Tatum Launches Accelerator Plan to Bridge the Gap between Traditional and Web3 Accelerators
It is reported that Tatum, a company that provides developers with the framework for building blockchain applications, has launched an accelerator plan in coop…
It is reported that Tatum, a company that provides developers with the framework for building blockchain applications, has launched an accelerator plan in cooperation with the in-depth technology accelerator StartupYard. We will seek to fill the gap between traditional accelerators that lack encryption knowledge and web3 accelerators that pay too much attention to tokenization. With the support of venture capital companies such as Rockaway Capital and Credo Ventures, Tatum’s accelerator only provides 40000 euros of convertible notes to participate in the entrepreneurial accelerator, and the equity varies according to the entrepreneurial stage.
The blockchain application development platform Tatum cooperates with StartupYard to launch the accelerator program
Interpretation of the news:
Tatum, a company that provides developers with the framework for building blockchain applications, has partnered with in-depth technology accelerator StartupYard to launch an accelerator plan. The aim of this plan is to bridge the gap between traditional accelerators that lack encryption knowledge and web3 accelerators that focus too much on tokenization. Venture capital companies such as Rockaway Capital and Credo Ventures are supporting the initiative by providing 40000 euros of convertible notes to participate in the entrepreneurial accelerator, with the equity varying according to the entrepreneurial stage.
This partnership between Tatum and StartupYard is a response to the increasing demand for blockchain technology and the challenges that startups face in this sector. Many accelerators tend to skew towards either the traditional or web3 segment, leaving startups in the middle with limited resources and guidance. With this accelerator plan, Tatum and StartupYard aim to fill the void by offering startups expertise in both domains, thus providing a holistic approach to building blockchain applications.
The accelerator plan has several unique features that distinguish it from traditional accelerators. The convertible notes provided to the startups are designed to convert into equity at a future date, thus providing startups with more flexibility in structuring their investments. Furthermore, the equity varies depending on the entrepreneurial stage, which means that startups can get more or less equity depending on their development and traction. This approach aligns the interests of the accelerator and the startup, as it incentivizes both parties to work towards building successful blockchain applications.
Overall, Tatum’s accelerator plan is a step in the right direction towards creating an inclusive and supportive ecosystem for blockchain startups. By bridging the gap between traditional and web3 accelerators, Tatum and StartupYard are enabling startups to leverage the full potential of blockchain technology. The partnership with venture capital companies such as Rockaway Capital and Credo Ventures also adds credibility and financial support to the initiative, increasing the chances of success for the startups involved.
In conclusion, Tatum’s accelerator plan is a promising initiative that addresses the challenges faced by blockchain startups in accessing expertise and resources. By providing a holistic approach to building blockchain applications, Tatum and StartupYard are well-positioned to create a supportive ecosystem that fosters innovation and success.
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