The Ethereum blockchain has been doing good for the past few years with some great innovative ideas being developed on its blockchain. Which has also made way for Ethereum Classic Labs, which is an incubator for the future investment on the Ethereum platform. The first cohort of its accelerated program was started this year and was focused on funding, monitoring and educating blockchain startups and communities alike. Most of which are currently building services and products on Ethereum Classic.
According to a few announcements that were made, the Ethereum Classic startups will be a part of its upcoming Cohort II, which will be taking place in Q3 of 2019. This program is scheduled to last for a total of three months. And will be focusing on structured curriculums that will be guiding and monitoring startups. These guidelines will be on the basis of technical directions, product developments, regulations, positioning, go-to-market strategy, legal, community development, sales strategy, business models and investor pitches.
The program will be focusing on soft and hard skills from the ETC Labs teams, and all post-programs for teams will be able to continue as alumni’s and annual meetings. According to the CEO of Monitizr Andris Merkulovs:
“I received more investor introductions than a leading global accelerator who’s been around for over a decade”
The Cohort Meetings
The first meeting was as the beginning of 2019 along with 11 blockchain companies, and had entrepreneurship workshops, facilities, mentorship, development resource and funding. All these companies and invites are building and growing successful blockchain companies.
There are current projects like the button wallet, which is receiving funding, mentorship and building connections to crypto wallets. The button wallet currently has over 80,000 global users from over 118 countries. This Button wallet is a decentralised messenger software solution for trading and buying on Telegram messenger. The software has strong technology and is being funded for scaling and customer adoption for global everyday use.
Another project is EtherNode, which is looking to make blockchain networks connectivity easier for novice users. It has an open-sourced operating system, that allows users to quickly and easily, secure their set-up. While administering Ethereum Classic nodes.
The Ethereum Classic Labs is also working on Cryzen, Which is an algorithmic trading platform for cryptocurrencies, that will allow users to develop, visuals, brackets, and deploy trading strategies to the cryptocurrency market. The project is doing well with investments coming from investors and building a solid customer base.
The last project is Monetizr, which is a marketplace that will enable game developers to monetise mobile games by creating rewarding experiences for players. These will be represented by digital and physical rewards that will be in-game. The Monetizr team is very excited about these possibilities and has seen its sales revenue more than tripled since its December ETC Labs meeting back in 2018. And the company has recently made a deal in a partnership with Angry Birds 4.