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Cronos Labs Launches $100 Million Accelerator Program, Seeking Blockchain Developer Partners

Sep 5, 2023 at 04:07 pm

Cronos Labs, a key player in the realm of blockchain network development, has embarked on a mission to identify and engage with eight promising startup ventures eagerly seeking entry into the third phase of its remarkable $100 million accelerator program. This program is meticulously crafted to nurture and propel the growth of emerging cryptocurrency initiatives in their early stages.

The launch of the latest recruitment campaign for this 12-week program coincided with the commencement of Korea Blockchain Week on September 4 and is slated to extend until September 10. Notably, this iteration of the accelerator initiative places a prominent focus on the realm of artificial intelligence, a strategic orientation elucidated in an official announcement exclusively shared with Bitsday.

Cronos Labs has elucidated its vision for the program, underscoring its commitment to teams situated at the intersection of artificial intelligence and the cryptocurrency landscape. More specifically, the program is architected to attract projects harnessing the transformative potential of AI to deliver unparalleled speed and efficiency, thereby expediting the development and market entry of groundbreaking products.

In recent months, blockchain developers have been swift to seize the opportunities arising from the heightened interest in artificial intelligence, driven in part by the mainstream adoption of AI tools like ChatGPT. In parallel, venture capitalists have intensified their focus on AI-related ventures, accentuating the pivotal role played by the convergence of AI and cryptocurrency in terms of attracting investment.

A noteworthy development in this context is Cronos Labs' strategic collaboration with industry titans such as Google Cloud and Amazon Web Services (AWS), fortifying the mentorship roster of the program. Moreover, the involvement of esteemed blockchain security specialists PeckShield and Certik, in addition to Protocol Labs, serves to enhance the program's credibility. This alliance is further augmented by the participation of Hacken and Covalent, further solidifying the program's standing within the dynamic cryptocurrency ecosystem.

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