Founders and investors, do you ever wonder what is market making in crypto and why it is so important for startups❓

🎓 GOTBIT Ltd is a professional crypto market maker for DEXs and CEXs, that works with many startups and deserved a good reputation among founders. That is why InnMind CEO Nelli Orlova decided to invite them for an interview on InnMind and clarify all the aspects of the market-making activities, strategies and insights.

📅 On June 8th InnMind organises the next online VC pitching session focused on DeFi & Infrastructure startups in Web3 industry.

Criteria for startups:
🎯 Focus: DeFi/Infrastructure
🎯 Stage: Seed/Pre-Seed/Round A
🎯 Geography: Worldwide

You can find already approved startups here: https://bit.ly/3sRr1tO

📢 We invite DeFi/Infrastructure startups and investors who are interested in such startups.

InnMind VC Pitching session is a good chance to promote your company to like-minded people and to find verified and proactive projects for collaboration.

⏩ Contact our Investment Analyst Marc to learn the details of the event: @NasrMarc

🔎 What verticals and protocols are in the top interest of VC investor?

According to recent VC market research by InnMind where we surveyed around 100 Venture Capital firms investing in Web3 and crypto startups, DeFi and web3 infrastructure projects are in the top priorities for professional VCs this year.

This means you can't miss the next VC pitching session, where we will have DeFi and web3 infrastructure startups pitching to most active and prominent VCs in this sector!

❓ Do you know some great startups in these verticals? Send them this post or apply to pitch your startup here
👉https://bit.ly/3sRr1tO

Metaverse of madness: 13 big industries the rise of virtual worlds could disrupt 💥

The eventual shape of the metaverse is far from certain, but underlying trends in how consumers value their digital identities and spend money online are already creating far - reaching opportunities and challenges. According to CB Insights’ Industry Analyst Consensus, the metaverse could represent a $1T+ market by the end of the decade 😃

Have a look at trends in different industries regards to metaverse in recently CB Insights report.
⏩ https://bit.ly/3th0Vkf

KITE DAO - Join The art revolution and the Journey to being a DAO

Want to introduce Redkite project, a participant in one of our pitching sessions.

🚀 Redkite is a platform to curate leading contemporary artists, commission original physical works, NFTs and asset-backed NFTs all within one exciting and innovative space.

➡️ Building a limitless collection of some of the coolest shit in the metaverse and on Earth;
➡️ World-class Artists and specialised collectors need guidance connecting Web 2 -> Web 3;
➡️ Built and trading Luxury NFT platform providing exclusive investment opportunities for highly sort after artist and their development into Web3 and metaverse.

Traction:
🎯 40+ artists signed ready for metaverse and Web 3 representation;
🎯 Owned tech stack built for white label utility complemented by an experienced team to deliver and implement iterations for an extensive range of organisations and celebrities;
🎯 Commissioned fine art and asset-backed NFTs, specifically created for RedKite.

Redkite Profile | RedKite website | Redkite Pitching

📌 Want to get more about the startup? Feel free to contact InnMind investment Analyst Abdul ( @Notanotherabdul ) to request the intro with founders.

Join today’s session at 17:00 CEST on InnMind Youtube Channel. The session is dedicated to DeFi & Infrastructure startups.

⏩ https://youtu.be/03cUCi93cvg ⏪

At the session, you will watch the pitch of these startups:

🚀 MetaVoice AI
MetaVoice is web3 app that allows you to change your voice in real-time to another one using Artificial Intelligence algorithms as well as add a secure signature to your voice and verify it.

🚀 YouJustice
YourJustice is a reputation platform where anyone can create a virtual jurisdiction based on values. YourJustice could become an additional infrastructure layer and database, where any crypto market participant will be reviewed.

🚀 Ivorypay
Ivorypay is a crypto payment gateway built on Solana that allows online businesses in emerging and developing economies to receive payment in stable cryptocurrency, thereby making it possible for cryptocurrency holders to have more spending use cases without the need to change to fiat for their everyday expenses.

🚀 UnoFarm
UnoFarm is a unique cross-chain autofarming solution with transparent automated strategies and beautiful analytics.

🚀 CR SQUARE FINANCE
An ecosystem which incentivizes financial transparency by stakeholders of the web3 community with its multichain supported decentralized applications Guardian and DEFI Books.

Get more details about the event and participants here.

See you there! 😃

DeFi & Infrastructure Pitching Session was good and we got feedback from one of our investors who joins InnMind Pitching sessions regularly:

“I’m always happy to participate in InnMind’s VC pitching sessions since they never disappoint with the quality of web3 startups and entrepreneurs. As investors, we are used to relying on personal networks as the main source of the good quality deal flow, and InnMind is definitely one of them. Players like this are what we need for the healthy development of the crypto VC ecosystem.”
© Ivan Semenov, Managing Partner at Cryptomeria Capital

You can learn more about participants of this session here ⬇️

🚀 MetaVoice AI
MetaVoice is web3 app that allows you to change your voice in real-time to another one using Artificial Intelligence algorithms as well as add a secure signature to your voice and verify it.

MetaVoice AI profile | MetaVoice pitching

🚀 YourJustice
YourJustice is a reputation platform where anyone can create a virtual jurisdiction based on values. YourJustice could become an additional infrastructure layer and database, where any crypto market participant will be reviewed.

YourJustice profile | YourJustice pitching

🚀 Ivorypay
Ivorypay is a crypto payment gateway built on Solana that allows online businesses in emerging and developing economies to receive payment in stable cryptocurrency, thereby making it possible for cryptocurrency holders to have more spending use cases without the need to change to fiat for their everyday expenses.

Ivorypay profile | Ivorypay pitching

🚀 UnoFarm
UnoFarm is a unique cross-chain autofarming solution with transparent automated strategies and beautiful analytics.

UnoFarm profile | UnoFarm pitching

🚀 Emirouter
Emirouter - a protocol that helps users transfer their liquidity between various blockchains in a couple of taps yelding from comissions. Emirouter is a part of EmiDAO

Emirouter profile | Emirouter pitching

🚀 CR SQUARE FINANCE
An ecosystem which incentivizes financial transparency by stakeholders of the web3 community with its multichain supported decentralized applications Guardian and DEFI Books.

CR SQUARE FINANCE profile | CR SQUARE FINANCE pitching

📌 Contact our Investment Analyst Marc in Telegram to request the intro with startup founders (@NasrMarc).

🧸Bear Market Survival Guide: what strategies would investors and projects choose to go through the winter of crypto?

👆This is a twitter space panel discussion, organized by Waterdrip Capital, one of the prominent crypto VCs from China. Join it today, on Sunday at 4 pm CET / 2 pm UTC on the link above.

Together with amazing speakers from Metis, Rock Tree Capital, NAOS Finance, Block Beats, Waterdrip Capital, InnMind founder Nelli Orlova will be on this panel, sharing the latest insights on the bear market survival strategies from startups and VCs perspective. You don’t want to miss it!

​​❓ What works better: single or double token model?

There is a dispute among investors:
▶️ some investors consider any gaming startup should have 2 tokens (for fundraising and for in-game economy);
▶️ other investors said 1 token is enough for all the utilities (fundraising, governance, in-game economy).

🚀We discussed these solutions in details with well-known crypto enthusiast and venture capitalist On Yavin, founder at Cointelligence Crypto Academy and the Managing Partner at Cointelligence VC Fund that has in-depth expertise in researching and investing in play-to-earn models.

⏩ Watch the interview with On Yavin here.

How do you think what is better for a startup? You can also share your opinion in the comments ⬇️

InnMind is going to release a new product to give even more value for users!

The new product - Tokenomics Calculator - is to be released on InnMind next month. And its early version will be available exclusively only for premium InnMind members!

✔️Since you have a premium subscription, you’ll get the full FREE access to test it, use it, give your feedback for improvements and moreover: special private workshops with tokenomics experts to ask your questions and get advice on your token economy!

⏩ Create an account for free here!

Unfortunately, the majority of startup founders lack in-depth understanding of the token economy mechanics. That is why we designed the new tool that will help the founders to understand it better, calculate the metrics and experiment with modelling the best token economy that will lead them to success!

Meet a new DeFi project in our InnMind network 😃

🚀 Emirouter - a protocol that helps users transfer their liquidity between various blockchains in a couple of taps yielding from positive slippage.

The protocol with SDK aggregates various bridges and DEXes seasoned by EmiRouter's proprietary oracle and arbitrage algorithms helping users find the best routes for their swaps. In other words, the protocol helps users to transform, for example, their 100$ on the source chain to 102$ on the destination chain.

Achievements:
🔸The team has a vast experience in blockchain space;
🔸The company is running CEX with a daily volume of 20M$+ and a multi-chain DEX with TVL 580K$;
🔸In Q2 2022, the company grew and have 13 employees.

Learn more about Emirouter 👇
Emirouter profile | Emotier pitching

🖌 Feel free to contact InnMind Investment Analyst, Marc ( @NasrMarc ) to request the intro with startup founders.

​​Highlights from 2022 Q1 GameFi Report by DeGame by L2Y X Footprint Analytics

GameFi Market Performance Overall

🧠Trading volume: $6.322B, of which Harmony 48.58%, Ronin 26.85%, BSC 14.25%

🧠 Total number of players: maintained at 1.2M

🧠 Number of new games: 242, the largest number of games on ETH

🧠 Player distribution: The top three chains with the most players are WAX (28.83%), Hive (28.55%), and BSC (13.4%)

🧠 Distribution of transaction volume: the top three chains with the most players are WAX (77.7%), Hive (11.99%), and BSC (2.01%), and the distribution of each chain is obviously different

🧠 GameFi funding increased 194.19% year-over-year and decreased 40.78% season-over-season.

🧠 Independent games got the most rounds, followed by game platforms (i.e. guilds) that were funded, mainly in the seed round;

🧠 Polygon Technology is the chain with the highest number of independent game projects with fundraising and the highest amount of fundraising;

🧠 Animoca Brands was the most active investment institution this quarter

Top 4 blockchains by funding amount:
○ Polygon Technology: $71.4 million
○ Solana Labs: $43.6 million
○ Ethereum: $34.5 million
○ Binance: $16.3 million

● Animoca Brands: 27 investments, 18 lead investments ○ Animoca received the most significant funding of the quarter in the sector at $358 million
● Binance Labs: 6 investments, 5 lead investments
● Andreessen Horowitz: 3 investments, all lead investments
● OKX, Coinbase Ventures, Paradigm Capital, Three Arrows Capital Pte Ltd all made investments, all with follow-on investments

​​InnMind CEO and founder Nelli Orlova spoke at "Bear market survival guide" event.

Highlights in short:

💡 yes, the number and intensity of VC deals dropped significantly (if previously the active funds in this sector were signing 2-3 funding deals per week and even more, now it is 2-3 per month);

💡BUT! good long-term VCs continue investing and actively looking for strong startups with great teams. VC activity didn't freeze completely.

💡 In terms of fundraising: valuations will go down, due-diligence process will take longer, investors are more picky than ever. So founders are recommended to focus of execution and traction as a first priority before approaching VCs. No more "funding on a pitch deck stage".

💡 CASH IS THE KING. Founders should cut off expenses and work on their runaway to ensure they can survive for the next 6-9 months.

💡 Salaries in crypto will adapt and get closer to "traditional" markets.

💡 Web3 infrastructure projects, protocols, layer 2s, DeFi remain in the top priority of investors. Also, dApps with wider target audience, that have potential for mass adoption. And Yushan Zheng for example believes that projects built on Bitcoin can be the next big trend.

Let’s speak on this topics. Please, share your thoughts in the comments 😉

GameFi, NFT & Metaverse Pitching Session

Next week InnMind organize Online VC pitching session that will be held on the 29th of June at 17:00 CEST.

Criteria for startups:
🎯 Focus: GameFi / NFT/ Metaverse / Blockchain Entertainment
🎯 Stage: Seed/Pre-Seed/Round A
🎯 Geography: Worldwide

We have already confirmed investors from Lucid Blue Ventures, 7 O'clock Capital, Ascensive Assets, Konvoy Ventures and VU Venture.

👍 Already confirmed startups: MUSURE world & StraightFire.

⏩ Apply to present your project here.

Feel free to share this news with your network to see more interesting and ambitious projects! 😉

🖌 (Contact InnMind Investment Analyst Abdul in Telegram (@Notanotherabdul) to join this session or to find new investment opportunities for you)

Let's look closer to one of participants of previous Online Pitching Session.

🚀 MetaVoice AI is web3 app that allows you to change your voice in real-time to another one using Artificial Intelligence algorithms as well as add a secure signature to your voice and verify it.

The app will integrate VoiceStore - a library of voice models, that gives you a unique identity in the Metaverse as well as in the real world.

MetaVoice also have dozens of other use cases except Metaverse:
✔️ dubbing (in movies and games);
✔️ movie production;
✔️ resurrecting famous voices;
✔️ audiobooks;
✔️ call center;
✔️ entertainment;
✔️ anonymization and etc.

Learn more about MetaVoice here 👇
MetaVoice AI profile | MetaVoice pitching | MetaVoice demonstration | MetaVoice website

📌 Request other project details and intro with MetaVoice founders through our Investment Analyst Marc in Telegram (@NasrMarc).

Highlights of InnMind Web3 Investment Trend report:

✔️The market value for Web3 is projected at over $8bn by 2030, growing from $1.23bn in 2020 - a rate of 45.20% (CAGR);

✔️In 2021, venture capitalists allocated to cryptocurrency and blockchain startups at the fastest pace ever, logging more than 2,000 total deals worth over $33bn, which is more than double the results in 2020 and surpassing the all-time high for venture capital crypto deals in 2018;

✔️86.7% of VCs surveyed typically invest in rounds below $500,000.

👉InnMind surveyed 97 Venture Capital Firms investing in Web3 and crypto startups and elaborated a report where you'll find all this information and many more!

⏩ Access the report here ⏪

👉Run and Earn: Meet the Most Promising P2E Release of the Season. Metarun is a startup from the InnMind community that raised $4 million in private funding rounds!

📌https://bit.ly/3OfmBFN

✔️About Metarun

First P2E endless mobile runner game with NFT assets. Built on UE5, empowered by the BNB chain.

Built on Unreal Engine 5, Metarun’s stunning graphics and storyline bring together the best of the traditional gaming experience and blend it seamlessly with state-of-the-art crypto technology. The game's internal economic system runs on its native token $MRUN and the virtual currency OPAL and allows users to play to earn, and purchase in-game items and characters skins as NFTs via the native cross-chain marketplace.

Company Culture... Usually, people think it is something from the corporate world, not applicable to startups.

What's the sense to have a company culture when you just start your business journey? 😐

But InnMind co-founder Nelly Orlova has something to tell about it.

"...the ongoing recession and shockwaves on crypto and traditional markets forced many startups to let go of huge part of employees in order to preserve cash flow. And this made me think of a Company Culture these days.

Company Culture is not a polished text on your "about" page, and not an inspiring motto on team calls.

It is about RELATIONSHIPS:
🔸 How the founders (management team) treat their team (whole cycle from the hiring & onboarding till their last days in the company);
🔸 How the team members treat each other;
🔸 How employees feel about the management;
🔸 How everyone in the company treats the customers, users and external partners;
🔸 How each person inside the team perceives the company role in their life and their role for the company’s future;
🔸 How the management behaves in crisis times and how it influences all the above…

It’s not something you think about a lot in the early stage startup, and of course, you don’t formalise it before achieving some milestones. But Company Culture exists organically in every startup and reflects each aspect of relationships listed above. And depends a lot on the founders’ personas, since in a small company they have a huge influence on every part of business. ''

🖌Tell me in the comments if you see it the same way or if I missed something obvious here. And what would be your advice to startup founders on establishing the company culture?