ScalingX Launches $20M Accelerator Project for Web3 Ecosystem
It is reported that ScalingX, the Web3 global developer community, is launching an accelerator project with a commitment of 20 million US dollars. The accelera…
It is reported that ScalingX, the Web3 global developer community, is launching an accelerator project with a commitment of 20 million US dollars. The accelerator aims to support and cultivate the Web3 ecosystem, including development, community construction and focus on building scalable and secure infrastructure solutions, such as zero-knowledge (zK) technology, decentralized finance (DeFi) and the metauniverse project.
ScalingX, the Web3 global developer community, launched a $20 million accelerator project
Interpret the above information:
ScalingX, the Web3 global developer community, has recently announced the launch of an accelerator project with a commitment of $20 million. The aim of this project is to support and cultivate the Web3 ecosystem, which includes development and community construction, with a focus on building scalable and secure infrastructure solutions such as zero-knowledge (zK) technology, decentralized finance (DeFi), and the metauniverse project.
Web3 aims to revolutionize the world of technology by enabling a new level of decentralization while ensuring the security and scalability of the infrastructure. ScalingX seeks to support this movement through its accelerator program, which aims to attract and support startups that are developing innovative solutions for the Web3 ecosystem. By investing $20 million in these startups, ScalingX hopes to encourage the development of new technologies that will help to drive the growth of the Web3 ecosystem.
One of the main areas of focus for the accelerator program is the development of secure and scalable infrastructure solutions such as zero-knowledge technology. This technology enables data to be transmitted between parties without revealing any sensitive information, which makes it an ideal solution for secure data transmission in the Web3 ecosystem. Another area of focus for the accelerator program is decentralized finance (DeFi), which is a rapidly growing area of the Web3 ecosystem that seeks to decentralize financial services and products.
The metauniverse project is another area of focus for the accelerator program, which aims to create a metaverse that is connected to the Web3 ecosystem. This metaverse will be a platform for virtual reality experiences that incorporate blockchain technology to enable secure transactions and ensure that data is stored in a decentralized manner.
In conclusion, ScalingX’s $20 million accelerator project is a massive boost for the Web3 ecosystem, which is still in its early stages of development. The focus on infrastructure solutions such as zero-knowledge technology, decentralized finance, and the metauniverse project will help to drive the growth of the ecosystem by enabling new technologies and applications to be developed. ScalingX’s investment in these startups will help to catalyze the development of the Web3 ecosystem, and ensure that it continues to grow and evolve in the years to come.
This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/168.htm
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
#Bitget Launches VISA and Mastercard Encrypted Asset Service Channel
On April 21, it was reported that Bitget launched the VISA and Mastercard encrypted asset service channel to support the connection between legal tender and enc
-
Coinage Continues to Expand Its Market Share in the Cryptocurrency Exchange
It is reported that Coinage has expanded its spot market share in the Cryptocurrency Exchange for the fourth consecutive month. According to a report from Crypt
-
SO-COL Successfully Completes First SIMP Token Burning
On February 22, it was reported that the Web3 social platform SO-COL had completed the first SIMP token burning, and 412060 SIMPs were entered into the Ethereu…
-
THNDR Games to Release Bitcoin Blocks – A Puzzle-Based P2E Game
On March 10, the Bitcoin game developer THNDR Games said on Thursday that it would release its latest P2E game Bitcoin Blocks. Combining the elements of popular
-
Bitlinex Launches New Cryptocurrency BLUR with Deposit and Trading Options
On February 24, according to the official announcement, Bitlinex announced the launch of Blur (BLUR), the deposit will be opened at 11:00 (UTC) on February 23,…
-
Launching a Private Internal Test Network for GPUs Based on the Akash Network
On March 23rd, Akash core supporter Overclock Labs tweeted that it was launching a private internal test network for GPUs based on the Akash Network. In the com
-
Swaap Raises $4.5 Million in Seed Round Financing
According to reports, the market maker agreement Swaap completed a $4.5 million seed round financing, led by Signature Ventures, and led by New Form Capital, C
-
On March 22, Justin Sun’s Chain Extracted 100 WBTCs from AAVE
On March 22, according to PeckShieldAlert early warning monitoring, the address marked \”Justin Sun\” on the chain extracted 100 WBTCs from AAVE 40 minutes ago, e
-
Table of Contents
On April 12th, at the \”2023 Hong Kong Web3 Carnival\”, Xiao Feng, Chairman of Wanxiang Blockchain and Chairman of HashKey Group, stated in a welcoming speech tha
-
What does the cx project mean? What kind of project is the blockchain (xc project)?
The cx project, which means blockchain, has gained attention from the mainstream