The Baking Sheet - Issue #159
Tezos on the Rise – Ticketing Disruption, Real Estate Revolution, Hackathon Fever, and More!
Welcome to this week's edition of "The Baking Sheet," your definitive source for all things Tezos. As we journey through the vast, innovative Tezos landscape, we are excited to share insights about the latest projects and developments across the Tezos ecosystem. The Baking Sheet brings you up to speed on the vital role Tezos continues to play in the transformation of the digital landscape.
In this issue, we delve into the world of blockchain-powered ticketing with Get Protocol, explore the democratization of real estate investment through Fraktion, and countdown to the Tez/Dev 2023 conference. We also bring you updates on the TezAsia Hackathon 3.0 and the partnership between Marigold and MawaHub. Plus, don't miss the latest on Tezos Link, the platform revolutionizing dApp development. Get ready for a packed newsletter of exciting developments in the Tezos ecosystem.
Revolutionizing Ticketing: How Get Protocol is disrupting a $77 Billion Industry
NFT ticketing company Get Protocol, recently raised $4.5 million, launching its “Web 2.5” alternative to industry giant Ticketmaster.
Why it matters: As the blockchain-based ticketing sector continues to evolve, Get Protocol's fundraising victory emphasizes the growing role of the Tezos network in the Web 2.5 landscape.
Driving the news: despite operating relatively under the radar, Get Protocol has made notable strides by issuing over 4 million blockchain-based tickets. The company has worked with major artists and comedians, including Ne-Yo, Gucci Mane, Lewis Capaldi, and Louis C.K.
Get Protocol, operating on the Tezos blockchain, raised $4.5 million in a round supported by significant names like the Tezos Foundation.
Over 4 million blockchain-based tickets have been issued by Get Protocol, featuring artists like Ne-Yo, Gucci Mane, Lewis Capaldi, and Louis C.K.
Get Protocol is preparing to revolutionize the ticketing industry, estimated to be worth $77 billion by 2023.
The fundraising is accompanied by a partnership with the Tezos Foundation, with Get Protocol integrating its NFT ticketing solutions with Tezos' upcoming EVM network upgrade.
CEO Maarten Bloemers highlighted the importance of this partnership, dubbing Tezos as the "crypto big brother in the space".
Be smart: Get Protocol's fundraising round was supported by influential names in the crypto space, one of the most significant being the Tezos Foundation. As the company prepares to revolutionize the gatekept ticketing industry - projected to generate $77 billion revenue by 2023 - the role of Tezos' blockchain technology is pivotal.
The unique "Web 2.5" approach by Get Protocol effectively combines traditional systems with blockchain tech, utilizing Tezos to ticket mainstream events "with crypto under the hood."
What they're saying: “It took seven years to know that everything works in order to scale up. We think it’s time to try to grab crypto attention,” Get Protocol CEO Maarten Bloemers told Decrypt.
The big picture: The recent fundraise is accompanied by a partnership with the Tezos Foundation. Get Protocol will integrate its NFT ticketing solutions with Tezos' upcoming EVM network upgrade, further solidifying Tezos' role as Get Protocol's default blockchain.
Bloemers noted that this partnership makes Tezos the "crypto big brother in the space," providing both entities a formidable presence in the rapidly evolving crypto world.
The bottom line: Tezos' partnership with Get Protocol presents a compelling case for the application of blockchain in revamping traditionally gatekept industries. It reaffirms Tezos' commitment to nurturing projects demonstrating the practical applications of its blockchain technology and sets the stage for a more secure, efficient, and transparent ticketing solution.
Fraktion: Democratizing Real Estate Investment via Tokenization
The Big Picture: French platform, Fraktion, is setting out to democratize real estate investment, enabling an entry ticket from just €10. The company does this by tokenizing properties into security tokens. Within 6 to 18 months, Fraktion aims to implement a secondary market and connect with DeFi.
Why It Matters: Real estate tokenization has been hyped since 2015, with little to show for it, according to Florian Freyssenet, founder of TokenLand. Nevertheless, actions are multiplying, as demonstrated by Fraktion's public launch on July 11th.
Key Players: Fraktion works with Tezos, a well-established European blockchain. Vincent Pastor, CEO of Fraktion, cites several factors in choosing this platform, such as its performance, low transaction costs, and the development team's technical expertise.
Fraktion views Tezos as the "best choice" for their tokenization endeavors.
The startup plans to continue development on the Tezos network, including integration of DeFi elements in the next 12-18 months.
Users can start investing with as little as €10, acquiring security tokens tied to property-backed convertible bonds.
Fraktion is working with real estate leasing company, Sezame, and plans to add more partners in the near future.
The company aims to attract a broad range of investors, and plans to offer a secondary market for its tokens within 6 to 18 months.
Looking Ahead: Fraktion aims to open the real estate investment market to investors with lower available capital. The startup is striving to become a kind of OpenSea for real estate, attracting both professionals and individuals with physical properties. The company is also eyeing a secondary market for the tokens, with peer-to-peer transactions in 6 to 8 months and hopes to add a DeFi element within 12 to 18 months.
The Bottom Line: In 2023, Fraktion aims to have €8 million in tokenized assets, equating to 30 to 40 properties. By September, they expect 25 properties to be accessible on their platform. They have set a target of €50 million in tokenization for next year. The company makes money by collecting fees at the issuance of tokens and during certain events. In the long term, on the secondary market, the startup plans to apply "marginal" fees on transactions, "no more than 1 to 1.5% of the token's value".
Tez/Dev 2023 — ONE WEEK LEFT
The highly anticipated second annual TezDev Conference, aimed at bringing together blockchain enthusiasts, developers, and innovators within the Tezos ecosystem, is set to take place. This event serves as a platform to connect, learn, and celebrate the cutting-edge of the web3 revolution.
Why it matters: As blockchain technology increasingly permeates various sectors, being on the front lines of innovation and understanding trends is crucial. This conference provides the opportunity to tap into the global network of Tezos, a versatile and eco-friendly blockchain.
Connect with the Global Tezos Developers: The event is a golden opportunity to engage with international Tezos developers, providing insights into blockchain development on this highly adaptable platform.
Learn from Ecosystem Teams: The conference will host a series of expert talks, offering invaluable knowledge from some of the brightest minds in the blockchain realm, giving attendees a panoramic view of the advancements in the industry.
Celebrate the Tezos Ecosystem: The conference also serves as a celebration of the global Tezos ecosystem, highlighting the diversity of the Tezos community that spans across continents.
This Week in the Tezos Ecosystem
TezAsia Hackathon 3.0: Unleashing the Future of Blockchain Development
For the third time, the pan-Asian TezAsia Hackathon returns to fuel the competitive spirit of blockchain developers across the continent. This month-long extravaganza promises an exciting blend of innovation, competition, and incredible learning experiences in Tezos technology.
Unleashing the Power of Blockchain Development
This inclusive hackathon invites participants from diverse backgrounds – students, professionals, blockchain enthusiasts, and developers, both seasoned and new, to participate. Candidates can register individually or form teams of up to four members.
Driving Innovation, Solving Real-World Problems
The event is not just a coding challenge, but a fertile ground for cultivating innovation and solving real-world problems. With $30K in prizes, grants worth up to $100K, and the prospect of joining the most eminent dApps and Tezos entities, the event could be a career-defining opportunity for many participants.
A Roadmap to Glory
The hackathon is neatly divided into different stages - a workshop, mentoring & support, and project submission, ensuring a robust ecosystem for all participants to showcase their skills effectively.
Choose Your Battlefield
Participants can navigate their journey through multiple tracks including DeFi, NFT & Collectables, NFT-Fi, Rollup, Gaming, Tools & Wallets (Open Track), and Web3 integration with Web2 (Open Track). Each track offers a unique set of challenges and opportunities.
Guidelines for Participation
Submissions will be accepted through GitHub. Detailed instructions are provided, covering each step from forking the TezAsia-2K23 repository, to creating a unique project folder, to pushing your code base, and finally submitting the smart contract code.
A Bounty of Rewards
Participants stand a chance to win hefty cash prizes across different categories, with rewards scaling up to $1800 for individual track winners. Moreover, the "Disrupt all the things" category offers up to $2400 for the most disruptive and innovative projects.
More Than Just Prizes
Beyond cash rewards, participants making valid submissions also have opportunities for internships, PPOs, and small grants. An additional enticement is the potential for up to $100K in grants, subjected to thorough business feasibility review.
Fostering Teamwork, Offering Support
To assist the participants, the TezAsia team offers guidance for team formation and troubleshooting. They can be reached conveniently via Discord for any queries related to the event or project development.
As of today, the TezAsia Hackathon 3.0 has garnered considerable attention with over 3,133 registrations. There's still room for more, with the application deadline looming 17 days away. The event allows for a team size of 1 to 4 members, offering flexibility for individuals and groups alike. Impressively, the Hackathon has racked up more than 754,002 impressions, pointing towards its broad reach and the heightened anticipation surrounding it. For more information and to apply, visit the TezAsia Hackathon 3.0 website.
Marigold and MawaHub Announce New Partnership for Blockchain Training Program
Marigold has partnered with MawaHub to introduce a strategic training program for blockchain adoption. This French-Algerian initiative launched in June 2023, is a collaboration between l’Institut Français d’Algérie, IncubMe, Creative Valley, and the Ministère des Affaires Etrangères Français.
Why it matters: This partnership is a significant stride towards advancing blockchain technology in the Mediterranean region. Marigold offers the participants of MawaHub's accelerator program strategical consulting, Web 3 architecture training, and high-level mentoring.
The details: The MawaHub program draws together 50 candidates with Art & Culture or Digital technologies backgrounds to cultivate their projects. After an initial call to participation in April, the program kicked off in Alger in May. The teams are currently working in Paris during a 6-week immersion/incubation phase before they return to Alger for a 9-week accelerator phase.
The first cohort will gain from over 400 hours of mentoring by more than 20 experts. Benjamin Fuentes, Tech Lead and Tezos Adoption advocate at Marigold, has given introductory talks about Web3, Tezos and LigoLANG smart contract language.
Marigold has pledged to provide 70 hours of support to eight different teams, guiding them with blockchain strategic consulting that covers a broad range of topics. Marigold's team of mentors have also been conducting technical workshops and discussions throughout the program to evaluate the understanding of the Web3 strategy in each project.
The big picture: This collaboration signifies Marigold's commitment to expanding the Tezos ecosystem and contributing to broader blockchain technology adoption. MawaHub's objective aligns with this, as it aims to launch artistic projects within the Web3 ecosystem and harness Art and Tech talents to help shape the culture of tomorrow. Marigold and MawaHub are working towards making blockchain technologies emerge in Algeria, contributing to the global push for blockchain adoption.
For more details about the program, please visit Marigold's official announcement.
Marigold Announces the Launch of Tezos Community: A New On-Chain Registry
Marigold has unveiled their latest community-based project, the Tezos Community. This project represents a new on-chain registry for individuals and entities within the Tezos ecosystem.
Why it matters: This innovative platform aims to connect various Tezos organizations and members in one central location, offering a way for community members to engage, network, and collaborate. The initiative will also help in prioritizing important messages, keeping trollers at bay, and facilitating funding for ecosystem projects.
Tezos Community aims to connect Tezos organizations and list members of the Tezos community in one place.
It enables anyone to create an organization, be it marketing, project, Discord channel, etc.
Anyone can join an organization by providing a valid ID (name, social handle, tz address).
Organizations are allowed to add as many members as they wish.
It is designed to prioritize crucial messages while filtering out irrelevant or troll messages.
It aims to serve as the starting point for funding ecosystem projects.
The big picture: The launch of Tezos Community marks an important milestone in the growth of the Tezos ecosystem. This platform will encourage more open communication, collaboration, and innovation within the Tezos community. By linking all organizations and members in a single location, Tezos Community will undoubtedly play a crucial role in accelerating the expansion and development of the Tezos ecosystem.
Go Deeper: The development of Tezos Community is still in progress, and Marigold invites the community to share their ideas and suggestions. For more information about this project, visit the Tezos Community website.
This Week in Tezos Development
Tezos Link | Smartchain
Developers, pay attention! Smartchain has introduced a platform called Tezos Link that promises to redefine your experience when working with requests on RPC nodes while building decentralized applications (dApps) on Tezos.
Tezos Link is a free and scalable API, providing gateway access to the Tezos network and usage analytics for your projects.
It's designed to boost your dApp development journey, making it simpler and more efficient.
The platform assures your decentralized application scales to meet user demand with its robust infrastructure.
Built for Developers: Instant access APIs let you connect your app immediately. Tezos Link supports RPC over HTTPS interfaces, providing high-speed connections to the Tezos network.
Built for Ease: Start using Tezos Link with a single URL. Its dedicated team is available 24/7, ready to handle all network changes and upgrades, allowing you to concentrate on building your applications.
Built for Builders: Tezos Link is designed with a strong belief in a future powered by decentralized networks and protocols, providing world-class infrastructure for developers.
Scalable: The architecture scales up Tezos nodes with an increase of requests, supporting the workload required by your project.
Already trusted by hundreds of developers, Tezos Link is used worldwide by numerous production applications, allowing the benefit of its features without the need to install or manage a single node.
For additional insights, the Tezos Link dashboard provides valuable statistics from your utilization of the APIs.
Curious to learn more? Dive into the Tezos Link documentation and start improving your dApp development experience today.
Don't miss out on our latest episode of TezTalks Radio: 'Generating fx(hash) with Paul'.
Join us as we delve into a fascinating discussion with Paul, the COO of fx(hash). Gain insights into the process of constructing one of the most acclaimed NFT platforms on Tezos.
You can stream this compelling episode on a variety of platforms:
Join us and explore the incredible story of fx(hash)— built on Tezos.