Search Results for: Cointelegraph Accelerator

“Brinc and Cointelegraph Accelerator are joining forces to support Web3 startups. Their collaboration will combine resources to help startups navigate the challenges of scalability and regulation amidst dwindling VC investment. The accelerators aim to leverage their complementary capabilities, mentoring, network, and marketing prowess, offering a robust support structure to foster the growth of Web3 startups.”

“Cronos Labs has launched a recruitment phase for its $100M accelerator program, aiming to support early-stage projects that promote the adoption of decentralized applications (DApps). However, this strategy can inadvertently lure scammers using government-owned website URLs to dupe victims and access their crypto wallet holdings.”

The blockchain and cryptocurrency sector evolves with Web3 driving a decentralized, user-centric environment featuring DeFi, NFTs, loyalty programs, and gaming. Web3-focused venture builder GAMI partners with Cointelegraph Accelerator to empower promising projects, creating a global decentralized product suite. Challenges around security, scalability and regulation persist, but Web3’s potential outweighs the risks.

Cronos Labs launches its second cohort for the Cronos Accelerator Program, backed by a $100 million investment. Eight handpicked early-stage crypto projects will receive mentorship, funding, and AI-related workshops in collaboration with Amazon Web Services. The 12-week program culminates in a Demo Day for securing further investments.

Singaporean VC firm Foresight Ventures pledges an additional $10 million to its Foresight X Accelerator, totaling $20 million, targeting Web3 projects in AI, ZK, machine learning, BTC, liquid staking derivatives, and NFT ecosystems. Despite challenges like energy consumption and ethical standards, Foresight envisions Web3 shaping a future focused on human connection and experience.

Blockchain-based gaming is booming, with Last Remains, a triple-A Web3 multiplayer battle royale zombie game, raising $4.75 million from major crypto investors. A partnership with Cointelegraph Accelerator highlights its focus on high-quality gameplay and the expertise of its developers from top gaming companies.

“Web3 gaming, a blend of video gaming and blockchain technology, is revolutionizing the gaming scene with aspects like decentralization, true ownership, and community. Innovations such as play-to-earn, NFTs offer a respite from Web2 monopoly. However, the fast-paced progress of Web3 gaming requires keeping up with promising projects in the blockchain-oriented gaming ecosystem.”

“Blockchain-based video distribution could be a solution to the unbalanced value distribution in the streaming video industry. Replay, a decentralized streaming protocol, aims to bring fairness and transparency to content creators by utilizing blockchain’s traceability and accountability properties.”

“Emerging from obscurity, DeFi is gaining influence in finance as enterprises and individuals pivot from centralized bodies to decentralized alternatives. Velvet Capital, backed by Binance Labs, offers on-chain digital asset management. Yet, concerns linger about security risks and skepticism towards its approach remains.”

The Web3 game Outer Ring MMO, developed by Maniac Panda Games, aims to bridge the gap between mainstream gaming and blockchain technology. Integrating familiar gameplay elements and a user-centric economy, it allows players to create, trade, and monetize in-game assets as NFTs, reaching a broader audience in the Web3 gaming space.

“China plans to bypass sanctions by constructing its own AI chip factories and leveraging particle accelerators to generate high quality light sources needed for chip manufacturing. Concerns of home-grown tech robustness, global commerce norms, and tech quality impact arise. This tech industry complexity demonstrates lengths nations will go for securing their AI future.”

“Binance, in collaboration with racing driver Pierre Gasly, is hosting an art competition, where the winner’s design will feature on Gasly’s helmet during the 2023 Abu Dhabi Formula 1 Grand Prix. This initiative encourages creative engagement and community interaction among Binance users and F1 fans alike.”

“Dubai is heavily incentivizing AI and Web3 companies by offering a 90% subsidy on commercial licenses. This is part of a larger initiative to create a significant tech hub in the MENA region, with resources like AI facilities, training programs, and internal support. Dubai’s tech-friendly initiatives, including operational licenses to crypto exchanges, aim to stimulate innovation, attract global talent and investment, and build a prosperous technological ecosystem.”

“Bank of America has implemented the world’s first VR and AI training for banking employees in the metaverse. Cryptocurrencies like Ethereum are preferred by some businesses for their fluidity and decentralisation against traditional banking. However, market volatility and security threats remain a concern. Tech giant Siemens plans to build an ‘industrial metaverse’, but the ecological impact of such advancements is under scrutiny.”

AMD unveils its MI300X AI chip designed for large language models and advanced AI, challenging market leader Nvidia’s 80% market share. With a maximum memory capacity of 192GB, it aims to increase AMD’s market share and foster innovation in the AI chip market.