Lightning Speed: Accelerators And Incubators Focus Their Sights On Bitcoin
November 03 2022 - 8:08PM
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You know what incubators and accelerators mean: interest. They say
that bear markets are for builders, and the bitcoin ecosystem seems
to be getting ready to work. One of the main catalysts is the
success of the Lightning Network. The little engine that could went
from being constantly mocked to being a key element in the El
Salvador story. Nowadays, the Lightning Network is the bitcoin
ecosystem’s absolute star and one of the reasons some money is
pouring in. Related Reading: Bitcoin Shocker: Lightning Network
Capacity Reaches 5,000 BTC The three accelerators and incubators
that this article will consider couldn’t be more different from
each other, but they share the bitcoin-only ethos. And an unhealthy
interest in the Lightning Network. From a Jack Dorsey-funded
initiative, to a corporate ultra-deluxe opportunity, to a bunch of
technically minded individuals that opened their doors in the name
of bitcoin. Pick your poison, there’s probably an accelerator for
you here. The TBD Open-Source Incubation Program The Jack
Dorsey-funded organization that’s working in the decentralized
bitcoin exchange TBDex can probably help your bitcoin project. They
recently announced the TBD Open Source Incubation Program, but
there’s not much practical info on it yet. “TBD Incubation projects
are managed by community contributors. They advance the
decentralized web and accelerate development and adoption of the
Web5 platform,” the company wrote. They did specify that the
program was focused on Open-Source projects and said that TBD will
“soon be announcing our first Incubation project!” The announcement
also promised that “when projects reach maturity, they may apply to
be promoted out of Incubation into a central project,” so the TBD
program might turn into an accelerator over time. BTC price chart
for 11/03/2022 on Bitstamp | Source: BTC/USD on TradingView.com The
Wolf Startup Accelerators Focused Exclusively On Lightning This is
the corporate one. This is the deluxe one. It’s run by “Stone
Ridge, owner of an alternatives asset manager that has raised more
than $40B since inception and parent of bitcoin company NYDIG.”
Among other things, they offer, “transportation to NYC and lodging
for the duration of the 8-week program are included from anywhere
in the world.” The program is exclusively focused on the Lightning
Network.“Wolf accepts applications from individual founders and
small teams at the pre-seed idea stage up through those ready for a
Series A financing round.” Introducing Wolf: The first startup
accelerator focused exclusively on lightning ⚡️. Learn more or
apply at https://t.co/MC9fJATOt4 #Bitcoin #Lightning
pic.twitter.com/2vQ7SoMheI — 🐺 Wolf ⚡ (@_WolfNYC) October 26, 2022
The investments are also deluxe, selected developers get a $250K
guaranteed seed funding, so they can focus all of their attention
on the project. Also, “at the end of each program, one team will be
chosen by a panel of judges to receive an additional $500K in
funding.” That, plus all the knowledge you and your team can
collect in those eight weeks. The Pleb Lab Co-Working/ Accelerators
In contrast, Pleb Lab is “a co-working / accelerator in Austin,
Texas at the heart of the financial district. We support
outstanding projects and teams in several ways.” They are
bitcoin-only, with a focus on “the Lightning Network – an essential
step towards decentralized finance.” Their other focus is free and
open-source development, “ The FOSS ethos is at the center of what
we do here at Pleb Lab.” Related Reading: Lightning Speed: 5 Ways
To Make Money/ Earn Sats Using The Lightning Network What does the
Pleb Lab accelerator do, exactly? They: “Working directly with
Bitcoin & Lightning startups” “Granting workspace among other
brilliant Bitcoin developers at Pleb Lab” “Providing startup
advisory and mentoring” “Providing business development, marketing
and strategy” The Austin bitcoin scene is growing by the minute,
and Pleb Lab is right there in the middle of it. Apparently, one of
its best characteristics is to be in the same room with other
bitcoin developers trying to solve similar problems to yours. As
you might imagine, they all help each other. This one is not a
competition and there are no prizes. Featured Image: Pleb Lab logo
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