Cosmos reaches milestone because blockchain developers introduces $ 150 million accelerator

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  • Ignite Accelerator will concentrate on the multicia ecosystem, which is part of the cosmos of cosmos
  • The first strategic partners are Alameda Research, Kucoin Ventures, Okx, Blockdream Ventures, Hashkey Capital, Chorus One, Figment, Chainlayer, Strangelove Ventures, Forbole, Everstake and Galileo

A new fund with an initial promise of $ 150 million aims to shorten the market time of blockchain inter-operability projects in the early phase.

The financing comes on the heels of the theta-upgrade to cosmos hub, the first of two big ones Updates for activating interchain accounts, which is a key component of Ignites Vision for MultiChain Interoperability.

The fund called Ignite Accelerator "Make sure that people who want to participate in the establishment of an open and decentralized global future are set to success," said Peng Zhong, CEO from Ignite, in an explanation.

The forerunner of Ignite, Tendermint Inc., founded the Cosmos Blockchain and still plays an active role in the ecosystem now managed by the community.

After the next planned upgrade RHO Cosmos Hub will be able to manage accounts across several blockchains. The design space for web3 applications opens for the first time. For example, custody providers can operate accounts on other IBC-connected blockchains via a common interface in the Cosmos Hub.

The Ignite Accelerator aims to support up to 20 projects a year with six months of six months, the first is planned for June. Successful applicants are given access to capital, but also "practical guidance in key areas such as blockchain development, marketing, [public relations] and tokenomics," says the explanation.

This practical guide is part of the package, which was presented by the supporters of the project-heavyweights of the industry and experienced examiners by Tendermint-based blockchains-Alameda Research, Kucoin Ventures, Okx Blockdream Ventures, Hashkey One, Chorus One, Figment, Chainlayer, Strangleove Ventures, Forbole, forbole,, Everstake and Galileo.

"As first -class investors, they share our vision and have valuable experience in close cooperation with entrepreneurs and developers," said Sane Lebrun, Chief Growth Officer from Ignite.

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The contribution "Cosmos reaches milestone, since blockchain developer introduces 150 million dollar accelerators" is not financial advice.