The blockchain technology provider has attracted capital from several corporates for an accelerator tasked with boosting the Web3 ecosystem.
US-based blockchain technology developer Ignite has launched a $150m accelerator with financial backing from multiple corporates, to support Web3 startups.
Ignite Accelerator’s investors include automotive parts producer Wanxiang’s Hashkey affiliate, quantitative trading firm Alameda Research, cryptocurrency exchanges OKX and KuCoin and blockchain technology providers Chorus One, Figment, Chainlayer, Strangelove, Forbole, Everstake and Galileo.
OKX, KuCoin, Strangelove and Hashkey invested through OKX Blockdream Ventures, KuCoin Ventures, Strangelove Ventures and Hashkey Capital respectively.
The accelerator will help startups launch their blockchain projects…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.