Web3 startups flock to accelerators as crypto enthusiasm surges

Investment activity in Web3 gaming has steadily increased in scale and frequency lately.

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In the midst of renewed enthusiasm for cryptocurrency initiatives, certain Web3 startups are seeking advantages through accelerator programs.

Accelerator programs offer founders mentorship and guidance in return for early equity. Y Combinator, based in San Francisco, is renowned, boasting several crypto firms like Coinbase and OpenSea among its alumni.

This week, a16z, a leading tech VC fund, revealed the lineup for its spring 2024 crypto startup accelerator. The selected 25 startups will undergo a ten-week mentorship program in London led by the a16z crypto team.

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