Non-fungible tokens hosted on Ethereum have been the top most traded NFTs this October. In the past 30 days, Ethereum-based NFTs have recorded a trading sales volume of $170 million. Ethereum NFTs have fallen 18.27% this month from the previous month.

NFT Sales Fall 23% In October – Here’s The NFT Market Prediction For November 2023

According to our DMarket price prediction, DMT is forecasted to trade within a price range of $ 0.004023 and $ 0.004024 this week. DMarket will increase by 0.00% and reach $ 0.004024 by Oct 16, 2023 if it reaches the higher value target. What is the ...

DMarket (DMT) Price Prediction 2023, 2024, 2025–2030

DMarket has emerged as a well-established and versatile platform that caters to the vibrant world of video game item trading. With a strong focus on popular titles like CS:GO, Dota 2, TF2 ...

Exploring Rust Trading Sites In 2023

Get the most recent info and news about DMarket on HackerNoon, where 10k+ technologists publish stories for 4M+ monthly readers.

DMarket is an in-game item and NFTs trading platform, and technology for building metaverses. The first DMarket platform launched in 2018 to give game developers and players easy access to the multi-billion-dollar economy. Built on distributed ledger technology for transparent, secure transactions, the platform processes every operation in real-time using machine learning algorithms and AI-based predictions for pricing, demand, and availability. In August 2019 DMarket launched the full set of trading features, including per-item SEO, item store, pre-orders, challenges, and cross-game promotion. DMarket’s partners include Xsolla, Unity, 4A Games, GSC Game World, Playkey, Kiss Ltd., Tatem Games, Pantera Capital, and Latham & Watkins. Join DMarket team today!

DMarket

This is Paid Story is brought to you by . DMarket — , the world’s first blockchain-based cross-game marketplace to turn virtual items into real assets, is pleased to announce its partnership with , a global distributor and publisher of video games, providing game developers and publishers with advanced technical tools to optimize user acquisition and monetization efforts. November 22, 2017, Santa Monica, CA DMarket Xsolla The DMarket Token will be included as one of Xsolla’s more than 700 payment options, and one of the new cryptocurrencies offered. The DMarket team will add to Xsolla’s big data and machine learning analytics of game sales, ultimately helping Xsolla’s developer and publisher partners to increase sales volumes and revenues. To maximize the benefits of the partnership, the parties will launch a number of exclusive cross-promotions within the global gaming community. Aleksandr Agapitov also joins the Advisory Board of DMarket. “At Xsolla, we are committed to creating a win-win scenario where we go where the gamers are in supplying the best and most seamless gaming experiences while in turn benefiting our developers in reaching the most amount of gamers to discover, play and purchase in-game assets,” said Aleksandr Agapitov, CEO of Xsolla. “We believe in the potential of cryptocurrencies for trading in-game items, and we’re happy to partner with a promising project such as DMarket.” Commenting on the partnership, DMarket’s CEO and Founder Volodymyr Panchenko added: “We’re happy to join forces with one of the most progressive companies in the gaming world. This partnership will definitely bring huge value to both companies as well as to the global gaming community.” Currently, DMarket is holding its final token crowdsale, which will run through November 28. To date, DMarket has already raised over $15 million. About Xsolla : Xsolla is a global distributor and publisher of video games, providing clients with advanced technical tools to expand their games’ potential reach worldwide. Focusing solely on the video games industry, Xsolla delivers an a la carte menu of global services — user acquisition, payment solutions, game store building and management, the #1 fraud protection in the gaming industry, international year-round customer support, worldwide marketing, and data analytics/visualization. Leaving the creative to the developers/publishers, Xsolla complements their backend and frontend toolkits by building custom infrastructure solutions. Headquartered in Los Angeles, with offices around the globe, Xsolla is a partner-centric company and operates as a merchant and seller of record for major gaming entities like Valve, Twitch, Ubisoft, Epic Games, and Bluehole. About DMarket : DMarket is the world’s first cross-game platform based on blockchain and smart contracts that enables one-click sale, exchange, or evaluation of any virtual item from any game on any platform. DMarket presented the Alpha/DEMO version of its future marketplace and blockchain testnet ( dmarket.com ) in October 2017. This is Paid Story is brought to you by . DMarket

DMarket Announces Partnership with Xsolla

Disclosure: , the blockchain-based cross-game trading platform, has previously sponsored Hacker Noon. DMarket We’ve recently launched the Alpha/DEMO version of our blockchain-based marketplace and invite everyone to give it a try and see for yourself how will change the gaming industry in the near future. DMarket is the first and only blockchain-based cross-game trading platform, and we are now presenting the demo version. We keep our promises! Blockchain is the only technology available to date that is able to help bring our idea to life and ensure the highest possible level of cyber security. Thanks to the fraud-free environment, each gamer will finally be able to become a real OWNER of hard-earned gems, skins, and other in-game items. DMarket Key features already available in the demo version: Secret Key Basically, this is an analog of your digital signature or PIN-code. It’s a tiny 128 byte file that contains a string of 128 symbols serving as your secure password. However, unlike your password that can easily be changed and restored, you’ll never be able to restore your secret key. That’s just how blockchain works to ensure security of transactions, and you can’t do anything to change it. The only recommendation we can give is: make sure you keep your file safe, either in notepad, in the Cloud, or on a flash drive — or jot it down on paper and hide it in your safety locker at home ;) User Profile After you have created your account, you are automatically transferred to your profile dashboard where you’ll see all your stats. You can also find and see trading stats of any other user. Currently, you can see your level, which depends on several factors including the number of transactions held; during the Alpha test, it is set to be the entry level for all users. Note that you can go to any other user’s profile and see their dashboard. As of now, your dashboard doesn’t have any other functions, but later it will display your DMarket level as a user, your achievements, and various stats related to your favorite games, items sold, etc. My Items This tab displays all in-game items from your inventory in different games. You can sort them by game for faster search. As of now, the test version includes eight popular MOBAs to pick from. Put Up for Sale Click on an item you want to trade. At the top right corner, you can see a card of the item with information pertaining to the type of weapon or goods, number of items sold in a certain period of time, and price range. Click “Put up for Sale” and determine the price of your lot in the popup window. You will be prompted to determine the value of your item — and . The service immediately converts DMC (DMarket Coins, the only currency used within the marketplace) to USD and calculates the commission fee, which is 2.5% of the item price. The exchange feature is not available yet; the fee will be fixed — 0.1 DMC. Price range Current lowest price on the market After you have decided on the value of your commodity, seal the deal with your secret key by attaching it to the trade form using the “Attach file with key” option. While we were writing this article, someone bought a test M4A1-S Decimator skin put up for sale previously for 20 DMC. Note that the items in your inventory and DMC balance are added only for test purposes, and won’t transfer to your real account at DMarket. Purchase Goods To buy an item, choose a game that interests you and go to its market. You will be redirected to the market page of the game with the list of all available items. You can use “Price” and “Type of item” filters right now, and a smart filter will be added in the actual marketplace. Click on the item’s title, and you’ll automatically be redirected to the item’s card. Here you can see extended information about the commodity, including detailed description, currently available offers from sellers, and stats dashboard (will be deployed in the actual marketplace). The service automatically shows you the item with the lowest price, but you can scroll and pick a particular seller if you wish. Once again, you need to secure the transaction with your secret key, and the item will go straight to your inventory. Purchasing is commission-free for you, as the fee is paid by the seller. The good news is that everyone interested in monetizing their time spent in a game can already benefit from today. First, you can take part in our token presale that’s in progress now and will be closed 48 hours after Bitcoin SegWit2x hard fork. At this stage, you can invest amounts exceeding $50K. Second, you can take part in the final crowdsale that will be held from November 14 through November 28, 2017. And you’ll have more cool features to benefit from once we roll out the actual marketplace. DMarket That’s pretty much it! Feel free to test it at , and don’t forget to share your feedback or write a review for your blog. Stay tuned! dmarket.com This is story is brought to you by Hacker Noon’s weekly sponsor, . DMarket Learn more about becoming Hacker Noon’s weekly sponsor.

DMarket Demo Overview: Current Features and What to Expect in the Actual Marketplace

How a Ukrainian Entrepreneur's Resilience and Vision Led to the Creation of Portal.ai In the heart of Ukraine, a young entrepreneur named Volodymyr (Vlad) Panchenko embarked on a journey that would lead him from the gaming world to the forefront of AI innovation. His story is one of resilience, vision, and an unwavering commitment to empowering small and medium businesses (SMBs) worldwide. Vlad Panchenko's entrepreneurial spirit ignited early on. He founded his first company at the age of 16, and by 23, he had already built several successful ventures. His experiences in the gaming industry, where he created virtual item marketplaces and esports platforms, taught him valuable lessons that would shape his approach to building Portal.ai, his most ambitious venture yet. From In-game Items to AI for SMBs Portal.ai, founded in 2023, specializes in helping small to medium-sized businesses streamline their operations by centralizing data and functions. The platform integrates data from sources like Shopify, Amazon, Google, Wix, Quickbooks, and Meta, covering key areas such as operations, marketing, finance, and logistics to provide a holistic view of the business. In June 2024, Portal.ai raised $5m in a pre-seed round to help business owners implement its AI-driven operations. Before Portal.ai, Panchenko founded DMarket, a global cross-game marketplace enabling gamers worldwide to trade and exchange in-game items across any gaming platform, creating an opportunity for over two billion gamers to buy and sell their virtual goods. DMarket was acquired by Mythical Games in 2022. From in-game items to AI for businesses, Panchenko’s entrepreneurial path has been unique, but the key lessons he learned along the way remain the same. One of the most important lessons Panchenko learned is the power of great teams. "No great idea will come to life without a great team," Panchenko told me. "Effective communication, collaboration, and execution are the cornerstones of success." Overcoming Challenges and Seeing Beyond the Horizon Panchenko's journey hasn't been without its challenges. He faced skepticism and doubt from those who didn't share his vision. But instead of discouraging him, this fueled his motivation. "Throughout my journey, many people laughed at my ideas and told me, 'It's not going to work,'" Panchenko said. "Instead of discouraging me, this fueled my motivation. I see potential where others don't - recognizing future trends and latent demands before they become obvious." This ability to see beyond the horizon has been a defining characteristic of Panchenko's career. He recognized the transformative power of AI early on and saw its potential to revolutionize the way SMBs operate. "The most important tech trends are the evolution of large language models, the decreasing cost of computing, and a new product vision defined by AI-based products," Panchenko said. "The unique aspect of this moment is that LLMs can already communicate in many languages. Simultaneously, the methodologies and mathematics behind them are universal." Portal.ai: A Vision for the Future of SMBs Portal.ai is Panchenko's vision for the future of SMBs. The platform serves as a digital chief of operations, providing businesses with the tools and insights they need to thrive in the digital age. It integrates essential data from marketing, sales, finance, and logistics, offering a 24/7 operational picture and actionable advice. "Portal.ai stands to transform 400 million small and medium businesses, the backbone of a $60 trillion global economy," Panchenko said. "We're offering tools previously accessible only to the top 1% of corporations. Our digital CXOs provide best practice methodologies, allowing businesses to operate with unprecedented efficiency and success." Panchenko's commitment to Portal.ai goes beyond just building a successful company. He sees it as his life's work, a chance to make a meaningful impact on the world. "Portal.ai is the evolution of everything I've done before," Panchenko said. "Along with the top-notch team we've assembled, this venture is on another level, offering a chance to impact the entire world in a meaningful way." Resilience and Responsibility Of course, many people in the world want to make a meaningful impact on the world. Some never get past the idea stage, many lack the experience to execute the idea at this stage of their career, and some show that their intentions are very different from their actions. Others react to difficult situations and apply the lessons to both their personal life and their work. The war in Ukraine had a profound impact on Panchenko, leading him to help DMarket employees relocate. This experience deepened his sense of responsibility and the role of leadership during a crisis. "That experience deepened my sense of responsibility and the role of leadership during a crisis," Panchenko said. "It taught me that you should never stop doing good and standing by your beliefs. The most important thing I've learned is that no matter how long it takes or what effort is required, staying true to your values and caring for others is paramount." The Road Ahead for Portal.ai As Portal.ai continues to grow and evolve, Panchenko remains focused on his mission to democratize AI and empower SMBs worldwide. "The next step for Portal.ai is global adoption and scaling, reaching billions of successful customers," Panchenko said. "We envision a world where every small and medium business can harness the power of AI to achieve unprecedented levels of success. Our mission is to democratize access to top-tier operational methodologies, transforming not just businesses but entire economies." Volodymyr Panchenko's journey is a testament to the power of entrepreneurship, resilience, and a vision for a better future. With Portal.ai, he is leading the charge to democratize AI and unlock the full potential of SMBs worldwide. His story is an inspiration to all those who dare to dream big and make a difference in the world. This article was originally published in Dataconomy and is reproduced with permission. How a Ukrainian Entrepreneur's Resilience and Vision Led to the Creation of Portal.ai How a Ukrainian Entrepreneur's Resilience and Vision Led to the Creation of Portal.ai In the heart of Ukraine, a young entrepreneur named Volodymyr (Vlad) Panchenko embarked on a journey that would lead him from the gaming world to the forefront of AI innovation. His story is one of resilience, vision, and an unwavering commitment to empowering small and medium businesses (SMBs) worldwide. Volodymyr (Vlad) Panchenko Vlad Panchenko's entrepreneurial spirit ignited early on. He founded his first company at the age of 16, and by 23, he had already built several successful ventures. His experiences in the gaming industry, where he created virtual item marketplaces and esports platforms, taught him valuable lessons that would shape his approach to building Portal.ai , his most ambitious venture yet. Portal.ai From In-game Items to AI for SMBs From In-game Items to AI for SMBs Portal.ai, founded in 2023, specializes in helping small to medium-sized businesses streamline their operations by centralizing data and functions. The platform integrates data from sources like Shopify, Amazon, Google, Wix, Quickbooks, and Meta, covering key areas such as operations, marketing, finance, and logistics to provide a holistic view of the business. In June 2024, Portal.ai raised $5m in a pre-seed round to help business owners implement its AI-driven operations. $5m in a pre-seed round Before Portal.ai, Panchenko founded DMarket, a global cross-game marketplace enabling gamers worldwide to trade and exchange in-game items across any gaming platform, creating an opportunity for over two billion gamers to buy and sell their virtual goods. DMarket was acquired by Mythical Games in 2022 . DMarket was acquired by Mythical Games in 2022 From in-game items to AI for businesses, Panchenko’s entrepreneurial path has been unique, but the key lessons he learned along the way remain the same. One of the most important lessons Panchenko learned is the power of great teams. "No great idea will come to life without a great team," Panchenko told me. "Effective communication, collaboration, and execution are the cornerstones of success." Overcoming Challenges and Seeing Beyond the Horizon Overcoming Challenges and Seeing Beyond the Horizon Panchenko's journey hasn't been without its challenges. He faced skepticism and doubt from those who didn't share his vision. But instead of discouraging him, this fueled his motivation. "Throughout my journey, many people laughed at my ideas and told me, 'It's not going to work,'" Panchenko said. "Instead of discouraging me, this fueled my motivation. I see potential where others don't - recognizing future trends and latent demands before they become obvious." This ability to see beyond the horizon has been a defining characteristic of Panchenko's career. He recognized the transformative power of AI early on and saw its potential to revolutionize the way SMBs operate. power of AI "The most important tech trends are the evolution of large language models, the decreasing cost of computing, and a new product vision defined by AI-based products," Panchenko said. "The unique aspect of this moment is that LLMs can already communicate in many languages. Simultaneously, the methodologies and mathematics behind them are universal." Portal.ai: A Vision for the Future of SMBs Portal.ai: A Vision for the Future of SMBs Portal.ai is Panchenko's vision for the future of SMBs. The platform serves as a digital chief of operations, providing businesses with the tools and insights they need to thrive in the digital age. It integrates essential data from marketing, sales, finance, and logistics, offering a 24/7 operational picture and actionable advice. "Portal.ai stands to transform 400 million small and medium businesses, the backbone of a $60 trillion global economy," Panchenko said. "We're offering tools previously accessible only to the top 1% of corporations. Our digital CXOs provide best practice methodologies, allowing businesses to operate with unprecedented efficiency and success." Panchenko's commitment to Portal.ai goes beyond just building a successful company. He sees it as his life's work, a chance to make a meaningful impact on the world. "Portal.ai is the evolution of everything I've done before," Panchenko said. "Along with the top-notch team we've assembled, this venture is on another level, offering a chance to impact the entire world in a meaningful way." Resilience and Responsibility Resilience and Responsibility Of course, many people in the world want to make a meaningful impact on the world. Some never get past the idea stage, many lack the experience to execute the idea at this stage of their career, and some show that their intentions are very different from their actions. Others react to difficult situations and apply the lessons to both their personal life and their work. The war in Ukraine had a profound impact on Panchenko, leading him to help DMarket employees relocate. This experience deepened his sense of responsibility and the role of leadership during a crisis. "That experience deepened my sense of responsibility and the role of leadership during a crisis," Panchenko said. "It taught me that you should never stop doing good and standing by your beliefs. The most important thing I've learned is that no matter how long it takes or what effort is required, staying true to your values and caring for others is paramount." The Road Ahead for Portal.ai The Road Ahead for Portal.ai As Portal.ai continues to grow and evolve, Panchenko remains focused on his mission to democratize AI and empower SMBs worldwide. "The next step for Portal.ai is global adoption and scaling, reaching billions of successful customers," Panchenko said. "We envision a world where every small and medium business can harness the power of AI to achieve unprecedented levels of success. Our mission is to democratize access to top-tier operational methodologies, transforming not just businesses but entire economies." Volodymyr Panchenko's journey is a testament to the power of entrepreneurship, resilience, and a vision for a better future. With Portal.ai, he is leading the charge to democratize AI and unlock the full potential of SMBs worldwide. His story is an inspiration to all those who dare to dream big and make a difference in the world. This article was originally published in Dataconomy and is reproduced with permission. This article was originally published in Dataconomy and is reproduced with permission. Dataconomy

Overcoming Challenges, Embracing AI: The Volodymyr Panchenko Story

This is Paid Story is brought to you by DMarket. November 28, Santa Monica, CA. — DMarket, the world’s first blockchain-based cross-game marketplace to turn virtual items into real assets, has established three new highly important partnerships recently — with Xsolla, DreamTeam and Playkey. “Each partnership will have a tremendous impact on the whole gaming industry and will bring additional value to the DMarket platform and its users and contributors,” said Volodymyr Panchenko, CEO and Founder of DMarket. First, DMarket has joined forces with Xsolla, a leading global distributor and publisher of videogames that provides game developers and publishers with advanced tools to optimize user acquisition and monetization. Xsolla is already working successfully with such big gaming brands as Valve, Twitch.tv, Aeria Games and other top players. According to the agreement, Xsolla will promote DMarket as a priority marketplace for game developers’ in-game items. This collaboration means that DMarket Token will be accepted as one of the core gaming crypto payment currencies on Xsolla and will become one of Xsolla’s more than 700 payment options offered to gamers. To maximize the benefits of the partnership, Xsolla CEO Aleksandr Agapitov is joining the Advisory Board of DMarket. Second, DMarket partnered up with DreamTeam, the first decentralized Esports and gaming recruitment and management platform. The companies will cooperate on big data analytics and machine learning tools. As part of the agreement, DreamTeam will sponsor 72 additional hours of DMarket’s Token crowdsale. The crowdsale will now run through December 1 and will be supported by a special offer: all DMarket presale contributors will receive a 15% extra bonus on the DreamTeam Token sale Phase #1, and all DMarket crowdsale contributors will get a 7% bonus during the DreamTeam Token sale Phase #1. Additionally, DMarket will get 30% of ad space on DreamTeam for 12 months after the launch and will be promoted within the DreamTeam community. Third, DMarket teamed up with Playkey, the first decentralized сloud P2P and blockchain gaming platform that enables gamers to launch and play AAA video games on low-end PCs and MacOS devices. Today, 80% of Playkey users play MMO games and this entire audience could start using DMarket for convenient, one-click in-game items trading. In turn, DMarket users will be introduced to Playkey as a great new way to play hardcore video games on low-end PCs, which is an obvious win-win. Currently, DMarket is holding its final Token crowdsale, continuing through December 1, 2017. To date, the marketplace has raised over $18 million. About DMarket: DMarket is the world’s first cross-game platform based on blockchain and smart contracts that enables one-click sale, exchange, or evaluation of any virtual item from any game on any platform. DMarket Token will be the only virtual currency used within the platform, providing different options for trading items, exchanges, and smart contracts. DMarket presented the Alpha/DEMO version of its future marketplace and blockchain testnet in October 2017. This is Paid Story is brought to you by DMarket. This is Paid Story is brought to you by DMarket. This is Paid Story is brought to you by DMarket . DMarket DMarket November 28, Santa Monica, CA . — DMarket, the world’s first blockchain-based cross-game marketplace to turn virtual items into real assets, has established three new highly important partnerships recently — with Xsolla, DreamTeam and Playkey. November 28, Santa Monica, CA “Each partnership will have a tremendous impact on the whole gaming industry and will bring additional value to the DMarket platform and its users and contributors,” said Volodymyr Panchenko, CEO and Founder of DMarket. First , DMarket has joined forces with Xsolla , a leading global distributor and publisher of videogames that provides game developers and publishers with advanced tools to optimize user acquisition and monetization. Xsolla is already working successfully with such big gaming brands as Valve, Twitch.tv, Aeria Games and other top players. First First , DMarket has joined forces with Xsolla According to the agreement, Xsolla will promote DMarket as a priority marketplace for game developers’ in-game items. This collaboration means that DMarket Token will be accepted as one of the core gaming crypto payment currencies on Xsolla and will become one of Xsolla’s more than 700 payment options offered to gamers. To maximize the benefits of the partnership, Xsolla CEO Aleksandr Agapitov is joining the Advisory Board of DMarket. Second , DMarket partnered up with DreamTeam, the first decentralized Esports and gaming recruitment and management platform. Second The companies will cooperate on big data analytics and machine learning tools. As part of the agreement, DreamTeam will sponsor 72 additional hours of DMarket’s Token crowdsale. The crowdsale will now run through December 1 and will be supported by a special offer: all DMarket presale contributors will receive a 15% extra bonus on the DreamTeam Token sale Phase #1, and all DMarket crowdsale contributors will get a 7% bonus during the DreamTeam Token sale Phase #1. Additionally, DMarket will get 30% of ad space on DreamTeam for 12 months after the launch and will be promoted within the DreamTeam community. Third , DMarket teamed up with Playkey, the first decentralized сloud P2P and blockchain gaming platform that enables gamers to launch and play AAA video games on low-end PCs and MacOS devices. Today, 80% of Playkey users play MMO games and this entire audience could start using DMarket for convenient, one-click in-game items trading. In turn, DMarket users will be introduced to Playkey as a great new way to play hardcore video games on low-end PCs, which is an obvious win-win. Third Currently, DMarket is holding its final Token crowdsale, continuing through December 1, 2017. To date, the marketplace has raised over $18 million. About DMarket: About About DMarket: DMarket : DMarket DMarket is the world’s first cross-game platform based on blockchain and smart contracts that enables one-click sale, exchange, or evaluation of any virtual item from any game on any platform. DMarket Token will be the only virtual currency used within the platform, providing different options for trading items, exchanges, and smart contracts. DMarket presented the Alpha/DEMO version of its future marketplace and blockchain testnet in October 2017. DMarket is the world’s first cross-game platform based on blockchain and smart contracts that enables one-click sale, exchange, or evaluation of any virtual item from any game on any platform. DMarket Token will be the only virtual currency used within the platform, providing different options for trading items, exchanges, and smart contracts. DMarket presented the Alpha/DEMO version of its future marketplace and blockchain testnet in October 2017. This is Paid Story is brought to you by DMarket. This is Paid Story is brought to you by DMarket . DMarket DMarket

DMarket Signs Three Major Partners in One Week

The Power of Market Disruption: How to Detect Fraud With Graph Data

Welcome to HackerNoon’s Writing Prompts! Would you like to take a stab at answering some of these questions? The link for the template is HERE. 1. What is your company in 2–5 words? Learning Operations Software Platform 2. Why is now the time for your company to exist? Cognota is positioned to power LearnOps for all corporate learning & development teams seeking to optimize investments to maximize business impact. With the L&D market projected to grow from $330 billion in 2019 to approximately $490 billion by 2030, there is a significant opportunity for organizations to enhance their learning operations. The increased attention on L&D is compelling leaders to restructure and modernize how corporate L&D functions, aligning it more closely with business objectives, especially in the context of the Great Reset. This presents a timely and vital need for a platform like Cognota that enables L&D teams to streamline their operations, make data-informed decisions, and demonstrate the business impact of their learning programs effectively. 3. What do you love about your team, and why are you the ones to solve this problem? We love our team's dedication, expertise, and passion for empowering corporate learning and development. We are uniquely positioned to solve the challenge of streamlining L&D operations because of our deep understanding of the industry, innovative mindset, and commitment to driving impactful change. Our team thrives on tackling complex issues and transforming traditional approaches into efficient and effective solutions that resonate with the evolving needs of the L&D market. 4. If you weren’t building your startup, what would you be doing? If I weren’t building our startup, I would be traveling the world with my kids and wife, exploring new cultures and experiences together. It would be a wonderful opportunity to create lasting memories and broaden our perspectives as a family. 5. At the moment, how do you measure success? What are your metrics? At present, we measure success based on several key metrics, including: Customer Satisfaction: We track customer feedback, reviews, and retention rates to ensure that we are meeting and exceeding the expectations of our clients.


User Engagement: We monitor user activity within our platform to assess engagement levels and identify areas for improvement.


Business Impact: We analyze the impact of our LearnOps platform on our clients' learning and development initiatives, focusing on metrics such as ROI, efficiency gains, and alignment with business objectives.


Community Growth: We measure the growth and engagement of our #LearnOpsCommunity, tracking member participation, feedback, and the value they derive from being part of our ecosystem.


Revenue Growth: We evaluate our revenue growth trajectory as a key indicator of the financial success and sustainability of our business.


Financial Performance: We assess our profitability and overall financial health, ensuring that we are strategically managing our resources to drive continued growth and innovation. These metrics collectively provide us with a comprehensive view of our success and guide our efforts to continuously enhance our platform and services. 6. In a few sentences, what do you offer to whom? We offer a comprehensive LearnOps platform to corporate Learning & Development teams, empowering them to streamline operations, make data-driven decisions, measure ROI, and align training initiatives with business objectives efficiently. With Cognota, L&D professionals can optimize their resources, improve collaboration, and demonstrate the impact of their programs on the organization's success. 7. What’s most exciting about your traction to date? The most exciting aspect of our traction to date is witnessing the tangible impact our LearnOps platform has had on corporate Learning & Development teams. Seeing how organizations have streamlined their operations, made data-informed decisions, and demonstrated the ROI of their learning programs using Cognota is incredibly fulfilling. Additionally, the positive feedback and engagement we've received from our growing user base and the #LearnOpsCommunity further validate the value we bring to the L&D industry. 8. Where do you think your growth will be next year? We anticipate significant growth next year, driven by the increasing demand for streamlined learning operations solutions in the corporate sector. As organizations continue to prioritize the alignment of L&D initiatives with business objectives and seek more efficient ways to measure the impact of training programs, we believe our LearnOps platform will be increasingly sought after. With new feature developments, strategic partnerships, and an expanding user base, we expect to see substantial growth in both market presence and customer adoption in the coming year. 9. Tell us about your first paying customer and revenue expectations over the next year. Our first paying customer was ExxonMobil, a global leader in the energy industry. The journey began when I moved from Toronto to New York and then to Houston to pivot from a service company to a software platform, aligning closely with ExxonMobil's evolving needs. Over the course of two years, we worked closely with ExxonMobil to tailor our LearnOps platform to their specific requirements, paving the way for a successful transition to a software-focused business model. Moving forward, we have ambitious revenue expectations over the next year. With a solid foundation in place and a growing reputation in the industry, we anticipate significant revenue growth as we continue to expand our client base, enhance our product offerings, and solidify our position as a leader in the LearnOps space. 10. What’s your biggest threat? As the concept of learning operations gains traction, more players could enter the market with similar solutions. Differentiation and maintaining a competitive edge becomes paramount to overcoming this and we do that through partner licensing, IP investments, the LearnOps.com Community, and accreditation for LearnOps to industry professionals. Staying ahead of emerging trends, continuously innovating our platform, and proactively investing in IP and competitive advantages are crucial in mitigating threats. This startup founder interview template is based on HackerNoon Founder & CEO David Smooke’s ten questions for startup founders. Would you like to take a stab at answering some of these questions? The link for the template is HERE. Welcome to HackerNoon’s Writing Prompts! Would you like to take a stab at answering some of these questions? The link for the template is HERE. Welcome to HackerNoon ’s Writing Prompts! Would you like to take a stab at answering some of these questions? The link for the template is HERE. HackerNoon The link for the template is HERE. 1. What is your company in 2–5 words? Learning Operations Software Platform 2. Why is now the time for your company to exist? Cognota is positioned to power LearnOps for all corporate learning & development teams seeking to optimize investments to maximize business impact. With the L&D market projected to grow from $330 billion in 2019 to approximately $490 billion by 2030, there is a significant opportunity for organizations to enhance their learning operations. The increased attention on L&D is compelling leaders to restructure and modernize how corporate L&D functions, aligning it more closely with business objectives, especially in the context of the Great Reset. This presents a timely and vital need for a platform like Cognota that enables L&D teams to streamline their operations, make data-informed decisions, and demonstrate the business impact of their learning programs effectively. 3. What do you love about your team, and why are you the ones to solve this problem? We love our team's dedication, expertise, and passion for empowering corporate learning and development. We are uniquely positioned to solve the challenge of streamlining L&D operations because of our deep understanding of the industry, innovative mindset, and commitment to driving impactful change. Our team thrives on tackling complex issues and transforming traditional approaches into efficient and effective solutions that resonate with the evolving needs of the L&D market. 4. If you weren’t building your startup, what would you be doing? If I weren’t building our startup, I would be traveling the world with my kids and wife, exploring new cultures and experiences together. It would be a wonderful opportunity to create lasting memories and broaden our perspectives as a family. 5. At the moment, how do you measure success? What are your metrics? At present, we measure success based on several key metrics, including: Customer Satisfaction: We track customer feedback, reviews, and retention rates to ensure that we are meeting and exceeding the expectations of our clients. User Engagement: We monitor user activity within our platform to assess engagement levels and identify areas for improvement. Business Impact: We analyze the impact of our LearnOps platform on our clients' learning and development initiatives, focusing on metrics such as ROI, efficiency gains, and alignment with business objectives. Community Growth: We measure the growth and engagement of our #LearnOpsCommunity, tracking member participation, feedback, and the value they derive from being part of our ecosystem. Revenue Growth: We evaluate our revenue growth trajectory as a key indicator of the financial success and sustainability of our business. Financial Performance: We assess our profitability and overall financial health, ensuring that we are strategically managing our resources to drive continued growth and innovation. Customer Satisfaction: We track customer feedback, reviews, and retention rates to ensure that we are meeting and exceeding the expectations of our clients. Customer Satisfaction: We track customer feedback, reviews, and retention rates to ensure that we are meeting and exceeding the expectations of our clients. User Engagement: We monitor user activity within our platform to assess engagement levels and identify areas for improvement. User Engagement: We monitor user activity within our platform to assess engagement levels and identify areas for improvement. Business Impact: We analyze the impact of our LearnOps platform on our clients' learning and development initiatives, focusing on metrics such as ROI, efficiency gains, and alignment with business objectives. Business Impact: We analyze the impact of our LearnOps platform on our clients' learning and development initiatives, focusing on metrics such as ROI, efficiency gains, and alignment with business objectives. Community Growth: We measure the growth and engagement of our #LearnOpsCommunity, tracking member participation, feedback, and the value they derive from being part of our ecosystem. Community Growth: We measure the growth and engagement of our #LearnOpsCommunity, tracking member participation, feedback, and the value they derive from being part of our ecosystem. Revenue Growth: We evaluate our revenue growth trajectory as a key indicator of the financial success and sustainability of our business. Revenue Growth: We evaluate our revenue growth trajectory as a key indicator of the financial success and sustainability of our business. Financial Performance: We assess our profitability and overall financial health, ensuring that we are strategically managing our resources to drive continued growth and innovation. Financial Performance: We assess our profitability and overall financial health, ensuring that we are strategically managing our resources to drive continued growth and innovation. These metrics collectively provide us with a comprehensive view of our success and guide our efforts to continuously enhance our platform and services. 6. In a few sentences, what do you offer to whom? We offer a comprehensive LearnOps platform to corporate Learning & Development teams, empowering them to streamline operations, make data-driven decisions, measure ROI, and align training initiatives with business objectives efficiently. With Cognota, L&D professionals can optimize their resources, improve collaboration, and demonstrate the impact of their programs on the organization's success. 7. What’s most exciting about your traction to date? The most exciting aspect of our traction to date is witnessing the tangible impact our LearnOps platform has had on corporate Learning & Development teams. Seeing how organizations have streamlined their operations, made data-informed decisions, and demonstrated the ROI of their learning programs using Cognota is incredibly fulfilling. Additionally, the positive feedback and engagement we've received from our growing user base and the #LearnOpsCommunity further validate the value we bring to the L&D industry. 8. Where do you think your growth will be next year? We anticipate significant growth next year, driven by the increasing demand for streamlined learning operations solutions in the corporate sector. As organizations continue to prioritize the alignment of L&D initiatives with business objectives and seek more efficient ways to measure the impact of training programs, we believe our LearnOps platform will be increasingly sought after. With new feature developments, strategic partnerships, and an expanding user base, we expect to see substantial growth in both market presence and customer adoption in the coming year. 9. Tell us about your first paying customer and revenue expectations over the next year. Our first paying customer was ExxonMobil, a global leader in the energy industry. The journey began when I moved from Toronto to New York and then to Houston to pivot from a service company to a software platform, aligning closely with ExxonMobil's evolving needs. Over the course of two years, we worked closely with ExxonMobil to tailor our LearnOps platform to their specific requirements, paving the way for a successful transition to a software-focused business model. Moving forward, we have ambitious revenue expectations over the next year. With a solid foundation in place and a growing reputation in the industry, we anticipate significant revenue growth as we continue to expand our client base, enhance our product offerings, and solidify our position as a leader in the LearnOps space. 10. What’s your biggest threat? As the concept of learning operations gains traction, more players could enter the market with similar solutions. Differentiation and maintaining a competitive edge becomes paramount to overcoming this and we do that through partner licensing, IP investments, the LearnOps.com Community, and accreditation for LearnOps to industry professionals. Staying ahead of emerging trends, continuously innovating our platform, and proactively investing in IP and competitive advantages are crucial in mitigating threats. LearnOps.com This startup founder interview template is based on HackerNoon Founder & CEO David Smooke’s ten questions for startup founders. This startup founder interview template is based on HackerNoon Founder & CEO David Smooke ’s ten questions for startup founders . HackerNoon Founder & CEO David Smooke ten questions for startup founders Would you like to take a stab at answering some of these questions? The link for the template is HERE. Would you like to take a stab at answering some of these questions? The link for the template is HERE. The link for the template is HERE.

How Cognota's LearnOps Platform Revolutionizes Learning & Development

Rise of Generative AI and GPU shortage Generative AI, enabled by large language models ( ) like , has caused shockwaves in the tech world. ChatGPT's meteoric rise has triggered the global tech industry to reassess and prioritize Generative AI, reshaping product strategies in real-time. LLMs GPT-4 Integration of LLMs has given product developers an easy way to incorporate AI-powered features into their products. But it's not all smooth sailing. A glaring challenge looms large for product leaders: the GPU shortage and spiraling costs. The increasing number of AI startups and services has led to high demand for high-end GPUs such as A100s and H100s, thereby overwhelming Nvidia and its manufacturing partner TSMC, both of whom are struggling to meet the supply. Online forums like Reddit are abuzz with frustrations over GPU availability, echoing the sentiment across the tech community. It's become so dire that both AWS and Azure have had no choice but to implement quota systems. This bottleneck doesn't just squeeze startups; it’s a stumbling block for tech giants like OpenAI. At a recent off-the-record meeting in London, OpenAI's CEO Sam Altman candidly acknowledged that the computer chip shortage is stymieing ChatGPT’s advancement. Altman reportedly lamented that the dearth of computing power has resulted in subpar API availability and has obstructed OpenAI from rolling out larger "context windows" for ChatGPT. Prioritizing AI Features On one hand, product leaders find themselves caught in a relentless push to innovate, facing the expectations to deliver cutting-edge features that leverage the power of Generative AI. On the other hand, they grapple with the harsh realities of GPU capacity constraints. It's a complex juggling act, where ruthless prioritization becomes not just a strategic decision but a necessity. Given that GPU availability is poised to remain a challenge for the foreseeable future, product leaders must think strategically about GPU allocation. Traditionally, product leaders have leaned on prioritization techniques like the Customer Value/Need vs. Effort Matrix. This method, however logical in a world where computational resources were abundant, now demands a bit of reevaluation. In our current paradigm, where computing is the constraint and not software talent, product leaders must redefine how they prioritize various products or features, bringing GPU limitations to the forefront of strategic decision-making. Planning around capacity constraints might seem unusual for the tech industry, but it's a commonplace strategy in other industries. The underlying concept is straightforward: the most valuable factor is the time spent on the constrained resource, and the objective is to optimize the value per unit of time spent on that constraint. As a former consultant, I've successfully applied this framework across various industries. I believe that tech product leaders can also use a similar approach to prioritize products or features while GPU constraints exist. When applying this framework, the most straightforward measure of value is profitability. However, in tech, profitability might not always be the appropriate metric, particularly when venturing into a new market or product. Thus, I have adapted the framework to align with the success metrics generally used in tech, outlining a simple four steps process: : First and foremost, identify your North Star metric. This is the contribution of each product or feature, something that encapsulates the essence of its worth. Some concrete examples might include: Contribution An increase in Revenue and Profit Gains in Market Share Growth in the Number of Daily/Monthly Active Users Gauge the number of GPUs needed for each product or feature. Focus on key factors like Number of GPUs Required: Number of Queries per User per Day Number of Daily Active Users The complexity of the Query (i.e., how many tokens each query consumes) : Break it down to the specifics. How does each GPU contribute to the overall goal? Understanding this will give you a clear picture of where your GPUs are best allocated. Calculate Contribution per GPU : Now, it's time to make the tough decisions. Rank your products by their Contribution per GPU, and then line them up accordingly. Focus on the products with the highest Contribution per GPU first, ensuring that your limited resources are channeled into the areas where they'll make the most impact. Prioritize Products Based on Contribution per GPU With GPU constraints no longer a blind spot, but a quantifiable factor in the decision-making process, your company can more strategically navigate the GPU shortage. To bring this framework to life, let's visualize a scenario where you, as a product leader, are grappling with the challenge of prioritizing among four different products: Product A Product B Product C Product D Revenue Potential (Contribution) $100M $80M $50M $25M Number of GPUs Required 1000 450 500 50 Contribution Per GPU $0.1M/GPU $0.18M/GPU $0.1M/GPU $0.5M/GPU Although Product A has the highest revenue potential, it doesn't yield the highest contribution per GPU. Surprisingly, Product D, with the least revenue potential, offers the most substantial return per GPU. By prioritizing based on this metric, you could maximize total potential revenue. Let's say you have a total of 1000 GPUs at your disposal. A straightforward choice might have you opting for Product A, generating a revenue potential of $100M. However, applying the prioritization strategy described above, you could achieve $155M in revenue: Priority Order Product Revenue Gain GPUs 1 Product D $25M 50 2 Product B $80M 450 3 Product C $50M 500 Total $155M 1000 The same method can be applied to other contribution metrics, such as market share gain: Product A Product B Product C Product D Market Share Gain (Contribution) 5% 4% 2.5% 1.25% Number of GPUs Required 1000 500 500 50 Contribution Per GPU 0.005%/GPU 0.008%/GPU 0.005%/GPU 0.025%/GPU Similarly selecting Product A would have led to a market share gain of 5%. However, applying the prioritization strategy described above, you could achieve 7.75% in market share gain: Priority Order Product Market Share gain GPUs 1 Product D 1.25% 50 2 Product B 4% 450 3 Product C 2.5% 500 Total 7.75% 1000 Benefits and limitations This alternative prioritization framework introduces a more nuanced and strategic approach. By zeroing in on the Contribution Per GPU, you're strategically aligning resources where they can make the most substantial difference, whether in terms of revenue, market share, or any other defining metric. But the advantages don't stop there. This method also fosters a greater sense of clarity and objectivity across product teams. In my experience, including my early days leading digital transformation at a healthcare company and later while working with various McKinsey clients, this approach has been a game-changer in scenarios where capacity constraints are a critical factor. It's enabled us to prioritize initiatives in a more data-driven and rational way, sidelining the traditional politics where decisions might otherwise fall to the loudest voice in the room. However, no one-size-fits-all solution exists, and it's worth acknowledging the potential limitations of this method. For instance, this approach may not always encapsulate the strategic importance of certain investments. Thus, while exceptions to the framework can and should be made, they ought to be carefully considered rather than the norm. This maintains the integrity of the process and ensures that any deviations are made with a broader strategic context in mind. Conclusion Product leaders are facing an unprecedented situation with the GPU shortage, so finding new ways of managing resources is needed. In the words of the great strategist Sun Tzu, "In the midst of chaos, there is also opportunity." The GPU shortage is indeed a challenge, but with the right approach, it may also be a catalyst for differentiation and success. The proposed prioritization framework, focusing on Contribution Per GPU, offers a strategic way to prioritize. By zeroing in on Contribution Per GPU, companies can maximize their return on investment, aligning resources where they'll make the most impact and focusing on what matters the most to the long-term success of their company. References https://nypost.com/2023/06/07/openais-sam-altman-complained-chip-shortage-is-delaying-chatgpt-plans/

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DMARKET

dmarket.com

51-200 employees

Since 2017

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DMARKET

EVERGREEN INDEX #7105

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