Atlanta, GA, September 27th, 2024,
Chainwire
Boost VC, Draper Associates and Thesis*
Join Forces to Foster Innovation in Infrastructure, DeFi and
SocialFi
Boost VC, Draper Associates, and
Thesis*, one of the longest-standing venture studios
funding and building brands on Bitcoin, today announced the launch
of the BitcoinFi Accelerator, an exclusive six-week program
designed to accelerate the next generation of dApps and solutions
built on Bitcoin. The co-run program aims to nurture and support
pre-seed teams working on revolutionary projects in Decentralized
Finance (DeFi), Social Finance (SocialFi), and Infrastructure with
applications opening today, September 27, 2024. The program will
provide each project with a starting $150K in funding.
As the Bitcoin ecosystem continues to
evolve, this accelerator provides expert mentorship, technical
resources, and essential networking opportunities to a select group
of innovators. Up to 20 teams will be chosen to participate in the
program, receiving seed funding and the opportunity to scale their
projects through direct engagement with Bitcoin's vast economic
potential.
"For years, Bitcoin projects have been underfunded. The
launch of the BitcoinFi Accelerator marks a paradigm shift in how
the Bitcoin developer community accesses resources to scale the
full-stack Bitcoin ecosystem. It brings them the capital they need
for developing the technology that puts Bitcoin to use in the real
world," said Matt Luongo, CEO of Thesis*. “We’re
delighted to collaborate with other industry leaders who were early
supporters of Bitcoin and bring their proven track records in
early-stage incubation to provide hands-on
mentorship.”
The BitcoinFi Accelerator is uniquely
focused on leveraging Bitcoin’s economic value and scalability by
driving innovation in key areas. These include decentralized
exchanges, lending platforms, community-driven social networks, and
other solutions designed to expand Bitcoin’s capabilities as both a
financial and social tool. Participating teams will benefit from
expert mentorship and will have the opportunity to secure follow-on
funding from a network of prominent investors and industry leaders,
setting them up for long-term success.
Tim Draper, founder of Draper
Associates, emphasized the transformative potential of the
accelerator, stating: "Bitcoin is entering its next chapter as a
platform for real-world solutions. This accelerator will bring
forward the best and brightest minds in the ecosystem, and I’m
excited to see what these teams build. The potential of Bitcoin as
both a global currency and a technology stack is enormous, and this
program will help unlock it."
Adam Draper, Founder and Managing
Director of Boost VC underscored that Bitcoin is at a precipice for
developers to expand the BitcoinFi ecosystem, noting: “Boost VC is
the first check into deep tech companies, and 11 years ago, we
pioneered the first Bitcoin accelerator. We're constantly on the
lookout for the next big innovation, and now is the moment to build
on Bitcoin. That's why we’ve partnered with Thesis* and Draper
Associates to make it happen once again!"
Applications for the BitcoinFi
Accelerator open today and selected teams will participate in the
intensive six-week program beginning in November. Throughout the
program, teams will work closely with mentors to refine their
products and strategies, culminating in a final showcase event
where they will present their innovations to a global audience of
investors and influencers.
For information on eligibility and the
accelerator’s focus areas visit https://bitcoinfi.network/
About Boost VC:
Boost is an early-stage venture capital
firm focused on being the first check for sci-fi. In the crypto
space, that means prescient positions in companies like Coinbase
and EtherScan. To learn more, please visit: https://www.boost.vc/
About Draper
Associates:
Draper Associates, founded in 1985 by
Tim Draper, is a seed-stage venture capital firm that helps
entrepreneurs drive their businesses to greatness. Tim Draper is
among Silicon Valley's most prominent venture capitalists and
invested in legendary companies such as SpaceX, Tesla, and
Coinbase. He is an ardent proponent of Bitcoin and is one of the
world’s largest holders of the cryptocurrency. To learn more,
please visit: https://www.draper.vc/
About
Thesis*:
Thesis* is a pioneering venture studio
dedicated to building on Bitcoin. Since 2014 Thesis has committed
to building solutions focused on empowering individuals and
communities through creation of market leading products including
Fold, Mezo, tBTC, Acre and Taho in its core portfolio of brands. Thesis*
continues to challenge traditional systems, driven by innovation
and a belief in a sovereign digital future shaping the
decentralized landscape one project at a time. To learn more,
please visit: https://Thesis.co/
Contact
M Group on Behalf of
Thesis*
thesis@mgroupsc.com