While much of the talk about venture capital is around stagnation, the Web3 industry seems to be immune.
In line with this, Web3 accelerator Open Web Collective this month announced a new formal investment agreement for founders working on blockchain and the decentralized web.
Novices in the program are now accepted. An initial $150,000 investment, for a 7% equity or token share in the company, with an opportunity to earn an additional $500,000 from demo day.
The accelerator, now approaching its 4th batch, supports founders who want to develop decentralized applications (dApps) that provide new strategies and revenue in the Web3 industry.
“The Open Web Collective’s mission is to partner with innovative startups and investors, support the Web3 sector, and help find the next unicorn. OWC founder Mimi Idada says 2022 will be filled with startups, hot batches and new projects.
“This quarter is just a small tip of what’s to come this year, and we’re excited to give our community a front-row seat.”
Interested applicants should Apply here.
As the amazing Y Combinator continues to grow in size, competing accelerators have tried to find ways to break it all apart and challenge the organization’s dominance. For its part, OWC seems to be deliberately positioning itself as a leader in Web3 to appeal to founders in this space.
Post Views:
1,080
