Avalanche, which is also on the radar of Turkish cryptocurrency investors, continues to make a name for itself with the steps it takes. Avalanche received approximately 250 applications from more than 30 countries as part of the Codebase accelerator program. After that, he made his choices. In the latest development, it has identified its first group of 15 early-stage Web3 startups for this program.
Avalanche has selected 15 projects for its accelerator program!
cryptokoin.comAs you follow from , Avalanche manages to attract attention with its recent moves. In addition to establishing important partnerships, the Foundation’s incentives for projects also come to the fore. Codebase is a Foundation initiative that aims to help develop the next generation of web3 companies built on Blockchain. The accelerator program funds each of the 15 group members with between $500,000 and $1 million, the foundation announced Thursday. Additionally, projects selected by the Foundation will have the opportunity to participate in the $400,000 investment reward pool of the 10-week program. Avalanche announced the development from its official X account as follows:
After receiving nearly 250 applications from 30 countries, Codebase has selected its first batch of promising Web3 startups built on Avalanche!
The list announced by Avalanche includes Aash Avax, Dripit.io, Theguild Quest, Inertia Social, Lendr Network, Mezzanine Labs, Musing Network, StringPayIO, Talent Layer, The Badgexyz, Trppn Official, CCX, URCHARMS and zKnowledge Base.
Colony Lab partners with Codebase
In the announcement, the foundation also stated that Colony Lab has partnered with Codebase. Colony Lab is an established Avalanche accelerator. This partnership aims to expand cohort funding. In this vein, “Colony’s financing commitment can exceed $1 million per project, thanks to its collaboration with SwissBorg. “With over 7,500 Avalanche users with the potential to provide decentralized funding, Colony Lab offers a unique way for projects to receive seed funding from thousands of web3 natives,” he said.
The accelerator program will progress under the mentorship of both Web2 and Web3 experts. It will also culminate with an in-person presentation day at Consensus on May 29. Companies of the accelerator program will present their ideas to Web3 investors during this event.
Avalanche Foundation announces its five ‘community coins’ holdings
Earlier this month, the Avalanche Foundation announced the first five meme coins that are part of its “community coins.” The foundation’s portfolio includes meme coins named Coq Inu, Gecko, Kimbo, NoChill and Tech. This is part of the Foundation’s wider Culture Catalyst programme. In this way, the Foundation aims to encourage Web3 creators. Last year, the foundation announced its plan to acquire community coins specific to the Avalanche network. The selection process for these coins follows the Foundation’s guidelines. It also emphasizes high community value.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!