XDC Network and Foundership Unite to Empower Web3 Startups at Demo Day
October 01, 2024 — Singapore, XDC Community, an enterprise-grade Layer 1 blockchain platform reside on mainnet since 2019, and Foundership, a number one Web3 accelerator, have partnered to launch a 12 week devoted accelerator program to educate startups on every little thing they should turn into token launch prepared. The collaboration was highlighted through the prestigious Token 2049 week, the place Foundership organized a Demo Day on the 80RR Fintech Hub.
The partnership plans to offer over USD$ 2 million in funding to greater than 10 modern startups, accelerating the event of enterprise-grade functions constructed on the XDC Community. The occasion acquired over 1000 registrations from startups &
VCs, showcased promising startups in Gaming, Islamic Finance, RWA, and Funds similar to Zayn Community, MetaSoccer, Akka Finance, Circle of Video games, Earnscape, Fandora, Panenka FC, Open Work, Resmic, and Zon Community, all of which introduced their platform to enterprise capitalists, trade leaders, and Web3 stakeholders.
Many distinguished Web3 funds and buyers have been current on the occasion, expressing sturdy curiosity in co-investing with entrepreneurs taking part within the Accelerator Program.
Ritesh Kakkad, Co-Founding father of XDC Community, made a private look on the occasion and shared his enthusiasm: “We’re excited to companion with Foundership to assist the subsequent wave of Web3 innovators. The XDC Community is an ecosystem of potentialities, and we imagine in blockchain’s immense potential to create the subsequent spherical of world-changing profitable ventures. Our purpose is to offer the sources, funding, and mentorship to show these startups’ concepts into actuality.”
Bimlesh Gundurao, Co-Founding father of Foundership, added: “Our mission is to empower startups with the important sources and steering for achievement. Along with XDC Community, we’re proud to foster a collaborative spirit inside the Web3 ecosystem and drive innovation ahead.”
Along with Foundership, XDC Community is partnering with prime international incubators like Brinc, Plug and Play, Tenity, and T-Hub to drive Web3 innovation by the XDC Accelerator Program and empowering the subsequent wave of blockchain entrepreneurs with mentorship, funding, and sources assist.
Within the first half of 2024, Web3 startups secured a complete of roughly $3.7 billion in enterprise capital funding throughout two quarters. In Q1 alone, Web3 startups raised almost $1.9 billion by 346 offers, marking a 58% improve from the earlier quarter. The pattern continued with one other $2 billion raised in Q2, displaying a modest however regular improve in investments. Classes drawing probably the most curiosity from buyers embrace blockchain infrastructure, decentralized finance (DeFi), and decentralized social networks.
Discover alternatives at: https://xinfin.org/xdc-accelerator-program and elevate your Web3 startup right this moment.
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About XDC Community
Launched in 2017, XDC Community is a safe, scalable, and interoperable Layer 1 blockchain infrastructure designed for commerce finance, RWA, Tokenization, Fee and DePIN. Extra particulars at : xinfin.org and xdc.org
About Foundership
Foundership is a worldwide Web3 accelerator program supporting early-stage startups with sources, mentorship, and funding alternatives to drive their progress and success.
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