[Blockchain Today Reporter Jieun Lee] On the 14th, Bitcoin-based distributed Internet Stacks announced on the 14th that it will implement an accelerator program worth $4 million for intensive investment by early-stage startups in the ecosystem.
Stacks Accelerator plans to find and discover founders and teams for Bitcoin-based application development at an early stage and support up to $50,000 per team.
The accelerator program will run for 3 months and will invest in up to 20 startups.
Stacks aims to build smart contracts and decentralized applications based on the Bitcoin blockchain. Unlike existing blockchain platforms, Stacks intends to expand the functionality of Bitcoin and build user-oriented services.
As a mentor of Stacks Accelerator, Eric Ries, author of’Lean Startup’ and Meltem Demirors, Chief Strategy Officer (CSO) of Cryptocurrency Asset Manager CoinShares.
Accelerator investments include Union Square Ventures partner Albert Wenger and Chainlink co-founder Sergey Nazarov.
“The goal is to create a successful enterprise and build a community using the Stacks blockchain,” said Trevor Owens, Partner of Stacks Accelerator.
“After the successful launch of the Stacks 2.0 mainnet, we are pleased to be able to present an accelerator program for founders and developers,” said Geumsan Jeong, Leading Waves Korea. I hope that excellent services will appear.”
contact@blockcast.cc
