NippyLabs - A Rising Star in the Blockchain Sector
Innovative Blockchain Solutions Backed by AlphaTrue
"In a landscape where blockchain technology ideas are becoming increasingly abundant, clear, concrete, and feasible products are key to attracting investment." shared Tran Dinh, CEO of AlphaTrue.
Following the SEC approval of the BTC ETF on January 10, 2024, and the ETH ETF on May 23, 2024, the blockchain and digital asset industry has been experiencing significant growth, increasingly integrating with traditional financial technology. Projects with clear visions and directions are thriving, while many impractical ideas have fallen by the wayside. Unlike the periods of 2019 and 2021, today's market demands practical and executable projects.
AlphaTrue, a pioneering company in blockchain applications in Vietnam and a member of the Vietnam Blockchain Association (VBA), has successfully invested in numerous blockchain startups across various stages and sectors. Since 2021, AlphaTrue has consistently captured new trends to implement effective investment strategies. Understanding the investment trends according to the development phases of the industry is crucial in distinguishing potential startups.
Tran Dinh, CEO of AlphaTrue, shared, "Drawing from the lessons of the ICO boom in 2018-2019 and the GameFi surge in 2021, when just a Pitchdeck and a few images could raise $3-5 million, or even $10 million, only to later result in significant losses for investors, the trend in 2024 is towards complete products with significant business potential and tangible cash flow, similar to traditional startups."
NippyLabs - A New Star in Blockchain
AlphaTrue decided to invest in NippyLabs, a promising blockchain startup, at an early stage. The combination of inherent potential and strategic direction from AlphaTrue has enabled NippyLabs to consistently develop comprehensive products that align with market trends and attract investors. The synergy of appropriate business ideas, the company's execution capability, and strategic guidance are crucial factors for the growth of a tech startup, particularly in blockchain.
Hoang Minh Tri, founder and CEO of NippyLabs, stated, "The demand for tracking, controlling on-chain data, and tokenizing real-world assets is increasing, providing tangible value for blockchain users and investors. This is the direction NippyLabs will pursue in the coming period."
Currently, NippyLabs specializes in providing integrated blockchain solutions, auditing smart contracts in DeFi (decentralized finance), NFT (non-fungible token), GameFi, and Data Tracing (blockchain data tracking tools). NippyLabs is focused on building tools for monitoring and processing on-chain data and the process of tokenizing real-world assets.
Recently, at the ETH Vietnam 2024 event held from March 15-17, 2024, in Hanoi, NippyLabs won two first prizes in two categories from Mina and Polygon in the Hackathon competition attended by Ethereum founder Vitalik Buterin. NippyLabs' products are gaining significant interest from users and major investors.
Conclusion
The success of NippyLabs clearly demonstrates the importance of combining innovative ideas with high execution capability. As the blockchain technology sector continues to grow rapidly, startups like NippyLabs not only create real value for users and investors but also contribute to the overall progress and innovation of the industry. With support from AlphaTrue and clear strategic direction, NippyLabs promises to continue advancing, becoming one of the leading names in the blockchain field in Vietnam and globally.