The Pipeline Knowledge Graph

Monad Madness Bangkok Startup Pitch Competition

10 min read

From: thepipeline_xyz

The Monad Madness Bangkok event, held in Thailand, marked the second iteration of the Monad Madness competition, following its debut in New York [00:00:57]. Co-hosted by Danny and Tina from the Monad team [00:00:38], the competition took place in Bangkok on the heels of other major blockchain events like Devcon and ETH Bangkok [00:02:30].

Participants and Categories

The event featured 25 teams, selected from over 200 applicants [00:03:13]. These teams represented diverse sectors within the blockchain space, including consumer, DePIN (Decentralized Physical Infrastructure Networks), RWA (Real World Assets), infrastructure, AI, and DeFi (Decentralized Finance) [00:00:48]. The presentations were streamed live globally, with hundreds of remote viewers in addition to a live audience [00:01:19].

Judging and Prizes

The competition offered a total of $1 million in prizes across both the New York and Bangkok events [00:01:02]. Prizes included first, second, and third place, along with three Community prizes and a new “Cohort prize” where competitors voted among themselves [00:03:47].

The judging panel comprised seven esteemed individuals with deep industry experience [00:01:53]:

Audience members and live stream viewers also had the opportunity to participate by voting for several prizes, including the Community Choice Awards [00:01:34].

Opening Remarks and Builder Insights

Keone Han, CEO of Monad Labs, delivered opening remarks, emphasizing the importance of the Monad community as the driving force behind the ecosystem [00:02:26]. He also offered insights for early stage founders and builders, highlighting five key takeaways for success [03:51:51]:

  • User Acquisition and Retention: Crucial for product success, emphasizing more focus on this than currently given [03:52:13].
  • Skate Where the Puck Is Going: Anticipate and incorporate secular trends into product design [03:52:52].
  • Offer User Value: The core product must deliver ultimate value to the end user to accelerate growth [03:54:08].
  • Regional Go-to-Market Strategy: Local and IRL (in-real-life) connections are vital, even in a primarily online Web3 space [03:55:19].
  • Harmonize Short-Term and Long-Term Strategy: A strong short-term plan builds initial momentum and brand, while a clear long-term vision unifies the team, investors, and community [03:56:03].

The event showcased various innovative projects:

  • Dusted: A token-centric chat platform addressing fragmented communities and lack of value in crypto chats. It allows users to connect their wallet to access chat rooms for every tokenized asset they hold, offering features like verified holdings, token tipping, and chat treasuries. Dusted aims to serve all token types beyond meme coins, with a projected $15 trillion market by 2027 [06:30].
  • Ever Network: A decentralized healthcare data storage protocol built on Monad. It aims to solve issues of siloed medical records and data centralization by giving users ownership and control over their health data, allowing them to monetize it and potentially be recruited for clinical trials. Ever Network has existing government contracts in Thailand and Indonesia, managing over 10 million patient records across 650+ hospitals [15:50].
  • 42: A decentralized AI protocol focused on scalability by leveraging small language models and excess compute power in user devices. Their “swarm inference” approach allows nodes to collaborate and peer-review responses, aiming for 100x lower inference costs and improved AI accuracy. 42 was part of the Monad accelerator and is preparing to launch its devnet [24:49].
  • Gim: Building the economic layer for AI and compute, enabling a new type of yield-bearing asset backed by real AI cash flow, specifically from GPUs. Gim tokenizes GPUs and their yield, creating on-chain assets for DeFi use cases like lending, borrowing, and structured products. Their co-founder’s company, GMI Cloud, generates significant revenue from AI cloud services [33:39].
  • Gifted.art: An email delivery platform for on-chain goods, aiming to simplify mass adoption by removing the need for wallets or crypto for recipients. It allows sending NFTs, digital art, and tokens via email, providing the first few transactions for recipients. Gifted.art has generated $12K in revenue and sent 3,000 deliveries, with a business model of charging per email and for custom experiences [43:28].
  • Jigsaw Finance: A CDP (Collateralized Debt Position) stablecoin protocol designed for maximal capital efficiency and composability. It allows users to deposit assets like ETH, mint jusd stablecoin, and then farm yields across integrated DeFi protocols like Pendle and Deda. Jigsaw Finance features an “intent-based” infrastructure for simplified user experience and a dual-token system for governance and yield [52:22].
  • JoJo World: A decentralized AI 3D data platform that collects high-quality spatial 3D data from creators and provides it to companies like Google, Nvidia, and OpenAI for training AI models and large world models. The platform incentivizes creators with tokens for contributing data. JoJo World has partnered with major AI companies and aims to reach 2 million revenue by next year, having collected over 1 million raw spatial 3D datasets [01:01:09].
  • Kyz: The first social media betting app where users can bet on creators and influencers based on their content engagement (e.g., tweet views). The app uses paramutual markets and provides real-time tracking and settlement. In closed Alpha, Kyz reported high daily user engagement and organic impressions, with a vision to become the de facto social media betting product [01:09:34].
  • Loot Go: A free “walk-to-earn” mobile app, similar to Pokémon Go, where users collect and earn meme coins by walking. It aims to onboard non-crypto users by providing a fun, free way to start building a crypto portfolio, funded by rewarded ads. The app enables seamless onboarding without worrying about wallets or transaction fees and encourages trading as users gain excitement from potential meme coin gains [01:18:14].
  • M10: A next-gen video game publisher and developer building “Fallen,” a 1v1 competitive shooter with rapid hot-swapping between squads. M10 aims to cater to the “brain rot era” by providing constant action and deep player-driven economy through competitive play and UGC (User-Generated Content). Their business model is “in-app taxation,” where they tax player trades in a vibrant economy rather than selling in-game items [01:27:46].
  • Monart: An IP powerhouse that transforms crypto IPs into consumer products, starting with physical mystery boxes. Monart leverages blockchain for transparency and fairness in rarity distribution, allowing users to buy and trade blind boxes on-chain or through traditional Web2 channels like TikTok live streaming. They aim to turn Web2 users into Web3 users one at a time and plan to integrate IPs with GameFi and other ecosystems [01:36:42].
  • Monorail: A platform building personalized order books that aggregate liquidity from both AMMs (Automated Market Makers) and order books, aiming to optimize the trading experience on Monad. It offers smart order routing for best prices and deeper liquidity, supporting advanced order types like limit orders. Monorail charges a transaction fee and plans an affiliate model to share fees with integrators, with a vision for broader market aggregation [01:45:18].
  • Mosi: An infrastructure for lossless crypto experiences, powered by yield-bearing assets. Mosi aims to make staking more engaging by allowing users to utilize only their earned yield to play games or engage with various financial and social use cases within the Mosi ecosystem, while keeping their principal protected. It supports any LST (Liquid Staking Token) on Monad and plans to launch key product features on platforms like Telegram [01:54:48].
  • Moo Digital: Bringing corporate lending on-chain by allowing users to swap stablecoins for “muon” tokens, which yield an average of 10-12% from high-grade corporate borrowers. The protocol offers permissionless transfers and full composability within DeFi, eliminating access barriers to corporate lending for on-chain capital. Moo Digital focuses on tokenizing APAC corporate lending, a $20 trillion market [02:03:26].
  • Paper Plane: A lifestyle app bridging Web2 and Web3 by rewarding merchants and consumers for uploading consumer data on-chain. It aims to onboard young users by allowing them to pay with crypto (or credit card) at premium venues and earn tokens, leveraging the excitement of token growth. Paper Plane has onboarded 100 premium venues in Taiwan and is piloting in Bangkok [02:12:29].
  • Primus: A cryptography technology provider focused on secure data intelligence, enabling verification and computation of any data in Web3. Primus leverages MPC TLS and ZK FHE technologies to connect authenticated high-value data from Web2 to Web3 and AI applications securely. They aim to provide data verification capabilities for digital goods marketplaces, verifiable data markets, and prediction markets on Monad [02:21:47].
  • Pulse: A DePIN network powered by native wearables that aggregates and encrypts health data (wearables, DNA, blood work) on-chain. Users can then share this data with third parties for rewards, maintaining full control over their private keys. Pulse sold 150K units in 21 days and is targeting productivity hackers and health-conscious individuals, aiming to unlock the multi-modal health data market [02:31:09].
  • Pi Finance: Building liquid stake bonds (LSBs) and a yield exchange. Users deposit Monad with a time lock into an LST or validator and then mint two tradable tokens: “Pmonad” (pegged to Monad) and “Ymonad” (representing future yield). These tokens are collateralizable in DeFi and trade like an escrow marketplace, offering a way to buy assets cheaper than spot or get cash upfront [02:40:37].
  • Rarebet Sports: A sports betting platform innovating on the daily fantasy sports (DFS) framework with a “swipe-to-pick” UX. Participants can bet on player props (over/under) and win up to 100x their entry. Rarebet Sports also developed the RBS Oracle to bring verifiable player prop data on-chain from Web2, which they plan to offer via API to other Monad or EVM projects [02:48:06].
  • Score: Building “Moneyball for the World of Sports” by providing elite-level football (soccer) analytics. Their decentralized network of AI models watches games, extracts data, and fills in gaps with traditional stats, aiming to make insights affordable for all football clubs. Score is already generating monthly revenue from its subnet and powers apps like Harry Kane’s “Cleat Club” [02:57:36].
  • Sendspace: A judgment-free social platform for unlocking genuine human connection. Users log in with an Abstrakt wallet, create a pseudonymous avatar, and engage in five-minute conversations with matched individuals based on interests. After conversations, users earn “send tokens” to purchase “auras” – on-chain attestations of good vibes. Sendspace is testing its alpha version with on-chain communities and plans a native app launch [03:06:40].
  • Sky Trade: A marketplace to secure and monetize airspace, where land owners can register and tokenize their airspace up to 500 feet. This allows them to earn passive income by renting air rights to drone industries or selling them to real estate owners to preserve views or increase building flows. Sky Trade is live on Solana and plans to expand to other EVM-compatible blockchains like Monad [03:14:45].
  • Spark: A sports brawler game where players assume the role of a hero to score and brawl their way to victory, combining elements of League of Legends, Rocket League, and FIFA. Spark focuses on “player well-being” and offers a “web3-enabled platform” called Sparkadia for companion apps like fantasy sports, allowing players to engage with the game outside of direct gameplay. Spark has received full approval and investment from Microsoft for Xbox [03:22:58].
  • Talentum: An ultimate tool for user acquisition in Web3. Talentum unifies Web3 and Web2 data credentials to create a powerful tool for targeting skilled, on-chain verified users in the creator economy. The platform engages users with rewarding activities, evaluates their contributions, and groups them, allowing projects to easily find appropriate users. Talentum is self-funded, has 8,000 active talents, and generated over $100K in revenue [03:31:43].
  • Totem: The first AI DePIN network to unlock the power of daily conversation. Totem is a device that attaches to a phone, capturing voice data and turning it into real-time transcription, translation, and summarization. This data is then encrypted via ZK-proofs and uploaded on-chain as anonymized datasets that users can sell to AI companies for model training. The device is retail-priced at $199, with subscription services and token rewards [03:59:53].

The competition concluded with the announcement of the winners, celebrating the vibrant and growing Monad ecosystem and the spirit of innovation among its builders [03:48:43].

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