Sandcastle Startups Challenge Invitational | 9-24-20 | 5pm-730pm MT

welcome everybody i am so fired up i can't wait for uh you to see what we have in store tonight 98 teams applied and the six that you're going to see tonight and the judges you're going to meet are some of the best we've ever had so i'm going to get out of the way as fast as possible but for those who have never seen the sandcastle startups challenge invitational at wyoming and wyoming blockchain stampede welcome thank you for being here thank you for tuning in you can share the link um we are in the laramie hall if you go to wyominghackathon.io or tell a friend they can click the watch now button and click on laramie hall and watch the next two hours live we're going to weigh a total of 25 000 but more importantly than that we're showing you what the future is going to look like through these six amazing startups and their technology and their businesses so uh without further ado i'm going to talk about our judges because um sometimes you know we don't like being judged but you know other times who we're being judged by is pretty cool so tonight we've got some of the best um that we could find in the business and we're humbled that they're here uh they're donating their time um they're not being paid and uh and and time is the most precious asset and um and credibility is even more and so i'm going to start off with uh scott stornetta um who hopefully most of you know and if you do not know um i had the pleasure meeting him in dc scott cernetto is the co-inventor with stuart haber of the blockchain basically in 1991 the first patents were filed satoshi referenced him free of nine times i believe in the white paper scott thank you for being here sir happy to be here um amy james is here she's a judge because she won last year so what we like to do is keep it all in the family um she is the co-founder with devin james of open index protocol in the alexandria um labs and she's just doing some amazing work in the space to liberate us from the broken internet that we all have amy james thank you for being here coming back this year to judge this time thrilled to be here chris thank you so much it's always a good time awesome awesome taras can't fly in because he's from toronto but we're happy to have him here and uh ross heads up um business development and and a bunch of other things at core scientific and uh for those who don't know core scientific they um they split their time between uh the future of ai and business applications and they um at least from my understanding are the largest uh data and hosting and mining operation for bitcoin in all of the western hemisphere um taras thank you for being here sir thanks for the invitation chris really happy to be here awesome and jeff burton a friend of mine who i met years ago and who is a legend in the esports business and many other things um jeff burton uh a stanford guy who's very proud of that and rightfully so jeff thank you for being here uh it's always good to see you again we don't do it well long enough and as a co-founder of electronic arts i think um some of the teams that you see tonight will will benefit from or maybe be hurt by your questions we'll see we'll find out soon thank you chris it's pleasure all right cory billington who is my partner in crime teaching a course on blockchain and entrepreneurship and internet 4.0 at the university of wyoming he's a he's a prolific guy as well he's returning this year court billington thank you for being back to judge again you're welcome thanks chris and connor for chaska who is the cco and manages a small little budget of about 18 billion dollars of your and my tax payer money as it relates to innovation in r d at the doe labs and federal government levels so um guys it doesn't get more weaponized as far as the judging goes then sandcastle startups challenge this year connor thank you for being here thank you for flying into laramie and um and bringing your energy to the the market as well as uh to this challenge tonight absolutely happy to be here and thanks for having us chris all right so without further ado we are going to get out of the you're going to meet the teams uh shortly we've got the first battle between vinter capital and est global the second battle between streambed media and elevated games in the third battle will be true reply and engrave we're going to start with bracket number one vinter are we ready we are ready awesome est global are we ready yes for those watching from america these guys are so serious est is tuning in today and and pitching tonight from new delhi india and uh the winter gang is coming in from stockholm so this is truly a global dispensation of some of the best technology out in the market um into wyoming blockchain stampede and uh judges are we ready with your score sheets for vinter and est global in round one yep ready all right so i'm gonna flip this coin this is a commemorative uae coin from dubai because the world will open up again post coven and uh when it does uh the best of the last several years we'll all get a bid to come compete during the world's fair um next year once it's reopened after the postponement so we're going to flip a dubai coin and i'm going to go to um vinter for the call so marco would you like to call it yeah heads or tails sir when it's in the air that's it is tail so that means sindu you can go first or you can go second okay we go first okay so we'll give our our production team a second to give me the thumbs up that we are ready videos ready awesome okay so uh the first five minute pitch video will begin next now i accept most funding that the rise of fintech has sounded that's none for the banking supremacy and their ego in the fintech world we do talk of interoperability all the time for ease of business and performance but here i would like to present a humble saga of integrated fintech rural development esd co-op let me take you to a small journey where we married technologies to banking and finance and rural areas to create the foundation for an integrated development diagnosis of ailments we analyze the basic problems the traditional ones as well as the new ones being the technical illiteracy and proliferation the technology assessment summary was that most of the rural economies are based on financial donors in form of grants subsidies government schemes what happens thereafter the cash is consumed and the clock arms come back to the same start point 12. creation of strategy the fourth round strategy was capital aggregation capital utilization capital replenishment and marketplace unfolding their strategy to create this comprehensive integrated digital platform several startups were brought to esde ecosystem with seed funding as well infomicrofin is the micro lending platform advisory money and invest 19 are the stock market operators trauma is the money transfer platform cashless bazaar is a barter platform now all of these have been brought together under branches the first theme based neo bank having agency agreement with icici bank in india the integration process is on for the launch in november 2020. fully armed with this an agent network we now penetrate deep in the countryside to move to the final frontier of commodification of agriculture and corporatization of the rural economy roadmap and prognosis looks positive esd co-op is the cutting-edge gap the decentralized autonomous platform to corporatize rural areas with the creation of new wealth we started stitching together different technologies to have a proof of concept and after the two year performance in india now we have the proof of success as well we believe we can help to beat the social pyramid become a social uh diamond structure with real term growth goal appears nearer yet problems are multi-failures so moving slowly yet firmly capital aggregation large number of cooperative banks and rural banks are brought together creating interconnections to act as a superfund capital utilization lending platform the combined capital of the cooperatives and rural banks mix becomes the lender to the rural industries capital replenishment rural exchange the rural loan portfolio is converted to a four-year digital asset like bonds receipts tokens available through the rural exchanges to hnis and other investors this liquidates bank loans improving their financial stability while borrowers get a long-term debt with lower interest rate the app and wallet for e-rural invest is ready with various investment products like commodity and mineral derivatives already the securities exchange in india has started talking about rural exchanges so we are safe in the regulatory zone as well marketplace est cashless rural market acts as on spot settlement platform for rural products against cash or barter for some other product in collaboration with cashless bazaar our tech guru and solution is a ibia idea the artificial intelligence for decentralized investment application the real brain based on blockchain supply chain management settlement system food chain management inventory management fully ai backed processing and data center for us i invite you all tech teams and organizations and community members to join our mission of transformation and development thank you all right so uh judges we have our question clocks going now scott stornetta why don't we start with you on what you think about the banking business so it seems like such a broad opportunity where do you start we have already started and uh as i presented excuse me so do you want to describe that pilot you mentioned yes uh we started different verticals uh last two years earlier and right now we are combining all of them so everything is happening in india and we have already finished the agency agreement with icici the integration process is on so november 2020 it will be fully implemented thank you next question um how are you going to get buy in from the end rural producers of this agriculture that you're building an entire ecosystem around and how are you going to ensure that they know that there's transparency in the system for value to flow from them into the purchasers yeah we have created the full we call it kisan chain that is the blockchain for farmers in which on which like all their product is put in and we have already registered est cashless rural market and fortunately for us government of india has come out with a regulation which has opened the rural market so farmers are allowed to sell either with the government minimum support price or they can go to any private uh buyers as well so that gives us the latitude to go ahead and push into the rural market and provide the benefits to the farmers as well as keep the record with it because everything is happening on the blockchain and since it is the market which is we call cashless but it is a barter system so they have the option to either take cash or they can uh switch over their product for any other product which they uh like we will we are having a marketplace also where they can buy anything against their product so full record full option to uh farmers and on-spot payments so that they don't come back uh feeling cheated or having blocked opportunities with all these developments thank you who are your most attractive customers and why the most attractive customers are of course the farmers right now and but what we are trying to do we are trying to go reach the areas uh which we can categorize scale three and scale four so that we can create the financial inclusion and we can really bring them into the system because they are out of the system because the whole ethic of this platform is that the development concept of development has always been adopting adopting trickle-down theory so we are changing the development model also the reform should start from uh below and the lower category lower strata should move up then only the pyramid can become a diamond structure so they are my most loved you can say participants thank you we also we also target other markets in latin america including peru for example and in that case it's it's gold miners and the way we target them is through cooperatives that we we have we have a local team there and we go talk in person with the cooperatives that group all the small scale miners and and we reach out to them and and it's uh we make sure there's no cheating because the cooperatives are the ones that give them loans to to grow so there's a there's a good intention behind everyone to to grow basically and whatever the gold reserve we have we have uh created uh like uh i mentioned also we have created bonds against that so that we can fully monetize their livelihood their community and it should not be an exploitative mining system so we are taking into consideration each and everything every action economic action must have a humane face it should not be guided by profitability only that's the fundamental all issue five minutes is up next round thank you good job thank you thank you all right so uh we will queue up vintor and i will wait for the team to tell me that we're ready to go and when we're ready we're gonna count down all right here we go venture capitals five minute pitch judges ready are you guys ready let's go awesome here we go venture capital the world of passive investments is growing and so is passive crypt investing but although crypt investments are growing they are largely stuck in the retail category but institutions they want in a study from last year shows that out of 800 institutional investors in europe 400 want to invest in crypto if there would be a mature and institutional enough investment vehicle for them one of the hurdles in creating these institutional products is the index which according to the benchmarks regulation must be provided from a provider that is approved by the european securities and markets authority a process that can take years winter is an asthma-approved crypto index provider and we together with fund managers issuers and exchanges are ready to create institutional grade crypto products to further the global adoption of crypto assets we're currently three founders six team members and with a board of nine jacob our ceo has a triple degree in statistics finance and mathematics and four years of working experience from nordea the largest investment bank in the nordics huaqiang is our cto has a master's degree in mathematics and worked for the swedish government building indices he was also a researcher at the stockholm school of economics where he jacob and professor robin tayglan studied the societal impacts of blockchain technology my name is marco and i have a master's degree in law and i used to work at lindal a business law firm in stockholm our board consists of professors entrepreneurs and business leaders from companies such as 21 shares the leading issue of exchange traded crypto products in europe arcane assets a norwegian crypto investment firm swift the global payment provider and the stockholm school of economics a leading university in the nordics our business model is straightforward we do something that has been working for decades and applies to a new market therefore we apply the existing business model to this new market as well there are three players in this picture and we are to the left and our customers is in the middle so we are a b2b company and we sell directly to funds asset managers and exchanges we've been in business for about a year in that time we have been admitted to sting the leading startup accelerator in the nordics raised two hundred thousand dollars applied to become an asthma approved index provider struck a distribution deal with reuters and built not only a capability to provide index values but an entire technical backend so we don't need to use external data sources we strive to democratize crypto and we strive to do that in a different way by targeting the very infrastructure of the financial system we believe that we can make crypto as an asset widely accepted and adopted the energy efficiency issues of proof of concept are known and by creating crypto agnostic indices we make sure that as the market moves towards more energy efficiency we move with it our main competitors are the incumbents msci pc and smp they don't do crypto indices as of today and probably for the same reason large banks are hesitant to offer crypto products existing markets are profitable enough and the crypto market is as of now quite small for them then we have mvis and cf benchmarks see if benchmarks were acquired by kraken last year for a hundred million dollars and are now strongly tied to that exchange the fact that ninety percent of investments in european exchange-traded crypto comes from sweden combined with us being the only swedish crypto index provider puts us in a geographical advantage we are where the market is today we are proud of our business partnership with reuters definitive and we are proud of the hundreds of pages and thousands of hours to have been approved by the asthma but this is just the beginning now we want to capture this opportunity and start growing the market for crypto index products and lastly for all of you here don't forget to support the ecosystem if you believe in growing the entire crypto industry both retail and institutional and believe you have experience to bring to the team do not hesitate reach out to us thank you all right judges questions maybe we should start with terrazz this time since this is in your area uh yeah so what do you do when like an ice uh decides to launch an index uh fund or uh ticker that competes directly with you guys or like a bloomberg or any one of these other institutional offerings that are in the space or capital iq or i could list them on and on absolutely so always when you're talking about smaller companies or startups you have that strategy that normal question what happens if like you think the biggest player in the field does that and so what you want to do is you want to you want to innovate uh and you want to be faster than these big companies are innovating so in order for us to do something we just need to decide okay let's do a volatility index let's say bitcoin index just a market cap index in order for s p to do this it must go through the boards it must go through the entire process must go into the entire organization that is smp so of course they could do that and they could do that tomorrow but what we are betting on is that the market as as it is now is so small for them but still so has so much potential that us being this early is our advantage our agility and our flexibility is our advantage and being one of the very first ever to have a crypto index provider license in europe shows that what are your long-term competitive advantages and how are you going to defend them so i would say that if you look at the competition right now [Music] we are one of the very first regulated cryptocurrency providers as i mentioned and the way we approach sales is much more like a sas company than a traditional index provider like standard reports and we got approved by as by just mid-june of this year and are deploying this strategy right now so until very recently people have been investing in crypto either through like direct token issuances icos or like secondary markets such as coinbase or kraken and this has made the space stuck in the retail what we think is by making it easier to buy indices making much more like a sas product we can also be faster so also without mentioning that the retention rate for index providers in the market is 97 and this is looking at the traditional index space and this has to do with when you have an index provider you write them into your prospectus you issue a product in order to change index provider you need to close down the product uh pay out the money and then you have to take a new product have a new prospectus and lure back the money and it's that's cumbersome process so there is quite a lockdown lock-in effect in the index model as as this so being early is important therefore um so you've laid out a good go to market strategy with existing uh financial institutions in the market or are you still working on that like what's how are you going to be targeting the right players with the right price point uh what the right offering i mean absolutely so we are using a method actually from predictable revenue and it's about sales about salesforce how they built their their organization and we look at the market in two ways so we look at existing market and then we're talking about existing exchange-traded crypto products in europe because uh you you may know that uh bitwise and other in in the states have been trying to launch etfs and haven't been successful so far but in europe there is a couple and that's about 1 billion in aom so we are talking to basically all of them right now and we have an ongoing discussion we just had a press release with the largest institutional um issuer of financial instruments for for exchange-traded crypto products called 21 shares and they launched on nordnet which is a broker in sweden this monday so we have an ongoing relationship with them but the real bc case is the future because according to the study at least 70 times larger is the potential this market will grow to 70 billion dollar markets uh in just five years and this is the asset manager shows that they want to look into crypto and if you take point five percent of their aom then that is 70 billion dollars so that's about the potential we're looking at what's the best advice you would give to one of the large incumbents about how to compete with you oh just go fast i think that's uh because of the retention rate because when you once once you have launched a product and that has started to accumulate some aom that is really hard to change an index provider and there is no reason really to do that so what we are doing is we're looking at okay there are some players and we are so focused on crypto and they're not so the more likely scenario is that we get to grow for some years and then they come and perhaps uh they look at us that's the end sorry we're brutal when it comes to cutting you off marco thanks man absolutely yeah i get excited sorry you know we get it we get it so all right i'm gonna give the judges uh a little bit of time here so that they can tally up their score sheets for those watching this you understand oh the rooster's still going nuts on me sorry about that it was a mind of its own um so as i dance a little bit here while the judges are telling their score sheets what what they're going to do is they're going to uh put a score of either one two four or five for each of the ten slides or themes as it were so if you're watching this for the first time you saw that everybody's doing the same ten slides they have five minutes to go through that what they put in the middle and how they speak to those ten themes is up to them but that way it makes it easy to create an apples and oranges comparison for the judges hopefully so the best score that someone can get coming out of the pitch video is a 50. the worst score somebody can get is a 10. um the q a is graded separately in a binary fashion so each judge right now is thinking about who they felt did better in the q and a portion and they're going to make what's called a judge's choice that's worth five points so if you win the judge's points you're making up five extra points on top of your potential 50 if you had a perfect score on the pitch are my judges getting close i'm looking at the scores coming in um and so i'm gonna i'm gonna look at these are my anybody judging having a need a little bit more time okay so one two three i am seeing amy i've got amy all right so i've got one vote with a score of 40 to 33 going to vinter got another vote with a score of 44 to 11 going to est so one for vinter one for est i've got a score of 28 to 22 going to vinter this is close i've got a score of 47 to 22 going to vinter so therefore by the law of three out of five congratulations venture capital you are moving on to the show and tell round and congratulations for est global because um uh your business is so big and so enormous that um i uh it's hard to put in five minutes but you did a great job and um for those of you who are watching this please after today go to wyohackathon.io tomorrow uh there's a sand castle startups alley in the vr expo environment there's videos of this stuff in action the demo rails are playing in those booths and for those of you who want to find out more about these com companies and their entrepreneurs and speak to them um as they get eliminated it's it's always the worst part of my job is to eliminate anybody uh please go to wyohackathon.io and click on the nav bar that says enter in vr and you'll be able to go into the expo and learn more about est global um thank you uh sindhu thank you martin for giving it your best best wishes to you vinter congratulations battle number two so battle number two let's stream it up streambed media and elevated games are we ready ready okay jaren are you ready i am ready anna you ready yup i'm ready okay judges are we good we got the scoring sheets for stream bed media and and elevated games in front of you yes okay jenna i'm going to give you the honors ladies first so head or tails uh tails it is heads man no one's won that yet so you get to choose jaren you want to kick or you want to you want to receive kick all right jenna you're first okay so we are going to queue up stream bed media's five minute pitch and as soon as we are ready it's gonna go live all right streambed media here we go hi there my name is jenna pilgrim and i'm the co-founder and ceo of streambed a publishing tool and analytics engine for the social sharing future so today there is no succinct way to understand how our content travels online this causes a lot of problems for content creators for brands for advertisers as they're unable to see all of the different versions of their content online this could be memes compilations gifs all the rest of it we don't know where things are repurposed too so streambag is a media linking software that generates correlated analytics via directly from or directly from the accounts of our users to allow them to delegate analytics to anyone else who may be involved in the creation of their video um so we we help link creators to their videos creators to their collaborators and content to its downstream versions we do this using the flow blockchain via the open index protocol the open index protocol is a public index that publishes the metadata of who what where when and with whom content is published we use this powerful index to publish the information of any content that comes through our engine and then we pull down the information to then um give it back to the to the user here's our team um myself jenna pilgrim joseph fischella of the flow blockchain bill rizzitsky formerly of adobe michael casey is the chief content officer at coindesk um jen sinasi is our resident influencer expert and lance coons is an expert in copyright and ip our business model is similar to that of mailchimp where um corporations pay for the number of uh of accounts accounts that they want to be connected to um it's free for users so that's um influencers normal people whatever you could see this at scale similar to lululemon sweat collective where they're able to connect to all the different people who are posting about lululemon and and lululemon is able to reward those users for doing that in our product roadmap we've been able to validate our proof of concept we did that in february and then over the last uh seven months we've been able to build and launch an app with youtube and twitter publishing including an extensive app verification process from google our milestones coming up include instagram functionality uh facebook functionality and a mobile app release as well as several large partnerships that i'm happy to talk about as far as impact goes there are many different ways that analytics can be gamed and we want to make sure that that we do our part to steward reputation online to stop things like bots or misinformation fake news fake accounts um we believe that um we are able to take the high road in correlating more pieces of data and enabling streambed users to connect uh in three say if someone connects in three accounts and two email addresses it's very likely that they are a person and then they're probably um going to act with integrity if they then interact with another user who has five accounts connected and two email addresses then they're very likely a person as well and so we're able to create this this um community of users who have agreed to do the right thing and then political campaigns i mean we are a tool that helps bring people together um and we believe that uh stewarding these reputation mechanisms is really important our competition includes um from the web two side uh your traditional social media publishers but we find that the analytics correlation is very difficult for these for these people um on the web 3 side we actually believe that we can play a key stewarding role to help publish to whatever is the decentralized youtube decentralized facebook um whatever ends up being the the dominant platforms over there so we can help them with you as far as govind goes um we uh our first brag is that we were able to grow our team from a team of four founders in february to a team of uh 18 now of dedicated uh dedicated team members um and maintaining a burn of under 5k a month so we're very excited about that we're able to do that by morphing into this lockdown relevant use case we graduated as one of only nine blockchain startups to graduate from the creative destruction lab with our virtual conferences events um these highly collaborative organizations is how we were able to get traction on traction coindesk has signed a two-year agreement to publish content from their various conferences um and three other organizations are signing this month we have a very healthy funnel of everyone and their dog who's created a webinar to to publish all this information to the blockchain we want everyone to sign up to our platform go to streambedmedia.com forward slash friends and it's free for humans always and use that to publish to your social media channels we all need to work together to build the future of immutable analytics i hope you'll come along okay it's time for q a who wants to go first scott oh you might be muted i'm you scott dale longtail um how are you going to convince your competitors to cooperate with you rather than compete with you are you talking about the web 2 competitors or web3 i'm talking more about the web too but i'd be happy for you to be responsive on both sides um so right now web two uh publishers like hootsuite like social media like loomly um have no way to verify uh that the analytics that they're getting are actually correct or that actually do come from the right uh the right source and so we believe that we can provide an immutability layer for them um and they're also unable to correlate analytics across platforms it's something that historically social media companies social media providers like hootsuite and hootsuite and loomly and sprout social haven't been able to do so using the blockchain because we publish to the index that actually acts as a normalizer that makes it so that all of the content is in the same um is in the same language so that when we present it to the user it actually gets to be um sort of all correlated together something did that answer your question i've got a question um recently a i think a politician described facebook as a cesspool of of this information misinformation and i i don't quite get how you're going to um prevent that from from affecting you so uh the reason that it was called a cesspool is because all content right now is treated the same whether i have one video and then i repost it across my five platforms i you know collaborate with five different people they post it to their five platforms the internet understands those all as like videos as islands and so if all these little videos have our little islands and they're not correlated together then yeah of course it's going to be a cesspool of like awful content and the worst parts of the internet um but if we're able to establish these reputation mechanisms across platforms then we can actually again correlate accounts together so like if i'm connected to amy and amy has three social media accounts and two emails and i have four social media accounts and one email then those correlations together can actually they can correlate a step down so if i'm connected to amy on facebook and on twitter and on somewhere else like the the engagement becomes so much richer because we're able to quantify relationship strength and if we're able to do that then we're able to correctly incentivize our institutions um to to play their reputable role um there obviously is a role in deciding the reputation of of you know many different institutions and this traditionally falls back to to our um public institutions and regulation to um to decide who is real and who is fake but at the end of the day there isn't really real and fake anymore there's like kind of real or more real or more so so we are aiming to to have this reputation layer um play a role to make things at least a little bit more real for people did that answer your question yeah thank you so um my question was originally around monetization and gamification of the of the platform itself uh but beyond your subscription model what are you guys thinking of from a monetization perspective is it selling data analytics and going further from there is is are there any concerns around reinforcing this echo chamber that everyone's talking about that social media has become so we um i guess i'll take the monetization question first um so on monetization um with the foundation of companies pay to be connected to the number of people they want to be connected to um one of our strategic partnerships that we're working on right now is with a very large uh media buyer like that's you know 17 18 billion dollar media buyer and they would like to use our tech to actually connect directly with users and pay them uh per piece of content that they produce for the data of how a video performed on somebody else's feed so i know i know that's a little bit convoluted but how this would work is it works similar to a google adwords spend set so you would say i want to spend ten thousand dollars this month um rewarding influence or not even influencers just rewarding people with the right metrics um for producing content about my product so i make say i make a makeup tutorial i have my like lipstick and i uh post it and i tag the brand and then that brand is actually given the opportunity to pay me directly not for creating content which is what like the tick tock creator fund and facebook has a has a creator piece as well that rewards based on views and all views views metrics can be gamed 100 of the time um but this is based on relationship strength and the amount that you're compensated is um based on how much your uh how how well you're doing on the platform [Music] thank you jenna thank you thank you thank you judges a chicken the chicken is angry when you go over five minutes all right good job guys okay so we got her slides being scored we've got our q a being scored and we're teeing up elevated games and jaren hines production when we're ready here we go elevated games sand castle challenge 2020. jaren hines here founder of elevated games i want to ask you guys quick question how many of you have been shopping during covid online and think that everything you buy is 100 authentic well i hate to tell you this but one in four products is actually counterfeit if you don't believe those numbers the government actually did a study in 2018 and prove that two out of five branded products are in fact when purchased online counterfeit what's the solution we started out with this tangible watch that is ultraman scheme color scheme and i wanted to not only append a digital asset to it but also prove this that it's authentic how do we do this we use a blockchain nfc and non-functional tokens why blockchain is immutable irreversible transparent ynfc with ios 14 they're released last wednesday now you no longer have to have a third party app to read these nfc tags you're going to start to see them everywhere we also had in our mind that we wanted to make the user onboarding grandma proof if you will so if my grandma can scan or tap this watch to her smartphone and prove this authentic than we've won here's our team distributed all the way from connecticut to playa vista california where i'm located what's the business model first off customers watch collectors ultraman fans uh nft because there's digital assets appended to this and gamers where are the revenue sources the biggest one is the re upfront retail sale of this watch later on there will be fees on exchanges and royalty fees charged for the patents that we filed because of this project what's the cost structure where the costs involved well it wasn't cheap to produce this watch it's very nice 42 millimeter bezel um then we had to purchase the nfc tag spin up software to encode and embed um encryption into these nfc tags and also blockchain storage here's the watch itself it's available in three different colors we only produce 1 000 of them they're available for 585 dollars you can try one on yourself at ultraman.watch which leads me into our timeline we came up with this concept in june and because of augmented reality in july we're able to try this watch on and you can too if you go to ultraman dot watch and see what it looks like on the wrist this really expedited the whole production process because we saw it on our wrist and we liked it and we sent it off to production we launched the site 10 days ago we've already pre-sold over 100 pieces and shipping begins early october our competition what do we base this on first off user onboarding how easy is it to tether this to uh to the proof of authenticity the second was the technology stack how secure is it how uh well built and how rapid can transactions happen on we like to think we're the best because we really focus on making the user onboarding seamless and very smooth and also the technology stack is very secure when it comes to encryption what were some of the unintentional consequences well we did such a deep dive because we're real nerves we're real coders that we found multiple business use cases uh this solution which started as a watch compared to a digital asset grew into a true awareness of the power of counterfeit and how toxic it is on the world it's this technology that we've developed is so powerful it's not just about watches and purses and fake car parts there there's people counterfeiting prescription drugs and you know this could potentially save lives so we do have a three-year digital uh right to the the 44th biggest media franchise in the world ultraman ultraman is bigger than superman star trek league of legends and sesame street marvel released the comic last week it sold out everywhere if you can find one of those go ahead and get get a hold of me and we'll work something out with this product we're already revenue generating patent pending and we have a ton of momentum going three patents were filed around this project and we even started a new legal entity here in wyoming called elevated merchandise all right so that's what happens when you hit five minutes on the pitch video you get cut off jaren so we're going to q a ask away judges i think i'm going to start with jeff burton since this is in your neck of the wood familiarity um yeah you bet i i don't i don't quite understand the connection to the gaming industry review that for me again sure so this tangible watch when i scan it to my iphone holds up a render of a in-game character now you can make those scares or authentic there's a lot of different plays here what we wanted to focus on was just proving appending a digital asset that was game relevant while at the same time having a proof of authenticity so i'll ask you guys how many of you right now with the watch on your wrist can you prove that it's authentic cool what's the value of that and i i uh i was uh late on the five minutes because i was caught in la traffic i know you're familiar with that one no authenticity is key when it comes to high value personal items for sure especially luxury pieces right yeah there's a ton of uh blockchain projects out there that are doing um you know proof of authenticity across the supply chain so i totally understand that value proposition uh what's your what's your target market what's your marketing strategy go to market um how are you are you just piggybacking off of ultraman is there anything else that's beyond ultraman is that just your way in well ultraman was and that's a part of having a licensing deal ultraman fans are slow hanging through but ultimately we're seeing a lot of watch collectors buy this and as i said in the presentation everybody that we've shown this to there's a ton of use cases around it and they want to use it in the supply chain management so um ultraman fans watch collectors and then digital asset collectors we actually just signed a deal with a strategic partner that will really accelerate it was the missing link we have revenue we have a patents patent applications um now our go to market with this partner will be the all-stars aligned you really blew through the um team slide can you just give me a few more seconds about the team sure so um i had in there liam sling who's our game designer he was actually the winner of our challenge last year at the wyoming hackathon i'll be talking about that tomorrow uh also in there was our graphic designer super talented young individual did our 3d booth uh somebody you don't really have to ask or give a lot of details he just shows up and and delivers high quality products and then the third person was uh royce and he is our business development and investor relations individual he was actually supposed to come out here with me but uh something popped up so we're a distributed team we use a webrtc and zoom if you will and you know we've been doing this for a while kovit didn't really slow us down i mean we've been doing distributed for a while uh webrtc has been around for quite some time so yeah strong team it's it's not that big but it's people who show up and perform and that's all we ask for corey billington maybe one quick one on supply chain 30 seconds left you're muted if you meet your goals over the next three years how big is your company going to be we're shooting for over the next three years i estimate the value valuation of our company would be worth 100 million dollars how much revenue will you have how many customers uh customers i don't know revenue forecasting 20 mil guess we'll have to wait on that one if he makes it to round two it's the chicken strikes again are the judges supposed to strike any comments he made after the chicken and then you'll have to decide if you want to give them a couple more minutes to talk about the math um all right so i'll buy us a little time now that now that now the rooster's losing its mind on me all right so um thank you guys thank you jenna thank you jaren great job judges remember uh we're taking our first five minute pitch video which has a total score possible of 50 a lowest score of 10 and you're sending me that with who got the five points so give me the total for each team in a chat for those watching along the reason why we have six judges this year is not because we don't understand swing votes it's because um our winner last year amy james who's come back to to judge can't judge this round officially she is scoring it but she can't judge it officially because streambed is built on top of the open index protocol so to avoid those conflicts of interest we've handled that with conor prochaska so thank you uh for sending me those i'm gonna read them as i get them in i've got one coming in right now 40 to 32 going the way of stream bed i've got a 45 to 40 going to stream bed i've got a 42 to 26 going to streambed which means that although elevated david a valiant effort they will not be moving on to round two sorry jaren we'll have to see you in the sandcastle startups alley in the by the way since now he's lost what i can tell you is i think his revenues far exceed 100 million if he doesn't screw it up so the pressure's on you uh jaren thanks for being here um hey thanks for the opportunity you guys are great awesome all right jenna congratulations so we are into our final first round battle between true reply and engrave now for judges we are scoring this one because it's important for uh you to to have a sense to look back on as we move into round two but these two teams by lottery want a first-round buy so you will see the same thing you will score the same thing you'll treat it as if one's going to be eliminated somebody will lose but they will not be eliminated so this battle coming up is our third battle between true reply and end grave uh i'm gonna go to the guys who are up at two in the morning their time and give reuben the chance to call the heads or tails reuben are you ready for the heads or tails buddy i was born ready for this moment i love it man i love your energy bro all right ready here we go in the air call it what is it it's a tale just like scott talks about uh the tale i know man all right you want to go i knew it first or so uh first okay all right so we're gonna queue up the five minute pitch from engrave great video is ready here we go roll it hi my name is ruben i'm co-founder and ceo of engrave what if i told you that you would rather leave your house without your spouse than without your phone think about that we no longer go online we live online and that means we all have digital assets but we don't really own any of them so who does well intermediate research is facebook on your identity google owns your search history and banks own your money just think about greece where at some point you couldn't withdraw more than 50 euros a day that's why blockchain technology came to the stage to eliminate these intermediaries and to empower people to own what is theirs but there is always a but there is one thing that is holding blockchain back its biggest strength is also its biggest weakness and before i tell you the cause i want to show you the impact each year a new record is set in crypto stolen around the world with 2019 clocking 4.5 billion dollars and that's just crypto if we look at cybercrime as a whole projections for 2021 are six trillion dollars the root cause of these thefts lies with the cryptographic access keys to your digital assets called private keys no computer in the world can crack them but why crack something if you can find it and that's where the problem lies from intermediaries managing your keys to yourself and even the most secure solutions at some point in time your keys will be exposed online so the solution is simple never go online and that is exactly where engrave comes in we have built xero a hardware wallet that works completely offline from generating your keys to even signing transactions it comes as the only product in the entire digital asset space with an el7 certification the highest security certification in the world zero is even tempo proof against physical attacks and while all of this sounds complex the interface is as smooth as it gets your coins are literally one tap away and you don't even notice that there is any cryptography in the device at all to top it off we built a fully integrated end-to-end solution so that if you lose your zero there are still ways to recover your private keys even beyond the most fatal of events your own demise and the passing on of your keys to your children over the last two years our team has proven that we know what we're doing we've onboarded world-leading players and thought leaders as partners we have built the products and we are weeks away from worldwide shipping we even showed we can market posting the most successful crypto pre-sales campaign on indiegogo ever and we also love to innovate when it comes to money by partnering up with online platforms we can offer their huge number of users to one thing these platforms cannot provide true security we also look beyond just making one sale one-off sale for example our solution enables you to trade offline in which we take a transaction fee aggregating our monetization efforts we are confident to make 100 million dollars in revenues by 2025. we're weeks away from shipping worldwide today in 2021 we'll start integrating with online platforms and d5 projects we will also be expanding on features to make xero the universal wallet 2022 will be our year to build out the b2b vertical after that we'll integrate post quantum cryptography resilience and eventually our aim is to provide wallets also to the unbanked and the underbanked so we've thought about the impact of our solution and the pros vastly outweigh the cons whereas criminals might use our solution too it doesn't compete with securing online lives protecting financial wealth and personal data and more current market solutions resemble the typical mvp whereas we have now built the best solution from both a security and a user experience standpoint it is also the only end-to-end solution available this positions us well to become a leading player in a market that will reach nine billion dollars by 2025. i really want to highlight the importance of jean-jacques chris qatar as well second reference of the bitcoin paper as an important member of our team he has been in cryptography and blockchain since the very beginning is cited in over 30 000 papers and has officially put his shoulders under our project to secure the future together i also want to emphasize that we are not just able to build complex solutions we're also experts in marketing them for example our pre-order campaign on indiegogo raised 450 000 in a month making us the most successful crypto campaign in the history of indiegogo and all of this during uncertain corona times to go truly global we are looking to raise 5 million dollars by q1 of next year if our story resonates with you you know it find us together we can empower people to start truly owning what is theirs awesome okay well uh since we have another person in the white paper i'm torn here it's either scott or thoraz but i'm gonna go to scott on this one for the first question looks like terrific technology um help me understand why in the case for example that you cited and i'm i'm pushing your envelope a little bit here you know you cited about the fact that google owns all your search data i'm trying to understand whether you see a a pathway that leads to your solution so that google owns less of your search data and you own more of it did i miss something on that slide no you did not so basically it comes down to what blockchain technology has in terms of potential and um if you think about it blockchain can actually um uh-oh we can't hear him hi hey sorry sorry no i wasn't i wasn't muted uh i don't know what happened um yeah sorry that's not a good start um yeah regarding to google owning uh how we can actually take over google's data i would say at this point this is more of an example so it's more about explaining how people um are basically leaving all their data um out there for all of these third parties so intermediaries so i wouldn't necessarily focus on let's say how google does it it's more about um making you conscious of the fact that any kind of data you have today online is basically at risk it's basically not owned by you it's owned by intermediaries it's owned by anybody else but you you can ask for example facebook to accept your password and get access to the platform and you can request a change to your digital identity but they own your identity they can at any point in time tell you you never existed you were never part of this platform and um we actually own let's say it's got stornetta on facebook and that is what it's about and google example is one of those examples a bank is another example but it all comes down to your data is not owned by you and that's something that needs to change it needs to be you who decides um who takes uh ownership of your assets who decides um is anybody else even allowed to uh to do anything with it uh yeah so how does how has your team uh provided a a purely a truly verifiable way to ensure that because there's all sorts of attacks these days spoofing phishing uh middleman attacks um you know especially with ai getting smarter voice recognition voice mimicry uh deep fakes where they can actually take your entire uh image and uh broadcast it so it looks like you're actually talking how are you going to ensure that this is actually uh verifiably proven through your technology yes perfect question so that's the first thing we asked ourselves and also the the biggest takeaway we had from the very beginning it is that as soon as you go online it's game over you lose so we we set out to build a solution that needed to be offline at any point in time and what i mean with that is your private keys have to be created offline and they should never at any point in time go online and so we sign transactions offline we make your keys offline but it doesn't end there if we just think about the first step in starting to truly owning what is yours it is how do you create those private keys and if we go to the most advanced solutions in the market today we talk about hardware wallets just like the one we built the difference is that these existing wallets they all rely on two random number generators which have been proven to have back doors you can do a simple google search and you can find that so what we have done for example there is we have included in this internal process in the chip also external factors for example your biometrics so your fingerprints are part of the key generation process the ambient light surrounding your uh device uh measured by the camera is part of the process of generating your key so that's the first thing we do basically to remove backdoors and the second thing is that existing solutions they give you a key so that means that they might have a database of all the keys ever made so what we do there to make sure that you are the only one who knows your key is we have basically invented a interaction process a very smart interaction process with the key um so that eventually by the end of the process you know that there is nobody else not even us who can know your key and we've built that together with gosic which is one of the leading research teams in cryptography in the world what's the best evidence you have that your customers will pay what you want them to pay well we've actually um launched a pre-sales campaign in june and we raised a record uh amounts of sales and uh that's my time cue a chicken my chicken fell asleep he didn't go good job thank you reuben all right sorry sorry for the hiccup yeah that's okay the uh there you go there's the chicken okay next up true reply we are ready and we will go to the video as soon as i get the all right let's see it in a few short years voice will be the fastest easiest and most powerful interface to everything you love doing with your devices today less touch more talk mark cuban believes there is no future that doesn't have ambient computing or voice activation and gary vaynerchuk a passionate proponent of voice technology believes that companies built on this technology like the alexa or google assistant will be the size of pandora facebook and instagram and the future these visionaries are talking about is coming faster than anyone truly appreciates since its introduction in 2014 the smart speaker install base has grown to over 157 million smart speakers in u.s homes alone meanwhile as of january 2020 there are over 2 billion voice enabled devices worldwide and that number is projected to reach nearly 8.4 billion devices by 2024 and the pandemic has accelerated the utility and value of voice with overall usage going up 52 since the start of the pandemic what we're seeing supports a monumental shift taking us into a new age of consumer engagement data acquisition and data analysis our vision is true reply a complete solution that is accessible so that anyone regardless of professional expertise can launch voice experiences and connect with consumers in minutes secure enough for any industry in building towards a fully decentralized blockchain data structure and flexible a no code platform that allows for whatever customizations and integrations are needed for those who want to launch voice apps we've created a simple quick way to define and launch your voice app that provides real-time access to engagement insights and participant data and makes exporting your data simple via csv and automated api and on the consumer side we've made a platform that easily supports engagements across any alexa powered device any google assistant enabled device or phone as well as future consumer interfaces like vr autonomous vehicles and consumer robots we've put together a global team of channel partners sales reps and team resources that are helping build the momentum behind the true applied solution and brand so without true reply launching cross-platform voice apps today has all the traditional hurdles you'd expect there's engineering challenges there's bloated budgets and longer timelines to get that solution to market is clearly shown here by our very frustrated project manager whiff to reply its voice apps launched in 15 minutes for a simple flat rate per month voice apps that are simple to create and manage fast to launch and gain insights and robust enough to integrate with any other platform where we started born in 2017 with a focus in healthcare we've driven innovation not only in voice technology but also in the marriage of voice technology and blockchain how we've evolved so we've leveled up our tech to create seamless integrations with any oem voice ai and revolutionize the experience of launching a voice app looking forward we're introducing new and exciting voice data insights driving voice data technology innovations such as real-time ai driven tonal-based response analysis so whenever you create a technology to better understand a population you immediately create a new mechanism to control it we've been extremely mindful of this risk and are working on solutions to help mitigate it today true reply is built on a foundation that is hippo copper ccpa and gdpr compliant we're moving to data acquisition that's anonymous by default with no personally identifiable information collected and a consumer-driven mechanism for purging your own personal data from our entire system there are a few direct competitors in the voice data space but none have focused their efforts in giving the everyday non-technical person a simple and powerful solution to voice apps and voice data insights so we're very proud of our groundbreaking firsts we were the first voice solution to be featured in a special report published by the national organization for rare diseases as well as having the honor of presenting to the fda as part of their innovation path meetings we launched the first and only incentivized surveying solution to amazon allowing anyone to earn money by answering surveys via any alexa powered device and through voice rewards we were the first to bring cryptocurrencies to voice-based devices in a meaningful way with voice rewards consumers can earn bitcoin litecoin ethereum or our own research token the reply token using just their voice to answer surveys via the alexa and our customers love us in market research the head of innovation at smg said truapply provided qualitative research at quantitative scale and in healthcare the founder of the hnf foundation experienced eye-opening insights as a result of using true reply in her patient studies in entertainment the founder of the lthj group sees true apply as a game-changing way to interface with her audience i ask well first we'd love to connect with other projects and help give projects a voice the alexa google assistant and beyond and we're also looking for market partnerships ideally in marketing entertainment and media and healthcare and finally complementary investor introductions who can help us grow on behalf of all of us that you reply thank all right the you works again judges it's to you okay um easy entree for uh non-technical people but isn't there going to be an 80 20 rule where uh the the ones that are creating the most value um that's not the thing that's holding them back it's the ability of your platform to allow them to customize and create great feature sets even if it takes a little more effort yes uh and that's actually a great point um it's we've we had our beginnings within the healthcare space which is where our uh kind of our secure mentality comes in and there are a lot of different demands different uh integrations and different requirements across across different healthcare studies so while our platform provides kind of a level one launch a voice app in 15 minutes we although we also have three additional tiers which we call the agency and enterprise integrations um the platform itself uh fully supports third-party integration so we can either directly integrate data experiences to push out to your third-party system or have real-time uh integrations with third-party ip for example we can provide a voice layer for many fintech ai's projects we're in the middle of piloting right now so it's not just the 15 minute the 15 minute thing is really your your uh your base level experience we've got a lot of layers within our platform that allow us massive customization opportunities in a much simpler way than dropping a bunch of engineering time so in terms of your sustainable competitive advantage um elaborate on the connection between voice and and healthcare did i unders i couldn't get that yeah yeah now that's a great question um and it calls back again to our roots where we started really with a platform that allowed healthcare practitioners to launch voice-based care studies uh in you know about two or three minutes flat and really it was about looking at a space where we've got people that lack technical expertise yet um because of patients especially in the rare disease space living with uh a lot of severe symptoms burden voice becomes an ideal kind of engagement channel for that um and so we modeled a lot of our early innovations around that ideology so really allowing a practitioner to go in and launch a healthcare study within you know a few minutes and so you're developing a sales team that's going to really be soliciting health care providers folks with disabilities i mean probably uh people with mobility issues um and how are you gonna target them let's actually yeah that's actually only one vertical um and the target really is for uh building you know there's a lot of sub targets within that like building clinical studies and you know also patient monitoring and things like that but it's it's just one of a play for entertainment and media and especially market research where there's been a big play and brand recognition and awareness and things like that so there's a lot more avenue there but in the healthcare space you know there are so many foundations that deal with so many different diseases where this has a applicability in uh and it makes it easy for them to leverage that and push that out to their constituents or to their partnerships just just in the gaming industry are there applications that you have envisioned i have um i you know being a gamer the first the first experience i had with voice and game was actually skyrim where you could call out certain things and i feel like there is going to be interactivity just like you have interactivity with amiibos and things like that on the switch i believe that there will be uh you know stadia connections to the google home and there will be connections with alexa to different gaming platforms as well where you can call out to your alexa and you can collect data from that or you can have certain uh integrations with your reply where there's web hooks that they're pulling data from that and integrating it directly to your game it seems to me that coaching game coaching might be an area that would apply this that is very cool i like that idea a lot yeah what we've done is really focus on establishing kind of this core foundation in tech that's super easy to use and build on top of so that we can better align with all these different use cases across different markets and one of the reasons we took that approach is really because voice is really at the early stages of consumer adoption even though we've got this explosive saturation of voice deck and there's different markets that are moving at different speeds to leverage that technology so that's we've we focused really on making the technology super easy to integrate and there goes the the chicken the rooster that was great good job all right judges we're back to what you know we got a potential best score on the five-minute pitch video for each of these teams of 50 a low score of 10 and then one of these teams did better in the q a in your mind and so you'll add that bonus five to their score and you'll send me the totals in the chat and while we're waiting 30 seconds for those scores to come in we'll remind everybody that this was a non-elimination battle because of the lottery seating that happened and so both of these teams although one will lose it's more directional and more competitive than anything else they will all be part of the final four which also includes winter capital out of stockholm and streambed media in the final four so we are going to tally up these scores i'll be looking at them quickly just to see who we had i've got one score coming over right now that was 35 to 24 true reply one judge is in i'm waiting on the rest i've got another score that was 41. mr burton i need your other score but i'll uh i'll wait for that so i've got a 45 to 40 going to engrave so we got a one and one right now i'm waiting on amy's uh totals all right so i've got a 37 to 30 going to true reply and amy let's see so i've got a 40 to 30 going to end grade so we're back tied even so i need that fifth uh i need that final score mr burton if you can send it i've got your i've got send it i've sent it a couple minutes oh oh wait i gotta i gotta go back can you just pop it in again i i see uh i see yeah sorry just pop them next to each other so i can see it i got a bunch of stuff in the feed now while i'm waiting on that one to come across and the tension builds of who would have won this round um in we're gonna do a three minute halftime here all right jeff just tell me who you had yeah okay it was uh uh true reply 42 in grade 41. oh it was a close one okay all right well all right so final four is about to begin but before that i'm going to welcome our our one of our sponsors a partner in the market sarah fitzgerald chief strategy officer at wyoming business council who is part of the reason why this exists and part of the reason why uh all these startups are getting paid something tonight and so we wouldn't be able to do this without you sarah we've got a three minute clock production is going to count me down and i'm going to chicken myself um and for those of you who need that are competing if you need a drink of water or something be back in two minutes and 52 seconds sarah tell us about the mission that you guys have at wbc and why tech and diversity and this kind of thing is important to the state of wyoming and to your uh your efforts yeah great question thank you for for welcoming me and um you know congratulations to all of the all the companies that are competing um each and every one of you are impressive and um what an exciting format so uh just it's a heck of a time and i'm very proud to be uh sponsoring this um uh the wyoming business council's job is to create good jobs for wyoming um and tech plays a huge part in and how we do that um most of you probably know and that back in in 2019 the or in 2018 excuse me the winding legislature created um 13 new laws that um really make wyoming pioneers in in blockchain and in cryptocurrency and and so we're very very proud of that um and um and that's just one of the assets that we use to create good jobs in wyoming um i i what we've done there and what we plan to continue to do is to continue being a pioneer in technology and what we want to do is we want to partner with pioneers like yourselves the companies that are here today investors who are here today we really want to be your partners um because we can make things happen in wyoming that other states can't make happen we got those laws passed um because there are 500 000 people in wyoming uh we are our economy is open right now come almost completely open right now you can go have a beer i my husband's out having a beer right now um in wyoming because there are 500 000 people in wyoming um and so i you know the that lifestyle that we're able to offer together with our really kind of progressive mindset um when it comes to technology um are something we're very very proud of that's right so i got my i'm we're all gonna go have some beers that are in town uh right after this with um with blue ocean is our other sponsor and i want to we're going to see you there too and and i got 27 seconds so i do want to give blue ocean a chance um because just like you they they've just been a great partner they're committed for four years i'm gonna take that off when we have beers at altitude and a little bit on on their uh dime as we welcome a bunch of the vips in meet and greet um but blue ocean digital management's a 60 million dollar venture fund and they are doing first rider refusals on deals coming out of load in canada sandcastle and we're excited about that and there's the chicken half time is over thank you sarah thank you josh darrell thank you wyoming business council and thank you martin lay and will over at blue ocean digital management for making this possible all right round two first battle true reply versus vinter they don't get a break jose over there that's all right we'll take it all right so um i'm gonna go with the underdog is going to go first so by the seating and so vinter we are going to cue up your demo video and what's going to happen for those watching is now we're on a 10 minute clock but it's going to start the minute the demo video goes the demo videos that were submitted will show and tell so that we could see the products in action and give the judges more to ask questions about but they're up to three minutes so if they're shorter than that that time goes back to q a on this 10-minute clock the rooster is going to crow are we ready demo reel coming now let's go into capital is an index provider for capital markets we sell curated price data based on the cryptocurrency market the buyers are funds who use these prices to create financial instruments that track the performance of our indices therefore it's crucial for us to offer continuity stability and to be transparent this brings us to our core the index methodology our provision of indices is based on it it's a white paper describing our index algorithms our selection criteria and our governance procedures fund managers exchanges and issuers of financial instruments connect to venture crypto data in three ways the first option is to download our data from our distribution partner reuters the second one is to download daily price and csvs from a user dashboard and the third is to directly connect to our own api we offer versatility to fit a variety of use cases we have separate servers for database analytics api data management index and monitoring they all do different tasks and are separated for security and robustness print capital's index platform has been developed in order to ensure compliance with the european benchmarks regulation it extracts data from multiple exchanges and from multiple markets all reviewed and approved in accordance with the company's calculation frameworks it validates all received transactions and calculates the company's real-time rates reference rates and market indices the platform has a web interface that allows you to select what exchanges and markets you want to extract data from how often you want to extract data how many records you want to receive how long you want to wait for response and more you can control what exchanges are allowed to contribute data to a specific reference rate what time the reference rate should be calculated and its calculation frequency you can decide what currency you should use for the denomination of the reference rate and more the platform uses a microservice architecture with separate servers for a database and calculation software it has a failover database that continuously replicates the production database the databases are empty daily and continuous backups are taken from the creation of our indices to the development of our index software there is one common theme in what we do and that is to be an onboard for traditional finance into the decentralized world questions um yeah i um i'm wondering like what keeps you guys up at night as founders like what what's what's the thing that scares you about how your business could grow i would say that one of the key things that we care about is growing the adoption overall of crypto and something that we have seen is that this has been a bit stuck in the retail space if you look at equities about 11 is retail and the rest is institutional but if you look at crypto you could turn those around completely and what we see is in order for blockchain and crypto to really get adopted you need to get everyone on board you cannot only get like the small traditional everyone so we're trying to make it in a way and a form that institutional investors are accustomed to an index product an etp or an etf and that is our goal is for that to be an onboard for them into the world of crypto so that's what keeps us up all night did you talk about initial revenues and that that growth path absolutely so we use a model that is quite used in the traditional index space where we have a fixed fee and then a am based fee so it depends on the financial instruments that are following our indices so at this point uh we are currently talking with all the larger asset managers there are five uh public traded crypto asset managers and there are like 24 aifs in europe doing crypt right now so while talking to them and we see them as the lowest hanging fruit we're also looking at the future market um you you have a presumption of the uh power of first mover advantage and i'm not sure that i buy it you know i think that uh you know the the the early bird gets the worm but the second mouse gets the cheese so why is it true that the first that uh being first is gonna an advantage i would say that one of the reasons that first mover advantage is important used in this field is firstly because of the customer retention rate we have an incredibly high customer retention rate in this space with a nine to seven percent customer retention rates secondly we are focused that focus on crypto we are the one of the very few index teams in the world doing this and one of the top only ones being registered by the european securities and markets authority so being early in this space is a question about sustaining and growing with the market but also there is a market right now the global market for exchange-traded crypto and ifs is 17 billion dollars and for exchange traded one billion so while being a small market compared to the equities it's it's a substantial market right now as well but i still haven't heard is this sustainable yeah there's may not be much choice now but when ubs gets into this or others um is will that stickiness of your customer base remain besides the the retention aspects i would say that while growing uh with the market also puts us in a position where we have right now built up a team with the industry leaders in the space the industry leaders in the exchange through the crypto space people like laurent kisses was the ceo of the world's largest crypto asset manager uh coin shares and together with those people and together with this market being this young we believe that not only the retention rate but also our knowledge in it will be a key factor for us to to also survive when the larger page are going to come into it another question two minutes and 50 seconds i'm sorry cumulative revenues since inception by the end of 2020 so we yeah uh we uh have cumulative revenues we have an mrr of about 10 000 right now uh in dollars and we got approved by yeah we got approved by the s my in june so three months ago so from june uh was when we started to be able to sell uh the products and before that so so the market is like this in order to sell indices in europe you must be a registered uh benchmark administrator according to the benchmarks regulation so there is an ex extremely large barrier to entry to do this and to do this you must go through about a year of application process so we applied in 2019 and we approved in june of this year and then we we just started doing that so we had a financing round last year when we raised just enough to um to get the license and to get the distribution deal with reuters which was our main goals and what we're doing now is that we are using that momentum that we are the only nordic and one of three european encrypt index providers in total where there is hundreds of on the equity side um so that's that's our our position in the market right now and we're moving into our second fundraising right now where we have focusing on on sales basically so your revenue projected revenues for 2021 so our predicted revenues from now we can see that if we get the current market the revenues in there it's about one it's about uh three million dollars looking at the current market and if we look at the potential that is of course 70 times bigger than that but if we look at the current it's about 3.3 million so what about the ability you know there are other assets that are moving on to the blockchain yeah um what about the ability to tap into that space or is that too far afield of what you're trying to do no actually we are our licensed we we are a crypto index provider and that is our passion and that is our core but we have a license to do all kinds of indices really and something that we actually are doing is we're talking about uh we are talking right now to one of the regulated exchanges in in london and about doing a tokenization on their exchange on on real estate so that's something that's a project we are doing and there are a lot of possibilities to do volatility in disease to do indices that go against a certain crypto so we don't only need to do a market cap indices we can do much more interesting strategies with with our license good job you got that in right before the chicken excellent so true replies demo video and q a will follow we got the clock reset at 10. we good to go on the uh on the roll video is ready here they come true replies demo welcome to the road to sample con experience welcome to home experiences welcome to sick day medical house calls welcome to the i hot pot welcome welcome welcome welcome to true reply hi there my name is jose and i'm going to give you a quick peek into what it's like to use to reply to launch and manage your voice apps we've got a voice app here it's just about ready to go it's called the all home daily voice app it's for a local contractor let's call her lisa who wants to deliver some value and stay connected with customers let's hear what that voice app sounds like now alexa open all home daily welcome to all home daily for your daily dose of home tips all home daily is brought to you by lisa's whole home restoration ready for today's tip exit so that sounds okay but i think with one little update it'll be a little bit better so why don't we dive in here what you're looking at is our voice portal for this voice app so we're going to click on manage and go to messaging setup and i think a slight change here will make it so much better there you go great let's hear what it sounds like now alexa open all home daily welcome to all home daily for your daily dose of home tips all home daily is brought to you by lisa's whole home restoration ready to hear today's tip yes today's tip is all about setting your alarm first when setting your alarm make sure all ground floor windows and doors are secured especially with doors wind is the most common cause of false alarms that's it for today's tip of the day exit so that sounds good but i think uh the welcome message is great but unfortunately the tip is from yesterday's so let's dive in here and update that tip of the day i'm going to go into engagement setup and i have today's tip here on my notepad so i'm just going to do a quick copy and i'm going to paste it right in here in my first step and i'm going to click save let's see what that sounds like alexa open all home daily welcome to all home daily for your daily dose of home tips ready to hear today's tip yes today's tip is how to check for toilet leaks remove the tank lid and pour in the dark color kool-aid packet wait about 30 minutes without flushing the toilet if any of the colored water appears in the toilet bowl there's a leak exit perfect i think we're ready to launch now as you can see managing your voice apps with to reply is fast it's easy and it's in real time and it's a little bit of fun i hope you enjoyed this quick peek stay healthy and stay strong all right questions a little bit of fun and laughter in that one questions for true reply you all learned something come on i didn't know the toilet bowl the kool-aid trick that's for sure there's that bathroom humor amy do you want to start i can go sure scott's got one we'll pass it to scott so talk to me about how how you compete or don't compete with you know the google you know the alexa [Music] and the others why aren't they going no google is famous or amazon is famous for um identifying some rising market and just wiping out that opportunity how do you protect against that how do you out outrun that that's an excellent question which is why we're not we're basically voice assistant agnostic so we've built our platform so there's a foundational ai and interface and all that logic that drives the experience but then we plug in different virtual assistants and technologies so for example our platform today supports amazon alexa google assistant and samsung bixby and you can even plug in telephone there as an interface which gives you really um the amazon alexa skill equivalent of an experience via any phone call can you say just a little bit more about that on the phone call side i've give me some example there that sounds yeah yeah absolutely um absolutely uh we as i mentioned uh in the last round we started kind of in the healthcare space and as you can imagine between hipaa and security concerns amazon alex and google assistant were never the first option that they wanted to utilize so really we plugged in telephone was one of the first interfaces we plugged in and similar to what you experienced there in the demo our platform will take the experience your welcome messaging your questioning skip logic and all these other things uh all the other cool things that the platform can do and commission a toll-free phone line at least in north america canada india and the united states and launch that entire experience for you uh within a couple of minutes we do support 110 countries right now um they just don't all instantly uh commission a phone number um and we also do support 120 languages by the way so i'm i'm still a little bit uh confused about really who what customers you're focusing on so give me the list of the top three customers that you're focusing on and why you're focusing on them so we start yeah no problem so for example in vertical of market research you get a company we did some work with like a procter gamble and they were very very curious to hear about how uh true reply could support gathering data on specific usage of products right at the point of engagement and i think that was the key that was very intriguing for them which was at the point of engagement when they're interfacing with that device they wanted to understand about a consumer's usage of disc job or consumers usage of a hair product and what they did was they they created this entire campaign with this experience and they incentivized it and they ran it and they collected the data on this usage all through an alexa portal so that was just one example of it and that's just one vertical that we're focusing on all right so that and the gains and pains you're creating for procter and gamble are what now no pains all gain or gains you're you're reducing i should say yeah well really it's about that point of experience uh that really is the key in that particular example as well as a few others we've done in market research right which is you know uh it's not the same as going to a computer and filling out an online form to provide customer feedback about you know for example um what using the dish soap was like and what proctor and gamble wanted to see is what is that like if while you know uh the person is washing their dishes using their disc soap they're able to provide feedback using their voice because you know their hands are soaking wet and full of suds and provide that that kind of point of experience very close to that experience feedback um that they were looking for and again that's just uh that one vertical in market research and one of the things that's important is that you're getting qualitative data you're not getting quantitative although you can capture quantitative and likert style response you're getting real qualitative and you're getting validation of that qualitative data you're getting the ability to take people through a narrative for their product or their experience or whatever via skip logic and branching of the experience all within their voice right from their alexa or google or an excellent product for distance learning uh it definitely could be we're actually prototyping something uh right now that we're calling edforge um which is uh an amalgamation of a few different um tool sets that i have discovered over the last uh you know few weeks of distance learning and homeschooling kids would be really helpful for my kids so it's definitely a vertical that we're interested in but really um and to hit uh i think that was it corey's question really on the head is we learned a lot in the last year and a half and one of the things we learned as we started in healthcare was healthcare is a very long sales cycle meanwhile market research and entertainment has a shorter sales cycle and they're also moving quicker towards leveraging voice and these kinds of interfaces for their various campaigns and that's a big reason why that's a strong focus of ours right now so you guys go ahead sorry i i just follow up with that because when i first saw what you guys were doing i thought you know the last thing i want to do as a consumer is have to answer questions from a product company about you know a market research company i won't do that on the telephone and i certainly wouldn't do it on my alexa that's just irritating um and yet i think there's a there and yet and also the the price uh per month 250 dollars a month for one um uh app seems awfully high if you're if you're if you hope that you're going to get some customers other than procter gamble and uh places like that who can pay the the uh request to quote it makes a ton of sense uh what you're saying there and it makes a ton of sense because you've really only had the opportunity to experience it's tough to get a question at the end that was a good question too you're muted chris we can't hear you oh no wonder i'm sitting here yelling at the rooster all right well that that was uh that was what you called a heckle uh but a loving one jeff burton and i know you mean it from a good place and i know they're dying to answer it but the rules are the rules so hopefully they'll get the chance answered in the finals but worst case they're going to answer it in the consolation round judges you will uh this is easy it's just binary you're going to tell me which one impressed you more was it vinter going to the finals to compete for the 12-5 top prize or is it true reply who's going to the finals and who's going to the um bronze round we'll see what they say jeff burton says true reply definitely the heckler likes you anyway all right who else has got it we got one for true reply cory billington goes with true reply scott cernetica tornetta likes vinter amy james liked vinter so it's going to come down to the fifth and final vote or yeah taras i'm looking in the chat he's killing me i need a drumroll breaks the tie okay well vinter hell of a job and you still get to fight for that was tough that was tough yeah that was a tough one he didn't want me to put him on a spot like that but he was like his feet over there so toronto was getting late over there in toronto winter yeah i was noodling on who i know it's different value props they both had great presentations such different um spaces they're coming from you can't just it's a tough one but the good news is we're gonna walk with uh with with more money than uh than they came in with and you did a great job you're gonna be battling for the bronze um in the flurry round coming up here but we got one more battle to go between engrave and stream bed so we're going to go start the demo round with stream fed production let me know when we are ready to go judges get ready for some good questions and jenna get ready for some awesome answers ready are we good with the video for streambeds demo good to go here we go stream bed start the clock once you sign into stream bed you'll see your custom dashboard you'll see your videos in your content stream on the right and your analytics in the middle when you unselect all the analytics reset to zero and if you select one or two videos the analytics adjust there's an analytics tab and activity tab here analytics will show you your audience growth over time and activity shows you what other streambed users are posting before posting a video you have to link your accounts you do this by clicking on the profile icon view profile and then edit linked accounts move the slider beside youtube to the right and then connect your gmail account once that's connected you can upload a video by clicking the upload icon the fields are the exact same as youtube's fields so fill those in the fields for uploading on all social media platforms will look exactly like what you're used to seeing on the individual social platforms so it's super easy once you're done you'll see this screen where you can add as many co-creators publishers or sponsors as you'd like all you have to do is add their names email addresses and titles this will allow them to see the analytics in real time for this video the people who you tag will receive this email to verify their role all they need to do is click yes this is me and they'll get a prompt to view the public page that verifies when the video was published by who and with what collaborators interested in the blockchain if you click here's the proof you're taken to a flow block explorer that will show you the transaction of where your metadata is stored it's encrypted to protect you and your information this block is now awaiting confirmation so if we were to come back in 20 minutes or so it would be green and the block would be secured our next feature called the stream will give verified collaborators and publishers access to a catalog that lists all the videos they participated in or created allowing them to show an immutable record of their online creations right here we go question time crickets all right so connor you haven't asked a question yet my friend and you're the swing vote on this one i'll let i'll let you think of one if you have one but since amy you uh you can't swing this one because it's built on open index fire off a question since uh you might have a good one to tee up the combo oh you're muted sorry thank you okay so um i'm curious like when i put my somebody a collaborator into that field like what happens after that and then how do they how do they get notified and why would that help them be onboarded yeah so um when you tag a collaborator you put in their username and or you could put it you just put in their name and their email and then it will send them an email that says hey you've been tagged as a collaborator can you verify that it's you in the video and this is really important because the public indexing page that we create is is obviously public anyone can view it and you could share it so if you scroll down in that indexing page it'll say here are the verified contributors to this piece of media so if we took this webinar for example and uh published it on youtube we could tag all of the different competitors we could tag all the sponsors of the wyo hackathon and all of those people would be able to immutably verify themselves with the fact that they competed in this the uh sandcastle challenge or the fact that they um that they participated um on a panel earlier in the wyo hackathon or they sponsored it or whatever and they'd be able to see all the analytics that the um publisher sees in real time um so that's there's there's the two-way verification which these creator pages will show you a record of all the different conferences you still spoke at like how many of you obviously people are here speak at conferences pretty often um how many of you have found videos of yourself online that you didn't know existed right and so that is a perfect example of how this almost becomes it looks like an immutable imdb because it pulls all of that information down um you can become it's important to note that you can become a verified contributor without becoming a user the only um the only reason you would need to become a user is if you want to see the analytics in real time from anyone else the question i have um is it what's right when you're talking when you're talking about audience um you know touch is and and all audiences on different platforms are not all created equal um is there a way and how far down can you dig down in those metrics to understand and make that a useful tool so we get the information directly from the youtube api or the twitter api or the instagram api about how different users interact with things um you would be able to create a custom dashboard as to like how those metrics are combined because obviously every marketer wants to know different things they want to be able to say okay i have youtube metrics that i'm valuing this at the same as this so that we're not comparing apples to automobiles and that customization piece is really important so that um those metrics can be correlated but because we publish them all to oip in the same way when we pull them down again they're all in the same language does that make sense does that answer your question perfectly go ahead i was going to say uh what's your customer acquisition cost uh projected revenue uh current i mean you said 5000 but when you actually get to a real burn what's your burn rate um and then i had one more and what's your value per customer okay so you said i'm just writing this down um you had burn rate value per customer so it's free to be a user so it's right users are users don't pay to use the platform they publish as much as they want they have as many contributors as they want um burn rate uh we are raising a financing round right now um and the projected monthly burn is about 40k a month that's the that's the ideal um and then you were asking about uh customer acquisition so because every time so a conference for example our go to market strategy um is two-pronged conferences and agencies um with conferences they tag you know while hackathon has 100 speakers they tag those 100 speakers and like i don't know about you guys but like most speakers are really vain so um we all want to know where our content is and what happened to it so they click to become a user because they want to know what's happening and so the the invitations to join the platform um for for new users come usually from verified contributors that's our biggest source of user growth and then as far as customer growth uh that falls into the agency and influencer model so agencies have established relationships with you know say an agency has 20 influencers and 10 brands the agency would pay to to have access to those 30 um accounts the content that those 30 accounts puts out and then they would pay a monthly a monthly fee to do that because right now i don't know how much you guys know about um influencer marketing and agencies but influencers online still send screenshots of their instagram data to the to um to their agencies to brands and then it probably goes through two more agencies and then the ceo of company a says okay am i cool now and the graph is always up and to the right so nobody actually learns anything because it goes through everybody's graphical engine that makes it look better so this gives real-time immutable data what what key partners uh do you have to acquire that you have an acquired jet and how's that going so um what do you mean what key partners do we have to acquire so we are in the process of accessing the different social media platform apis um that has proven to be a it's it's usually just a time thing they have no problem um giving us access to the api to publish um and then it's it's correlating the data across those platforms so those are the the the api access to these different social media platforms they are very wild garden but because of our team's um expertise michael has been a journalist for 20 years bill rozitsky our chief revenue officer was the um global vp at adobe in enterprise sales so they we have we're deeply ingrained in in silicon valley and we believe that so the google um verification for example is supposed to take six weeks and we got access to the api in 10 days so or we got our app verified in 10 days so that's just an example of um new partnerships that are to be forged so so you don't have any partnerships that are pending where you have it yes we we as i said i've we've confirmed coindesk in a two-year deal to publish all of their um media so they uh they put out you know four events four massive events a year that generate i think uh consensus generated twenty six thousand hours of course 26 000 yeah hours of content um and then uh from there we are working on two large proposals one with a large media buyer and one with a uh large video conferencing company that i can't tell you about but it's really relevant to this whole webinar thing so i yeah we're um yeah we're working on what an integration with them would look like and uh how did cost scale up with the more content you have coming into your system i mean is it like linear progress on costing or is it algorithmic based on the complexity of the data that you're feeding into the data set itself so the more data points we can get uh correlated so this really quickly the more data points we can get correlated on our end the better the biggest problem that we have is storage so we've actually decided to use sia a decentralized storage option to offset a lot of the cost it takes our aws from ninety dollars a month to five dollars there's that was a great way to finish jenna good job you got the numbers in the end nice work great question too by terrazz uh from the wings all right um engrave right ahead we're ready for the engrave demo and the 10 minute q a to finalize the final four bracket are we good to go on production and roll the engrave show-and-tell let's play it 44 000 ethereum that's how much my previous project was hacked for as you know this is not the only case that's why we created engrave our mission is to empower you to truly own your cryptocurrencies in a secure and intuitive way unlike traditional hardware wallets that still need a connection imagine one where all connectivity is removed no wi-fi no nfc no bluetooth no usb we did it and we call it the angry zero we removed all online vulnerabilities your keys are never exposed ever even if someone gets their hands on your xero the device is designed to detect any intrusion and it will wipe all the keys we developed our solution with world leading institutions and our secure firmware has earned a certification higher than banks that's how serious we take security transactions are made swift and simple using our mobile app and qr codes scan a transaction request verify and sign it offline and send the signed transaction back to the blockchain your phone has zero information on your private keys but it doesn't stop there if you lose your hardware wallet you need a timeless backup therefore we created the engraved graffiti no more paper wallets from now on you can recover your keys from our stainless steel encrypted puzzle the producer solutions to ensure a great customer experience we involved the end user throughout the entire process because of our journey we deeply understand the need for quality assurance which is why we make our products in belgium the heart of europe never settle for less it is here and now that you can take control of your money control of your identity blockchain is just getting started no more collusion decentralized technology is nothing without the people nothing without the resonance of our everlasting disagreement with the status quo to accelerate adoption we need a revolution in empowerment something more secure something more convenient this year this month this day start truly owning what is yours and it all starts with zero and graphene we are ready to secure the world are you ready real question is are the judges ready to finalize these questions oh yeah well ready or not here i come [Laughter] um you know great technical product and i take the point about wanting to cross over from the hardcore to the grandmother crowd but it's very difficult in my experience to explain that value proposition to uh the grandmother crowd why they should be worried about this and why this is going to not only solve a problem that's kind of like selling insurance but make their life easier how do we how do we do that so your question is how do we sell this device to the grandma in the room well let's say to people who are not as you move from the people that really care about this yes whom you've struck a great resonance with um how do you cross over into that mainstream and again i ask it as a a sincere open-ended question huh how are you going to sell to that broader group yep now it's a great question and i think it basically comes back to the overall adoption curve of blockchain as a whole as well because we're talking about a problem that people don't even know they have in most in let's say in the traditional world yeah and especially if you look at belgium where we're from uh where it's three at night and i'm trying to stay awake to answer your questions um the the problem for example in our country is that if we go about and talk about this product or if even if i go and i give university lectures about blockchain about cryptocurrencies the first thing i always ask is who's heard of this and the the answer is maybe one person in the whole room uh lifts up his finger and the truth is that in our in our country people are very very uh risk averse so it's already difficult for them to invest in in stocks in ets let alone in crypto so the question you're asking is for us basically even going as far as how can we sell this to let's say an audience that is in the us and that's which a few percent of the population already have heard of it know about it maybe owned it to how do you sell it to a country like belgium where it's very risk averse and then again how do you sell it's not to the tech savvy but basically to the the the people who at some point will need it and i think this will have to follow the adoption curve of crypto today we are basically even early in the market as we think about tokenization uh tokenization so basically assets moving to the blockchain we're talking about a few billions of dollars that have actually done that if we think about what mckinsey and bcg and their research are projecting for the next years they're seeing an increase from a few billion dollars to over 30 trillion dollars in the next eight years and we're talking about not only your bank account will be on the blockchain but your real estate your diamonds your gold today we are already working with the diamond industry in belgium we're working with gold stable coins and so on to basically protect what is going to be on the blockchain but through this today it is not on the blockchain so i think while you're asking the right question you're asking it at a moment that we are actually way ahead of the market we today have to secure let's say end users but even if you think about b2b facebook is going is coming up with a libra it's a year around a year ago they they're still nowhere and it's all because of this adoption curve that is lagging behind the fact that we are already here and so while i'm your question is one of the best questions you can ask because at some point this will become super relevant and that's why we already thought about it today and so we have built uh a solution that is so secure that we can actually start saying security is a hygiene factor we no longer have to talk about security now we talk about user experience and that's exactly how our product is built we build it even with people who had nothing to do with blockchain i actually asked my mother to to use this device and and see what she she thought about it and she actually told me like what is so special about it it's so easy it's so simple uh and that's the exact goal of what we had in mind people don't need to know it's cryptography they don't need to know it's blockchain they don't need to know anything about that but they need to know that if their data are online or their assets are online that they are available and more specifically the private keys if the private keys are not online then it doesn't matter you can have everything online you can have real-time consultation of your wallet you can sign transactions and you can have peace of mind and that's the only thing what matters for the end user so i believe we are going to get there over time and we already think with that in mind but today it's not about convincing the grammars it's about convincing the people who have cryptocurrencies and are actually um having problems with that security those are the people we sell to today the grandmas and let's say general population are people we will sell to in the future uh how do you deal with the uh super micro issue that happened recently with the major chip manufacturers on the motherboard manufacturers where uh the hardware itself is tampered with so that there's spyware incorporated yep yeah so that that's also a part that i answered in the in the previous round yes so we actually are the only solution right now that effectively and transparently takes out these back doors and we do that in a very transparent way and we actually include external factors to the key generation process so it's not just the internal cheat that creates the key it's the chip together with you in real time who is creating the is actually creating the private key and that's crucial because otherwise you already fail at the first step and all of these existing solutions they make these online or they make keys from purely the internal chip which is backdoored so exactly a very good point these solutions are basically already starting from the wrong position go ahead no no okay does it only work with bitcoin right now or are there other coins that it works with and how does it how do you add them yep the beauty is that we actually have um um also thought about let's say the memory which is also a problem with the existing solutions so with us it's in the gigabytes we have no limitations when it comes to cryptography we have everything already in the device if we talk about that suppose quantum cryptography then we can update the device through firmware updates which we've done through a usb connection that is basically completely sandboxed from the rest of the device so um that's also why we certified the device el7 the high security certification in the world and i have to stop yeah all right that was great so judges it's binary we're coming down to the final 10 minutes of this awesome event thank you guys so give me the uh give me the the goods was it stream bed who won this round or was it in grave put them in the chat for me we'll rapidly do that i've got wow i've got streambed with a four to one take so i i would call that an upset but i am uh i am that's why i don't judge so that's uh that's that's awesome so we're gonna keep um this going right away and the chicken is killing me um congratulations jenna so that means that the next round is engraved against vinter the battle for european supremacy is upon us that's awesome so um our swing vote for the battle for europe is going to be uh amy and then our swing vote for the finals uh between stream bed and true reply will be uh connor so let's tee up the rap battle all right so here's how this is gonna go judges you're just gonna sit back and watch and you're gonna decide again who you think won this round and who deserves it overall this is a battle for uh an extra 500 the the loser of this battle will walk with two thousand the winner of this battle will take bronze and twenty five hundred uh us dollars um and uh we're gonna be queued up so i've got marco and i've got ruben and here's how it's gonna go guys please set the clock to five minutes that's okay we're i'm looking at it all right guys so what i'm going to do is i'm going to start with vinter because i'm gonna give ruben a second to to catch his breath after that awesome uh flurry there and what i'm gonna do is i'm gonna give you a number and it's gonna be somewhere between 10 seconds and 60 seconds and we're just going to run this clock down to zero you don't know what you're going to get and i'm not going to give you the same thing at any given time and it's all off field you just have to sell me in that time period and the judges on why we should pick you so anything's fair game uh are we ready judges competitors are we ready yeah all right marco i'm going your way first you have 15 seconds clock goes now okay so we learned that buying indices takes a long time for funds and asset managers and that's why we are selling indexes like you sell a subscription so as the market grows we're gonna upset the incumbents we're gonna disrupt them because they sell the old slow way all right reuben go 30 seconds uh because for the first time in history it is possible for everyone including the judges and the people in the audience to start truly owning what is yours and this is thanks to engrave i didn't use all this time all right uh 30 seconds go marco okay and also i want to acknowledge that uh both winter and engrave are companies that i see really stringent we work to grow the market and our goal is to grow with the market just as engraved so this is just a run for both all right you guys aren't using all your time you got to come up with longer sound bites 60 seconds reuben get take us to three minutes uh yeah so our vision is that everybody in the world which are poor is empowered and able to truly own what is theirs if they invent something even if they live in a village in africa they should get married for that blockchain allows for that by recording it in universal ledger these people need access to that ledger and that's what we aim to do um and we aim to get get a universal wallet to everybody we start in sort of a tesla model where we basically uh start with let's say a solution that is more expensive than what i have today in the markets or that is also uh close to perfection and we kind of have to run down to let's say the model e and so on to be able to give also everybody in the world basically access to um an interface with the blockchain where they can actually own their own assets you got 10 more seconds how do you want to use them or you want to pass them sure so for us it's really about pioneering and perfecting digital protection so that people can take through ownership of what is theirs awesome marco take us to two minutes absolutely so if we look at the market right now we have some of the incumbents msi footsie smp they don't decrypt us they do today but then we have players like and this cf benchmark we see that this market is growing they are great see if benchmarks they were acquired by kraken last year for 100 million dollars and they do exactly basically what we do so uh this is something that tells to the potential of this market and this is something that helps to the potential of this third category of collective investments in crypto products a way to go from being something for crypto nerds like us people here to a bit more mainstream to the actual institutional funds to making it as normal as investing in any other assets making it as as accepted as investing in any other asset because doing that is the only way we can actually grow this market all together all right reuben tell us how you guys collectively can make the world a better place starting in europe 30 seconds take us to the 20 20 second mark uh yeah um yeah so i think we have to take a step back and think about um let's say the audience we have today right everybody who has cryptocurrencies and i think everybody here in the room likely has some or at some point had some uh knows what it feels like to go on an exchange if you go on an exchange or any of these online platforms let's say an exchange um the first thing you do is you you go and look at your balance and not to see how how much it is and if it's increased or decreased but if it's still there and that's the itchy feeling the anxiety we all have and that's the one thing that that's what sorry robin marco oh sorry yeah sorry marco final final 30 seconds take us final 30 seconds sell the judges sell america sell the world sell wyoming if you believe in crypto you will need to have traditional finance to get on board and we will be this bridge for traditional finance to finally get into the world of crypto and to blockchain assets we will increase volume in the assets we will increase acceptance in the assets and assets and that is something that is of crucial importance well the liquidity raises people accept it and that goes down to to the core we will crypto be relevant that's the grand question that we want to have a resounding yes to and that's why we exist ruben finishes off buddy take us home tell us why they got it wrong and you should be in the finals 20 seconds finish this off yeah i want to add to that so if you believe in crypto that means you need to think about the adoption hurdles and the biggest one today or the biggest ones are security and user experience and those are exactly the two that we take away all right well there you have it guys the rooster didn't even need to go judges put it in there who who takes third in the in your mind these guys were working hard it's three in the morning 3 15 in the morning give them a hand just give them a hand for them so they can hear it it's not easy to do this in general let alone when you're on fumes so i've got engraved engraved vinter engraved vinter by a stroke of one belgium beats sweden but it was wonderful to have you both here god bless you guys thank you guys so much i love your projects i love what you're doing and um wyoming and and sandcastle thank you for being here congratulations uh for the effort if you want to go to bed we understand but we got one last battle 10 minutes we'd love everybody hang in there all right let's queue it up i've got jenna and jose in the screen final battle i'm waiting for the uh the team to tell me we're good to go okay you guys ready all right all right i'm going to jenna first you got 20 seconds pitch me uh so streambed is an inclusive environment for everyone um anyone can participate in the streambed network anyone's network can be valued as a user um and we don't discriminate based on uh price all right jose she gave you extra time take us to the bottom of four four minutes all right reply is the squarespace meets hubspot of voice and what that basically means is that we enable anyone to launch a voice app within 15 minutes and that single sentence has profound implications across markets across segments especially in a world like today where no touch is super important voice is that next interface and to reply has enabled anyone from the uh researcher in idaho to the farmer in ohio to be able to launch a voice app um without having any technical knowledge and be able to create that communication that relationship with customers and people that they make all right stop jenna 60 seconds or 56. um so streambed is a way to empower people to um lend their audiences to the causes that matter to them so what i was talking about our um consumer marketplace is that companies are actually offered the ability for the first time ever to connect directly to consumers um they're able to sell their data to um corporations that they are verified purchasers of that they um publish about regardless of what their follower count is or how many views they get on their videos we measure based on engagement rate and we measure based on a specific set of metrics that determine whether a person is real or not immutable data is needed in this this era of social media fake news misinformation we need um we need a reputation layer for the internet we will serve a key web 2 trans web 2 to web 3 transitionary role in being a tool that both provides immutability to the existing providers um and provides publishing so jose 20 seconds go while the front end and the voice is only part of the experience the other side of true reply is the understanding and data collection side where we hit multiple levels of reporting in real time where you can not only see what participants are saying see what engages they're doing but you can actually analyze that data stop 10 seconds jenna go we use the blockchain jose 30 seconds go we bring the blockchain to the masses simply through our voice rewards program which is powered and enabled by to reply anyone in their homes from budapest to to canada can earn bitcoin litecoin or ethereum using justifier of their voice to take surveys answer questions and get paid all right 45 seconds jenna you got 12.5 on the line go our companies pay us in dollars and we pay out in dollars so as the tick tock creator fund works and as the um facebook contributor feed works um our customers will be able to directly connect with those who are verified purchasers those who are who are publishing already about the brands that you like why should my instagram post that i'm wearing lululemon on this on the street and my friends engage with with it um not be valuable data to a company in effect my closest relationships being able to quantify my closest relationships with this multi-tier data structure um those are the most important relationships who do you go to when you need to buy a new tool i go and ask my dad he's not a hammer expert okay go you got 50 seconds to do next completely device agnostic we don't care who wins the device war whether it's amazon alexa bixby or that mercedes-benz ai that's coming out any of those devices can be plugged into our platform within minutes and we enable anyone to reach out and connect with people with those platforms that means that tesla and amazon announcement that was just made today you can launch a voice app tomorrow with someone who is stuck in traffic in their tesla being able to interface with your brand being able to give you data being able to give you responses being able to experience whatever your brand's about just with the power of their voice finish this off jenna take it home it's yours to win or lose so streambed is based on a public index and public indices are the foundation of a free internet public indices are the way that we will take back the internet from um web 2 wild gardens that seek to destroy it um web web 3 um apps need a transitionary tool like streambed to gain uh to gain user adoption to gain um traction in the markets so that they can validate um validate that all of these protocols this whole protocol where that is going on we are agnostic to the protocol war because we can act as a service provider to help the hootsuite sprout socials of the world move over to a blockchain based system that is both fair private and can compensate people for the data that they actually create it's not about compensating creators it's about compensating normal people for the content that they create that's it all right judges put it in you're picking one and two who won i need to know who won jeff burton's got true reply terrass streambed connor streambed stornetta streambed it's an upset stream man takes the title wow michael casey unbelievable guys thank you so much that was awesome i did not see that coming jose jeremy unbelievable we love you you know that been watching your project for years now thank you for being here um truly to everyone uh i see sindhu and i see uh the the other teams that have been eliminated still here watching and and i can't thank you guys enough um for being here and uh for those in india for those in europe competing great experience great experience chris thanks please get some sleep and um we're here for you let's set you up in wyoming let's open some distribution for these european and indian deals out on the americas and for the rest of you we'll bring canada too for all the judges thank you blue oceans happy to hand you out all the checks thank you blue ocean thanks martin thanks will and wbc thank you for making it all possible good night everybody that's a wrap thank you good night thank you congrats to everybody thank you good night thanks folks

Channel: WyoHackathon

Views: 37

Rating: 5 out of 5

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Id: Vjw9oxFdoG0

Length: 140min 59sec (8459 seconds)

Published: Sat Oct 03 2020