In a move to reshape the landscape of decentralized technology, ICP HUB Bulgaria is thrilled to announce the launch of Formation3, a cutting-edge Web3 accelerator designed to nurture and propel visionary startups through the power of the Internet Computer Protocol (ICP). As one of the leading hubs in Eastern Europe, ICP HUB Bulgaria has taken a significant leap forward by integrating Formation3 into the newly unveiled Olympus platform—the first on-chain Web3 acceleration platform.
What is Formation3?
Formation3 is more than just an accelerator; it’s a hub for innovation, offering startups an unparalleled opportunity to connect with a thriving ecosystem of investors, mentors, agencies, and industry leaders. Spearheaded by ICP HUB Bulgaria, this program is dedicated to supporting projects that are poised to shape the future of the decentralized internet. With a focus on fostering growth across a diverse range of industries—including DeFi, DeSoc, DePIN, DeAI, Gaming, and more—Formation3 is set to become the premier launchpad for the next wave of groundbreaking Web3 technologies.
The program will feature multiple cohorts, each strategically launched through Olympus. As an on-chain incubation platform, Olympus offers a streamlined, transparent, and decentralized approach to acceleration, setting a new standard for how startups can scale, launch tokens, and attract investment in the rapidly evolving Web3 space.
Why Olympus?
Unlike traditional accelerators, Olympus is built on the principles of decentralization and blockchain technology. This on-chain platform connects founders, investors, mentors, and talents across various ecosystems, providing a seamless and secure environment for innovation. By leveraging Olympus, Formation3 ensures that participating startups have access to the best resources and support, all while maintaining full transparency and autonomy.
“The launch of Formation3 on the Olympus platform marks a significant milestone in our mission to empower founders,” said Josip Vlah, Co-Founder of ICP HUB Bulgaria and one of the lead coordinators behind Formation3. “Formation3 is the accelerator created by the founders to directly work with the founders, establish their partner network, and grow their projects across a wide array of ecosystems.”
The Opportunity
Formation3 offers startups access to an extensive partner network comprising over 30 key players in the ecosystem. Some of them include:
- RZLT – The leading Web3 growth agency.
- BorgoLabs – Advisory & Web3 native consulting firm.
- Lunar Strategy & Capital – KOL & PR house of Web3.
- WeiChain – Founders of CKSOL, a leading Web3 dev shop in the CEE region.
- ICON Worldwide – Native Web3 dev shop building projects across ecosystems.
- Moonstruck – Belgrade-based dev shop specializing in RWA, DeFi, and other fields.
The program also boasts a lineup of high-caliber mentors, such as Luka Sucic (Angel at Daedalus Angels & Co-Founder of RZLT), Nirado (Head of VC Investments at X+ Ventures), and many more. These mentors bring a wealth of experience and knowledge, providing startups with the guidance they need to navigate the complexities of the Web3 landscape.
Who Should Apply?
Formation3 is open to startups at various stages of development—whether you’re working on a Proof of Concept (POC), Minimum Viable Product (MVP), or already on Testnet/Mainnet. We welcome projects from diverse industries, including DeAI, DePIN, Gaming, DeSoc, DeFi, Privacy, Infrastructure, and Toolsets.
Applications are open until the end of 2024. Starting in 2025, the cohort will enter the accelerator stages, embarking on a journey of growth and expansion within the ICP ecosystem.
Dive Deeper.
Don’t miss this opportunity to be part of a transformative program that is redefining the future of Web3. Join Formation3 and leverage the power of Olympus to take your startup to new heights.
Learn more about Formation3:
https://x.com/Formation_Three
Apply your startup:
https://linktr.ee/formation3
Source: https://www.cryptopolitan.com/icp-hub-bulgaria-unveils-formation3-a-web3-accelerator-of-the-new-economies/