Ignite launches Accelerator program
Zedcrypt's Newsletter No.0007/April 10-13.2022
Ignite Launches $150M-Backed Accelerator Program to Fuel the Growth of Innovative Web 3 Projects. It is supported by eleven major investment partners, Ignite Accelerator is a robust platform to help developers speed up the time to market their projects.
Ignite Accelerator focuses on the multichain ecosystem, with a total fund of $150 million secured in collaboration with 11 initial investment partners Alameda Research, Kucoin Ventures, OKX Blockdream Ventures, Hashkey Capital, Chorus One, Figment, Chainlayer, Strangelove Ventures, Forbole, Everstake, and Galileo.
Ignite Accelerator is designed to accelerate the development of innovative early-stage blockchain projects. With the support of their investment partners, they'll help talented teams realize their dreams to build, fund, and launch their own blockchains.
The name Ignite Accelerator may be new but identifying and funding high-potential blockchain projects is already woven into the company's DNA. They've been incubating and accelerating Cosmos ecosystem projects internally since 2018. Now, in collaboration with their investment partners, they're scaling their efforts to drive innovation across the blockchain space. Drawing on their successful track record and technical expertise (no other accelerator in the industry also created the core tech stack that participants will use), Ignite Accelerator will propel the adoption of the decentralized web.
Ignite Accelerator forms one of three core pillars that allow them to provide the clearest path to launching blockchain projects, alongside Ignite CLI and Ignite Ventures (formerly Starport and Tendermint Ventures). They're bringing these popular initiatives under the unified brand of Ignite, uniquely positioning our company to accelerate the transition to a decentralized future.
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