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Cronos Labs launches second cohort of $100M Web3 accelerator

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Blockchain startup accelerator Cronos Labs has announced the launch of its second cohort for the Cronos Accelerator Program.

The program, backed by a substantial $100 million investment, aims to support early-stage crypto projects by providing mentorship and funding opportunities.

According to an announcement sent to Cointelegraph, Cronos Labs handpicked eight projects to participate in their accelerator program.

Each of the selected projects — namely Omnus, DeMe, Furrend, Solace, Sakaba, Eisen Finance, Earn Network and CorgiAI — received upfront seed funding of $30,000 to commence a 12-week program.The chosen projects cover a diverse range of areas, including Web3 game development, decentralized social networking, pet-focused video sharing, smart contract wallet integration, loyalty platforms for Web3 gaming, exchange aggregation for institutional trading, liquid marketplaces for yield-earning opportunities and an ecosystem for the peer-to-peer economy of generative artificial intelligence.One of the key themes of this second cohort is the intersection of artificial intelligence (AI) and blockchain technology.

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