Solana Labs, which has developed one of the largest cryptocurrency ecosystems, has established a new incubation program for startups.
Solana Labs, startups working in this field Solana blockchain instead of other blockchains It is setting up an incubation program to persuade them to choose.
“Incubation programs like this are critical to the success of startups in the Web3 space,” said Emon Motamedi, Product Manager at Solana Labs. “Blockchain startups are going through a much more challenging process than traditional tech startups because the field is still young and evolving in many ways.” said.
Solana Labs will launch a private token sale at the beginning of 2021 to contribute to the growth of the Solana ecosystem. $314 million he had collected.
One of the aims of the established program will be to move developers away from other blockchains. Motamedi said the following on the subject:
“There are exceptional technical teams that have built great things on other blockchains, and as the industry has evolved, they have realized the unique technical advantages that Solana offers. But some of them were hesitant to change the blockchain they use due to the technical difficulty of the process. The goal of Solana Incubation will be to attract these talented teams.”
Solana Labs will guide the projects participating in the program on issues such as engineering, marketing and fundraising.