Asset Management Company Launches BTC Lightning Network Startup Accelerator
The Startup Accelerator will consist of four annual 8-week programs, with successful applicants receiving $250,000 and one receiving an additional $500,000 to the end of the program.
New
Asset management firm Stone Ridge, the parent company of bitcoin company NYDIG, has launched the first startup accelerator that focuses on the Bitcoin Lightning Network and the Taro protocol, called In Wolf's Clothing (Wolf).
The Accelerator consists of 8-week programs in which top startup founders and teams from around the world will be brought to New York City, with accommodation and travel expenses covered.
Teams that apply and are accepted into the program will receive a guaranteed investment of $250,000. A team will be chosen by a panel of judges to receive an additional $500,000 in Demo Day funding at the end of each program.
The programs will take place four times a year, with the first now open for applications and due to start in April next year.
Kelly Brewster, CEO of Wolf, highlighted one-on-one mentorships and access to a range of specialists as additional benefits of the program.
Working alongside experts from Wolf, Stone Ridge, NYDIG and beyond, Founders will benefit from funding, one-on-one mentorship and access to specialists in bitcoin, cryptography, regulatory, engineering, branding, marketing, sales, etc.
— Kelly Brewster (@kbbrewster) October 26, 2022Despite macroeconomic headwinds and a huge decline in the price of Bitcoin (BTC), the Lightning Network has continued to see rapid capacity growth over the past year, recently crossing the 5,000 BTC threshold after only reaching 4,000 BTC in June.
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The Startup Accelerator will consist of four annual 8-week programs, with successful applicants receiving $250,000 and one receiving an additional $500,000 to the end of the program.
New
Asset management firm Stone Ridge, the parent company of bitcoin company NYDIG, has launched the first startup accelerator that focuses on the Bitcoin Lightning Network and the Taro protocol, called In Wolf's Clothing (Wolf).
The Accelerator consists of 8-week programs in which top startup founders and teams from around the world will be brought to New York City, with accommodation and travel expenses covered.
Teams that apply and are accepted into the program will receive a guaranteed investment of $250,000. A team will be chosen by a panel of judges to receive an additional $500,000 in Demo Day funding at the end of each program.
The programs will take place four times a year, with the first now open for applications and due to start in April next year.
Kelly Brewster, CEO of Wolf, highlighted one-on-one mentorships and access to a range of specialists as additional benefits of the program.
Working alongside experts from Wolf, Stone Ridge, NYDIG and beyond, Founders will benefit from funding, one-on-one mentorship and access to specialists in bitcoin, cryptography, regulatory, engineering, branding, marketing, sales, etc.
— Kelly Brewster (@kbbrewster) October 26, 2022Despite macroeconomic headwinds and a huge decline in the price of Bitcoin (BTC), the Lightning Network has continued to see rapid capacity growth over the past year, recently crossing the 5,000 BTC threshold after only reaching 4,000 BTC in June.
Bitcoins Light...
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