October 3, 2022
Chicago 12, Melborne City, USA
Crypto

Ignite launches $150M crypto accelerator program for Cosmos ecosystem

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Ignite (formerly Tendermint), a developer of the Cosmos blockchain ecosystem, has announced the launch of the Ignite Accelerator, an initiative to support the next wave of early-stage startups on Web3.

Ignite Accelerator focuses on multichain ecosystems, with a total of প্রাথমিক 150 million secured by 11 initial investment partners: Alameda Research, Kucoin Ventures, OKX Blockdream Ventures, HashKey Capital, Chorus One, Figment, Chainlayer, Strangelove Ventures, Eversta, Forkebo Gal.

Blockchain projects are fast-tracked with Ignite Accelerator

Through a useful fast-track program, Ignite Accelerator helps participants quickly design, develop, and launch their blockchain projects, including expert mentors, exclusive networking, exceptional talent, and access to significant capital streams.

The teams will benefit from specialized support and market capabilities from dedicated Ignite internal professionals dedicated to helping projects thrive. In addition, the support of established investing partners helps to increase the initial level, provide skills and scale your network.

The name Ignite Accelerator may be new but identifying and financing high-potential blockchain projects is already woven into our company’s DNA. We have been accelerating and accelerating Cosmos ecosystem projects internally since 2018. Now, in collaboration with our investment partners, we are scaling up our efforts to innovate across blockchain spaces. To build on our successful track record and technical expertise (no other accelerator in the industry has created a core tech stack that participants will use), the Ignite Accelerator will help us embrace the decentralized web. “
– Burning party

Currently, Ignite Accelerator focuses its investments in three key markets based on its current portfolio distribution: technical infrastructure, Defy, Plus Community and Social.

Burn CLI: Create your own blockchain

The Ignite Accelerator forms one of the three main pillars that enable Ignite to offer a clear path to launch blockchain projects, along with Ignite CLI and Ignite Ventures (formerly Starport and Tendermint Ventures).

Ignite CLI has been rebranded from Starport, where projects will begin their blockchain development process.

Acting as an inclusive platform, Ignite CLI is a feature-rich solution that can easily create an interoperable and sovereign blockchain for developers.

To adapt to any project, Ignite CLI allows you to create a completely sovereign blockchain in someone else’s chain instead of just a smart contract.

All blockchains built with the Ignite CLI come with IBC functionality so that projects can build their communities and connect to a growing number of interchain chains in the cosmos ecosystem.

More than 30 chains have already been created using Ignite CLI, including Cosmos Network’s most innovative projects, such as Osmosis, Juno, Loom Network and Stargage.

The application is now open

  • Ignite Accelerator will support 20 projects a year, including two co-ops annually.
  • Each CoHart participation will run for six months and will focus on helping participating projects reach successful Mainnet launches within 12 months.
  • The application to join the fast-track program is now.

To consider Ignite Accelerator as the first group of participants, see the application.

Source:
ignite.com/ventures

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