Sneak Peak: "Pitch your permaweb app!"
Winner and Investment Announcement
The Open Web Incubator is a six-week-long online incubation programme endowed with an investment pool of $100,000 to be invested in PST-backed permaweb apps.
During the course of the programme, participants will have the opportunity to:
Participants are encouraged to create engaging, user-centric applications on the Arweave network, integrating Arweave’s profit-sharing token (PST) technology. PSTs are a fundamentally new way of incentivizing founders to build web services. Integrating a PST enables devs to earn a stream of micro-dividends from the usage of their permaweb app, as well as to sell access to these futures profits to interested investors. If you’d like to read more about how PSTs work, you can find out here.
The aim of the programme is to guide you from the seed of your initial idea into a fully-fledged, revenue-generating permaweb app. Along the way we will help connect you with high-quality mentors and the best advice on building web apps that gain major traction. After you have built, launched, and demoed your permaweb app, we will consider it for funding from our $100,000 investment pool. Through the incubator’s demo day we will also connect you with other interested parties that may want to purchase part of your profit sharing token.
As well as hacking, each week of the incubation period includes a mixture of masterclasses, workshops, community events, and investor feedback, all culminating in a Demo Day on week six where projects will pitch to potential investors. A week later, the top projects will be announced together with the investments they have secured so far.
You can find the docs for getting started deploying your first permaweb app here.
The docs for the JS library that allows you to read from and write to the permaweb are here.
A guide for spinning up your SmartWeave PST can be found here.
If you need technical support, join our developers’ Discord here where core Arweave team members and community members can offer you guidance.
The investment pool of $100,000 will be split amongst the top projects as chosen by the core Arweave team, taking feedback from expert judges from Andreesen Horowitz, Union Square Ventures, 1kx, and Multicoin Capital. This investment will be made in exchange for an amount of the top apps’ profit sharing tokens (PSTs), to be defined in negotiation with the submitting individual or team following the incubator programme.
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When your team is formed please have one of your teammates navigate to each prize page you plan to compete for and click the “Start Work” button.
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When your project is completed, submit your work by clicking the “Submit Work” button on the prize page/
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