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The programme aims to supply selected projects with upfront effect backing of $30,000 successful summation to mentoring, masterclasses and enactment from manufacture experts.
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Blockchain startup accelerator Cronos Labs has announced the opening of applications for its 2nd cohort of the $100 million-backed Cronos Accelerator Program.
The program, which begins connected April 24, 2023, volition past for 12 weeks and supply selected projects with upfront effect backing of $30,000. In addition, participants volition person the accidental to unafraid up to $300,000 successful effect backing from Cronos Labs and person mentoring, masterclasses and enactment from manufacture experts. The programme is focused connected the decentralized concern (DeFi), GameFi, SocialFi, and Infrastructure verticals and volition judge applications until March 24, 2023.
The enactment of projects for the 2nd cohort of the Accelerator Program volition beryllium based connected assorted factors, including their marketplace potential, the enactment team's expertise, marketplace compatibility and compatibility with the Cronos ecosystem. The main absorption of the programme is to promote innovation and maturation wrong the Cronos ecosystem successful an effort to thrust the broader adoption of Web3.
Ken Timsit, caput of Cronos Labs, said the occurrence of the accelerator program's inaugural cohort provided the rationale for launching a 2nd cohort.
The 2nd cohort of the Accelerator Program volition beryllium guided by experienced Web3 professionals, who person designed the programme to connection a afloat scope of benefits to enactment founders successful processing their Web3 decentralized applications.
Related: Sandeep Nailwal-backed Web3 accelerator launches demo time for archetypal cohort
In June 2022, Crypto.com's Cronos launched its $100M accelerator programme for DeFi and Web3 projects, with the extremity of supporting early-stage crypto projects with mentorship, backing and maturation opportunities.
Some of the companies supporting the Cronos Accelerator Program see Mechanism Capital, Spartan Labs, IOSG Ventures, OK Blockchain Capital, AP Capital, Altcoin Buzz, and Dorahacks.
Crypto.com primitively launched the Cronos blockchain successful November 2021.
Blockchain accelerator programs with a absorption connected Web3 improvement person grown implicit the past year. As reported by Cointelegraph, Web3 accelerator Beacon precocious wrapped up its archetypal cohort with 15 companies graduating. The 2nd cohort plans to connection up to $8 cardinal to 32 startups.
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