Thursday, March 23, 2023
cryptonews100
No Result
View All Result
CryptoNews100
No Result
View All Result
Home Alt Coins Cardano

SMU Team bags US$100,000 in seed funding to develop NFT platform in international hackathon

cryptonews100_tggfrn by cryptonews100_tggfrn
November 10, 2021
in Cardano
0
SMU Team bags US$100,000 in seed funding to develop NFT platform in international hackathon
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
spot and derivatives trading, low fees! Use VPN to Spain if in US.


Explorie began as a ardour mission by SMU college students Weng Haishi (College of Social Sciences), Jonathan Chow (College of Computing and Info Methods) and Slevin Chua (Yong Pung How College of Legislation). It’s a Non-fungible Token (NFT) platform that serves as a advertising device for Small and Medium Enterprises, with related workings because the viral sport “Pokémon GO”. Companies can concern geo-tagged NFTs to appeal to customers to their retailer, and NFTs could be in the type of vouchers, collectibles, and digital artwork. The thought happened when the crew realised that many companies had been struggling by way of the pandemic.

In July this yr, the crew took half in Hack Cardano, a hackathon organised by the launchpad, Cardstarter which goals to incubate revolutionary tasks constructed on the Cardano blockchain. Groups of all sizes, nationalities and expertise competed for the grand prize of US$100,000 in seed funding, in addition to a possibility to be incubated in the Cardstarter accelerator program. Over 50 groups participated in the occasion, with finalists from the USA, Europe, South East Asia and Africa.

Team member, Weng Haishi mentioned, “We determined to participate in this occasion as a result of the crew are long run believers of the Cardano blockchain. Its ethos of “making the world work higher for all” resonates with the crew.”

The judging course of consisted of three phases, the primary being ideation. The crew introduced a pitch deck detailing their enterprise concept, implementation course of, finance and advertising plans. The highest eleven groups proceeded to the second stage; technical implementation. They submitted a whitepaper detailing the technical structure, minting means of NFTs in addition to good contract particulars. Six finalist groups had been chosen for the ultimate stage the place they introduced their tasks to the judges and answered technical questions.

After an intense month of coding, presenting and writing, Explorie emerged the champion of Hack Cardano 2021.

Haishi mentioned, “We consider that our win could be attributed to the novelty of the thought, technical information of the crew, in addition to sound advertising and finance plans. All through the method, we had been in a position to apply information gained in SMU to craft our Minimal Viable Product (MVP). One vital module can be MGMT218: Entrepreneurship and Enterprise Creation. We learnt key theories such because the “chicken in hand” precept in addition to steps to making a viable marketing strategy. In MKTG 207: Advertising and marketing Technique, we learnt the steps to making a synergistic advertising plan.”

Shifting ahead, the crew is conducting market analysis and has rebranded “Explorie” to “Catch”. They’re additionally liaising with Cardstarter to elevate an extra US$1.2 million by way of non-public and public gross sales. The funds raised can be used to refine their MVP, provoke advertising campaigns in addition to present liquidity throughout Decentralised Alternate (DEX) itemizing. The “Catch” app is scheduled to be launched in Q1 2022.

 

 



Source link

Related articles

Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

$ADA: EMURGO and Bitkub Exchange Join Forces to Boost … – CryptoGlobe

March 23, 2023
Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

How Cardano [ADA] shrugged off losses, extended growth hike across board – AMBCrypto News

March 23, 2023
Tags: bagsdevelopfundinghackathoninternationalNFTplatformseedSMUTeamUS100000
Share76Tweet47
kucoin-exchange

Related Posts

Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

$ADA: EMURGO and Bitkub Exchange Join Forces to Boost … – CryptoGlobe

by cryptonews100_tggfrn
March 23, 2023
0

$ADA: EMURGO and Bitkub Exchange Join Forces to Boost ...  CryptoGlobe Source link

Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

How Cardano [ADA] shrugged off losses, extended growth hike across board – AMBCrypto News

by cryptonews100_tggfrn
March 23, 2023
0

How Cardano shrugged off losses, extended growth hike across board  AMBCrypto News Source link

Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

Why is Cardano price up today? By Cointelegraph – Investing.com

by cryptonews100_tggfrn
March 22, 2023
0

Why is Cardano price up today? By Cointelegraph  Investing.com Source link

Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

Crypto Price Today: Bitcoin tops $28,000; XRP, Cardano, Dogecoin rally up to 21% – Business Today

by cryptonews100_tggfrn
March 22, 2023
0

Crypto Price Today: Bitcoin tops $28,000; XRP, Cardano, Dogecoin rally up to 21%  Business Today Source link

Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

Cardano (ADA)-Based Stablecoin To Migrate to Ethereum (ETH), Binance Smart Chain and More, Says COTI CEO – The Daily Hodl

by cryptonews100_tggfrn
March 21, 2023
0

Cardano (ADA)-Based Stablecoin To Migrate to Ethereum (ETH), Binance Smart Chain and More, Says COTI CEO  The Daily Hodl Source link

Load More

Crypto Fear & Greed Index

Latest Crypto Fear & Greed Index

Recent News

Solana (SOL) Falls 0.02%, Underperforms the Crypto Market Thursday – InvestorsObserver

Regulation still key for the evolution of CeFi: Paris Blockchain Week – Cointelegraph

March 23, 2023
How blockchain can help reimagine a new state in Africa

How blockchain can help reimagine a new state in Africa

March 23, 2023
What lessons has the Bitcoin community learned?

What lessons has the Bitcoin community learned?

March 23, 2023

Categories

  • Alt Coins
  • Bitcoin
  • Blockchain
  • Cardano
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Elon Musk
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Pokadot
  • Polygon
  • Shiba Inu
  • Solana
  • The FED
  • Uncategorized
  • VeChain
  • XRP

Download the official CryptoNews100 Android App! Click the button below:

Tags

ADA (623) Big (588) Binance (374) Bitcoin (4275) blockchain (1046) BTC (713) Buy (508) Cardano (1451) ChainLink (491) coin (903) Cointelegraph (433) crypto (4078) Cryptocurrencies (499) Cryptocurrency (1814) Cryptos (401) DOGE (756) Dogecoin (1924) Elon (490) ETH (580) Ethereum (2362) eyes (464) Heres (403) Inu (1474) investors (412) Litecoin (707) LUNA (375) market (1414) Musk (410) News (1462) NFT (474) Polkadot (635) POLYGON (782) prediction (516) price (2396) prices (407) Ripple (501) SHIB (562) Shiba (1507) Solana (1177) Terra (418) today (646) token (507) top (766) VeChain (729) XRP (893)

© 2021 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Alt Coins
    • Cardano
    • Dogecoin
    • Litecoin
    • Pokadot
    • Polygon
    • Shiba Inu
    • Solana
    • XRP
    • VeChain
  • Market & Analysis
    • Blockchain
    • The FED
    • ICO
  • Profit with Crypto
    • Crypto Exchanges
    • Crypto Interest-Earning Accounts
    • Crypto Retirement Accounts

© 2021 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.