Cronos Labs is rolling out its second accelerator program that focuses on the evolution of Web3 app development; just 9 days left to apply.

As the first EVM-compatible Layer-1 blockchain utilizing the Cosmos SDK, Cronos has initiated a second accelerator that focuses on Web3 developments. accelerator . 

This initiative is set to promote the growth of decentralized applications, targeting teams working on various sectors, including GameFi, DeFi, SocialFi, and fundamental infrastructure.

The program is primarily tailored for pre-seed and seed-stage startups, and having working prototypes or Minimum Viable Products (MVPs) will certainly strengthen your application within the Cronos ecosystem.

Kicking off on April 24, this three-month accelerator will be conducted remotely and will cover essential areas such as Legal, Technical, Tokenomics, Commercial aspects, Marketing, and Fundraising. A selected group of six to eight teams will gain access to Cronos’s seasoned experts along with marketing and PR support, strategic guidance, auditing assistance, and invaluable introductions to the Crypto.com Capital team, all while networking with top-tier crypto venture capital firms. Remarkably, participants will receive an immediate funding boost of $30,000 to aid in their business development. At the culmination of the program, founders will have the opportunity to showcase their projects to potential strategic partners, DAOs, investors, and angel investors during a Demo Day scheduled for July 10. Moreover, teams can also tap into the possibility of raising up to $300,000 from Cronos Labs’ substantial $100 million ecosystem fund. In exchange for the funding support, Cronos will receive a modest 1.5% of the future token and/or equity tranche. The organization may also opt to participate in subsequent funding rounds at a favorable rate.

Charlotte Kapoor recently joined Cronos Labs as the Head of Innovation Programs and provided insights:

"Scaling a startup is quite a challenge, particularly in the fast-evolving realm of Web3. This program has been crafted by industry experts who fully grasp the potential challenges innovators may encounter. With this understanding, we've designed the program to deliver a well-rounded suite of resources to shepherd founders throughout their journey in developing Web3 decentralized applications, all while capitalizing on the abundant prospects DeFi and GameFi have to offer.\"

Charlotte adds five years of Web3 experience to help grow and nurture the Accelerator Program.

Interested teams can submit their applications for the accelerator until March 26. Competition is bound to be fierce, given that over 300 startups have already expressed their interest. If your team is poised to contribute to the advancement of Web3 decentralized applications, act swiftly, as the application window remains open for just nine more days. On April 17, Cronos will announce which projects have been selected.

We’re excited to share that Metaverse Post has come on board as the Media Partner for Cronos’s forthcoming initiative. This collaboration will entail media coverage across various platforms, while Metaverse Post will also play an active role in Cronos’ projects and support future accelerator initiatives.

The Head of Cronos Labs remarked, \"The significant interest we received for our inaugural cohort of the Cronos Accelerator Program clearly indicates our community's ongoing enthusiasm for expanding the Cronos ecosystem. Building on this momentum, the second cohort aims to enhance what we've achieved so far within the Cronos ecosystem. dedicated page \"Through this Accelerator alongside Cronos Labs’ other endeavors, including ecosystem grants, hackathons, and the incubator initiative, we are committed to the future of the Cronos chain. Thanks to these efforts, we've seen a rise in innovative decentralized applications on Cronos, such as D.G. Pals, VVSgotchi, Minted, and Eyeball Pool, which are all crucial in driving widespread Web3 acceptance by offering appealing solutions to everyday users.\"

Ken Timsit, Head of Cronos Chain & Cronos Labs, reflects on the convergence of Web3 and AI. web3 accelerator Mastercard and Polygon have collaborated to introduce a web3 artist accelerator.

Ken Timsit Farfetch and Outlier Ventures have teamed up to create a Web3 fashion accelerator.

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• Valeria serves as a reporter for Metaverse Post, specializing in fundraising, AI, the metaverse, digital fashion, NFTs, and all things Web3-related.
• With a Master's degree in Public Communications and currently pursuing a second major in International Business Management, Valeria spends her free time exploring photography and fashion styling. At just 13, she launched her first blog focused on fashion, nurturing her passion for journalism and style.
• Residing in northern Italy, she often works remotely, traveling between various European cities.