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Market News

Dfinity Launches Olympus Acceleration Platform for Web3 Projects

Written By:
Brian Mutembei

Last updated: April 10, 2024 5:12 PM
Published 2024-04-10
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Dfinity Launches Olympus Platform for Web3 Projects

Dfinity Foundation, known for Internet Computer platforms and blockchain, has introduced the Olympus Acceleration Platform.Web3 is the pioneering decentralized platform that gathers accelerators in one central hub to promote their programs globally. This highly promotes the organization and the launch of accelerator projects.

Olympus is unique due to its initially introduced approach called Open Stake which ensures flexibility for projects, mentees, and investors to associate. This unique approach sets it apart from traditional, exclusive accelerators, which often cater only to startups and developers within a specific industry. 

Dfinity’s founder Dominic Williams highlighted the platform’s purpose as a creation providing fair chances for projects that deserve them irrespectively of origin. The platform operates on a trustless perpetual loop, utilizing the Internet Computer Protocol (ICP) to verify any of the project’s growth metrics on-chain. 

Supported by Web3 Labs, it is assisted by some VC funds such as Fenbushi Capital and Softbank Vision Fund.

Also Read: ZA Bank Boosts Web3 Adoption with Stablecoin Banking Services

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Brian Mutembei Formar Crypto Journalist at The Crypto Times
By Brian Mutembei
Brian is a content writer& Blockchain enthusiast. Writes extensively on blockchain, cryptocurrency, and tokens to spread knowledge and awareness.

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