Cronos Labs Launches $100 Million Web3 Accelerator Program to Support Crypto Startups
Summary:
Cronos Labs, a Web3 startup accelerator, has launched its third cohort with a $100 million investment. The program aims to support early-stage crypto projects by providing funding opportunities and mentorship. They are looking for startups that can shape the future of Web3 and focus on practical use cases for decentralized applications. The recruitment phase coincided with Korea Blockchain Week, and selected startups will participate in a 12-week remote program with mentorship, classes, and financial support. Cronos Labs has partnered with Google Cloud, AWS, CertiK, and PeckShield. Funding for Web3 technology has been on the rise, with the Monetary Authority of Singapore committing $112 million. This is an opportunity for blockchain developers to receive support and resources.
Cronos Labs, a startup accelerator focused on Web3 technologies, has commenced its third cohort of the accelerator program. With a $100 million investment, the program aims to provide funding opportunities and mentorship to early-stage projects in the crypto space. Cronos Labs is specifically seeking startups that have the potential to shape the future of Web3 and prioritize the development of practical use cases for decentralized applications (DApps) that will attract genuine users. The recruitment phase for the program began on September 4, coinciding with the start of Korea Blockchain Week, and will select eight startups to participate in a 12-week remote program. This program will offer mentorship, master classes, marketing and financial support, and partnership opportunities. Cronos Labs has partnered with companies such as Google Cloud, Amazon Web Services (AWS), CertiK, and PeckShield to provide mentorship and support to the chosen startups. Funding support for Web3 technology has also been on the rise, with the Monetary Authority of Singapore committing $112 million to back fintech solutions like Web3. Overall, this acceleration program represents a significant opportunity for blockchain developers and innovators to receive valuable support and resources for their projects.
Published At
9/5/2023 9:57:27 AM
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