The DFINITY Foundation (DFINITY), a Swiss not-for-profit research and development organization significantly contributing to the Internet Computer Protocol (ICP) blockchain, has recently unveiled the Olympus ― a decentralized, on-chain global acceleration platform.
Olympus offers a unified platform that enables the launch of Web3 products. It achieves this by providing grants, crowdfunding, VC investments, and networking opportunities, all on-chain. This platform connects a global ecosystem of over 40 countries and facilitates project applications, funding, talent acquisition, and cross-community interactions. It also ensures transparency in the investment environment, granting investors early access to vetted projects.
Olympus is backed by a USD15 million grant from DFINITY and the ICP Asia Alliance to operate Web3 startup accelerator programs. ISLA Camp (ICP Hub Philippines) will lead these efforts locally to develop Filipino-led Web3 projects.
“Olympus opens global opportunities for Filipino projects and entrepreneurs. Our focus at ISLA Camp (ICP Hub Philippines) is to identify, nurture, and propel high-potential Filipino Web3 projects onto the global stage,” said Nelson Lumbres, Co-founder of ISLA Camp (ICP Hub Philippines).
Filipino startups and entrepreneurs in the Web3 industry who participate in Olympus will have the opportunity to receive mentorship and access to potential funding from some of the top venture capital investors. These investors include Fenbushi Capital, Fundamental Labs, Softbank Vision Fund, NewTribe Capital, Cypher Capital, Bitcoin Frontier Fund, Summer Ventures, L2IV, Dext Force Ventures, Leadblock Partners, viaBTC Capital, Cipholio Ventures, Chiron Group, 3X Capital, Plutus.VC, and others.
“The Olympus acceleration platform promotes decentralization, innovation, and entrepreneurship. We’re all looking forward to witnessing the growth of the next generation of projects on the Internet Computer and other ecosystems through Olympus,” said Dominic Williams, Founder and Chief Scientist of the DFINITY Foundation, in a statement.
Olympus plans to become a decentralized autonomous organization (DAO) by the end of 2024. To ensure its independence and sustainability, it will be funded through a token generation event (TGE) followed by community fundraising. This will allow all stakeholders to participate in the platform’s success.
Founders and developers wishing to participate in Olympus can submit their projects to the website at www.dfinity.org.
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