FutureMoney Group and IoTeX Foundation jointly launch $5 million DePIN accelerator program
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FutureMoney Group and IoTeX Foundation jointly launch $5 million DePIN accelerator program
This program aims to cultivate innovative Web3 startups in the fields of DePIN, artificial intelligence, and unlocking real-world asset value.
Navigating Web3 tides with focused insightsAs the first in a series of ongoing initiatives throughout 2024, this accelerator program focuses on fostering startup innovation seeking to unlock $2.2 trillion in real-world value through Web3, DePIN, and artificial intelligence.
We are thrilled to announce a groundbreaking partnership with FutureMoney Group to launch a $5 million Decentralized Physical Infrastructure Networks (DePIN) accelerator—the world’s first accelerator dedicated exclusively to DePIN. This initiative marks the beginning of a planned series of accelerators set to commence in 2024, aiming to nurture innovative Web3 startups in the fields of DePIN, artificial intelligence, and unlocking real-world value (valued at $2.2 trillion).
As a leading modular Web3 infrastructure platform, IoTeX is committed to connecting smart devices and real-world data to the blockchain, consistently fulfilling our mission to bridge the gap between the physical and digital worlds. Partnering with FutureMoney Group, a renowned Web3 investment firm, underscores our dedication to supporting the next generation of entrepreneurs exploring the vast potential of DePIN.
JING SUNG, Co-Founder and Investment Director at IoTeX, said: “Innovative startups stand at the forefront of a rising wave of decentralized physical infrastructure, unlocking immense untapped opportunities by bringing verified real-world data on-chain. We’re excited to be part of this pioneering DePIN accelerator program, the first in a series aimed at discovering and empowering forward-thinking founders.”
EO Hao, Founding Partner at FutureMoney Group, shared: “We are thrilled to partner with IoTeX, a leading DePIN infrastructure provider, to launch a DePIN-focused accelerator that supports some of the most innovative entrepreneurs. We are particularly focused on accelerating DePIN projects that promote geographic diversity, environmental responsiveness, and democratic access to scarce data resources.”
DePIN Accelerator Program
This program targets ambitious entrepreneurs striving to unlock the full potential of DePIN—from leveraging AI to monetize real-world data, to enabling democratic access to scarce resources.
The virtual accelerator will accept applications from December 24, 2023, to January 14, 2024, with the first demo day scheduled for the end of February 2024. Over six intensive weeks, the FutureMoney Group and IoTeX Foundation will lead a comprehensive program offering exceptional networking opportunities, resources, and mentorship support to founders. Key focus areas include DePIN flywheel mechanics, tokenomics, effective pitching and fundraising strategies, technical workshops, modular development tools, go-to-market strategies, liquidity enhancement, and community engagement.
A total of $5 million will be allocated through the program, with each selected project receiving an initial $50,000 investment and the potential for additional funding. This initiative not only demonstrates our commitment to nurturing innovation but also reflects our belief in the transformative power of DePIN and Web3 technologies.
To apply for the inaugural cohort of the DePIN Accelerator Program, please visit this link.
Cultivating the roots of DePIN, shaping its future—IoTeX is not just building cutting-edge technology, but carefully cultivating a vibrant and sustainable DePIN ecosystem. The DePIN Accelerator Program is one of several initiatives designed to support emerging startups at different stages of development.
IoTeX’s W3bstream is a pioneering, chain-agnostic, decentralized off-chain computing protocol that uses innovative zero-knowledge proofs and a universal zkVM to deliver verifiable results. W3bstream serves as critical middleware that accelerates time-to-market for DePIN projects.
Recognizing the crucial role of financial stability for early-stage startups, IoTeX has established the DePIN Liquidity Hub. This innovative platform provides emerging projects with essential liquidity resources, enabling them to focus on growth and innovation without being constrained by financial limitations.
DePINscan is IoTeX’s data aggregation and visualization tool, offering valuable resources to the DePIN community. By providing comprehensive data analytics and visualization, DePINscan empowers projects to identify market trends, optimize strategies, and leverage collective insights for growth.
Our R3AL WORLD events are thoughtfully curated networking hubs designed to foster collaboration and strategic partnerships within the DePIN ecosystem. These events connect promising DePIN projects with investors, mentors, and potential collaborators, creating fertile ground for innovation and synergistic growth.
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