Accelerators and incubators set their sights on Bitcoin

You know what incubators and accelerators mean: interest. The bear market is for builders and the Bitcoin ecosystem seems ready to work. One of the main catalysts is the success of the Lightning Network. The small engine, always ridiculed, became a key element of the Salvadoran story. The Lightning Network is currently the absolute star of the Bitcoin ecosystem and one of the reasons for the influx of funds.

The three accelerators and incubators considered in this article could not be more different from each other, but they share the Bitcoin-only spirit. And an unhealthy interest in the Lightning Network. From initiatives funded by Jack Dorsey, to corporate ultra-luxury opportunities, to tech-minded individuals opening doors in the name of Bitcoin. I have an accelerator.

TBD Open Source Incubation Program

The Jack Dorsey-funded organization that operates on the decentralized bitcoin exchange TBDex could possibly help your bitcoin project. TBD Open Source Incubation Program, but there isn’t much practical information about it yet. “The TBD Incubation Project is managed by community contributors who will advance the decentralized web and accelerate the development and adoption of the Web5 platform,” the company wrote.

They clarified the program’s focus on open source projects, stating that TBD “will be announcing our first incubation project soon!” The announcement also promised that “once the project reaches maturity, it may apply for promotion from incubation to central project,” so the TBD program could turn into an accelerator over time.

BTC price chart for 11/03/2022 on Bitstamp | Source: BTC/USD on TradingView.com

Lightning-focused Wolf Startup Accelerator

this is CorporateThis is deluxe. It is run by “Stoneridge, owner of Alternative Asset Manager, which has raised over $40 billion since inception and is the parent company of Bitcoin company NYDIG.” Among other things, they offer that “transportation to New York and accommodation for the duration of his eight-week program are included from anywhere in the world.” This program focuses exclusively on the Lightning Network.

Introducing Wolf: The First Startup Accelerator Focused Only on Lightning ⚡️.Learn more or apply at https://t.co/MC9fJATOt4 #bitcoin #Thunder pic.twitter.com/2vQ7SoMheI

— 🐺 Wolf ⚡ (@_WolfNYC) October 26, 2022

The investment is also generous, with selected developers guaranteed $250,000 in seed funding so they can focus all their attention on the project. Also, “At the end of each program, a panel of judges will select him to one team and provide him with an additional $500,000 in funding.” All the knowledge you can gather in 8 weeks.

The Pleb Lab Coworking/Accelerator

In contrast, Prebrabo is “A coworking/accelerator in Austin, Texas in the heart of the financial district. We support great projects and teams in several ways.” “Lightning Network”, an important step towards Another focus of theirs is free and open source development.

What exactly does the Pleb Lab Accelerator do?

• “Work directly with Bitcoin and Lightning startups”

• “Provide a workspace for other talented Bitcoin developers at Pleb Lab”

• “Providing startup advisory and mentoring”

• “Provision of business development, marketing and strategy”

The Bitcoin scene in Austin is growing by the minute, and Pleb Lab is right in the middle of it. Apparently, one of its greatest features is being in the same room as other Bitcoin developers trying to solve problems similar to yours. As you can imagine, they all help each other. This is not a contest and there are no obvious prizes.

Featured Image: Pleb Lab logo from their website | Charts by TradingView