TechFlow news — The Fantom Foundation has announced the launch of the Sonic Labs startup accelerator program, aimed at fostering innovation within Fantom's new Sonic technology stack and providing resources and support for the next generation of Web3 entrepreneurs.
The program will select up to five projects, offering each one 1 million FTM (approximately $294,000) in funding, along with technical support, co-marketing opportunities, and mentorship.
The Fantom Foundation encourages eligible projects to apply. Developers can begin building on Sonic starting December 15. Selected projects will launch alongside the Fantom Sonic mainnet in spring 2024.
The Sonic Labs program is open to all developers building new applications on Fantom technology, including GameFi and DeFi. Evaluation criteria include vision, utilization of Sonic technology, target user base, uniqueness, positive impact on the Fantom network and users, and branding. The application deadline is February 6, 2024.
