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Project X: Spot Grants to People & Projects

Follow setup guide:

2 out of 4 signers:

  • 2 people, 1 of whom is full time core team
  • 3rd person: giv/peter/li (can veto)
  • 4th person: li (silent)

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d1: matt-boris (giv)
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d2: adrian-danny (li)
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d3: zi-hakwan (giv)
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d4: leo-vera (peter)
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d5: daniel-mikey (peter)
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d6: rongjian-ganesha (li)
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d7: sam-devin (giv)
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d8: aaron-jack (li)
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d9: ganesha-rachel (li)
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d10: leo-lingjie (giv)
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d11: boris-gabby (giv)
d12: sam-noura (li)
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d13: jack-ed (li)

li 1: 0x51B89211F93c2efcf6D5B836a78DBA265e6F5e93 (metamask mobile)

li 2: 0x7Df8F9aaC79f137355f52DFBa047fcA04F8Dc51e (metamask brave)

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Project X Funding

NameForum LinkCategoryStatusTypeAmount (K)Description
DeFi
Funded
Investment
$305K
Hermes DeFi is an easy to use and powerful decentralized finance platform that empowers users to build their wealth through liquidity aggregation services and our native Harmony reward token, PLUTUS. After a successful launch on the Polygon blockchain with our IRIS governance token, our team identified Harmony to be the home of our second token, PLUTUS.
DeFi
Approved
Investment
$445K
Jia is the decentralized bank for businesses in emerging markets. We are solving a $5 trillion global crisis by building a decentralized bank for financially under-served MSMEs in emerging markets while Leveraging Web3 innovation.
DeFi
Funded
Investment
$250K
Autarky Finance is building a Defi platform for asset trading and wealth building for the masses. It will initially start with options trading capabilities for Crypto tokens from multiple layer 1 and some layer 2 tokens.
MuseDAO
DAO
Approved
Launch Grant
10
Muse DAO is a decentralized group for managing intellectual property in performing arts and screenplay and for producing plays, tv shows and movies in different formats to bring those industries to blockchain and web3.
ParaCity
MetaVerse
Approved
Launch Grant
10
ParaCity is a Metaverse platform for planning from performative and sustainable architecture/urban design. The project arises from architectural and urbanistic expertise, responding to an emerging field among the virtual reality that expands the possibilities of contemporary and participatory design.
Web3-Ghost-Template
Infra
Approved
Launch Grant
10
Web3-Ghost-Template an opensource web3 client that consumes the content of a headless CMS and displays information based on the tokens you have or your activity in blockchain. This functionality enables the gamification of communities and their effective use, being able to discriminate access to content based on the behavior of each user to the community, having been all recorded in the blockchain.
Dipii
NFT
Approved
Launch Grant
10
Dippii is a platform that creates NFTs with a single click. Users are not required to use crypto or to connect with a wallet in order to do the minting. We want to be the “Canvas of NFTs,” allowing anyone from outside the NFT space to simply participate (teens, people without access to purchase crypto). We are in negotiations with the legal tenders of Amy Winehouse images to create a 10,000 NFT collection minted in our platform as part of our go-to-market strategy.
Block to Basics
Impact
Approved
Launch Grant
10
An Introductory Blockchain Kamp for Kids. Immersion of 5,000 children in blockchain curriculum to drive digital literacy & adoption of blockchain technology
SpectrumX DAO
DAO
Approved
Launch Grant
10
A space for autistic people and everybody who is affected by or feels empathy for people on the spectrum. We want to start SpectrumX DAO for those people to feel free to create, to be heard and to find new ways that can get them closer to their biggest dreams.
TucSac
GameFi
Approved
Launch Grant
10
Tucsac es una red social 3.0 la cual recompensa a sus usuarios por sus interacciones y protege sus datos de terceros. Actualmente Tucsac cuenta con más de 7.000 Usuarios de los cuales el 90% son activos. En Tucsac nos enfocamos en crear un ecosistema donde los usuarios se sientan a gusto y crezcan. Tenemos una academia de formación dónde iremos implementando diferentes cursos de diversas ramas como por ejemplo: Blockchain, NFT, metaverso, criptomonedas, economía y finanzas, impuestos, diseño, marketing online, etc…
MetaVerse
Funded
Investment
$400k
LootMogul is a multiverse blockchain gaming platform for sports influencers and fans to engage. Sports influencers from NBA, WNBA, NFL, MLB, NHL, ICC, Olympics, etc. lead the fan engagement model in our metaverse through gaming, unrivaled experiences, NFTs, and crypto tokenomics.
MetaVerse
Approved
Investment
$200K
Incubated by Bondly and Animoca Brands, Metaprints develops metaverse land experiences at scale. Metaprints works with brands to create a blueprint for metaverses, and through its network of creators will enable brands to create bespoke assets across multiple metaverse platforms at once.
DeFi
Approved
Launch Grant
$50k
Valorem Options V1 is a DeFi money lego enabling writing covered calls and covered puts. These will be physically settled, American or European style options. All written options are fully collateralized against an ERC-20 underlying asset and exercised with an ERC-20 exercise asset
Infra
Approved
Launch Grant
$50k
Tellor is an oracle protocol that is a transparent and permissionless way for smart contracts to easily get any data whenever they need it.
DAO
Funded
Investment
$20K
The Vegan Africa DAO will drive the marketing efforts of the Vegan Africa Fund network through strategic marketing and NFT launches.
DAO
Funded
$50K
Through online classes and in-person workshops, the Harmony NFT DAO seek to improve the quality of current NFT creators in Harmony, as well as encourage a larger uptake of new creators to enter the ecosystem and bring in more collectors.
NFT
Funded
$20K
Chilibangs is a community of like-minded people who aim to use NFT technology to invest in education, organize events for artists to display and sell their art, raise funds for social causes, and give a better virtual experience by combining NFT art with AR technology for the purposes of education and entertainment.
DAO
Funded
$10K
Our vision is to bring new forms of value trough Multi-chain strategies and participation in governance. We aim to create a fair and equitable distribution of ownership, value and control. Progressive autonomy with a community sense of ownership. Sustainability and strategies that bring value for all the Waru members.
DAO
Partially Funded
Investment
$500k
GoldenDAO is an engaged, collaborative, and impact-focused community. Our mission is to launch a DAO to collectively advance AAPI solidarity and empowerment through real-world events + gatherings, and web3 infrastructure + initiatives. Community values are hinged upon supporting the Asian community.
NFT
Approved
Launch Grant
$50K
NFT² is the project that aims to fully explore the potentials of NFTs, more than just static crypto assets. NFT² Elite Pad will be the first product developed by NFT² that will help address the whitelist - currently the most pain point in NFT industry.
NFT
Approved
Launch Grant
$50K
MongolNFT is the #1 NFT marketplace in Mongolia. Our platform makes it incredibly easy for anyone to create, buy, and sell NFTs, because we handle everything technical.
MetaVerse
Approved
Launch Grant
100
The Harmony verse is a full scale Metaverse designed to benefit all of the different companies building on harmony as well as the harmony ecosystem herself.
MusicVerse-TAP
MetaVerse
Approved
Investment
100
Tap is a parallel universe where fun loving people come to play music and music games. They are building a musicverse, filled with entertainers and entertainment
SoCol
NFTInfra
Approved
Investment
500
Empowering creators and fans to build communities. the first web3 social platform. Founded by Irene Zhao and Ben
Atomic
Infra
Posted
Investment
100
From wallet to wallet, seamlessly aggregate and display NFTs.
NFT
Funded
Investment
$100K
HypeX is a web3 platform that is heavily focused on building next-generation technology for the digital world. Smart contract-enabled NFTs have a myriad of capabilities that will drastically change how people interact with each other.
Infra
Funded
Investment
$100K
WISP Token is a blockchain-based internet service incentive token for the future of wireless internet! Using the latest cellular and radio technology, WISPs can provide high-speed broadband access in large areas at a fraction of the cost; especially in remote areas.
MAD | NFT [NFT Marketplace and Metaverse]
NFTMetaVerse
Funded
Investment
$550K
The Worlds most exclusive NFT platform for Art, Music, Sport and influencers. We aim to give artists the shop window they need and deserve to finally get rewarded for their creativity. We do this by getting the artists to tell their story, and provide verifiable social media links, giving investors the information they need to determine who they feel may rise to future prominence allowing them to choose carefully.
Infra
Posted
Investment
$350K
Reference Protocol is a decentralized, multichain Web3 assets data layer that provides easy to consume, standardized on-chain Web3 asset data aggregated from various blockchain networks and marketplaces, for anyone building Web3 asset applications.
DAOInfra
Partially Funded
Investment
$100K
Our vision is to be the leader in solving problems for DAOs, their members, and Web3 explorers. Think LinkedIn + Glass door + Trello for DAOs. We will be the go-to platform for managing, analyzing, joining, and growing DAOs in all ecosystems.
ImpactNFTDAO
Funded
Launch Grant
$55K
“Every Time I Definitely Would” will be a 6-8 minute short animation film that kickstarts my Web3 platform, where Athletes can own their IP, and have a more ethical and equitable outlet for creative expression.
NFTMetaVerse
Funded
Launch Grant
$20K
SAN is a first-of-its-kind Web3 physical technology project the eligantly blends technology, community, design, and music. The team is comprised of some of the most impressive non-web3 and web3 designers, artists, and engineers. Prior team work experience, includes Monster, Beats by Dre, Apple, and Uber.
MAD | NFT [Financial Handler]
NFT
Posted
Launch Grant
$20k
Funding to support MAD NFT on-boarding of a financial handler.
Payments
Posted
Investment
$250K
C14’s mission is to enable users across the world to seamlessly enter and exit the crypto ecosystem. C14 is building an e-commerce-like platform that can be deployed across projects (exchanges, wallets, dApps, etc.) to enable easy ramping in and out of digital assets.
DeFi
SignedApproved
Investment
$250K
Deepwaters is a market-responsive Automated Market Maker (MRAMM) based Decentralized Exchange (DEX) with automated underwriting, collateralization, risk management, and auto-rebalancing. It seeks to solve a number of challenges that have been presented to the industry by the latest evolution of AMM based DEXs called Concentrated Liquidity Provision (CLP).
Infra
Posted
Investment
$250K
We are working on foundational privacy infrastructure for the Web3, and the digital world in general, by creating an incentivized mixnet that allows for the private transmission of any kind of data while providing full transport level metadata privacy for both sender and recipient.
NFT
ApprovedSigned
Investment
$50K
Protego is building risk assessment systems for NFT and blockchain interactions. Our platform will act as the compliance layer in a Metaverse future. Imagine making a Metamask Ethereum transfer, buying an Armour NFT in Metaverse, etc., and getting a risk assessment of the interaction even before it happens.
Infra
Posted
Investment
$200K
ZKmaps enables users to prove their location within a bounding area, GEOfencing, without disclosing their exact location using ZK snarks. This project was developed during ETHDenver 2022 and won along with 30 finalists, and received the 4th place in funding the Quadratic founding voting of the community.
Infra
Posted
VR-as-a-service platform
GameFi
Posted
Investment
$250K
GameFi Crossing (GFX), formerly known as Freyala, is currently going through an intense rebrand. GFX is determined to bring traditional gaming to Web3, from idle browser games to full-fledged 3D modeled executables - bringing Web3 to the next level.
NFTGameFi
Funded
Investment
$250K
Mars colony is an NFT-land based GameFi project which will be complete with NFT avatars, plot/quests, land upgrades, and more. A thorough in-game and cross-chain DeFi ecosystem with a DEX, stablecoin, and lending/borrowing platform are being built into the platform as well.
NFTInfraMetaVerse
Funded
Investment
$550K
eVerse is a landscape video social application and a first use case of how the eVerse.tv platform can be used. We are building for the long term, with elements of our development roadmap looking out for years to come. The team is led by talended individuals coming from Microsoft, Adobe, Paramount Pictures, and more.
Impact
ApprovedSigned
Investment
$350K
EthicHub is an ecosystem to boost and secure impactful financial inclusion for smallholder farmers in a win/win model where all stakeholders benefit from interacting.
Impact
Approved
Investment
200
Charitable giving marketplace & ESG platform for companies, to be deployed on web3
Infra
Funded
Investment
$200K
Morphware crowdsources latent computing capacity from gaming rigs to train machine learning algorithms. Gaming rigs running Morphware bid on workloads posted the network in a sealed-bid auction and are compensated in MorphwareToken currently live on Ethereum mainnet and will be porting to Harmony.
DAO
Approved
Launch Grant
$20k
Proof (https://www.myproof.xyz/) turns your wallet into your web3 contribution profolio. Proof allows people to mint NFT to prove their on-chain verified proofs of work. It allows contributors to quickly showcase their capabilities through work NFT to DAO organizers.
GameFi
Approved
Launch Grant
$50K
MetaCraft: community-driven & play-and-earn gaming metaverse platform
Infra
Approved
Investment
250
Harmony DID Service and the Integration with Harmony Naming Service
MetaVerse
Posted
Investment
50
TCG World is the largest open world blockchain based game where players can earn TCGCoin 2.0, gather NFT collectibles, own virtual real estate, create, explore the game world, control their own online businesses, or just have fun.

Q & A

Q: Can my other co-investor be a Harmony contributor? Or anyone from the community?

A: Pick 1 person from the core full-time team to form a 2-of-3 multisig with the 3rd person being li/giv/peter.

Q: We’ve formed a team and we have a multisig wallet configured. Now what?

A: Time to draft your investment thesis and post it on the forum. the first step for giving out grants/investment is also write out your own bio, focus, theses on /forum. you need to “sell yourselves” as well. Example here. Complete test transactions and ping Li for initial funding.

Q: We’ve found a team we really like, how do we move forward?

A: As an investor, it’s up to you to perform due diligence on the team to make sure it is aligned with your investment thesis. Like any startup investment, it is recommended to consider some of the following areas: Risks, Technology, Product/Solution, Competition, Market Opportunity, Financial/Funding strategy. Ask yourself if the team can execute and solve a much-needed problem. See this due diligence checklist.

Q: We’ve done our research and want to invest in a team. How much should we invest?

A: Each team decides allocation per project.

Q: I don’t understand the 20% bonus split. How will that work?

A: Harmony will calculate the realized gain of your investment between the initial investment and 12/31/2022 and pay 20% of the increase as bonus, to be split amongst the two teammates on each project x team.

  • Payment: preference is ONE. only in stablecoins and other crypto if they require.
  • If they don’t have a product: must have done similar products before, or come from similar industry, or have a great deck / proposal
  • Seed funding: $2-5m is typical, valuation at $10m, usually want around 6-10 partners, equaling 200k each partner. 2nd round valued at 2x or 2.5x more. Must have extraordinary product if they start valuation at 20m 1st round / 50m for 2nd round
  • Lead investor has majority % of funding
  • Separating project x from regular grants: can direct projects to apply regardless if they fit into project x teams
  • 100k Individual Grants: DAOs = 10k ; Launch Grants = 50k ; direct projects to apply on talk.harmony.one and then comment on post for approval

🤯 Project X