Cronos Launches $100M Accelerator Program to Boost Ecosystem Growth - Daily Bitcoin news

Cronos Launches $100M Accelerator Program to Boost Ecosystem Growth



Cronos, the EVM-compatible layer-1 blockchain backed by industry giant CryptoCom, announced a 10-week accelerator program with $100 million in funding.

  • According to a press release shared with cryptopotato, Cronos launched the so-called Cronos Accelerator Program.
  • This is a 10-week initiative with a $100 million war chest that aims to sustain the momentum in the space and provide developers with further incentives to continue building.
  • Projects that receive the green light will be matched with industry mentors with relevant experience.
  • In addition, Cronos Labs will also host weekly workshops that will include external subject matter experts. Their focus would be on various topics, all associated with building decentralized protocols.
  • Speaking on the matter was Ken Timsit, Managing Director at Cronos Chain and the Cronos Labs Accelerator, who said:

Through Cronos Accelerator, we want to enhance the potential of projects that sincerely want to help grow the ecosystem by providing support in almost every area of ​​their operations. In the current climate, it is more important than ever to put our heads down and start building aggressively.

  • The release added that seed investment opportunities from the accelerator would range between $100K and $300K.
  • The news comes on the back of CryptoCom receiving provisional approval to offer cryptocurrency-related services in Dubai a few days ago.
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