Mercuryo has launched a new program that aims to support 30 Web3 startups.
Mercuryo is a payments enabler that seeks to create “a new generation of financial services” by leveraging crypto. The company says that it has decided to support Web3 entrepreneurs as it is difficult to enter the space, and they want to foster innovation by supporting early-stage firms in the creation of consumer services.
Mercuryo says it will choose 30 startups that have grown beyond the seed stage. Their support may include access to capital, consultations by larger crypto firms, and an ” equity-free integration grant to financially support scaling companies.”
The company also aims to establish strategic partnerships with startups that are poised to have significant traction.
Mercuryo says it will also collaborate with other Web3 startup accelerators to identify and support the most promising projects. Mercury has already partnered with Tenity Accelerator and Outlier Ventures, providing perks to their portfolio companies as part of this initiative.
Petr Kozyakov, Co-Founder and CEO of Mercuryo, explains that they aim to spearhead Web3 adoption and bring it mainstream.
“This marks a shift from the past, where the focus was mainly on highly technical teams creating products aimed primarily at wealthy crypto natives.”