This was a session on investing in web3 with Vishal Kankani(Multicoin) , Shanav Mehta(Jump), Vani Kola (Kalari) & Shailesh Lakhani (Sequoia) moderated by Akshay. Earning Opportunities: The north star metric for superteam is community GDP, i.e. : A decentralised video streaming service aiming to enable influencers build their own virtual economies. Shardul (Cykura): A DEX that aims to bring efficiency through concentrated liquidity. Being super clear on the consumer value being delivered helps avoid hype. Sino x Alpha Wave BLR meet up was a blast! Im going to use a question from Madhavan, founder of Questbook, to take you through the demo day. Vishal Kankani, Multicoin, said that they dont help out with hiring. Dhrumil (Solvent protocol): Provide instant liquidity to NFT holders by enabling fractionalizing of NFTs & issue tradeable fungible tokens against it. However, only one of them was at the event in capacity as a comic and that was Biswa Kalyan Rath who performed on the second day of the event leaving the young crowd thoroughly entertained. State of the DAO & Updates from the core team: The big announcement here is a million-dollar grant from the Solana foundation to superteam. It was also the largest ever hacker house both in terms of the number of participants and more importantly, the number of submissions on demo day. Heres a quick overview of the last week @ HH : Important to note that none of these sessions happen in parallel, there is a single track so you can of course attend all of them irrespective of whether youre a developer, founder, non-technical, investor, etc. Each Hacker House will give builders a place to work, find collaborators, and learn from some of the greats in the Solana ecosystem. The Bangalore hacker house was one in a series that the Solana foundation & their ecosystem partners have been conducting. Does it work? The business model, polish, and other details need to be worked out before a full-blown launch. This is not a numbers game - a high number of followers on Twitter or discord is NOT community. You could walk in a web2 developer with no blockchain experience and within 5 hours youd have shipped a working prototype. In the gaming space, while projects had working demos most of them were (understandably) yet to build out their core game loops. As of 7 days ago, Jun 1, 2021 COINCU Financial Group Inc. Sheraton Grand Bengaluru Whitefield Is Magic Eden NFT Marketplace Taking Over? Solana Season Global Hackathon with $1M Prize and Funding Pool! Memecoin Samoyedcoin Launches on Solana Blockchain! The next two domains by submissions were gaming & payments. To catalyze and kickstart this process it is crucial for them to get as many developers on board and building as possible. That is to say the more you immerse yourself into it, the more you enjoy it. The sense here was that companies are built over decades, and over-optimizing for early liquidity is almost a red flag. Most of these are available to both members & non-members, in fact completing an earning opportunity is also the only way to enter the DAO. You can find the full list of submissions here, here are my favorite picks out of the ones I saw* : Incento: This allows you to Send, request and save in USD worldwide, instantly for free. 11AM-4PM Raising tokens vs equity: While members were largely agnostic to whether a round was being raised as tokens or equity, they very strongly felt that a token sale should be held off until core product loops are in place. Whale Appears Bought $1.7 Billion ETH Futures Contract In One Hour. Does it match up to the landing page/whitepaper? Email us: [emailprotected]. , here are my favorite picks out of the ones I saw* : : Smart contract-based escrow service to send and receive crypto payments at low fees. : No code tool to create dapps linked to your .eth or .sol domains, : Escrow service for p2p or p2m e-commerce, :a decentralised game aggregator platform that allows game developers, players and fans to develop play, and design games, : An API Service helping any Web 2 game transition to Web3, offered to help projects with shaping their community culture, Partying with frens we shall. Hacker houses are primarily focused on developers who already are or want to build in the Solana ecosystem. All of them are reachable on Twitter, if youre building in web3 & looking to raise, or get a gig in investing, do reach out to them. Regarding the next collaboration, we asked our folks on Twitter on where they thought we would be next and guess what, they got it right. The panel referenced a famous quote, that Illiquidity in venture is a feature, not a bug. Please, Solana is a layer 1 blockchain that was founded in 2017 & shot into prominence over the last 18 months because of its high speed & low fees. Whereas here you have a full spectrum of developers including those writing their first-ever Solana program, with no pressure of having to show something immediately. If we knew better, wed start the company ourselves she said. Having said that, here are two pieces of feedback: Why crypto: There were a few instances where it was unclear why this project was better built out in web3 with crypto incentives as opposed to a traditional web2 app. Larry & Jarry, from the Solana foundation core development team, had come down to help onboard developers to Solana. It will finish up on the 14th, The last submissions to the Great Reddit Scaling Back-Off were submitted with the deadline being the 31st of, Solana Network Upgrades QUIC, Stake-Weight QoS & Fee Markets. 6 days of hacking and mentoring, 600 builders, 78 teams presenting on Demo Day. Product > Illustrations: A lot of projects had used illustrations, Yashs feedback was to use screengrabs of the actual product to help people visualize early on what exactly theyd be using. That is to say the more you immerse yourself into it, the more you enjoy it. We are organized as a co-operative of creatives, operators, and investors who are experienced in launching and growing technology businesses. Address: Road Town, Tortola, British Virgin Islands. The next domain was what Id broadly classify as web3 infra, this included no-code solutions for building dapps, APIs for querying the blockchain, escrow solutions & a decentralized video streaming service. Shanav, Jump, said that just because they have an engineering team, projects often assume that they freelance that team out to portfolio cos - they dont. Chase fixes this. A lot of these projects often start building before the hacker house but use the environment and support as a boost to get over the line. If youre interested you can find the full, We help the most promising projects in the. The community call is a weekly ritual where we catch up on the state of the DAO, heres the agenda: Wins of the week: Celebrate contributions made by our members to the Solana ecosystem. So, what is a hacker house? Bitcoin Will Reach $500,000 In The Next 5 Years. This site requires JavaScript to run correctly. We take a look at how awesome the Solana Blockchain is and cannot wait until this technology truly disrupts incumbent industries ! Web3Auth offered office hours which were attended by different participants. Additionally, crypto becoming a source of net inflow to the country instead of just gambling will help shape positive regulation. For your security, we need to re-authenticate you. This number currently stands at ~400k USD. This number currently stands at ~400k USD.

Here are a few key highlights from the session. It is important to understand why this is important. : Self-serve tool to create an index (combine or fractionalize) any fungible and non-fungible tokens. I think around half the submissions fell in this category. Drop a if you want to meet up & grab some swag, concluded a side event today for all the devs stranded out in the Solana HH in, . This was a design feedback session by Yash. Employee compensation: The power of tokens in converting all contributors into investors & providing early liquidity. Reversing the trend of starting in India and incorporating abroad - The panel felt that given the depth of engineering talent in India, it would always make sense for projects to hire and have a presence here. It materially helps you connect with like-minded folks. Incredible energy and a lot of follow up conversations to take! From talking about web3 design on Zoom with 5-7 people to 200+ people live at the Solana Hacker House. Shyft: CRUD APIs for frictionless NFT integrations. was truly an unforgettable experience I think its fair to say that. Now that we have a high-level view of the week, lets take a closer look at some of the sessions. OpenDAO: Allow open source developers to convert their repositories to DAOs in one click and create alternate economies using project native tokens. Lido Finance Will Sell Tokens Worth $29 Million, Causing A 20% Drop In LDO. Liquidators Outraged By Silence From 3ACs Su Zhu And Kyle Davies, Marathon Digital Still Running During Crypto Winter.

Having seen 50 years of venture experience they bring a lot of experience to the table. In the post, Im going to give you a tour of the Bangalore Solana hacker house that happened last week. Programmable blockchains like Solana, Polygon, and Ethereum are all striving to build a base layer on top of which the next generation of internet apps will be built. Dra.gd: No code tool to create dapps linked to your .eth or .sol domains, Chain Commerce: Escrow service for p2p or p2m e-commerce, Cricinshots: collectible cricket card strategy game, Solgames:a decentralised game aggregator platform that allows game developers, players and fans to develop play, and design games, NFT Gaming Machine: An API Service helping any Web 2 game transition to Web3. This is also why at their recent flagship conference in November 2021, the first metric presented was the number of developers. Celsius Starts Restructuring And Gets The Green Light For A Bitcoin Mining Facility. Fresh from participating at two major blockchain events, first at the Paris Blockchain Week and later at ETHAmsterdam, team Web3Auth was present in full force at the Bengaluru Hacker House. Solana is a layer 1 blockchain that was founded in 2017 & shot into prominence over the last 18 months because of its high speed & low fees. Token Alchemist: Self-serve tool to create an index (combine or fractionalize) any fungible and non-fungible tokens. Disclaimer: Not financial advice. This is an interesting question, given the spectrum of web3 skills that builders enter the hacker house have - it is natural to see a wide spectrum in the submitted projects. You can read the full post. GTM Plan: Some projects felt like, while they would happen eventually, it would need mass adoption and acceptance of crypto first. Hackathons can often be fully remote & the primary focus is on building products that could become live working projects. : Allow open source developers to convert their repositories to DAOs in one click and create alternate economies using project native tokens. today! They conducted a couple of workshops to help devs understand how they can use this and deploy their DAPPs. , a joint accelerator between FTX ventures and Superteam. Im going to preface this by saying that everyone builds based on their personal goals for the event. Shek & Dhrumil spoke about the importance of getting tokenomics right. Theres something for everyone. We are organized as a co-operative of creatives, operators, and investors who are experienced in launching and growing technology businesses. . Web3Auth is building auth infra to make onboarding users to web3 seamless. This is probably the best way for people new to web3/Solana to get started, Beta Ready: These are projects where a core product loop is in place and ready for private beta. What happened as a result? For new teams with no gaming experience - this might be a quicker way to get traction for a product.

Additionally, Chase who leads developer relations took a session on finding work in web3. It was fun meeting young kids who are building on blockchain and contributing to web3. Personally, the most interesting question was, what is the one thing you do & dont help your portfolio companies with.

Projects submitted ranged from P2E games, NFT marketplaces, web3 freelancing tools, etc. The NFT space saw the most number of projects submitted. Go from zero to shipped on @solana in under 5 hours tomorrow Being on stage for the first time was unreal : A platform to rent utility NFTs and split the earnings-generating income for owners & access for renters. It is also worth noting that these events provide a lot more support to participants than. Solana Wormhole Ethereum Bridge Hackathon Update, How Solana Can Help the Reddit Cryptocurrency Scale. The parting note for anyone who is very new to web3 - become a user instead of being an investor. All the founders agreed that you should delay this until you have a strong product, community & business. withdraw to your bank account whenever you need too. Hackathons are a great place to start projects and find co-founders, Shardul mentioned thats actually how Cyclos (now Cykura) started and he found his co-founder at a hackathon. Heres a blurb from the Solana website.

This table is my view of what I think youre most likely to enjoy based on your skill set and current web3 depth. $163 Million Reasons Why Solanas Raydium is Killing it! Some alpha on projects to checkout -, (enabling UPI transactions@ 0% fees via blockchain), Earning Opportunities: The north star metric for superteam is community GDP, i.e. Then there was a viral social media frenzy, A global hackathon with $1 million in prizes and seed funding. This means that anyone who can build DAPPs on Ethereum can now seamlessly deploy them on Solana & benefit from its speed and low gas fees. moderated by Neil Shroff from FTX Superteam , a joint accelerator between FTX ventures and Superteam. Checkout Solana resources & learn the basics, Find a project you like, check their Github, and start fixing open issues (Proof of work > Credentials), Build a side project, anything fun you care about, Tweet about 2 & 3, slide into DMs with proof of work. The payments category saw a few interesting projects around sending/receiving payments for freelancers & on/off ramps. We are at @hackerhouses! , Gm BLR We help the most promising projects in the Solana ecosystem in the ascending world (India, South East Asia, Eastern Europe, and Africa) launch and grow. They started off with an introduction to building on Solana, the account model & the overall architecture. The Bangalore hacker house was one in a series that the Solana foundation & their ecosystem partners have been conducting across the globe. The participants mostly included enterprising college going folks between the age 1721. Without developers building stuff, all we have is memes. This will be deployed over the course of the next year to help onboard the next set of, Working group updates: A powerful feature of superteam is that members can form liquid working groups to complete projects for sponsors or of their own. Hackathons can often be fully remote & the primary focus is on building products that could become live working projects. If you just wanted to get started and ship something that works - thats awesome. Youll have all the essentials: good WiFi, food, power, and (of course) swag.

Marinade Finance Introduces DAO Governance and NFT, Bonfidas Solana Naming Service Launches .SOL Domains. who leads developer relations took a session on finding work in web3. to learn more about superteam. What challenges do you face while getting onboard? This weekly recap on Solana Eco is for informational purposes, not investment advice. Here are the, This was a session on investing in web3 with. . You can read the full post here to learn more about superteam. . Simple auth infra for Web3 apps and wallets, The Year of the Graph Newsletter: June 2018, Looking Back Into MessageQueue, Looper and Handler Internal, Focused Inbox Disappeared from Microsoft Outlook for Mac, StarkWare and Web3Auth collaborate to eliminate seed phrases for StarkNet wallets & dApps, How ZED Run provided over 212k in Gas Savings & Thousands of Cross-Chain Transfers with Biconomy, Holaplex Taps Notifi to Deliver NFT Bid Action Directly to Users SMS and Email. Web2: A couple of projects, especially games, had started by building core games first and are now exploring which blockchain to integrate. We caught hold of 14-year old X to find out why he was at the Hacker House (and not in school). Working group updates: A powerful feature of superteam is that members can form liquid working groups to complete projects for sponsors or of their own. Concise Labs: API infra for efficiently querying Solana.

Superteam was recently featured in the Syllabus, a newsletter by Decentraliens - a learning DAO. They are on a mission to liberate consumers from seed phrases; by using multi-factor keys they are able to provide the best of both worlds: self-custody & seamless UX.

The aim of this decentralised naming service,, Just a week ago the $SAMO coin was launched ! One thing you learn very quickly in crypto is that remote-first is the default. This is not a numbers game - a high number of followers on Twitter or discord is NOT community. Web3Auth on StageOur Sr Software Engineers Shubham Rathi and Himanshu Chawla presented practical and valuable insights on how the young developers in the audience can leverage Web3Auths SDKs to increase conversion rate one their dApps. Now, if youve read this far and feel like hacker houses are only for developers - hold on fren. You want people who are using the product, engaging with. Can't wait already for the next HH in India , Now, if youve read this far and feel like hacker houses are only for developers - hold on fren. Stream Money: A platform to rent utility NFTs and split the earnings-generating income for owners & access for renters. 3/ what are builders getting right, what are they getting wrong? total members earnings through opportunities unlocked by the DAO. I think its fair to say that everybody gets a different hacker house experience depending on your skillset & level of ecosystem involvement going in. The SuperTeam DAOs main role is to help grow the Solana ecosystem in India, South East Asia, Eastern Europe, and Africa. Neil pointed out that there is no equivalent for this in web2, this is new territory for everyone. (Worth noting that the DAO has no take rate here) . Shailesh, Sequoia, said that theyre like that one friend whos watched a lot of movies. Apps that can do this while abstracting out the complexity of web3 will win. Nearly everyone who demoed had at least a working product, even if it was in a local environment. You can watch the recording of the community call here.

Superteam was recently featured in the Syllabus, a newsletter by Decentraliens - a learning DAO. Twitter Defeats Elon Musk In The Opening Round As The Judge Has Scheduled A Trial For October. A lot of previously unheard crypto jokes found presence in his set for the Hacker House. Solana has a new official link to get the latest status updates for the three major improvements that, Solana Hacker Houses are the epicenters of innovation for the Solana Ecosystem. The folks at Buildspace conducted a hands-on workshop to get you started with building on Solana. ): One of the first IDO platforms & product launchpads on Solana. This is not a bad thing but it would help to articulate how you plan to kick off adoption. Whereas here you have a full spectrum of developers including those writing their first-ever Solana program, with no pressure of having to show something immediately. While some of them were NFT collections, many were utilities and services for NFTs - projects that allowed fractionalizing, renting, ticketing, infra, real-world drops, etc. What does it do? ): A DEX that aims to bring efficiency through concentrated liquidity. In theory, any developer can read the Solana docs and permissionlessly use the blockchain to start building, but the unknowns & psychological barriers are too high for many. Click the link we sent to , or click here to sign in. 2/ How'd you rate degree of innovation? Since then, theres been a rapidly growing ecosystem of projects across applications that have chosen to build or migrate to Solana. Bengaluru, the Silicon Valley of India was indeed to become our second destination for the global tour. Earlier this year we made a special announcement about co-organizing 4 global Hacker Houses with Solana. These Solana Hacker Houses are spawning, Join Solana leaders, builders, and innovators in Lisbon, Portugal November 7 -10th 2021 Solana have announced their, On the 22nd June 2021, Bonfida launched the Solana Naming Service! If youre interested you can find the full agenda here. It is also irreversible. All in all, the Bengaluru Hacker House was one of the most successful Hacker Houses conducted till date and were already looking forward to the next time we will be in India. Tanmay, one of Indias most well-known digital content creators, offered a very insightful presentation on how to make good content?, Many Applications Integrated with Web3Auth. ): A decentralized publishing stack built on Solana & Arweave. Also, I missed a few demos so might be worth going through the full sheet anyway. Trustified Network: Smart contract-based escrow service to send and receive crypto payments at low fees. : CRUD APIs for frictionless NFT integrations. Europe, and Africa) launch and grow. 1/ What are the domains builders are interested? This is key because web3 is built on the founding principle of open source community-led projects, this means that beyond the initial core team projects rely on the internet to find their first users, contributors, investors, etc.

Highest Turnout EverIndia has one of the biggest developer communities in the world and not surprisingly, the event received way more registrations than the venue could accommodate. Vani Kola, Kalari, said that they prefer not to meddle with the vision of a founder. They also announced a prize for the top 3 projects that used their infra, here are the winners: Solana labs, Web3Auth, and Buildspace all conducted multiple office hours across the duration of hh. While community calls are typically member-only, this one was open-sourced for the broader Solana community. The other star attraction was Tanmay Bhatt who was at the event in capacity as a member of the SuperTeam DAO. This is why all web3 projects have meetups of some form, so much so that it has become a meme. This is a feature. This is the best way to get onboarded to web3. Some alpha on projects to checkout - StellarSol (pay anywhere using Solana) & One_UPI (enabling UPI transactions@ 0% fees via blockchain). Maven foundation: A decentralised video streaming service aiming to enable influencers build their own virtual economies. When you hear about something, first go and try the product. There were a total of 78 submissions, out of which ~50 wouldve ended up presenting. Content should generate emotions - good (joy) or bad (fear, hate); focus on good, Patterns - our brain thinks in patterns, make and break them to keep engagement, Idea density - ensure that everything you say has an idea that stimulates the audience, dont spam, Heres a great thread by @shryasbhurat on the session.
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