{"id":29159,"date":"2022-06-07T09:50:51","date_gmt":"2022-06-07T13:50:51","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=29159"},"modified":"2022-06-07T09:53:24","modified_gmt":"2022-06-07T13:53:24","slug":"cronos-launches-100m-defi-and-web3-accelerator-program","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cronos-launches-100m-defi-and-web3-accelerator-program\/","title":{"rendered":"Cronos launches $100M DeFi, Web3 accelerator program"},"content":{"rendered":"\n
Crypto.com's Cronos has announced the introduction of a $100 million accelerator program to help drive breakthroughs in areas such as decentralized finance (DeFi), Web3, and Metaverse<\/a>.<\/h5>\n\n\n\n
\"Cronos
Cronos launches $100M DeFi and Web3 accelerator program<\/figcaption><\/figure>\n\n\n\n

The Cronos Accelerator Program, which is driving the initiative, is supported by $100 million and is designed to assist crypto companies in the seed and pre-seed phases that are looking for mentorship, finance<\/a>, and growth.<\/p>\n\n\n\n

Projects selected for the accelerator program will be paired with mentors who are compatible, according to the statement.<\/p>\n\n\n\n

Mechanism Capital, Spartan Labs, IOSG Ventures, OK Blockchain Capital, AP Capital, Altcoin Buzz, and Dorahacks are among the significant investment partners supporting the Cronos Accelerator Program\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

Cronos intends to bring on additional partners in the future. Cronos managing director Ken Timsit remarked, “To provide greater insight into the initiative,<\/p>\n\n\n\n

\u201cIn the current climate, it is more important than ever to put our heads down and start building aggressively.\u201d <\/p>

Timsit seeks to help projects reach their full potential by offering end-to-end support throughout the project's life cycle. Cronos Labs, the Web3 startup accelerator arm of Cronos, hosts weekly workshops on various areas of establishing crypto ventures<\/a> as part of this effort.<\/p><\/blockquote>\n\n\n\n

Aspiring projects have the potential to receive a seed investment of $100,000\u2013$300,000, as well as the prospect of additional grant funding.<\/p>\n\n\n\n

Projects will be able to connect to Crypto.com's ecosystem, which includes a DeFi wallet, crypto exchange, and nonfungible token marketplace<\/a>, in addition to mentorship and other marketing initiatives.<\/p>\n\n\n\n

The Philippines' Department of Science and Technology (DOST) recently announced a training program for researchers interested in evaluating the practicality of blockchain technology in the healthcare, financial services, and emergency help industries.<\/p>\n\n\n\n

A DOST official, Enrico Paringit, stated that the department intends to “create non-cryptocurrency applications” while also producing blockchain <\/a>development expertise to help the government's in-house efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto.com’s Cronos has announced the introduction of a $100 million accelerator program to help drive breakthroughs in areas such as decentralized finance (DeFi), Web3, and Metaverse. The Cronos Accelerator Program, which is driving the initiative, is supported by $100 million and is designed to assist crypto companies in the seed and pre-seed phases that are […]<\/p>\n","protected":false},"author":12,"featured_media":29163,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[10425,10424,197,6795],"class_list":["post-29159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-accelerator-program","tag-cronos","tag-defi","tag-web3-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-50.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=29159"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/29163"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=29159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=29159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=29159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}