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Web3 Innovators Rep a Boost with Consensys’ $1.5 Million Fellowship Program

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Consensys CEO Joseph Lubin. Provide: a video screenshot.Blockchain pattern firm Consensys has launched the open of its inaugural Consensys Fellowship Program, aimed at providing extreme enhance for Web3 startups and founders.

The pre-accelerator program is designed to empower participants to harness the ability of Web3 technologies, severely those internal the Consensys instrument suite, including MetaMask SDK, MetaMask Snaps, and Linea.

The program’s first cohort will comprise 15 startups that can endure a 12-week immersive skills, provocative fingers-on workout routines, interactive workshops, and case reviews, the announcement from Consensys said.

It explained that the activities will seemingly be guided by field-topic experts equivalent to Austin Griffith, co-founding father of Buidl Guidl; Lindsey Winder, co-founding father of Hedgey Finance; and Vanessa Grellet, managing accomplice at Aglae Ventures.

The announcement successfully-known that these experts’ mentorship will seemingly be instrumental in addressing frequent challenges within the Web3 location.

$1.5 million doable fundingOne of the standout aspects of the Consensys Fellowship Program is that it is a no-fairness program, providing the chance for taking part groups to bag doable investments of as a lot as $1.5 million from Consensys Mesh and its Tachyon program.

This financial enhance targets to empower groups to originate innovative dispute circumstances that could profit the broader Ethereum community.

Consensys CEO Joseph Lubin is the co-founding father of Ethereum, and his firm is viewed as a key participant within the Ethereum ecosystem.

Mentorship alternativesThe Moreover to to financial enhance, participants can hold the likelihood to learn from Web3 commerce leaders thru speaker lessons, workshops, and be taught-to-be taught working groups.

These activities will quilt considerable subject matters take care of product-market match, commerce modeling, development technique, engineering technique, and fundraising, Consensys said.

Furthermore, the Consensys Fellowship Program gives a share-time structure, allowing founders to resolve from retaining their fleshy-time jobs or completely dedicating themselves to their startups.

The program culminates in an in-particular person Demo Day, the set fellows can showcase their innovative solutions to doable traders and collaborators.

Key companions occupied with the initiative comprise SheFi, Bankless DAO, Originate Zeppelin, SAFE, GitHub for Startups, Aave Companies, Polygon, Utopia Labs, Gitcoin, and more.

Applications for the first cohort of the Consensys Fellowship Program are at the moment originate and will finish on October 3rd, 2023, at 11: 59 pm EST, the announcement said.

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