Sandeep Nailwal-backed Web3 accelerator launches demo day for first cohort
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Web3 accelerator Beacon has wrapped up its first cohort with 13 graduating companies and has provided a venue for project founders to demo their blockchain-based startups.
Beacon’s first 12-week cohort, dubbed Cohort 0, kicked off in October with 15 companies across various cryptocurrency subsectors, including decentralized finance (DeFi), gaming and infrastructure. Beacon held a demo day on Jan. 10 with 13 graduating companies: Arcana, Blinkmoon, ChapterX, Colexion, Community Gaming, Cubist, FastLane, Meta Apes, Mystic Moose, Nillion, Davos Protocol, Timeswap and Ylide.
Polygon co-founder and Beacon creator
Web3 investment has dominated the venture capital scene over the past 12 months as investors continued to back new internet startups. In November, the Web3 sector saw 23 individual deals valued at a combined $168.3 million, according to Cointelegraph Research. Only infrastructure projects commanded a higher dollar amount.
