Brinc and Cointelegraph Accelerator Collaborate

Brinc and Cointelegraph Accelerator Collaborate


The Unique Challenges Faced by Web 3.0 Startups

As a cryptocurrency reader, you could be aware of the challenges faced by Web 3.0 startups in the nascent ecological system. From navigating complex regulatory landscapes to growing with decentralization, these startups encounter obstacles that are unique to their industry. Nonetheless, in the previous year, deal financial resources flowing into Web 3.0 startups has significantly decreased, making it even more difficult for new projects to thrive in the early stages.

Fortunately, there is a solution. Web3-focused accelerators have resurfaced as a valuable resource for these startups. These programs, designed by industry leaders, act as guides to assist promising projects navigate the uncharted territory of Web 3.0. By offering resources such as mentorship from specialists, access to established networks, and tailored programs to address emerging challenges, accelerators provide much- required support to Web 3.0 ventures.

Web3-Friendly Accelerators Join Forces

In times of unpredictable market conditions, collaboration becomes critical for the industry to overcome economic downturns without solely relying on VC money. Based in Hong Kong, Brinc is a deal accelerator that empowers entrepreneurs to tackle worldwide challenges. With accelerator programs spanning numerous sectors, including climate and food technologies, hardware, IoT, and Web 3.0, Brinc has invested in 239 corporations from over 36 countries.

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Brinc’s Web 3.0 program, delivered in partnership with Animoca Brands, has successfully accelerated over 60 Web 3.0 corporations in areas such as technology and infrastructure, DeFi, gaming, metaverse network, entertainment, healthcare, arts, and culture. In Q1 2024, the fourth cohort of their Web 3.0 program is set to commence, further supporting innovation in the Web 3.0 space.

Hot Take

The collaboration between Web3-friendly accelerators like Brinc and Animoca Brands showcases the importance of collective support for Web 3.0 startups. By providing specialized guidance and resources, these accelerators play a critical role in shaping and nurturing future of the the Web 3.0 ecosystem.

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Author – Contributor at | Website

Coinan Porter stands as a notable crypto analyst, accomplished researcher, and adept editor, carving a significant niche in the realm of cryptocurrency. As a skilled crypto analyst and researcher, Coinan’s insights delve deep into the intricacies of digital assets, resonating with a wide audience. His analytical prowess is complemented by his editorial finesse, allowing him to transform complex crypto information into digestible formats.

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