Blockchain Developer Cronos Labs Kicks Off Search for Participants in $100M Accelerator Program
Cronos Labs has signed up Google Cloud, Amazon Web Services and blockchain security specialists PeckShield and Certik as mentors for the program.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ZQLXWYAECNHPLJPFF7PCZYHRFA.jpg)
(Shutterstock)
Blockchain network developer Cronos Labs has started looking for eight startups to take part in the third cohort of its $100 million accelerator program aimed at supporting early stage crypto projects.
The recruitment phase of the 12-week program commenced Sept. 4 to coincide with the start of Korea Blockchain Week, which runs until Sept. 10, and has a particular focus on artificial intelligence, according to an announcement shared with CoinDesk on Tuesday.
"The accelerator program is targeted at teams building at the intersection of AI and crypto," Cronos Labs said. "In particular, it is designed to attract projects utilizing AI to provide unparalleled speed and efficiency that will help take products to market."
Blockchain developers have been attempting to cash in on the increased interest around AI in recent months following the mainstream success of tools like ChatGPT. Venture capitalists have also focused more on AI, making the integration between AI and crypto a key tool for courting investment.
Cronos Labs has signed up Google Cloud, Amazon Web Services (AWS) and blockchain security specialists PeckShield and Certik along with Protocol Labs as mentors for the program. Hacken and Covalent are also partners.
UPDATE (Sept. 5, 10:28 UTC): Adds more partner names in final paragraph.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.