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OWC accelerator welcomes eight blockchain companies from across the globe to its third batch.
News provided by
October 13, 2021
San Francisco, CA: Today, Open Web Collective, a blockchain early-stage venture capital firm, announced the launch of Batch 3 of its accelerator program. The most recent cohort consists of builders from across the globe focused on applications across decentralized finance (“DeFi”), non-fungible tokens (“NFTs”), privacy, and social impact.
During the three-month long program, OWC’s promising pre-seed and seed stage startups work with leading investors and corporate partners to validate and invalidate business ideas, build products, define and grow key performance indicators (“KPIs”), develop product-market fit, and fundraise. Its previous two batches have raised $72 million to date. They include companies, such as 1inch Exchange, Flux Protocol, and Nym, an open-source, decentralized, permissionless and incentivized system that provides full-stack privacy and has grown bigger than its main competitor Tor.
The blockchain entrepreneurs in the current program are building a range of solutions from financial products with digital assets structured for traditional investors, user-friendly crypto options, insurance coverage for DeFi users, NFTs with built-in social impact, read-to-earn applications, cross-chain privacy to applications facilitating the borrowing and lending of NFTs.
"Batch 3 teams are a diverse group of builders from all over the world, and we’re seeing more first-time crypto founders, active crypto enthusiasts and community members,” says Mildred Idada, Founder and Partner at Open Web Collective. “We are looking forward to helping them build and reach their next big milestone: fundraising, launching beta or alpha and gaining early users.”
The new OWC accelerator class includes:
DoinGud is a community-owned social NFT platform powering a world of self-sovereign galleries where every sale contributes to social causes. Creators can transparently direct proceeds to social impact causes of the creators’ choice.
Zecrey is a ZK-rollup based Layer-2 privacy protocol. Zecrey enables scalable privacy enabled cross-chain swaps for any assets between any chains and creates an all-in-one plugin wallet that supports multi-chains and aggregated assets.
Shrub Finance is a decentralized exchange where users can buy or write crypto options of any size. Shrub is optimized for minimal gas fees with no fee on limit orders and ERC-20 tokens representing options only minted at user request.
Solace provides insurance policies for DeFi liquidity providers to hedge their risk in the event of smart contract exploits, hacks, and any tech-related failures. DeFi users have lost more than $600 million this year alone to exploits.
NEARPay is developing an API for a seamless fiat-to-crypto on-and-off ramp experience to exchange funds between fiat and cryptocurrency. Their mission is to make it easier for users to access and participate in blockchain and crypto networks.
OpenSky is unlocking the value of NFT assets by collateralizing them and turning them into income-producing capital assets. NFT enthusiasts can take advantage of DeFi strategies, such as lending, borrowing, leasing, price discovery and trading. OpenSky not only provides short-term liquidity for NFT owners, but also an appraisal of their NFTs as assets.
Satori actively manages tokens, similar to actively managed certificates in traditional finance, featuring instant settlements, and the possibility to add a Swiss ISIN, which makes the product acceptable to a traditional bank.
T-Squared allows readers to monetize their attention by measuring the time they are engaged with content using Web 3.0 technologies.
OWCs Demo Day will be streamed live on December 8, 2021 at 7:45 am Pacific. For more information about Batch 3 Demo Day, register here.
About Open Web Collective: Open Web Collective is an early-stage blockchain accelerator and venture capital fund. Our accelerator program supports entrepreneurs building the decentralized web. By bringing together capital and seasoned advisors, Open Web Collective helps founders de-risk, accelerate, and advance Web 3.0.
For inquiries, please email press@openwebcollective.com.