Ignite (formerly Tendermint) launches $150 million accelerator for web3 projects by Quinnishvili
Eight investment partners are backing the accelerator through a $150 million investment.Applications are open for a new Web 3-focused startup accelerator launched on Tuesday by Ignite, a core development team within the Cosmos ecosystem.
“We are proud to establish a key driver of strategic growth to the Web 3 ecosystem at large, alongside exceptional like-minded partners,” said Sane Lebrun, chief growth officer of Ignite, in a statement. The program will support a maximum of 20 projects per year spread across two cohorts. While each session will last six months, participants will aim to have a successful mainnet launch within 12 months.
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