Fantom kicks off Sonic Labs accelerator with Andre Cronje as mentor

Fantom Foundation Fosters Next Generation of Web3 Innovators with Sonic Labs Accelerator

GEORGE TOWN, Cayman Islands – Dec 5, 2023 – (SeaPRwire) – The Fantom Foundation recently announced the launch of its startup accelerator program Sonic Labs to empower aspiring web3 founders and cultivate innovation around Fantom’s new Sonic technology. Through Sonic Labs, the Foundation plans to incubate up to five selected projects with grants, hands-on support and mentorship from industry veterans like Andre Cronje.

The Foundation encourages developers building on sectors like GameFi, DeFi, Tokenization etc. with Fantom’s tech stack to apply for the Sonic Labs accelerator before February 6. Applicants will be judged on vision, utilization of Sonic, target users, uniqueness and impact on the Fantom ecosystem. Up to five projects will be chosen to receive up to $294,000 in grants each and launch with Sonic mainnet in spring 2024.

Andre Cronje, Fantom Foundation’s Director, looks forward to advising the top Sonic Labs projects by sharing his expertise in building applications and overall industry insights. The guidance from seasoned experts early in development can greatly benefit the selected teams in enhancing their offerings.

Fantom Foundation’s CEO Michael Kong said the accelerator clearly demonstrates their commitment to empowering the next generation of web3 entrepreneurs within the Fantom community. By unlocking the Foundation’s resources and Cronje’s knowledge, Sonic Labs aims to unite the most ambitious web3 trailblazers.

Fantom’s high-performance blockchain focuses on supporting scalable dapps with low fees while ensuring full security. The Sonic Labs program seeks to expand its ecosystem by backing promising innovations across decentralized spheres.

 SOURCE Fantom Foundation

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