
Narrative: Adoption
twitter.com/Azteco_/status/1659169044652605440?s=20
TLDR of Azteco
• Lets users buy, sell, and store BTC on a mobile app.
• Designed to be user-friendly and accessible to people with limited financial literacy.
• BTC Voucher system allows users to buy BTC in small denominations without needing KYC
Their giftcards are also available for purchase on G2A:
Azteco BTC's can be redeemed in physical stores, enabling consumers in predominantly cash-based communities (Latin America, Africa) to access crypto.
They take a cut of each transaction.
3️⃣ Airstack (@airstack_xyz)
Raise: $7M Pre-seed+ (2nd half)
Lead Investor: Superscrypt
Other notable investors: NGC Ventures, Hashed Emergent, UOB Venture, WWVentures, Signum Capital, Perridon Ventures, Kyber Ventures
Narrative: AI/Infra
TLDR of Airstack:
• Access to data on DeFi and other dApps, allowing devs to use on-chain and cross-chain data across multiple blockchains
• AI program interfaces to process and combine information from cross-application data and cross-chain.
• It can access data from Web3 platforms and dApps, including ENS Domains, Lens Protocol, Farcaster, and almost every project on mainnet & polygon.
• Airstack is currently free.
4️⃣ Dolomite (@Dolomite_io)
Raise: $2.5M Seed
Lead Investor: Draper Goren Holm and NGC
Other notable investors: Coinbase Ventures, WWVentures, RR2 Capital, 6th Man Ventures (6MV) Token Metrics Ventures, @Slappjakke and more
Narrative: Perp DEX
twitter.com/Dolomite_io/status/1657088151503126529?s=20
TLDR of Dolomite:
• Perp DEX offering Margin trading, lending and various DeFi strategies
• High composability allowing for strategies like hedging/shorting IL, delta neutral farming, etc.
If you'd like to find out more about Dolomite, @Slappjakke did a great overview of the protocol which you can read here:
twitter.com/Slappjakke/status/1639291732503453696?s=20
5️⃣ Hourglass (@hourglasshq)
Raise: $4.2M Seed
Lead Investor: Electric Capital
Other notable investors: Coinbase Ventures, Circle Ventures, Tribe Capital, hackVC and other angel investors.
Narrative: Time-bound tokens
twitter.com/hourglasshq/status/1658502424691359745?s=20
TLDR:
• Allows trading of Time-Bound Tokens (TBTs).
• TBTs are semi-fungible tokens that represent staked assets in DeFi protocols.
• Hourglass provides liquidity for TBTs.
• Hourglass' launch partners include Lido, Frax, and Convex.
This thread by @hourglasshq explains TBTs:
twitter.com/hourglasshq/status/1658502427023396864?s=20
Note: I am NOT sponsored by any of the projects listed above.
Surf
@0xsurferboy
Analyst | Deep Dive Threadooor Covering Untapped and Overlooked Projects and Narratives Twitter 👇