Crypto.com’s blockchain network Cronos has launched a $100 million fund for an accelerator program focused on DeFi, Web3, and the metaverse.
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The program targets cryptocurrency projects in seed and pre-seed stages, looking for mentorship, funding, and growth.
Cronos Accelerator program will reportedly incorporate related marketing initiatives, including a chance to integrate DeFi wallet, NFT marketplace, and crypto exchange services from Crypto.com.
The project selected to take part in the program will have between $100,000 to $300,000 seed investment and additional grant funding.
Some of the notable investors that are part of the Cronos Accelerator Program include Spartan Labs, Mechanism Capital, OK Blockchain Capital, and Dorahacks.
Cronos managing director Ken Timsit says that the program aims to offer end-to-end support across the operation of the eligible projects. The program will comprise weekly workshops by Cronos Labs that touch on various aspects of project development.