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Solana Labs Launches Incubator Program To Increase Support For Start-Ups Building on the Solana Network

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Solana Labs, which builds products and tools on the Solana blockchain, today announced the launch of the Solana Incubator program. The Solana Incubator will allow Solana Labs to build alongside top start-ups to advance the development of sustainable and impactful companies in Web3.

The program is designed to attract technical teams who want to utilize the unique benefits of the Solana network while leveraging the immense body of knowledge, resources, and connections provided by Solana Labs. By providing start-ups an avenue to work closely with the experienced team at Solana Labs, the Solana Incubator aims to ease the engineering and go-to-market pain points that many founders face in Web3, and guide them as they navigate their way to a successful business.

Resources offered through the Solana Incubator program include hands-on engineering, go-to-market and fundraising support from Solana Labs. This includes feedback on user experience design, brand amplification through Solana Labs marketing channels, connections to the network of projects within Solana Labs, and guidance on integrations with the Solana blockchain.

“As with any business, Web3 start-ups need the time and resources to hone in on the needs of their customers and build new solutions that benefit their audience,” said Emon Motamedi, Product Manager at Solana Labs. “Our priority with the Incubator program is to remove the biggest obstacles currently facing founders, including barriers around Web3 integrations and fundraising, so that these teams can spend their time on what they do best: solving the burning problems of their users. By providing founders with the resources they need to succeed, we hope to not only bring more sustainable businesses to the Solana ecosystem, but to also help grow the Web3 industry as a whole.”

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Incubator participants are expected to benefit from connections to strategic partners inside and outside of the Solana ecosystem, including other Solana-based projects, potential customers, and prospective enterprise-level partners. Additionally, the program is designed to provide teams with exposure to top VCs in the Solana Labs network to help these start-ups enhance their liquidity.

The Solana Incubator program is designed for technical teams looking to leverage the expertise of Solana Labs, whether experienced Web3 teams or Web2 teams looking to engage blockchain technology for the first time. Details regarding the Solana Incubator will be featured in programming at Solana Breakpoint later this month, where teams can connect with Solana Labs to learn more about the program.

Interested start-ups are encouraged to complete the application listed on the Solana Incubator website by the November 30 deadline. To learn more, visit incubator.solanalabs.com.

Blockchain

Daily Crypto News: BlockchainReporter Empowers Crypto Enthusiasts and Traders with Critical Information to Make Informed Decisions

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Blockchain

Alpha Sigma Capital Research Releases May Report on ASC AI Index

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Blockchain

Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet

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Squad Labs announced that its Series A funding round, led by Electric Capital with participation from RockawayX, Coinbase Ventures, L1D, Placeholder, and Mert Mumtaz, will propel the launch of its Fuse smart wallet. The company aims to establish Fuse as a premier solution for securing and compounding personal digital wealth amid the growing onchain economy.

According to the company’s news release on June 12, smart accounts and smart wallets are gaining traction across blockchains as they offer a more intuitive, secure, and programmable user experience. Fuse abstracts seed phrases and provides features like wallet recovery, 2FA capabilities, and enterprise-level security for personal custody, simplifying the choice of storing digital wealth on-chain.

In addition to securing funding, Squad Labs also announced the public testing launch of Fuse on iOS. This move is part of their strategy to expand accessibility and refine functionality ahead of a full market release.

Meanwhile, a recent report from PYMNTS Intelligence explores blockchain’s role in enhancing cross-border payments. It suggests that integrating blockchain can streamline payment processing, enable digital-to-fiat currency conversion, and introduce stablecoins for faster and cost-effective cross-border transactions. Business-friendly decentralized finance (DeFi) solutions further automate and secure transactions via smart contracts, reducing dependence on traditional payment systems and enhancing security and transparency.

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The report underscores the significance of educating businesses and end-users about the benefits of blockchain-based cross-border payments. It advocates for partnerships with FinTechs and proactive engagement with financial institutions to drive adoption and improve industry-wide support for blockchain technologies in payments.

Overall, Squad Labs’ funding round and Fuse’s development represent strategic advancements in blockchain technology aimed at enhancing digital wealth management and transforming cross-border payment landscapes.

Source: pymnts.com

The post Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet appeared first on HIPTHER Alerts.

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