Chicago Tech Week witnessed a significant gathering of Web3 and AI innovators as Ga^3in Ventures and Fibonacci Capital successfully orchestrated their Web3 & AI Pitch Competition and VC Networking event. The competition took place during Web3 Investors Day, drawing together leading venture capitalists, entrepreneurs, and technical builders who are pushing the boundaries of Web3 and artificial intelligence technologies.
The event showcased both emerging startups and established portfolio companies from Ga^3in Ventures. Companies including Antix, Web3 Enabler, Zkalyx, Reveel, and Valt demonstrated their cutting-edge solutions, presenting everything from AI-powered digital twins to advanced financial infrastructure systems that offer insights into the future of decentralized computing and intelligent systems.
Competition Winner and Participant Highlights
MyFye emerged as the competition winner, impressing judges and attendees with their comprehensive vision and execution strategy. The winning team expressed gratitude for the opportunity, stating they enjoyed competing against a strong field of startups and thanked Ga^3in Ventures along with sponsors for supporting their mission to bridge emerging economies with global markets. MyFye revealed plans to launch their product in Mexico next month while actively pursuing a $1M seed funding round at a $9M valuation to support go-to-market strategies, user acquisition, and engineering team expansion.
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Several innovative startups participated in the competition, including Deltaic, Inc., Unicorns, Inc., and Ndeipi. Dr. Tyrone Moodley, Founder and CEO of Ndeipi, described the experience as incredible, noting the room was filled with builders and investors actively shaping the future of finance and technology. Ndeipi presented NdeipiCoin, their utility token designed to promote financial inclusion across Africa and the Diaspora through platforms like BelieveInUnity.com, which connects smart contracts, community banking, and decentralized finance. Additional participants included LTFY and Sarf, each bringing unique solutions to the competition.
Judge Panel and Industry Perspectives
A distinguished panel of judges provided valuable insights and expertise to evaluate the competing startups. Wilson Veech from reDeFi Capital expressed particular interest in stablecoin and yield-focused presentations, mentioning their upcoming Crypto Special Situations Fund II launching this fall, which will concentrate on specialized yield opportunities and perceived market mispricings in the crypto sector.
David Uhryniak of TrueScope Ventures praised the innovative companies and their creative business approaches, highlighting how these startups apply emerging technologies to enable new markets, develop novel products and services, and address existing challenges. He commended the well-curated nature of the event and expressed pleasure in participating.
Adam Mastrelli from 57 Maiden identified Web3 Investor Day as his preferred crypto conference in the Midwest region, describing the addition of Ga^3in Ventures’ pitch competition as a brilliant decision that created one of the most unique events he had attended. Abdul Al Ali, Venture Investor at Decasonic, expressed honor in hosting their 4th Annual Web3 Investor Day alongside Ga^3in Ventures and Fibonacci Capital, noting his privilege in hearing from top founders building the next generation of Web3 and AI market leaders.
The event distinguished itself through both the quality of participating startups and the carefully crafted experience it provided to founders and investors alike. With Ga^3in Ventures leading the pitch competition format, the gathering evolved beyond a simple showcase into a meaningful convergence of innovative ideas and investment capital. Sergey Khusnetdinov, Managing Partner at Ga^3in Ventures, emphasized their belief that the convergence of Web3 and AI is fundamentally redefining technological possibilities, praising Chicago’s energy and talent while expressing confidence that the next generation of industry-defining companies is currently being built.
Looking ahead, Ga^3in Ventures and Fibonacci Capital are expanding their Web3 & AI Pitch Competition series to Berkeley on August 4. Startups can now apply to compete for exclusive prizes sponsored by Quill Audits, Aethir, and other partners. The organizers extended gratitude to Decasonic for hosting Web3 Investor Day, sponsor Mercurio, and Quill Audits for supporting the winner’s prize.
Market Implications
The successful execution of this high-profile Web3 and AI competition signals growing institutional interest and organized support for emerging technologies in the crypto space. The event’s focus on practical applications and the quality of participating ventures suggests continued momentum in Web3 adoption and AI integration within decentralized systems.
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