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Sandeep Nailwal, co-founder of Symbolic Capital, an investment firm focused on blockchain networks Polygon and Web3, has launched another founder-led project aimed at fostering the growth of the Web3 ecosystem. rice field.
On December 20th, 2022, a new project, Beacon Accelerator, was launched today under the leadership of one of the most prominent figures in the cryptocurrency and Web3 space. This is his Web3-specific program for founders, by founders, Nailwal says. coin journal.
As such, Beacon’s founders come from a variety of key Web3 development areas, including legal, funding, security, and operations experts.
Key contributors running the project with Nailwal include former DCG Chief Security Uri Stay, former Sequoia Capital VP Prateek Sharma, and Symbolic Capital co-founder Kenzi Wang. This team of “core contributors” will focus on topics such as GameFi, DeFi, the Metaverse, and consumer apps as they provide mentorship and advice to the Beacon founders.
Beacon’s first cohort, comprising 15 companies and 30+ founders, launched in October. The 12-week program gives access to Web3’s top mentors and builders, who can be reached remotely from his 12 cities in 9 countries.
mentor The first cohort includes ecosystem founders, investors and operators, with names such as Magic Eden co-founder and CEO Jack Lu, Origin Protocol founder Matt Liu, and Coinfund partner Evan Fang. included.
As stated in today’s press release, the first program ended in January of this year, with the project being pitched to a gathering of over 300 leading Web3 investors during Demo Day and live streaming around the world. It is scheduled to be
Regarding the launch of the accelerator program and its place in Web3 development, Nailwal said that the Web3 project founding was markedly different from the Web2 startup. Founders cannot follow the same playbook that applies to Web2 and Beacon helps projects navigate the ecosystem.
“Our ultimate goal is to build the largest web3 founders network in the world. said Nailwal, adding that his experience after going through the Binance Labs accelerator taught him something.
“We’ve found that the biggest resource for any accelerator is the other founders who are working with you on the program.As our alumni network grows, I believe the overall quality of projects being built on web3 will improve as founders help each other find success.,” he explained.
