- MomentumX Accelerator assists Web3 projects with privacy technology.
- COTI and Poolz provide finance, resources, and market exposure.
Blockchain-based privacy solution leader COTI has partnered with decentralized fundraising platform Poolz in the launch of the MomentumX Accelerator. This initiative will support startups that are utilizing the privacy technology of COTI combined with the expertise of Poolz in crypto crowdfunding.
The MomentumX Accelerator helps projects develop applications with complex privacy features, thus encouraging sustainable development within the COTI ecosystem. The accelerator focuses on the fast-emerging field of Decentralized Confidential Computing and involves it in technical as well as financial support to innovative projects for their success.
The program has two core components: the parent accelerator, which offers seed funding and mentorship to help projects achieve commercial success, and MomentumX Boost, which will allow COTI to make investments of up to $250,000 in the most promising programs. They will dedicate an annual budget of up to $1 million to scale these projects.
Connecting Privacy and Innovation in Web3
Through the MomentumX Boost initiative, chosen projects will additionally obtain access to the Poolz platform for decentralized fundraising, in conjunction with support for marketing and networking. Teams will be acquainted with significant influencers, strategic collaborators, and KOLs, while concurrently taking advantage of developer resources to effectively navigate COTI’s privacy framework.
Initiatives within the accelerator will have the chance to create applications utilizing COTI’s Garbled Circuits technology, which represents an advanced cryptographic protocol. This technology, created in partnership with Soda Labs, facilitates decentralized applications across a range of sectors, including DeFi, artificial intelligence, high-frequency trading, and gaming. COTI aims to establish a new benchmark for data security in Web3, guaranteeing confidentiality while preserving the transparency inherent to blockchain technology.
Poolz, the decentralized fundraising leader with tremendous achievements, will provide participants in the accelerator with a strong launchpad to easily connect with an active investor community. The Poolz platform, having raised over $47 million through more than 150 projects, is a validated tool for raising visibility and participation.
The MomentumX Accelerator is a significant step forward in fostering innovation based on privacy in the Web3 space, as it addresses the ever-growing need for secure and compliant blockchain applications. COTI and Poolz, with their combined strength, are poised to accelerate the adoption of decentralized privacy technologies within the blockchain sector.
