Cronos, the first EVM-compatible layer 1 blockchain built on the Cosmos SDKtoday announced the nine participants selected for the first cohort of its flagship $100 million-backed Cronos Accelerator program.
The Cronos Accelerator is a 10-week program designed to accelerate the growth of top project teams building on the Cronos chain. The Cronos Accelerator program is funded by the $100 million Cronos Ecosystem Fund and will include 3-4 cohorts of accelerators per year.
Since the official announcement of the Cronos Accelerator program in June, Cronos has received over 300 applications across a variety of DeFi, Web3 games and infrastructure projects.
The candidates were evaluated according to their market potential, the attractiveness of their products, the experience of their team and the synergies they have with Cronos Chain.
After a rigorous selection process, Cronos Labs has selected the following nine participants for its inaugural cohort of accelerators:
1. DGPals (Web3 games)
DGPals is a multi-game and multi-genre NFT interoperable web3 game project on V-pet simulator, 5v5 auto-battler, virtual city, SLG Tower Defense simulation.
2. eyeball pool (Web3 games)
Eyeball Pool is a skill-based multiplayer mobile game that allows players to use NFTs in pool events, tournaments, and head-to-head play to earn rewards.
3. port (Web3 Games)
Harbor aims to be a web 2.5 multi-genre mobile gaming platform amplifying Free-to-Play experiences with a crypto-economic layer.
4. The new resistance (Web3 games)
The New Resistance is a first-person shooter offering both a multiplayer PvP experience with custom game modes and a cooperative PvE generative dungeon.
5. wild forest (Web3 games)
Wild Forest is a Free-to-Play & Play-to-Earn real-time mobile strategy game with direct unit control and deep card-collecting elements.
6. Bubble cards (Infrastructure analysis)
Bubblemaps is an offer audit and analysis tool visualization tool for tokens and NFTs. The platform’s unique and colorful bubbles make it easy to understand on-chain data.
seven. Mesh (Infrastructure analysis)
Meshlink is an all-in-one smart contract management and transaction analytics platform.
8. ReferReach (SocialFi)
ReferReach is the first SEO platform that allows users to easily discover, organize and prioritize professional referrals. The platform integrates artificial intelligence with users’ network knowledge to create more business opportunities.
9. Glass Funding (DeFi)
Glass Finance is a DeFi protocol offering an innovative discrete-AMM DEX liquidity model that maximizes capital efficiency by allowing users to deploy liquidity within certain price ticks and enabling non-custodial on-chain limit orders.
These nine participants will be matched with reputable industry mentors who will provide them with dedicated mentorship. Additionally, these attendees will benefit from weekly workshops facilitated by Cronos Labs and external subject matter experts, covering key topics related to creating early-stage protocols.
“Cronos is dedicated to supporting a vibrant and growing ecosystem of DeFi, GameFi, SocialFi, and infrastructure analytics applications and users. Ultimately, this first cohort of the Cronos Accelerator program set a precedent for our program to promote projects that could pave the way for engaging and onboarding the next generation of web3 users. We look forward to working closely with these exceptional participants to accelerate their growth on Cronos and beyond.
– Ken Timsit, CEO of Cronos
The Cronos Accelerator includes a range of venture capital funds, gaming guilds and infrastructure partners who will provide support to participants through workshops and roundtables.
Partners include Spartan Labs, Mechanism Capital, Crypto.com Capital, Ubisoft, IOSG Ventures, OKX Blockdream Ventures, Lingfeng Innovation Fund, Protocol Labs, Altcoin Buzz, Dorahacks, NGC Metaverse Ventures, AP Capital, Simmons & Simmons, AvocadoDAO, PathDAO, Re:base Ventures, and more.
In addition, the Cronos Accelerator has also integrated several mentors who will offer dedicated mentoring and personalized guidance to participants.
- Benson Yan (Partner, OKX Blockdream Ventures)
- Eric Yang (Managing Partner, Fundamental Labs)
- Eugin Lee (angel investor)
- Eva Wu (Principal, Mechanism Capital)
- Jon Russell (Partner, Crypto.com Capital)
- Josh Wang (Venture Investor, PathDAO)
- Ken Timsit (CEO, Cronos Labs)
- Nicole Zhang (Partner, Lingfeng Innovation Fund)
- Queenie Wu (Partner, IOSG Ventures)
- Shashwat Gupta (CEO and Founder, Altcoin Buzz)
- Shaun Heng (Head of Spartan Laboratories)
- Usman Choudhry (Head of Crypto, AP Capital)
- Zihao Chen (General Manager, NGC Metaverse Ventures)
“Cronos has quickly become one of the leading Web3 ecosystems and I’m thrilled to see its progress accelerating thanks to the Cronos Accelerator program. The range of quality mentors and access to resources will enable founders and teams entering the program to build impactful web3 businesses.
– Jon Russell, investment partner at Crypto.com Capital