Conflux Launches $5 Million Accelerator Program For Web3 Projects

Public Chain Conflux announced the launch of a new accelerator program with $5 million earmarked for Web3 projects in emerging markets. Dubbed eSpace Launch Pad, the program will provide early-stage teams with up to $100,000 in funding to launch their projects on Conflux Space.

Conflux’s eSpace Launch Pad aims to identify and back early-stage teams building in DeFi, metaverse applications like GameFi and NFTs, and ecosystem verticals like DAOs, Web3 infrastructure, and Web3 education.

Fan Long, Co-Founder of Conflux, said in a statement:

“Users in emerging markets can benefit greatly from the promises of Web3 and decentralization, especially those who continue to be underserved or excluded by traditional institutions.

We’re excited to launch this new platform to give projects not only capital but also hands-on support, because we strongly believe that innovations like DeFi will ultimately provide users with more accessibility and greater financial mobility.”

In addition to funding, teams will receive hands-on support in branding, community building, token economics, engineering, and marketing from a dedicated team of program mentors.

Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, it provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.

Conflux has collaborated with global brands and government entities in the region on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.

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