Explore how Web3 Accelerators Help Startups to Navigate Complex Challenges
Web3 businesses frequently encounter obstacles that are unique to the embryonic ecosystem, such as complex regulatory landscapes and scaling with decentralisation, to name a few. Venture financing going into Web3 startups has dropped dramatically in the previous year, and new ventures require more assistance than ever to complete their job in the early stages.
This is where Web3 accelerators can help. Programmes created by industry professionals serve as trailblazers, guiding potential initiatives and businesses through the unexplored territory of Web3.
Accelerator programmes, which are tailored to the special needs of Web3 enterprises, provide a variety of resources, including mentorship from industry professionals, access to a well-established network, and programmes geared to solve the unique issues faced by freshly emerging firms.
When market conditions grow unpredictable, it is critical for the sector to collaborate and identify alternatives to VC funding to weather economic downturns. Brinc, based in Hong Kong, is a business accelerator that empowers game changers to help solve some of the world’s most pressing problems and actively assists entrepreneurs from all over the world on their route to innovation.
The organisation has invested in 239 companies from more than 36 countries, offering accelerator programmes to companies in a number of fields ranging from climate and food technology to hardware, Internet of Things (IoT), and Web3.
Brinc’s Web3 programme, which is delivered in collaboration with Animoca Brands, will host its fourth cohort in Q1 2024. Brinc has propelled more than 60 Web3 firms in areas like as technology and infrastructure, DeFi, gaming, metaverse, entertainment, healthcare, and arts and culture.
Image: XR Today
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