TechCrunch Summary (2023-05-17 12PM)

Source: Your first look at Alliance DAO’s latest cohort of web3 startups

Summary
Alliance DAO’s ALL10 cohort of 16 web3 startups presented their ideas on demo day, with a focus on improving various crypto sub-sectors such as the Bitcoin network, appchains, real-time blockchain data, and AI integrations. Most startups are building on the Ethereum ecosystem, although some are using other EVM-compatible chains and technologies such as Solana, Filecoin, Chainlink, Sui, and Bitcoin.

Facts

🚀 Teablocks is developing a platform that provides ChatGPT for blockchain data, using blockchain data and custom AI agents to turn raw data into “something more-readable”.

🔒 Appchains and rollups-as-a-service are among the popular crypto sub-sectors that the ALL10 cohort is exploring.

👥 Only 16 startups were accepted into the Alliance DAO program from 1,692 applications, up 77.5% from its previous cohort, with the majority of startups building on the Ethereum ecosystem.

🤖 AI has the potential to fundamentally change crypto games, on-chain analytics and off-chain computations, according to Qiao Wang, a core contributor at Alliance DAO.

💰 Tensor, a part of Alliance DAO’s ALL9 cohort, recently raised $3 million in March and is already close to becoming the biggest Solana-based NFT marketplace based on market share.

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