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Home»ADOPTION NEWS»Avalanche’s Codebase Accelerator Program selects the first cohort.
ADOPTION NEWS

Avalanche’s Codebase Accelerator Program selects the first cohort.

By Crypto FlexsMarch 28, 20242 Mins Read
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Avalanche’s Codebase Accelerator Program selects the first cohort.
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avalanche Avex

-1.67%
have chosen that first cohort, Consisting of 15 early-stage web3 startups for the Codebase Accelerator Program ~ after transmission almost 250 application from on 30 nation.

code base is not avalanche base An initiative that aims to support the development of the next generation of web3 companies based on blockchain.. The accelerator program will provide between $500,000 and $1 million in funding to each of its 15 cohort members, according to Thursday’s announcement. Selected projects will also be eligible to receive a $400,000 investment prize pool for the 10-week program.

The Avalanche announcement adds Colony as follows: lab, not established avalanche accelerator, have alliance with code base to expand cohort Financing. “Thanks to our collaboration with SwissBorg, Colony’s funding commitment can exceed $1 million per project. With over 7,500 Avalanche users potentially contributing decentralized funding, Colony Lab will ensure that projects receive initial funding from thousands of web3 natives. “It offers a unique way to receive funding.” Codebase announcement stated:

The accelerator program leverages mentorship from web2 and web3 experts and culminates with an in-person presentation at Consensus on May 29th. Companies in the accelerator program will pitch their ideas to web3 investors during this event.

Avalanche Foundation reveals five ‘community coins’ it owns

Avalanche earlier this month The foundation that powers the Avalanche blockchain network has released the first five memecoins that are part of its “community coin reserve.”

The foundation’s portfolio includes meme coins Coq Inu, Gecko, Kimbo, NoChill, and Tech. It’s part of the foundation’s broader Culture Catalyst program, which aims to “grow web3 creators.”

Last year, the foundation declared its intention to acquire community coins associated with the Avalanche network. The coin’s selection process follows the foundation’s guidelines and emphasizes “high community value.”


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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