Genesis | Mining Better, Bitcoin+DeFi
Welcome to Coinfeeds Genesis — your weekly guide to trending early-stage startups from the dynamic world of blockchains and cryptocurrencies. In this newsletter, we seek to provide clarity and valuable data for navigating the public and private markets in this evolving space.
This week, we’re featuring 12 projects, ranging from smaller projects to more established startups, all united in their pursuit of building new technologies and communities across different ecosystems.
This week we’re seeing reimagined ways of mining, with one company selling mining rigs and then managing, and optimizing them on behalf of the customer, and another enabling the mining of a new token on desktop, mobile, and beyond. As revealed in today’s Daily Digest issue, developers are rushing to integrate EVM functionality with Bitcoin, but established projects like Bitfinity are not the only ones in this race — this week we’ve found a platform that acts as a bridge between BRC-20 and ERC-20, as well as an L2 statechain protocol implementation that enables instant 0-cost Bitcoin output transactions.
We’re still seeing on-chain games popping up with more and more consideration for user needs, where some are opening free games with all the profits going back to the game, and others are building ever-expansive virtual worlds with a real stake in the game.
Some projects we picked up this week are truly unique, with the first open crypto prop trading firm and a proof-of-funds platform (banks and other traditional entities increasingly need proof of Bitcoin ownership). More below!
Here is a breakdown by sector:
Below is a selection of companies. To see some of our past issues, please go to
MultiBit - a liquidity unifier for Bitcoin and EVM networks that offers a bridging mechanism for cross-chain transfers between Ethereum, BNB Chain, and BTC networks. MultiBit uses the Ordinals-enabled BRC-20 standard to create a unified account supporting the communication between ERC-20 and BRC-20. Users can sign up with WalletConnect, choose an EVM network, and bridge assets from BRC-20 using unique deposit addresses. MultiBit has created these bridging mechanics using basic smart contracts, a multi-signature mechanism, and listening nodes for monitoring transactions.
Teller - a new platform that allows users to lend and borrow almost any type of digital asset, including ENS names, NFTs, and ERC-20 tokens. With order-book lending, Teller enables yield boosting on idle assets, getting oracle-free loans with no early liquidations, and users can earn Teller points, which work like on-chain credit, to get additional rewards. Holders of Teller NFTs can become members of an exclusive community of people that discusses strategies and other related subjects. Other blockchain projects can also create pools for their tokens on Teller, enabling borrowing against the assets they have issued.
Dragginz - a free-to-play and open, fully on-chain MMO game based in a fantasy multi-player world of dragons and elves where the player can go on adventures and hatch dragons. As the player progresses through the lore, he can explore the world's magic, learn new skills, and meet new creatures. Behind the wheel of the game is the Dragginz hybrid DAO where the decisions are made using its native token DKP and employees are paid with it too. In addition, the company states that it will never sacrifice gameplay for profits, but invest everything back into the game.
LLCGame, or Land, Labor, and Capitol (LLC), is an on-chain tycoon game about virtual land ownership and resource acquisition that's based on actual custom digital assets and is currently available pre-Alpha on Arbitrum Nova, opBNB, Base, and Polygon networks. Players can enter the virtual world not only to trade digital land but construct buildings and infrastructure in-game, and mine for resources. These custom assets can be generated with AI, namely genAI from Scenario.com, and traded.
Hoseki - a proof-of-funds platform built to help people to to traditional lenders with certainty that they'd have ways to show their Bitcoin to banks, landlords, and others. Hoseki supports different kinds of crypto storage tools, including Ledger and Trezor, which banks aren't familiar with. New lines of credit and investment opportunities can be opened with Hoseki, as well as mortgage or notarization processes. The platform can put centralized services like Coinbase, as well as self-custody wallets and cold storage systems into one place where balance sheets can be exported and shared with relevant parties. They can act as certificates of ownership.
Cosmostation - a blockchain development company behind several powerful web3 products, including a Sui wallet Splash Mobile and SUI staking dashboard Splash Dash, as well as an interchain wallet Cosmostation Mobile and multi-chain wallet extension Cosmostation, and Mintscan - the product our systems have picked up this week. Mintscan is a block explorer and a full-blown blockchain analytics platform where the mainnets and testnets of different chains can be dissected, visualizations and charts can be created for metrics like developer activity, the dominance of networks, validators, real-time chain operations, governance, and more.
Sazmining - a turnkey Bitcoin mining provider that sells mining rigs that offers the lowest energy costs in the industry. The mining rigs that customers buy from Sazminig are shipped to the company's own facilities where employees maintain and optimize the devices. This makes it possible for people to mine Bitcoin without having to deal with any of the usual maintenance tasks, where one rig can last between 3 to 5 years, and customers can also manage and adjust how often they receive mining rewards in their wallet. Sazmining sells two models of Bitmain mining rigs, one that's best for efficiency and one for low costs.
American Collectibles (ACDC) - the first NFT minting company to be founded on top of a licensed physical coin firm that brings digital NFT representations of gold, silver, platinum, and palladium that are owner-verified and redeemable for the real thing. ACDC is creating all this on a programmable privacy-driven blockchain to check all the security/privacy boxes. The owners' digital identity and shipping information is added to an encrypted communication portal where the data can be exchanged.
Mercury Layer - an L2 statechain protocol implementation designed for instant, no-cost, off-chain transfers and settlement of user-owned Bitcoin outputs. These transfers do not need the confirmation of blocks from mining. MercuryLayer uses the UTXO (Unspent Transaction Output) model and inventive ownership-driven utilization of it so that the facilitation of said transfers would be possible. Moreover, the server the project uses is "blind", making it impossible for the server to identify the coin it is signing for.
Anote - an easy-to-mine and use cryptocurrency and new blockchain based on the Waves protocol. Anote's new technology enables mining on desktop and mobile, and the cryptocurrency itself is a Leased Proof-of-Stake (LPoS) that's independent in its development and operations. Anote tries to tackle the whale problem (manipulation, the gaining of network control) in decentralized systems by bringing the chance to mine to everyone while remaining decentralized. Anote is also focused on virality, which it's driving via a referral program.
Breakout Prop - the first crypto proprietary trading firm that offers direct access to the liquidity of centralized exchanges without compromising execution, whilst offering over 70 crypto assets with futures liquidity sourced from Bybit. Breakout is evaluation-based, so it brings interested traders into a demo trading environment where their performance is later reviewed and a decision is made on whether to bring the person on so they can receive payouts on successful trades. There is no interview process, and there is no net gain target that traders must meet. Breakout has some rules, but compared to traditional prop firms, it is much more flexible -- and crypto-focused.
Zero Tech - an all-in-one web3 social company building an end-to-end encrypted private crypto messenger that rewards users, a Twitter-like social media platform on-chain with related financial data, and decentralized IDs to power digital identities in these platforms. The company aims to help facilitate better conversations, democratize AI, host DAOs, welcome DeFi features, protect digital identities and content associated with them, and make social media more user-aligned. The platform is starting with an airdrop of MEOW tokens.