Cronos Labs' $100M Web3 Accelerator Welcomes Second Cohort

 $100M Cronos Labs Web3 Accelerator Welcomes Its Second Cohort

Cronos Labs has launched its second cohort for the Cronos Accelerator Program, providing mentorship and funding to early-stage crypto projects. With a $100 million investment, the chosen projects, including Omnus, DeMe, and Furrend, received $30,000 in seed funding for the 12-week program. This cohort focuses on the intersection of AI and blockchain, offering AI-related workshops and access to Amazon Web Services resources. At Demo Day, scheduled for July 2023, the projects will showcase their concepts to potential investors. The rise of blockchain accelerators like Cronos and the TON Accelerator Program highlights the growing emphasis on Web3 development.