Cosmos Builder Ignite, 11 VCs Put Up $150M to Invest in Multichain Crypto Teams

2 years ago

Sam is simply a newsman astatine CoinDesk focused connected decentralized technology, DeFi and DAOs. He owns ETH, BTC and MATIC.

Ignite (formerly Tendermint) is spearheading a $150 cardinal concern successful teams gathering wrong the Cosmos (ATOM) blockchain ecosystem.

  • Announced Tuesday, the halfway contributor to Cosmos improvement is teaming with 11 crypto concern firms to money “early-stage projects that person already initiated development.”

  • The accelerator’s archetypal radical of strategical partners see Sam Bankman Fried’s Alameda Research, KuCoin Ventures, OKX Blockdream Ventures, Hashkey Capital, Chorus One, Figment, Chainlayer, Strangelove Ventures, Forbole, Everstake and Galileo.

  • An Ignite spokesperson tod CoinDesk the accelerator is targeted astatine immoderate multichain crypto project, not conscionable those processing connected Cosmos.

  • Ignite has opened applications for the archetypal circular of the six-month programme and plans to enactment 20 projects per year.

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Sam is simply a newsman astatine CoinDesk focused connected decentralized technology, DeFi and DAOs. He owns ETH, BTC and MATIC.

Sam is simply a newsman astatine CoinDesk focused connected decentralized technology, DeFi and DAOs. He owns ETH, BTC and MATIC.


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