Cross Chain Coalition, a San Francisco-based firm dedicated to advancing the efficiency, safety, and scalability of blockchain networks, recently announced its 12 finalists in their Web3 Demo Day event. The event provided an opportunity for new startups to showcase their innovative ideas and make a name for themselves in the blockchain industry.
Two of these startups include DEX, a DeFi project dedicated to helping users make digital asset exchange on platforms, and Alvarium, a decentralized digital identity solution platform. Both of these projects have the potential to revolutionize the blockchain space and bring more efficiency to the digital asset market.
The DEX project seeks to make the digital asset exchange process easier and safer to the user. They will aim to offer a wide selection of digital assets, with an enhanced user interface. Additionally, DEX will create a fee and risk-sharing pool for their partners, enabling them to benefit from the DeFi services the platform offers.
As for Alvarium, the platform looks to provide an easy-to-use, secure, and decentralized solution for digital identity and authentication. They are developing technology that will help users protect their personal data from criminals, protect their privacy, and simplify the authentication and verification process. The platform will also offer features such as KYC and open banking integration, making the customer onboarding process infinitely faster and more secure.
These two startups present viable possibilities for the future of blockchain technology, offering alternatives to the existing, inefficient protocols. If you’re interested in learning more, be sure to check out the Cross Chain Coalition Demo Day event, or keep an eye out for these startups and their potential achievements.