Cronos Labs, a blockchain startup accelerator that focuses on decentralized finance, Web3 games, social applications, and on the development of the Cronos blockchain’s ecosystem, will collaborate with Google Cloud “to enhance its Accelerator Program and provide startups with resources to develop innovative AI-enabled Web3 applications within the Cronos ecosystem.”
As part of the collaboration, Google Cloud will “offer Google Cloud credits to projects that are part of the Accelerator Program, enabling startups to leverage Google Cloud’s services, products, and infrastructure to build, test, and deploy their Web3 applications.”
The Cronos Labs Accelerator Program will also “leverage Google Cloud’s AI expertise to host AI workshops and provide mentorship to participating startups with guidance on how to leverage AI in their dApp development, helping them to build smarter, more efficient, and more scalable applications.”
Ken Timsit, Head of Cronos Labs, said:
“We are thrilled to work with Google Cloud for our Accelerator Program and emphasize our focus on AI-enabled Web3 development. This collaboration will provide participating startups with access to world-class cloud infrastructure and resources needed to develop cutting-edge Web3 applications. The AI workshop and mentorship will also provide valuable insights into leveraging AI in dApp development, which will help startups build smarter and more efficient applications.”
Rishi Ramchandani, Web3 Lead, Google Cloud Asia Pacific, said:
“Innovation is critical in Web3, we look forward to working with Cronos Labs and the startups in their Accelerator Program by providing the technology, support, and community to help them build and scale decentralized apps, Web3 tooling, services and more,”
Cronos Labs’ Accelerator Program focuses “on priority verticals of DeFi, GameFi, SocialFi, and Infrastructure, and selected projects will receive upfront seed funding of US$30,000 and have the chance to secure up to US$300K in further seed funding from Cronos Labs and its partners.”
The second cohort of the three-month Cronos Labs’ Accelerator Program kicked off on 15 May 2023.
Projects are carefully selected “based on the criteria of market potential, the experience of the leadership team, market fit, and synergies with the Cronos chain.”