Alliance Announces ALL18 Project List, Admits 19 Startups

Alliance has announced the project list for ALL18, receiving 2,500 applications and ultimately admitting 19. 35% of the founders come from the top five universities globally, 25% have previous successful entrepreneurial exits, and 20% hail from Meta, Apple, Nvidia, Google, OpenAI, or SpaceX. The project directions cover robotics, AI, stablecoins, energy, and on-chain infrastructure. Tera Compute provides GPU leasing for AI startups and has signed a $20 million contract; UpDown offers short-term trading for stocks and crypto assets with a weekly nominal trading volume of $1.5 million; Wallib provides stablecoin dollar accounts for immigrants in the U.S. and Latin America, with a weekly TPV of $1.3 million; Suno tokenizes the revenue from solar power plants, having allocated $1.3 million in earnings; Cloud9 offers cross-border payment accounts for small and medium-sized enterprises in Africa. Currently, Alliance has opened applications for ALL19, with a deadline of November 18.

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