「EN」 Highlights from ABCDE BTC Demo Day: 7 Out of 51 Projects Secure Potential Investments

On November 25th, ABCDE hosted the BTC Winter Demo Day in collaboration with Waterdrip Capital, OKX Ventures, and OGs Fund. A total of 51 projects applied, out of which 7 projects secured potential investments.

Here is an overview of the shortlisted projects:

• The project tracks encompassed Layer2, RGB, Lightning Network, Taproot, Ordinals, BRC20, Stablecoins, and Lending Protocols, etc.
• Project teams came from around the world, including regions such as Singapore, Hong Kong, the United States, Russia, and Hungary.
• Notably, 82% of the founders were serial entrepreneurs with extensive coding experience.

Below is a list of the projects showcasing on the Demo Day:

O4O3

• One-liner: O4O3 — Where Bitcoin meets Fintegra
• Introduction: O4O3 is the first platform on the Bitcoin blockchain to offer native lending and stablecoin integration.
• Team Backgrounds: The O4O3 project team boasts extensive experience in Web3 development, blockchain technology, and tokenomics. The team includes top developers in decentralized storage and second-layer solutions, with expertise in programming languages and smart contract execution. Additionally, there are experts in the blockchain DeFi space who excel in combining mathematical analysis with tokenomics to drive innovations in areas such as insurance, trading, and first-layer/second-layer operations. The team’s collective experience from previous work in high-frequency trading, IoT, and e-commerce provides them with ample innovative development capabilities.

Bitmap Protocol

• One-liner: Building the core protocol and user community for Bitcoin Layer 1 and bringing liquidity to Layer 2 scaling solutions.
• Introduction: Bitmap is one of the largest ecosystems on BTC, providing users with greater convenience through the Bitmap browser, on-chain engine, editor, and trading marketplace. Bitmap Protocol (BRC-420) combines Ordinals assets on Layer 1. The next plan is to migrate users, assets, and asset issuance from Layer 1 to a more native Layer 2 solution, attracting more liquidity.
• Team Backgrounds: The team has experience developing metaverse applications with 40 million global users in the Web2 space and constructing open-source development engines on-chain. They are serial entrepreneurs.

Veda

• One-liner: BTC smart contract extension based on Ordinals.
• Introduction: Veda is a lightweight BTC smart contract extension based on Ordinals. It allows off-chain EVM state indexing using BTC’s on-chain data without altering the current Bitcoin consensus.
• Team Introduction: The Veda development team comprises passionate developers and technical experts focusing on Web3 and the Ethereum ecosystem. Team members have worked for prominent mining hardware manufacturer Canaan. Over the past few years, team members have participated in various well-known projects, developing networks and test networks and assisting in improving network and tool-related issues. The Veda team is committed to advancing BTC’s smart contract extension and promoting the development of the BTC ecosystem.

BitMask

@BitMask_App

• One-liner: BitMask Wallet: Your Gateway to DeepWeb3 on Bitcoin.
• Introduction: The Browser Extension for Decentralized Applications on Bitcoin. Access Bitcoin Finance, NFTs (UDAs) and more using RGB protocol, with full financial sovereignty enabled through our taproot-enabled Bitcoin and Lightning Network wallet.
• Team Introduction: Founder and familiar CEO Gideon Nweze, originally from Nigeria and educated in Russia, has established the first Bitcoin digital asset marketplace using the RGB smart contract protocol and the Lightning Network in Silicon Valley. Gideon holds degrees in nanotechnology and microelectronics engineering with a minor in physics. He previously created the World Blockchain Hackathon and Babylon projects, attracting a development community from 69 countries with an audience of 2.4 million people. Chief Technology Officer Jose Robles is a physicist, Rustacean, Pythonist, and Bitcoin developer residing in Spain.

Bison Labs

• One-liner: Pioneering a zk-rollup on native Bitcoin to revolutionize DeFi, offering unparalleled speed and security in trading.
• Introduction:Bison Labs is a ZK-rollup project leading the future of native Bitcoin DeFi, offering fast and secure transactions with full DeFi functionality. Bison’s solution uses zero-knowledge proofs and Ordinals for fast and secure transactions, with all data anchored back to Bitcoin for enhanced security. They believe they can achieve 2,200 transactions per second with fees 36 times lower than Bitcoin.
• Team Introduction: The team possesses deep expertise in blockchain technology, particularly with team members who have contributed code to Starknet.

B² Network

@BsquaredNetwork

• One-liner: B² Network, the most practical Bitcoin Layer 2 network.
• Introduction: B² is a Bitcoin Layer 2 network achieved through ZK Rollup and Bitcoin’s on-chain logical gate commitment verification mechanism. It aims to address Bitcoin’s scalability challenges while preserving its core principles of decentralization, trustless operations, and a transparent ledger. The network is compatible with EVM, developer-friendly, and supports both Bitcoin and Ethereum format account addresses for users, expanding the utility and influence of Bitcoin and its emerging derivative assets in web3.
• Team Introduction: The core members are active contributors to mainstream Web3 open-source communities such as Ethereum, Bitcoin, Cosmos, and Sui.

DLC.Link

@DLC_Link

• One-liner: Use Native Bitcoin in Smart Contracts without Wrapping or Bridging.
• Introduction: DLC.Link utilizes Discreet Log Contracts, invented at MIT by the co-creator of the Lightning Network, to provide a trustless bridge to DeFi on Ethereum without centralizing or pooling assets.
• Team Introduction: CEO Aki Balogh previously founded an AI company that successfully raised $15 million and is also an investor at data company OpenView. CTO Jesse Eisenberg is a former technical project lead at Twitter, MoPub, and Pivotal Labs.

Liquidium
@LiquidiumFi

• One-liner: Bitcoin Layer 1 Ordinal lending platform. (Borrow against ordinals. Earn interest in Bitcoin)
• Introduction: All transactions are securely stored natively on the Bitcoin blockchain. The use of PSBTs and DLCs technology facilitates transactions and secure custody of Ordinals. Since all operations occur on Bitcoin Layer 1, there is no need to wrap Bitcoin or Ordinals.
• Team Introduction: Deeply involved in the Bitcoin and Ethereum ecosystems with a profound understanding of DeFi.

At the ABCDE Capital BTC Demo Day, we witnessed an exciting showcase of projects within the Bitcoin ecosystem. This captivating demonstration marks just the beginning of our exploration into the limitless possibilities of Bitcoin’s future. Special thanks to OKX Ventures, Waterdrip Capital, OGs Fund, Sora Ventures, and Bitcoin Startup Lab for their generous support.

Let’s make BTC fun again!

About ABCDE

ABCDE is a venture capital firm focused on leading top Crypto Builders. It was co-founded by Huobi Cofounder Du Jun, who has been in the Crypto industry for over 10 years, and former internet and Crypto entrepreneurs BMAN. The co-founders of ABCDE have built end-to-end ecosystems worth billions of dollars from scratch in the Crypto industry. Being entrepreneurs themselves, they understand the needs of fellow entrepreneurs. ABCDE has already built listed companies (1611.HK), exchanges (Huobi), SAAS companies (ChainUP), media (CoinTime.com), developer platforms (BeWater.xyz), and more for ABCDE Builders.

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Website: www.ABCDE.com