Cronos Labs, a Web3 startup accelerator, has launched the third cohort of its accelerator program, which seeks to support early-stage projects through funding opportunities and mentoring.<\/p>\n\n\n\n
$100 million in funding is available to support the initiative’s support of cryptocurrency startup businesses. Cronos Labs stated in a press release that the accelerator’s objective is to foster entrepreneurs with the potential to\u201cshape the future of Web3.<\/p>\n\n\n\n
Moreover, Cronos seeks out initiatives that foon the development of real-world use cases to promote the adoption of decentralized applications (DApps) that can attract real users rather than algorithms.<\/p>\n\n\n\n
The recruitment phase of the program began on September 4, coinciding with the beginning of Korea Blockchain Week, which will last until September 10.<\/p>\n\n\n\n
Cronos Labs will select eight entrepreneurs to participate in a 12-week remote program that includes mentorship, master classes, marketing and financial assistance, and introductions to strategic partners.<\/p>\n\n\n\n
A demonstration day will be held after the program to initiate discussions on fundraising. Charlotte Kapoor, head of innovation programs at Cronos, stated in a statement that the number and caliber of applicants to the accelerator’s previiterations were\u201coverwhelming\u201d and that it would be difficult to construct a final shortlist.<\/p>\n\n\n\n
\u201cWe’re looking for novel proposals that solve real problems while demonstrating ingeniuses for AI, blockchain, and decentralized technology,\u201d Kapoor added.<\/p>\n\n\n\n
See also 10 In-Demand Crypto Jobs You Can Apply For Today 3 months ago<\/p>\n\n\n\n
Cronos recruited numerbusinesses as mentors and program partners. These include Google Cloud, Amazon Web Services, CertiK, and PeckShield, two blockchain security companies.<\/p>\n\n\n\n
In addition, companies like Protocol Labs, Hacken, and Covalent participate in the accelerator program. In the meantime, funding support for Web3 technology has been gradually increasing.<\/p>\n\n\n\n
The Monetary Authority of Singapore, the country’s central bank, pledged $112 million on August 7 to support Web3 and other financial technology solutions. The program will encourage innovation by funding initiatives that employ cutting-edge technologies.<\/p>\n","protected":false},"excerpt":{"rendered":"
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