During the four weeks of the first announcement of SpringX, a total of 243 valid applications from global entrepreneurs were received. Among them, 74 projects passed the initial screening by three fund investors, 40 projects passed the institutional interview, and 11 projects, after a joint interview by the founding funds SevenX Venture, Bixin Venture, and Generative Venture, entered SpringX01. The selection rate was only 4.53%.

Picture source: The opening speech by SpringX founder Niels titled “How to Start with SpringX”.

The tracks of the projects include: Infra, Game, Social, DeFi, NFT. Among them, 8 projects have been financed, and 3 projects have not yet been financed. We are also pleased to see that the founders of the projects are not only based in China, but also often reside in the Asia-Pacific region, North America, and Europe. The founding members graduated from well-known domestic and foreign universities, and basically have work experience in well-known Web2 and Web3 companies, and many have years of continuous entrepreneurial experience in the industry. Over 70% of the projects have an overseas background or are based overseas.

Brief Introduction to the 11 Projects

KEKKAI

KEKKAI is a Web3.0 anti-fraud security solution provider headquartered in Japan. Its goal is to be the key security layer that users encounter before accessing their wallets, thus covering the entire security experience of users. In terms of product design, KEKKAI supports multiple chains (110+), has an excellent and smooth user experience (less than 1 second), an original simulation system, and an AI-based security model.

The founding team has many years of product and technical experience and continuous entrepreneurial experience, with experience in major technology companies like ByteDance, smart contract audits, and no-code smart contract platforms.

Gabby World

Gabby World is the first fully AI-native cross-chain autonomous world where users can cultivate AI characters and create AI adventures by converting ideas into on-chain prompts. Users can also bring any third-party NFT into the world without permission to create and capture value. As the first cross-chain game experiment built on an AI model, Gabby World fully uses the large AI model as the game system. All world logic is written in natural language with on-chain prompts. On the one hand, it infinitely amplifies user creativity and lowers the threshold for modifications to the on-chain world. On the other hand, it interprets NFT metadata through AI, achieving interoperability with any third-party NFT.

The founding team has a continuous entrepreneurial background in Web2/Web3 and previously worked at tech giants (Google, Tesla, DJI), Wall Street investment banks (UBS, Deutsche Bank), and well-known Web3 projects and institutions (MINA, Litentry, IOSG).

Fundays

Fundays is a social dating platform based on Web3 interest attribute matching, combined with social finance scenarios, helping users acquire social relationships while also profiting. The founding team members come from top web2 and web3 companies, such as Binance, OKX, Baidu, Weibo, and crypto VCs. The core team members have participated in a product with 15 million DAU and have experience with social products from 0 to 1, reaching number one on the Apple App Store’s social chart. Its social experience is as smooth as web2 products. By tokenizing relationships, it enhances the entertainment experience; users can also issue super NFT pass and secret NFT pass, providing real returns for users under real social needs.

FLock.io

FLock is building a chain-based artificial intelligence co-creation platform. The core team comes from Oxford, with members winning awards in international competitions like acm, neurips, and also being core contributors to Web3 open-source projects. They focus on decentralized machine learning underlying technology innovation. Their innovation in decentralized training won the best paper award at the NeurIPS blockchain workshop and published papers in Science Robotics. They also won Best use of AA and Best DeFi/Infrastructure awards at Ethereum hackathons (ETH Denver, ETH Singapore).

In the three months since its testnet went live, they have built a high-quality technical community, with more than 30 models developed on FLock and several interesting applications.

lott3ry

lott3ry is a fully on-chain charity lottery for the future network society. It defines a fair and transparent lottery system to realize dreams in a just and transparent manner; allows users to buy lottery tickets in a decentralized manner, and as a low-risk financial product, it can generate Bitcoin returns; and builds a decentralized charity DAO for the public good.

The founding team graduated from well-known universities such as Tsinghua University and the University of Michigan, worked at companies like Google, and has more than 5 years of experience in the crypto field, having served as the head of a public chain in China.

Adot

Adot is a Web3 search engine based on large models. It has the largest data index based on Web3, covering both on-chain and off-chain data. Utilizing artificial intelligence technology, it provides valuable content and decision support for users, investors, and developers in the Web3 ecosystem. Combined with an economic model, it creates a value distribution system for the Web3 data ecosystem.

The core team has a world-class background in this field, with over 40 years of search engine experience and over 20 years of AI experience.

MEEET

MEEET is a future gaming platform aimed at solving the mass adoption of Web3 technology. We are committed to providing a comprehensive gaming experience for Web2 and Web3 users and attracting more users to the Web3 world through asset anticipation. Our vision is to be the first stop for traditional gamers entering the Web3 world, allowing all users to find the experience they need based on their interests and needs.

The core team comes from well-known companies such as Meituan, Momo, Sina, Baidu, and Perfect World. We have produced and operated incentive-based game products with over 10 million users. The team members have extensive experience and deep insights covering games, social and incentive-based product fields, providing a solid foundation for our mission.

InLayer Protocol

InLayer is a trading protocol for the capitalization of social relationships. Based on user’s social relationships, it provides convenient drag-and-drop components to help users quickly capitalize their social relationships for fast trading. Based on the social blockchain crossbell, it offers transaction-free directional trading behavior to reduce the issuance and transaction costs of social relationship assets.

InLayer will aggregate users’ Web2 and Web3 social data, allowing users to adjust the value ratio of social relationships, quickly issue assets and trade social asset derivatives.

Cycle-Network

Cycle Network is a trustless cross-chain infrastructure, solving the problem of asset fragmentation and user fragmentation for developers, making it easier for users to enter the Web3 cross-chain world.

Cycle uses expansion DA to achieve trustless multi-chain asset intercommunication, and relies on the security of the Ethereum network to ensure the security of multi-chain asset settlements. Using EIP-6787 to ensure fund security and deeply integrating AA accounts with cross-chain settlements to enhance user experience. This allows for cost-effective, seamless cross-chain interaction and DAPP cross-chain upgrades, making it easier for developers to build on-chain applications, solving multi-chain operation problems, and enabling WEB2 users to better enter WEB3. It has been launched on test networks such as Ethereum, Arbitrum, Base, and Scroll.

MoveSpace

MoveSpace is the first Web3 data incentive and transparency layer. Through decentralized data tagging and on-chain proofs, using vector data, it brings higher transparency to data tagging and usage, providing more powerful data support for high-performance AI and dapp. Demonstrations of various application scenarios such as Gaming, DID, LLM, and search engines have been completed based on MoveSpace, which supports multiple ecosystems including EVM and non-EVM.

The team consists of former Huawei vector database architects, Tencent AI application department, Microsoft and Google cloud service executives, former Didi and Xiaomi algorithm engineers. Members also have experience with native ecosystems such as Solana, Aptos, BNBChain. They have received grants from ecosystems such as Arweave PermaDAO and Aptos.

WeirdoGhostGang

Weirdo Ghost Gang, is a commercial art IP incubated by ManesLAB in the Web3 space.

Weirdo Ghost Gang has the ability for cross-border marketing both online and offline. Through various marketing collaborations including music festivals, node marketing, brand co-branding, and cross-border cooperation, it is dedicated to the continuous integration of Web2 scenarios and Web3 ecosystems. With a highly expandable brand IP image, it has reached cooperation with diverse brands in hot shops, beauty, food, technology, media, internet, etc.

The founding team is globally dispersed with a global vision, coming from China, North America, the Netherlands, Germany, Southeast Asia, etc., with rich experience in various industries. It also has a diverse community composition, including collectors, artists, musicians, researchers, investors, sports stars, and other different groups.

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