Investment firm Hexit Capital has launched a new Web3 accelerator program that aims to help early-stage projects leverage blockchain technology, drive growth and foster collaboration with a network of experts in the Web3 space.
The accelerator program will offer resources and mentorships, as well as support to portfolio companies as the firm’s partners believe that Web3-based decentralised business models will be the driving force behind the next major boom in the global digital economy.
Both partners Serge Suchkov and Arseniy Gromov see the new Web3 accelerator as a valuable resource for ambitious projects looking to adopt decentralised tech, like blockchain and DeFi, and integrate these cutting-edge technologies into their operations.
Strength in numbers
Hexit’s accelerator program will also be joining other ongoing accelerators such as Outlier Ventures, YCombinator, and Techstars in supporting projects in the realm of blockchain technology.
There are numerous benefits to the increasing number of Web3 accelerators, as they tend to specialise in different blockchain ecosystems. This diversity also translates to a wider range of resources and expertise that can assist projects in their growth and success.
According to Hexit Capital’s partners, when a business joins a Web3 accelerator, it becomes like a foster child and remains a member of a larger community even after the acceleration program ends.
Hexit Capital aims to apply traditional finance best practices to create a more efficient decentralised future. Their Web3 accelerator launch supports this goal by empowering new ambitious projects, regardless of scale or niche.
Isa Muhammad is a writer and video game journalist covering many aspects of entertainment media including the film industry. He's steadily writing his way to the sharp end of journalism and enjoys staying informed. If he's not reading, playing video games or catching up on his favourite TV series, then he's probably writing about them.
