FutureMoney Group, a Web3 investment firm, launched a $5M Decentralized Physical Infrastructure Network (DePIN) accelerator program in partnership with IoTeX Foundation, the organization behind IoTeX, a modular Web3 infrastructure platform connecting smart devices and real-world data to blockchains.
This accelerator program is focused on startup innovations seeking to unlock the $2.2 trillion potential in DePIN, AI, and real-world value in Web3. FutureMoney Group is particularly interested in the disruptive potential of DePIN given the ubiquity of data across devices that are ripe for verification via blockchain to create new funnels of value for data suppliers.
The virtual accelerator is open for applications beginning December 24th 2023 through January 14th 2024, with the first Demo Day being hosted at the end of February, 2024.
This 6-week virtual acceleration program will provide participants with support on how to build and launch their DePIN project, with specific areas of focus on mentorship, workshops in DePIN flywheel, tokenomics, pitching and funding support, tech workshops, dev modular building blocks, go-to-market support, liquidity boosting, and community growth.
The $5M USD contributed to the accelerator program will be distributed in $50K increments per project, with additional funding available for selected projects.
To learn more and sign up for the accelerator program, please visit https://forms.gle/yKWyhCD73HypUiSN9