XDC network and Foundership launch Web3 startup accelerator

XinFin XDC Network, an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain, has partnered with Foundership, a global Web3 accelerator, to launch the XDC 0xCamp accelerator program.

This 12-week initiative is designed to accelerate the growth of six innovative startups selected from hundreds of global applicants.

Each startup will engage in a 90-day "Token Launch Ready" program that prepares them to launch their tokens and integrate seamlessly with the XDC Network.

The accelerator covers various sectors, including Real World Assets (RWA), SocialFi, Gaming, Sports, and Decentralized Finance (DeFi).

The selected startups will mint their native tokens on the XDC Network and work on developing unique products and protocols.

Throughout the program, they will receive strategic guidance from industry experts to help refine their business models, optimize tokenomics, devise effective go-to-market strategies, and obtain technical support crucial for a successful token launch.

A key event in the program will be a demo day at Token2049 in Singapore, where Web3 venture capitalists and angel investors will meet the startups.

This event will provide an opportunity for the startups to secure funding and partnerships.

Startups that achieve the program’s milestones will also be eligible for up to $100,000 in investment from XVC Tech.

The program is designed to leverage XinFin XDC Network's Layer 1 technology, enabling the startups to develop the next generation of Web3 products.

It offers tailored support based on each startup's needs, focusing on areas like tokenomics, business growth, market launches, and exchange listings, ensuring they are ready for their Token Generation Event (TGE) by the end of the program.

This accelerator reflects a collaborative effort to enhance the Web3 ecosystem.

Ritesh Kakkad of XinFin XDC Network highlighted the initiative’s role in driving technological innovation and supporting visionary entrepreneurs.

Leaders from Foundership and XVC Tech also expressed enthusiasm about the program's potential to shape the future of the XDC ecosystem.