Dfinity Foundation plans to invest $15 million in accelerator platform Olympus

PANews reported on April 9 that according to The Block, the Dfinity Foundation, a major contributor to the Internet Computer blockchain, plans to invest $15 million in an accelerator platform called Olympus. Olympus supports the development and adoption of web3 technologies across multiple ecosystems, and Dfinity said the acceleration platform is the first of its kind in the world and will be used by teams around the world to organize and launch their own accelerator projects. Dfinity, based in Zurich, said Olympus will transform into a decentralized autonomous organization (DAO) by the end of this year. The funds will be used to support the development and maintenance of the Olympus platform and fund the first few accelerator batches. These accelerators will support projects built on Internet Computer, but thanks to their support for multiple chains such as Bitcoin and Ethereum, projects are not limited to the Internet Computer blockchain. Dfinity said that in the future, batches will be funded through native token generation events (TGE). Olympus will provide an integrated platform to achieve open and sustainable project acceleration by providing one-stop grant, crowdfunding, venture capital and recommendation services. Hong Kong-based Web3Labs will provide additional support for the Olympus platform.