Revolutionizing blockchain Startups: XDC Network and Foundership's Accelerator Program
In a landmark collaboration that underscores the dynamic synergy between Technology and Innovation, the XDC Network has joined forces with Foundership to introduce a groundbreaking accelerator program tailored for web3 startups. Set to extend crucial mentorship and funding over the course of 12 weeks, this initiative is poised to catapult emerging startups into the realm of Token launch readiness. The announcement, made amid the buzz of the prestigious Token 2049 week in Singapore, unfolds a new chapter in fostering blockchain Technology’s role in shaping future enterprises.
Empowering web3 Innovators with Unprecedented Support
The partnership heralds a significant investment exceeding USD $2 million, aimed at nurturing more than 10 innovative startups. This bold move is set to fast-track the Development of enterprise-grade applications leveraging the prowess of the XDC Network. At the spectacular Demo Day event hosted at the 80RR Fintech Hub, an eclectic mix of startups from various domains including gaming, Islamic Finance, Real-World Assets (RWA), and Payments, made compelling presentations before a distinguished audience of venture capitalists, industry pioneers, and web3 enthusiasts.
Apart from showcasing promising Platforms like Zayn Network, MetaSoccer, and Akka Finance, among others, the event turned the spotlight on the burgeoning interest from web3 funds and investors willing to back entrepreneurs affiliated with the Accelerator Program.
A Vision for blockchain’s Future
Ritesh Kakkad, Co-Founder of XDC Network, shared his vision at the event, expressing excitement about empowering the next wave of web3 innovators. With a strong belief in blockchain Technology's potential to incubate successful ventures, the XDC Network aspires to provide a fertile ecosystem abundant with resources, funding, and mentorship to materialize groundbreaking ideas.
Foundership's Mission for Startups
Bimlesh Gundurao, Co-Founder of Foundership, emphasized their mission to equip startups with the necessary resources and guidance for triumph. The partnership with XDC Network strengthens their commitment to nurturing a collaborative spirit within the web3 ecosystem, propelling Innovation to new heights.
Global Incubators Join the web3 Innovation Drive
In a concerted effort to boost web3 Innovation, the XDC Network is extending its collaboration to top global incubators such as Brinc, Plug and Play, Tenity, and T-Hub. This collaboration underscores an inclusive strategy to empower the next generation of blockchain entrepreneurs through mentorship, funding, and resources support aimed at refining their ventures.
The Blossoming web3 Startup Landscape
The first half of 2024 witnessed an impressive influx of venture capital into web3 startups, aggregating approximately $3.7 billion across two quarters. With the first quarter alone recording nearly $1.9 billion over 346 deals, there’s been a noticeable 58% surge from the preceding quarter. This upward trajectory persisted into the second quarter, highlighting the growing investor confidence in blockchain infrastructure, Decentralized finance (DeFi), and Decentralized social networks as promising investment zones.
Prospective participants and innovators are encouraged to explore opportunities at the XDC Accelerator Program’s official website, paving their way towards elevating their web3 startups.
About XDC Network
Since its launch in 2017, the XDC Network has established itself as a secure, scalable, and interoperable Layer 1 blockchain infrastructure. Focused on serving critical sectors such as trade finance, RWA, Tokenization, Payment, and DePIN, the network continues to be at the forefront of delivering blockchain Solutions that matter. For more information, visit their official websites xinfin.org and xdc.org.
About Foundership
As a global accelerator for web3 startups, Foundership is dedicated to supporting early-stage ventures by providing them with the essential resources, mentorship, and investment opportunities needed for their success and Growth.
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