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. They will present their innovative tech solutions on the stage in Taipei to a global audience. This event not only focuses on the AI and Web3 sectors but also emphasizes emerging enterprises in the Greater Southeast Asia (GSEA) region.
The highlights of this Demo Day include 9 teams from AI and digital technology, who will introduce how advanced software technology can transform business operations and daily life. In addition to Taiwan, there are also international startup teams from Indonesia, the Philippines, Vietnam, Singapore, Malaysia, Hong Kong, Europe, and the United States.
AppWorks Chairman and Partner Jamie Lin said that the era of digital transformation in 2024 has already passed, and if one were to invest heavily in digital transformation at this point, it would be difficult to reap significant rewards in the next three to five years. However, if the past 20 years were a digital era, a time when startups rose alongside digital transformation, 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, so 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 AI model optimization tool Etiq AI and AI conversational children’s toys. In addition to AI, there are also 6 teams related to the Web3 sector.
Tinder + Instagram’s Anonymous Social Networking App: XO
XO is a Web3 DApp that combines the features of Tinder and Instagram. It ensures users’ personal privacy through blockchain technology and enhances account credibility. Users can increase their personal credit score through identity verification on chains like WorldCoin or even exchange tokens. In addition to allowing users to express themselves anonymously, the platform also uses AI to create more interactive and topic-driven generative conversations, guiding social introverts to communicate with others, promoting emotional connections, and fostering empathy.
XO has surpassed 1.5 million downloads, with over 100,000 monthly active users, more than 1 million successful matches per month, and over 800,000 daily on-chain records. The platform’s ARPPU (Average Revenue Per Paying User) is 1.6 times that of social app giant Bumble.
On-chain Private Lending Protocol: QIRO
QIRO is building a global tokenized credit protocol, connecting stablecoin investors, asset initiators, and underwriters on-chain through DeFi to achieve higher net returns.
Financial technology companies or non-bank financial institutions seeking funds for expansion can seek funding from global on-chain investors without bearing excessive borrowing costs, while on-chain investors of QIRO can earn 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 user 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 invest according to preconceived strategies without the need for additional time and effort to deeply study protocols, making it easier for users to manage their crypto assets.
In addition to the above three, there are also exhibiting teams showcasing achievements in DAO, digital asset risk management, AI, and more. With the continuous evolution of digital technology in the future, it is highly anticipated to witness the birth of more innovation and collaboration.