Cointelegraph has initiated its web3-centric accelerator initiative, paving the way for innovative projects.

The newly announced web3 accelerator by Cointelegraph targets projects in NFT, social media, GameFi, DeFi, as well as cross-chain and layer-2 innovations.

This accelerator is eager to welcome companies from pre-seed to Series A stages that aspire to enhance their marketing strategies and broaden their customer reach. To join, startups should have established business models and functional products at their disposal. Furthermore, projects are anticipated to present clear roadmaps, sustainable token utilities, and comprehensive project documentation.

The support provided by the program will span from nine months to two years, depending on the strategic objectives of the project. As indicated in the announcement, Cointelegraph aims to help startups carve out a niche in the ever-evolving crypto landscape. The outlet will extend assistance regarding media outreach, marketing strategies, and brand development. For example, Cointelegraph plans to offer various advertising options, including standard placements and tailored content such as educational pieces.

Typically, Cointelegraph invests between $500,000 and $5 million in advertising value into startups. Nevertheless, for those selected for the accelerator, the media outlet will grant access to a plethora of resources including investors, tech partners, market makers, and trading platforms.

Participating startups can exchange equity stakes or their native tokens for entry into the program, and interested founders are encouraged to submit their applications through a dedicated portal. website .

We are thrilled to broaden our offerings with the Accelerator Program, which aims to deliver knowledge and education to enthusiasts around the globe, particularly focusing on the latest technology startups and advancements in web3. We invite innovative companies with strong convictions to apply for this program and join our network of partners in delivering lasting value to the industry,”

expressed Paul Solntsev, the head of Cointelegraph Accelerator.

Among the prominent firms launching their web3 accelerators are other venture capital funds. Andreessen Horowitz , luxury retailer Farfetch , L’Oréal and Meta, and Disney On January 9, Mastercard made headlines with its announcement of a newly formed web3 accelerator in collaboration with Polygon. announced Disney has selected six accelerator programs that emphasize augmented reality, NFTs, and artificial intelligence to drive business innovation.

Read more about accelerators:

• Mastercard and Polygon have come together to announce the initiation of a web3 artist accelerator.
• L’Oréal, Meta, and HEC Paris have unveiled a startup accelerator centered around the Metaverse.
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