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Humanity’s technological progress has reached a convergence where Web3 presents irresistible business cases for the world’s most titanic industries.
Currently, blockchain is…
Make no mistake - these aren’t predictions of the future. It’s the reality of today’s technological landscape.
While it all sounds very grand, it doesn’t have to be. Smaller businesses and non-tech enterprises can equally benefit from Web3’s value proposition. For example;
But the realists amongst us would point out a glaring flaw: SMEs may lack the resources or expertise for effective Web3 implementation.
They have a point - and this is precisely why Hyperglade exists.
Hyperglade is on a mission to add tremendous value-addition to businesses with Web3.
By combining their deep understanding of blockchain with astute business acumen, Hyperglade carefully studies each client’s business processes and customer journeys to curate cost-viable solutions tailored to their particular strategy and goals.
“At Hyperglade, we have experienced first-hand how blockchain can democratize aspects of the world. Our vision is to enable blockchain’s positive impact by making it accessible to all.” - Kalana Muthumuni, CEO of Hyperglade
By integrating Tezos, Hyperglade’s solutions benefit from the speed and scalability of the network, offering their clients the stability required for enterprise-level solutions. The self-amending capabilities of the Tezos blockchain allow seamless upgrades without disrupting business systems.
The future is looking bright for enterprise-level solutions on Tezos, and Hyperglade is leading the charge.
Globally renowned investment firms have been taking note of Hyperglade’s success.
As partners with Mastercard to enable fiat payments, Hyperglade has also become a thought leader in the realm of digital payments.
Hyperglade’s gained global attention from playing a critical role in the grassroots development of the Sri Lankan Web3 space. They hosted the first NFT auction in Sri Lanka and introduced fiat payments for NFTs, a first in the region.
These remarkable strides didn’t go unnoticed. Hyperglade was named among the “Most Fundable Startups” by BOV Venture Engine in Sri Lanka and selected to present live on Meet the Drapers, the massively popular Shark Tank-style reality show.
Working with several service-level clients over the past year, Hyperglade has demonstrated the practical utility and wide-ranging application of its platform - from introducing digital tokens for Roundtable International, to opening up new monetization avenues for Sri Lankan creatives and charities (Heal Sri Lanka).
While Hyperglade’s impressive track record attests to its potential, any discerning investor or potential customer would be examining the demand for their services and the value that they bring. Without further ado, let’s delve into it.
The main challenge of integrating Web3 for businesses is the hefty price tag that comes with developing systems that support multi-chain smart contracts and existing Web2 APIs.
Hyperglade estimates conservatively that the average cost of Web3 integration for an SME (if they do it on their own) could range from $23,000 to $90,000.
Using Hyperglade’s solution, businesses can reduce the initial capital investment required to launch a blockchain-based solution by over 50%.
Hyperglade’s development process is highly streamlined through their modular templated approach.
Think of it as a Lego set, where various templates are built from different pre-built components which can be added, removed, and re-arranged. This means that Hyperglade can deploy quickly, saving their clients time and money without compromising the quality or functionality of the Web3 integration.
The credibility of their approach is twofold: ensuring consistency and speed, while also capturing a vast array of business cases.
But how does this translate to affordability for SMEs?
The answer lies in Hyperglade’s monthly subscription model, allowing businesses access to their modular templated platform. They’ve transformed the typically high, upfront capital outlay associated with bespoke Web3 integrations into manageable monthly fees. Now, SMEs can easily reap the benefits of Web3 technology without breaking the bank.
By 2030, blockchain technology is projected to contribute over USD $1 trillion to the global economy. In a report, PWC outlines how provenance, financial transactions, and identity management are expected to drive approximately half of this value.
Hyperglade has identified a beachhead market focused on these industries with strong potential to be first adopters of Web3 integration, from retail; education; and alternative financing in capital markets.
The retail industry is a perfect candidate to be a Web3 first adopter - specifically, in the area of loyalty programs. Initiatives like Nike’s .swoosh and Starbucks Odyssey have already been rolled out, with other huge brands keeping a watchful eye out.
Retail has long struggled to solve the puzzle of customer retention, having the lowest rates (63%) amongst all industries. Customers cost money to acquire, and a failure to retain them equals a loss in overall revenue.
Loyalty programs aren’t effective. Deloitte points out the leading cause - too many different programs leading to customer confusion and paralysis. The solution has always been an unified rewards ecosystem, which can only be created with blockchain.
Smart contracts fully remove the need for intermediaries, eliminating a brand’s hesitancy to participate for fear of customer data leakage. Brands can leverage on-chain data to gain insight into customer data and deliver the personalized engagement critical for successful loyalty programs. This is especially helpful, given how recent stricter data privacy policies changes (e.g. Apple and Google) make understanding customer preferences harder than ever.
But the true game-changer lies in Web3’s ability to open up an entire ecosystem for meaningful collaboration. Brands go from arduously establishing 1:1 partnerships to full exposure to a dizzying range of one-to-many partnerships, scaling customer acquisition like never before.
Customers who sell a brand’s loyalty tokens provide feedback that they aren’t interested, and brands can adjust their offerings accordingly with data-driven insights gleaned from on-chain activity. Comparatively, the buyers of these tokens are more likely to become consumers of the brand. This means that not only are customer acquisition costs removed, but disinterested customers replace themselves with customers with higher lifetime value.
Taking Web3’s transformative potential into account, we can easily understand why PWC places a US$54 billion by 2030 valuation on blockchain-based customer engagement.
Today, the fraudulent academic document industry is already estimated to be valued at at least US$21 billion worldwide. The urgency of this problem is felt not just by education institutions and employers, but also by governments wary of economic harm caused by erosion of workforce quality.
Hyperglade aims to combat this problem, leveraging the ability of blockchain to issue undisputable certificates to ensure peace of mind for employers, institutes, and students.
Currently, Hyperglade is working with Metana, an online platform that provides expert coding bootcamps. CEO Kalana Muthumuni shares with us:
“We are currently working with Metana, an online Blockchain and AI course and training platform which wants to create blockchain-embedded certifications.
In order to create the utility that they need, we’re enabling all the edge cases including the ability to modify tokens, soulbound token ability, and leaving room for extensibility.
The system would enable them to mint NFT tokens that capture core details of the course, duration and skills gained during the training, and potentially the subsequent employment details.
Metana is a highly-respected training provider, and its graduates are highly valued in the workforce. For them, it’s important that this level of distinction is not diluted by fake certificates.
We’re proud that we can support them in this regard, and aim to continue playing our role in fighting academic fraud with blockchain transparency.”
Rewards are an integral part of many capital markets strategies, encouraging positive behaviors and promoting a deeper engagement among stakeholders.
One initiative that Hyperglade is exploring with their clients is rewarding token holders with tokenized carbon credits. This transforms a regular investment into a tangible contribution towards combating climate change, creating a deeply meaningful relationship between the business and its stakeholders.
Without blockchain technology, this would still be possible - but incredibly challenging to the point of unfeasibility. Attempts to do it the traditional way would be burdened by a lack of transparency, high administrative costs, and challenges in fractional ownership.
With Hyperglade’s robust platform, the complexities of such a distribution process are easily handled. Businesses can explore rewards like fractional ownership tokens of art or real estate, digital collectibles, or access tokens to gated events.
Each member of the Hyperglade team brings with them a rich experience as a founder in their previous roles, now uniting their talents and skills to power Hyperglade’s mission.
The team consists of individuals highly-skilled in their own domains, from computer engineering, finance, marketing, and operations. This collective knowledge enhances their understanding of the industries they serve, and equips them to meet the unique demands of each project.
But Hyperglade wouldn’t be here without its team’s incredible strength of character - the unyielding tenacity of Hyperglade’s veterans has seen them forge through stormy times, relentlessly pushing forward to earn their current position as a high potential Web3 startup.
Kalana shares with us:
“Hyperglade’s resilience was on full display in 2022. We kept going through a global crypto collapse, combined with Sri Lanka’s fuel shortages, lack of electricity and a crippling financial crisis.
It was our greatest test, but not once did we think about backing down. I couldn’t be prouder of my team. We have been battle hardened to face any challenge and are confident of making this a success.”
Kalana Muthumuni / CEO Kalana Muthumuni’s multifaceted background encompasses both computer science and taking products to market. Having co-founded Urban.lk and possessing a strong track record in consulting and computer science, Kalana is well-equipped to lead Hyperglade to capture the Web3 SaaS market.
Lakshan De Silva / CGO
Lakshan’s varied experiences have equipped him with a deep knowledge of the start-up ecosystem. As the Co-Founder of Spectrify.ai, Lakshan De Silva was featured on the show “Meet the Drapers”. His impressive portfolio also includes roles as a Venture Partner at Hatch Works, Co-Founder and CEO of iLoan.lk, and Vice President at Veracity AI.
Dulitha Wijewantha / CIO
Dulitha, the Co-Founder of Aristotle and Cabbage Apps, also serves as a board member for Urban.lk. He is deeply ingrained in the Web3 space, actively contributing as an advisor, builder, and entrepreneur, which gives him a unique perspective and hands-on knowledge of emerging technologies.
Malinda Muthumuni / CISO
Malinda Muthumuni is the Founder and CEO of Urban.lk, Sri Lanka’s pioneering e-commerce platform. His initiative has revolutionized the way Sri Lankans shop online, demonstrating his innovative approach and operational acumen.
Gamika Seneviratne / CFO
With a strong financial background, Gamika serves as Assistant Director at Acuity Knowledge Partners. His past roles include being a Co-Founder of Coves/Saltyware and Head of Product Development at Yara Technologies. His proficiency in financial modelling and in-depth thematics brings a robust financial perspective to the team.
Manujith Pallewatte / CTO
As a Co-Founder of Avantrio, Manujith Pallewatte has expertise across different roles such as project manager and solutions architect to tech lead, and has contributed to over 15 technically challenging B2B and B2C products. His expansive experience as a full stack engineer and software developer of more than 5 years brings technical depth and versatility to the Hyperglade team.
