The New York-based Lightning accelerator has introduced its first set of firms and initiatives.
In Wolf’s Clothing, the first-ever startup accelerator devoted to Lightning, introduced its collection of eight groups for its inaugural cohort, Wolfpack 1.
According to the press launch despatched to Bitcoin Magazine, this system acquired greater than 100 purposes from groups representing 36 international locations. Wolf’s accelerator program is designed to “help early-stage startups achieve product-market fit, develop their brand, secure critical early-stage funding and grow businesses that fuel the global adoption of Bitcoin.”
The chosen firms are engaged on matters equivalent to decentralized buying and selling by way of discreet log contracts, a WeChat-style “super app” for Nostr and Lightning, automated Lightning node administration, on the spot funds and remittances in MENA markets and extra.
In addition to this announcement, as Wolf heads in the direction of the beginning of its first cohort in April, the corporate introduced an inventory of dedicated traders and mentors. Industry heavyweights equivalent to Allen Farrington, Ego Death Capital, Fulgur Ventures, Hivemind Ventures, Kingsway Capital, NYDIG, Stone Ridge Holdings Group, and Urim Capital are concerned.
Kelly Brewster, CEO of Wolf, stated, “The volume and quality of applications to Wolf has been simply incredible. From true ‘decentralized finance,’ to infrastructure, social media, payments and more, the teams joining Wolf are moving Bitcoin forward across a wide variety of frontiers.”
Applications for Wolf’s second cohort, Wolfpack 2, are open and will likely be accepted by April 7, 2023. Wolf is a subsidiary of Stone Ridge Holdings Group, based in 2012, which has 5 working subsidiaries: Stone Ridge Asset Management, NYDIG, Longtail Re, Proof, and Wolf.
The announcement coincides with super progress on the Lightning Network, with the Network’s capability at an all-time excessive, up 63% for the reason that starting of 2022. Also in focus, in response to the announcement, “the explosive growth of Nostr continues with more than 2 million pubkeys writing events.” The Lightning accelerator could very nicely find yourself enjoying an important function within the world adoption of Bitcoin, fueling revolutionary concepts and offering essential funding to early-stage startups.