AppWorks Demo Day #28 Makes Its Debut
AppWorks Demo Day #28 officially kicked off today (12), showcasing 22 new startup teams from AppWorks Accelerator and 2 teams from Wistron Accelerator on the stage in Taipei, demonstrating their innovative technological solutions. This event not only focuses on the AI and Web3 fields but also emphasizes emerging enterprises in the Greater Southeast Asia (GSEA) region.
The highlights of this Demo Day include 9 teams from the AI and digital technology fields, who will introduce how advanced software technology can transform business operations and daily life. In addition to Taiwan, international startup teams from Indonesia, the Philippines, Vietnam, Singapore, Malaysia, Hong Kong, Europe, and the United States are also participating.
AppWorks Chairman and Partner Jamie Lin stated that the era of digital transformation in 2024 has already passed. It is difficult to achieve significant gains in the next three to five years by doubling down on digital transformation at this point in time. However, if the past 20 years were a digital era, a time when startups followed the digital rise and large companies needed to undergo digital transformation, then the next 20 years will be the era of AI.
“In the era of AI, both large enterprises and startups have great opportunities. Therefore, in the next 20 years, I believe we should focus on ‘AI upgrading.'”
Which interesting teams are worth paying attention to?
There are a total of 17 startups at the event, including innovative applications such as Etiq AI, an AI model optimization tool, and an AI dialogue children’s toy, which are related to the AI field. In addition to AI, there are also 6 teams related to the Web3 field.
Anonymous social networking app combining Tinder and Instagram: XO
XO is a Web3 DApp that combines the functions of Tinder and Instagram. It ensures user privacy through blockchain technology and enhances account credibility. Users can increase their personal credit scores or even exchange tokens through identity verification on chains like WorldCoin. In addition to allowing users to express themselves anonymously, the platform also uses AI to create more interactive and topic-driven generative dialogues, guiding social geeks to communicate with others, promoting emotional connections, and fostering empathy.
XO has surpassed 1.5 million downloads, with over 100,000 active users per month and over 1 million successful matches per month. The platform records over 800,000 transactions on the chain daily, and its ARPPU (Average Revenue Per Paying User) is 1.6 times that of social networking giant Bumble.
On-chain private lending protocol: QIRO
Qiro is building a global tokenized credit protocol that connects stablecoin investors, asset initiators, and underwriters on the chain through DeFi to achieve higher net returns.
Financial technology companies or non-bank financial institutions seeking funding for expansion can seek funds from global on-chain investors without burdening themselves with high borrowing costs. On the other hand, on-chain investors of Qiro can obtain fixed income.
AI platform for managing cryptocurrency investment returns and risks: Quantlytica
The participation threshold for cryptocurrencies and DeFi has always been the biggest challenge for Web2 and Web3 newcomers. Quantlytica uses AI to simplify and enhance users’ experience by analyzing macro and micro data, explaining complex protocols, and providing users with actionable next steps.
By providing ready-made tools and results, users can easily follow preconceived investment strategies without the need for additional time and effort to delve into protocol research, making it easier for users to manage their crypto assets.
In addition to the above three, other exhibiting teams, including DAO, digital asset risk management, and AI, will also take the stage to showcase their achievements. With the continuous evolution of future digital technology, we can look forward to witnessing the birth of more innovation and collaboration.