The Good Tech Companies - Web3-native Advertising Platform Slise to Be Acquired by Media Conglomerate Web3 Media Ventures

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Web3 native advertising platform Slize to be acquired by media conglomerate Web3 Media Ventures by Slize. Wilmington, 5 December 2024. Web3 Media Ventures, W3M Ventures, an investment firm with a Web3 and AdTech focus, has reached a definitive agreement to acquire Slize.zi, Slize, the largest Web3 native advertising platform. This acquisition has a strategic significance for W3M Ventures and its commitment to advancing digital advertising technologies and enhancing user privacy in the Web3 ecosystem through the integration of Slice's on-chain data-powered advertising platform into its portfolio.

Starting point is 00:00:51 Equals Equals Slice, founded in 2022 by a group of Y Combinator alumni, has quickly established itself as the go-to solution in the Web3 native advertising space by leveraging on-chain data to provide tailored ad experiences across decentralized applications, DAPPs, Equals Equals, including DeFi protocols, NFT analytics tools, blockchain explorers, and Web3 gaming platforms without relying on cookies. The company's innovative approach analyzes users' blockchain activity to deliver hyper-targeted advertisements while prioritizing user privacy and data protection. Today, Sly's ads reach more than 6 million active crypto users and count the largest brands in the space including PayPal, Metamask, Revolut, and OKEx among its clients. This acquisition marks a significant step forward for W3M Ventures as it continues to

Starting point is 00:01:35 expand its vision for decentralized advertising technology. The company has interests in various Web3 and crypto adtech platforms including AADS, the oldest traditional ad network in the crypto space. The acquisition of Slize represents a pivotal moment in our journey to revolutionize digital advertising for the Web3 era. The spokesperson for W3M Ventures said, Their groundbreaking technology aligns perfectly with our vision of creating more effective, privacy-centric advertising solutions for the decentralized web. Alexei Sidorov, co-founder and CEO of Slize, added, W3M Ventures is the perfect catalyst

Starting point is 00:02:14 for Slice's growth as they have experience and resources to accelerate the adoption of on-chain data in digital advertising space for a more fair and transparent future. The team and I couldn't be more excited to make our contribution to this change. Reflecting on the journey, Alexei shares insights into the growth and development of the company during crypto winter. The beginning of Sly's coincided with the collapse of Luna and later FTX which initiated a downturn of the crypto market. Economically, it didn't make any sense, only our belief in the potential of on-chain data for ads pushed US forward, it wasn't a smooth journey, very few VCs shared our beliefs.

Starting point is 00:02:51 Slice didn't close huge rounds despite later having 6-digit revenue, neither did we receive countless grants, we were underdogs, surviving, while our token first competitors raised tens of millions before even having a product. I don't think the crypto market incentivizes building good products. Only independent thinking from first principles took us where we are now. We've never sponsored a side event or entertained people on X, instead, we stayed frugal and focused on client acquisition and operational efficiency. This all helped US build a business value and a dominant market position which W3M Ventures

Starting point is 00:03:26 acquires today. Equals equals the integration of Slize into Web3 Media Ventures portfolio is expected to be completed within the next quarter. Clients and partners can anticipate new, enhanced advertising experiences in the coming months. The Slize team will help transition the Slize.zi business under W3M Ventures management while the core personnel will continue working on its new non-competing product Dice.app, an AI-powered sales CRM for crypto teams on Telegram. About WEB3 Media Ventures Web3 Media Ventures is an investment firm with equity and digital

Starting point is 00:04:02 asset holdings in Web3 and adtech platforms. W3M Ventures has been founded by crypto-entrepreneurs turned investors with a collective experience of more than 50 years in the blockchain space. Crypto-enabled advertising was the early focus of the W3M Ventures founders in the very early days of Bitcoin. About SLISE SLISE is a Web3 native programmatic advertising platform that utilizes on-chain data to provide targeted advertising solutions across decentralized apps and blockchain explorers. Founded in 2022 by Y Combinator alumni Alexey Sidorov, Dmitry Radkovsky, and Aditya Mehta, it was backed by Alliance and incubated by Binance Labs. Slize has quickly become a leader in privacy-preserving,

Starting point is 00:04:46 blockchain-based advertising technology. In February 2024 the startup reached profitability. For press inquiries and founders at Slize.zi and thank you for listening to this HackerNoon story read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

The Good Tech Companies - Web3-native Advertising Platform Slise to Be Acquired by Media Conglomerate Web3 Media Ventures

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.