Giant Asset Management Company Launches An Accelerator For Bitcoin’s (BTC) Lightning Network!

A billion-dollar wealth manager Stone Ridge, Bitcoin (BTC) Launched a startup accelerator focused on the Lightning network.

Stone Ridge Launches an Accelerator for Bitcoin’s (BTC) Lightning Network

wolf The accelerator program, called the accelerator, is receiving applications for its first batch. Each participating team raises $250,000 in funding, as well as Stone Ridge and its subsidiary focused on institutional Bitcoin services. NYDIGwill receive consultancy services from the employees in

In addition, other venture capitalists and Bitcoin-focused companies will make potential investments and offer advisory services for group members.

Stone Ridge Holding Group is a billion-dollar-management asset company that includes the famous cryptocurrency asset fund NYDIG.

Only companies built on Lightning and Taro, which enable the generation of new digital assets such as tokens or collectibles on Bitcoin, will be accepted into the program.

The Lightning network appeared in 2015. Its goal was to build a scalable payment network and smart contract ecosystem on Bitcoin.

Taro and the Lightning Network work similarly to Ethereum, with multiple layers to solve scalability issues.

According to Volt Capital venture partner Mohamed Fouda, up to this point the Lightning Network has had steady adoption, but has faced several challenges as to which business opportunities make the most sense for long-term growth.

Applications that will emerge from this venture center may include liquidity centers to collect routing fees, integrations to expand the reach of the Lightning Network, and payment routes that use user services as the core infrastructure.

*Not investment advice.