Ventura
Venturâ is a blockchain-based platform designed to connect startups with venture funding. It simplifies access to funding by leveraging blockchain for enhanced transparency and security.
Created on 25th August 2024
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Ventura
Venturâ is a blockchain-based platform designed to connect startups with venture funding. It simplifies access to funding by leveraging blockchain for enhanced transparency and security.
The problem Ventura solves
What is Venturâ?
Venturâ is a blockchain-based platform designed to connect startups with venture funding, making the process of securing financial support transparent and secure. The platform stands out with features like video pitches, easy loan requests, and a flexible Know Your Customer (KYC) process.
How Venturâ Can Be Used
- Securing Venture Funding: Startups can showcase their business plans and connect with potential investors, simplifying the venture capital process.
- Video Pitches: Startups can upload short video pitches to present their vision, making it easier for investors to connect with their ideas.
- Streamlined Loan Requests: The platform offers a user-friendly interface for requesting loans with clear terms, making it easier to access capital.
- Flexible KYC Process: KYC details are securely stored and only activated if necessary, reducing the administrative burden on startups.
How Venturâ Makes Tasks Easier and Safer
- Enhanced Transparency: Blockchain technology ensures all transactions are transparent, building trust between startups and investors.
- Improved Security: Data is securely stored on the blockchain, preventing tampering, especially with sensitive information like KYC details.
- Simplified Funding Access: The platform reduces the time and effort required to secure funding, allowing startups to focus on growth.
- Innovative Pitching Tools: Video pitches offer a dynamic way for startups to present their ideas to investors.
Venturâ's Impact
- For Startups: Venturâ empowers startups by providing the tools needed for growth and innovation.
- For Investors: The platform builds trust through transparency, offers deeper engagement with startups via video pitches, and provides opportunities to diversify investment portfolios.
Conclusion
Venturâ revolutionizes how startups access funding by offering a secure, transparent, and efficient platform
Challenges we ran into
Hurdles and Challenges Faced
As someone who just started learning blockchain technology a month ago, I originally planned to deploy on Sepolia. However, after attending a few workshops, I decided to try building on Avalanche instead. This shift introduced some unexpected challenges, especially when it came to getting the right Hardhat configuration and integrating the thirdweb SDK.
1. Hardhat Configuration Issues:
One of the biggest hurdles was setting up the Hardhat config to work seamlessly with Avalanche. Since I was still getting familiar with the environment, it required a lot of debugging and brainstorming to resolve conflicting dependencies and ensure everything was set up correctly. This process took up a significant amount of time and effort.
2. Thirdweb SDK Integration:
Integrating the thirdweb SDK into the project was another challenge. The documentation was helpful, but I still ran into issues that weren’t straightforward to resolve, especially with the limited experience I had. This was a major time sink, and it felt like I was constantly hitting roadblocks.
3. Team Challenges:
My team is relatively new to hackathons, so while everyone contributed the best they could, we still struggled to write as much code as we wanted. The steep learning curve and time spent resolving configuration issues meant we fell short in terms of output.
Overcoming the Challenges:
Despite these challenges, we managed to push through by staying persistent and leveraging community support. I spent a lot of time on forums and reaching out to others who had faced similar issues. Ultimately, by methodically working through each problem and collaborating closely with my team, we were able to overcome the biggest hurdles and get our project running on Avalanche.
This experience taught me a lot about patience and problem-solving in a rapidly evolving field like blockchain, and I’m excited to keep learning and improving from here.
Tracks Applied (1)
Build On Avalanche
Avalanche
Technologies used