From: thepipeline_xyz
Monad Labs is rapidly building out its blockchain and fostering a vibrant ecosystem, as highlighted during the second annual Monad Madness event in Bangkok [00:00:26]. The event showcased a diverse range of projects looking to leverage Monad’s capabilities, emphasizing the network’s commitment to innovation, community, and mass adoption [00:44:04].
Monad Madness: A Showcase of Innovation
The Monad Madness competition in Bangkok brought together 25 teams from various sectors, including consumer, DePIN, AI, DeFi, and infrastructure [00:00:43]. This marked the second iteration of the event, with the first held in New York, collectively offering over a million dollars in prizes [00:01:00]. The event drew a large audience both live and remotely, with several hundred people tuning into the live stream [00:01:15]. Audience participation was encouraged, with votes determining several of the competition’s prizes [00:01:34].
The competition featured:
- 25 Amazing Teams: Selected from over 200 applicants for Monad Madness Bangkok [00:03:10].
- Diverse Categories: Projects spanned consumer, DeFi, social, gaming, and more [00:00:48].
- Expanded Prizes: Including first, second, and third place, three community prizes, and a new cohort prize determined by competitors’ votes [00:03:44].
- Esteemed Judges: Seven industry experts with deep experience were part of the judging panel [01:53:53].
Leadership and Vision
The event was hosted by Danny and Tina from the Monad team [00:00:36]. Key figures from Monad Labs, CEO Keone Han and COO Eunice, addressed the audience, expressing excitement for the future of the Monad ecosystem [00:02:02].
Keone Han emphasized the crucial role of Monad’s community and culture:
“Community is everything. Community is what has made Monad what it is today and Community will continue to be the force that drives Monad forward and drives this industry forward” [03:50:53].
He offered key takeaways for builders and developers in the Monad ecosystem:
- User Acquisition and Retention: Crucial for success beyond just building a great product [03:52:13].
- Skate Where the Puck is Going: Anticipate and predict secular trends in technology to inform design [03:52:52].
- Offer Value: The core of any product must deliver ultimate value to the end-user, with incentives accelerating but not replacing this flywheel [03:54:08].
- Regional Go-to-Market: Importance of local strategies and IRL connections for growth [03:55:19].
- Short-term and Long-term Strategy Harmony: Building initial momentum and demonstrating operational excellence alongside a big long-term vision to unify the team, investors, and community [03:56:03].
Projects Building on Monad
Several projects expressed their intent to build on or integrate with Monad, citing its technical advantages:
- Dusted: A token-centric chat platform, looking to launch on Monad due to its capabilities [01:39:53].
- Ever Network: A decentralized healthcare data storage protocol, explicitly building on Monad [01:17:15].
- 42: A decentralized AI protocol, selected for the first cohort of the Monad accelerator, gaining access to engineering talent and becoming part of the vibrant Monad ecosystem [02:59:07].
- G: Building an economic layer for AI and compute, looking to leverage Monad’s capabilities for its GPU-backed assets [03:33:42].
- Gifted.art: An email delivery platform for on-chain goods, planning to build on consumer-focused chains like Monad [04:08:08].
- Jigsaw Finance: A CDP stablecoin protocol, emphasizing alignment with ecosystems like Monad [05:08:50].
- JoJo World: A decentralized AI 3D data platform, attracted by Monad’s high TPS, low fees, and EVM compatibility for large-scale spatial 3D data transactions [01:04:51].
- KY: A social media betting app, stating it needs high throughput like Monad to scale [01:13:00].
- LootGo: A walk-to-earn mobile app, choosing Monad for its high TPS, easy embedded wallet, and easy on-ramp features, aligning with the community-centric growth and meme coin ecosystem [01:21:18].
- M10: A next-gen video game publisher and developer, highlighting their “incredible relationship with Monad” as a low-friction, fast L1, and integrating the Monad community into their game [01:27:07].
- Monart: An IP powerhouse transforming crypto IPs into consumer products, emphasizing the need for a high-throughput blockchain like Monad for its protocol [01:36:47].
- Monorail: An aggregator for optimized trading, stating “Monad is our home” and building from the ground up to integrate AMMs and order books seamlessly on the chain [01:47:37].
- Moood Digital: Bringing corporate lending on-chain, looking to integrate with Monad’s ecosystem and meet more builders [02:07:07].
- Mosy: An infrastructure for lossless crypto experience, planning to launch on Monad’s testnet and mainnet, aiming to boost Monad’s TVL and network strength [01:58:44].
- Paper Plane: A lifestyle app, aiming to bridge liquidity into the Monad ecosystem and other web3 protocols to generate revenue and gather authorized on-chain data [02:16:31].
- Primus: A cryptography technology provider, willing to collaborate with Monad for co-hosting to enable innovative applications [02:25:16].
- Pi: A liquid stake bonds and yield exchange, planning to launch on Monad after Solana [02:44:14].
- Pulse: A DePIN network powered by native wearables, noting their engagement with the Monad Community in fitness competitions and their 150k sales from the crypto-native community [02:35:35].
- Rare Bet Sports: A sports betting platform, highlighting Monad’s blockchain for enhanced payouts and creating an economy for infrastructure partners [02:53:53].
- Score: An elite-level analytics platform for football, citing the need for Monad’s speed of execution and scale due to the millions of data points generated per match [03:00:39].
- Sendspace: A judgment-free social platform, viewing Monad as an interesting opportunity due to its global reach and consumer focus, especially in Asia [03:11:13].
- Sky Trade: A marketplace for monetizing airspace, looking to scale and migrate to EVM compatible blockchains like Monad, which are “pretty fast” [03:16:37].
- Spark: An adrenaline-packed sports brawler game, highly focused on integrating traditional gamers into web3, seeing Monad as a low-friction, super-fast L1, and collaborating closely with the Monad community [03:27:06].
- Talentum: A tool for user acquisition, choosing Monad for its rapidly growing community, low gas fees, and fast transactions, which are ideal for handling large amounts of data in real-time [03:35:06].
- Totem: An AI DePIN network, planning to upload anonymized data on-chain through Monad’s fast throughput [03:41:32].
The Monad Ecosystem
Despite being pre-testnet, the Monad ecosystem already exhibits significant energy and engagement [02:41:40]. The growth of the Monad ecosystem is a team effort, with contributions from individuals, builders, and community members across the globe [03:53:51]. Monad blockchain development aims to bring more liquidity, reduce slippage, and optimize the trading experience [01:44:55]. The diverse range of applications, from DeFi to consumer and AI, gives a lot of excitement for the future of the Monad ecosystem [01:54:21].