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The two projects featured in Part 5 are disruptors in their own rights. All Access Anonymous is set to revolutionize the live music industry, while Quilt is enabling relationships and trust across Web3.
Projects Covered:
All Access Anonymous (“AAA”) is taking aim at the stranglehold that current ticketing giants have on the experience economy, and giving back artists, promoters, and fans the equity they deserve. Creators (artists & festival promoters) and fans can now interact in an open and fair social economy, through a decentralized network with a DAO-based token and NFT economy.
The experience economy is projected to be worth $2,194.4 Billion by 2028, with 32% CAGR for the APAC region. However, there is an imbalance of power between conglomerates and independent promoters. For example, independent promoters overpay up to 25% on TradFi loans.
AAA uses Web3 technologies to break this monopoly down, supporting and uplifting independent promoters and core stakeholders of the experience economy. By providing cutting-edge technological and economical infrastructure, AAA will facilitate a renaissance of fan-creator engagement and industry-wide collaboration. Collectives of independent promoters will be empowered, and fans can look forward to diversified live music experiences.
The need for AAA is demonstrated by industry acknowledgement, which takes the form of 51 South East Asian promoters having already signed up. When AAA goes live, instant mass roll-out will occur, creating potentially $2 Billion in gross merchandise value on the blockchain.
Just as platforms such as Spotify and Shopify have empowered musicians and creators with a platform to share and monetise their creations, AAA will facilitate a full-stack platform for independent promoters to empower them and unlock a new era of monetization and cross-collaboration.
Promoters can earn tokens that accrue value based on the events they list and get access to a growing treasury where the majority of earnings are given out as loans or grants. So, AAA’s collective success will be the promoter’s success, making it in the promoters’ interest to want other promoters’ events to succeed. This facilitates a cross-collaborative environment amongst promoters, supported by AAA’s shared database allowing for cross-marketing (based on customer wallet spending habits). Apart from Web3 financing tools, AAA’s no-code tech stack also includes DAO-as-a-Service tooling that allows Promoters to set up DAOs with their individual fan communities.
Fans can enjoy the ability to purchase guaranteed authentic tickets, and sell them easily in a transparent secondary market. They earn tokens as they buy tickets, which allows them to redeem ticket upgrades, money-can’t-buy experiences, contribute to music festivals to have a say, and have transparency in terms of where their money is going.
AAA’s team is a roster of exceptionally talented and experienced characters from various industries. With the perfect balance of established business intelligence and experience, empowered by strong work ethics and dynamic execution, AAA are able to effectively focus on their mission and inspire others to join them along the way.
The founding duo, Iqbal Ameer (CEO), and Marvin Das (COO) are both highly successful entrepreneurs in the live music and blockchain industries.
Iqbal Ameer, over his 12 year tenure in the live music industry, has masterminded some of South East Asia’s biggest award-winning festival brands, such as Rockaway Music Festival and It’s The Ship. His keen business acumen and deep love for the music festival industry inspires him daily to drive this industry forward.
With over 7 years in the blockchain space, serial entrepreneur Marvin Das played a crucial role in the launch of XDC network, and has since gone on to found both AAA and Quurk.
Both collectively and independently, the core team has participated in and launched multiple NFT related projects, most notably DuckDrop for It’s the Ship festival – Asia’s largest festival on a cruise ship, de-risking some aspects of the festival and increasing fan engagement through multiple activations.
Iqbal shares more about AAA’s story:
“AAA rose as a phoenix, from the ashes of the pandemic-inflicted economic devastation of the live music industry, with the mission to drive innovation and value towards core stakeholders of the industry – eliminating vampiric intermediaries and empowering independent promoters and fans became our singular focus.
We believe that if promoters and fans are incentivised to become stakeholders of frontier technology and ecosystems, the entire industry will thrive and discover novel ways to cooperate and add value.
We live our mission in a healthy, sustainable and passionate work-play balance; celebrating our wins, driving collaboration and empowering individuals to contribute and collectively work towards success.”
Quilt aims to create an interconnected Web3 by creating a decentralized, multi-chain social protocol and marketplace which enables seamless socialization across chains.
People are social. Virtually every popular online platform (even video games) allows users to have conversations through direct messages, yet most NFT marketplaces do not have a chat function. Arguably, it may be more beneficial for marketplaces to cut out communication so that users can’t negotiate, resulting in more royalties for the marketplace.
But Quilt sees things differently. They understand that communication is the lifeblood of progress, and its critical role in user experience and mainstream adoption. Their creative social network and marketplace fosters community building, and makes Web3 a safe and social space for creators and users alike.
The Lounge - A Native Marketplace for Digital Creators
On Quilt, users can list their digital artworks for the world to see, or put it up for auctions. If other users like it, they can drop the seller a message and start a negotiation. This enables flexibility, and increases the total volume of transactions on Quilt.
Chat dApp - Social Features
It’s easy to start conversations with like-minded people on Quilt, both individually and collectively. This allows creators and collectors to receive constructive feedback and build their network.
Customized Profiles - Be Yourself, Be Seen
Identity is at the root of everything human. Quilt allows users to be truly authentic, expressing themselves through their art.
Abduljalaal, co-founder, is an energetic Sales Representative with a proven record of expanding product market share, and increasing revenue. Out of sheer curiosity, he entered the Web3 space through participating in the 2021 Chainlink hackathon. Since then, he has never stopped researching, and has dived into the technical aspects like smart contract development.
Chandan Das, co-founder, is an experienced blockchain developer, with years of experience building dApps and participating in hackathons. He has a firm grasp of Solidity, and has worked on projects using Truffle, Ganache, Infura, and Moralis.
Abduljalaal explains: “Why I’m so proud of my team is because we got here through sheer force of will. We had a vision of what we wanted to achieve and kept grinding. We’ve been able to pull each other along, learning along the way.
I believe that as a team, we can succeed because we’ve listened to the community and each team member has first-hand experiences with the challenges in the Web3 space. We see it as an opportunity to better the space, leaving a lasting legacy and help change the narrative that crypto and Web3 is a place for scammers, to a space where you can make amazing friends and conduct business.”
https://twitter.com/Quilt_chat
Demo Day will see the project founders participate, where they will be given 3 minutes to present their pitch to some of industry’s top mentors and investors participating.
These investors will then make their assessment - of the project’s quality and potential, business strategy, and even the founders themselves. Investors will include high-profile figures from esteemed organizations like Newman Capital, Draper Startup House, Amber Group, Samadhi Ventures.
The mentors in attendance include Vikram Bharati (Draper Startup House), Laurent Dedenis (Chainstack), Cici Lu (Vennlink), Bobby Ong (CoinGecko), Mona Zoet (RegPac Revolution), TZ APAC’s own Julian Low, and many more.
