Binance and Orbs sponsor new accelerator for DeFi startups

Binance and Orbs sponsor new accelerator for DeFi startups


Orbs, an Israeli blockchain company building a public blockchain infrastructure project, and Binance, announced Monday the launch of a new accelerator for the DeFi ecosystem.

Named DeFi.org, the accelerator focuses on supporting research and development of open-source software and community development in the DeFi space. The accelerator will evaluate projects based on their innovativeness and composability within the space, as well as principles of fair distribution, community ownership, sustainable economics and a sound approach to risk management.

Participants receive benefits including mentorship, opportunity for funding and exposure to the market and DeFi community. The accelerator’s mentors initially include veterans of the Orbs team, with Binance team members expected to join soon. Additional mentors from different backgrounds are being recruited as well.

Trending: New Evidence Emerges: Capitol Police Officer Did Not Die From Fire Extinguisher

In line with the sponsorship, startups will have additional consideration if they are willing to apply for participation in Binance’s “Bridging DeFi and CeFi” program or the Orbs Grant Program. The wider accelerator program is nonetheless blockchain agnostic,

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend