The giant firms of Coinbase, Fabric Ventures, Animoca Brands and Founders Factory have launched a web3 accelerator program to drive innovation in the blockchain and AI ecosystem in the U.K.
What will the giant firms offer to the UK market?
In an official press release, the firms will provide funding up to £250,000 and 16 weeks of operational support as part of the joint accelerator program. The program is open to all types of businesses engaged in the decentralized economy and tokenised business models across all sectors.
Founders Factory aims to give startups a real edge, offering training in business strategy, product development, go-to-market plans, and fundraising.
The other firms such as Fabric Ventures, Animoca Brands and Coinbase will offer support on expanding tokenomics, market making, listing at crypto exchanges, market strategies for building communities, and practices for scaling businesses within the blockchain and AI space, to provide an exceptional experience for the companies in the market.
The U.K. is trying to replicate the U.S. and Hong Kong economies which strive to further advance web3 industries through regulations and government-backed programs to create an inviting blockchain-friendly environment.
