The post BitcoinFi Accelerator Unveils Revolutionary Pre-Seed Support Program for Bitcoin Developers appeared on BitcoinEthereumNews.com.

Atlanta, GA, September 27th, 2024, Chainwire Boost VC, Draper Associates and Thesis* Join Forces to Foster Innovation in Infrastructure, DeFi and SocialFi Boost VC, Draper Associates, and Thesis*, one of the longest-standing venture studios funding and building brands on Bitcoin, today announced the launch of the BitcoinFi Accelerator, an exclusive six-week program designed to accelerate the next generation of dApps and solutions built on Bitcoin. The co-run program aims to nurture and support pre-seed teams working on revolutionary projects in Decentralized Finance (DeFi), Social Finance (SocialFi), and Infrastructure with applications opening today, September 27, 2024. The program will provide each project with a starting $150K in funding. As the Bitcoin ecosystem continues to evolve, this accelerator provides expert mentorship, technical resources, and essential networking opportunities to a select group of innovators. Up to 20 teams will be chosen to participate in the program, receiving seed funding and the opportunity to scale their projects through direct engagement with Bitcoin’s vast economic potential. “For years, Bitcoin projects have been underfunded. The launch of the BitcoinFi Accelerator marks a paradigm shift in how the Bitcoin developer community accesses resources to scale the full-stack Bitcoin ecosystem. It brings them the capital they need for developing the technology that puts Bitcoin to use in the real world,” said Matt Luongo, CEO of Thesis*. “We’re delighted to collaborate with other industry leaders who were early supporters of Bitcoin and bring their proven track records in early-stage incubation to provide hands-on mentorship.”  The BitcoinFi Accelerator is uniquely focused on leveraging Bitcoin’s economic value and scalability by driving innovation in key areas. These include decentralized exchanges, lending platforms, community-driven social networks, and other solutions designed to expand Bitcoin’s capabilities as both a financial and social tool. Participating teams will benefit from expert mentorship and will have the opportunity…

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Filed under: News - @ September 27, 2024 4:26 pm