Best Business Strategy - 1000€
Awarded to the team with the most well-structured approach in terms of market entry/growth.
- The team demonstrates a clear grasp of the target market, including pain points and market opportunities.
- The team has a well-defined strategy for market entry, including key channels, partnerships, or communities.
- Clear approach on how to onboard and retain users, especially bridging the gap for those unfamiliar with Web3 technologies.
- A sustainable and scalable revenue model that aligns with the product and its market positioning.
- Thorough research on competitors and the team’s unique positioning within the market.
- Identifying and addressing potential risks, including legal, technical, and market challenges, particularly around the blockchain space.
Best PoC - 1100€
Awarded to the team presenting the most functional prototype that demonstrates the product’s potential.
- The prototype works (as far as possible) and demonstrates key features of the product in a tangible way.
- The PoC shows technical viability, using blockchain efficiently (smart contracts, decentralized systems, etc.).
- Ability to integrate with other systems, networks, or platforms, whether Web2 or Web3.
- Usability for both Web3 experts and normies, with minimal friction during user interaction.
- The PoC presents a novel approach or innovative use of blockchain technology, particularly in areas like decentralization, tokenomics, or security.
- Demonstrates how the PoC can scale technically, potentially growing into a full-fledged product in the future.