Cointelegraph announces the launch of its web3-focused accelerator program

Crypto-focused media outlet Cointelegraph announced the launch of its web3 accelerator. The program is aimed at NFT, social media, GameFi, DeFi, cross-chain, layer-2 solutions, and other web3 startups. 

The accelerator welcomes pre-seed to series A stage companies that wish to expand their marketing and grow their client base. To participate, startups need to have proven business models and working products. In addition, projects are expected to have outlined roadmaps, sustainable utilities for tokens, and prepared project documentation.

The program’s support will run for nine to 24 months, depending on the project’s strategic goals. According to the announcement, Cointelegraph will help startups establish their names in the crypto space. The outlet will provide support in media, marketing strategy, and branding. For instance, Cointelegraph will offer startups standard and custom advertisements like native integrations or educational content. 

The media outlet usually invests $500,000 to $5 million of gross media value into startups. However, when it comes to the accelerator’s participants, Cointelegraph will provide access to a network of investors, technological partners, market makers, and exchanges. 

Startups can participate in the program in exchange for their equity or native tokens. Interested entrepreneurs can apply on a dedicated website.

“We are excited to expand our product suite with the Accelerator Program, bringing more knowledge and education to our worldwide audience, especially regarding emerging tech startups and evolutions in web3. We welcome companies with strong convictions and innovative projects to apply for the program and join our partner network to bring long-lasting value to the industry,”

said the Head of Cointelegraph Accelerator, Paul Solntsev. 

Among other noted companies that have established their web3-themed accelerators are venture fund Andreessen Horowitz, luxury retailer Farfetch, L’Oréal and Meta, and Disney. On January 9, Payment provider Mastercard also announced the launch of its web3 accelerator in partnership with Polygon. 

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