Home / Cryptocurrency / ETC Labs Launches Startup Incubator Pilot as Applications Exceed 100
etc labs launches startup incubator pilot as applications exceed 100 - ETC Labs Launches Startup Incubator Pilot as Applications Exceed 100

ETC Labs Launches Startup Incubator Pilot as Applications Exceed 100

ETC Labs Launches Startup Incubator Pilot as Applications Exceed 100

The director of Ethereum Classic’s funding department ETC Labs printed in an interview Thursday, Oct. 11, that it is going to paintings with as many as 24 startups each and every 12 months.

Elizabeth Kukko showed that six decided on initiatives had been these days concerned with ETC Labs in a pilot scheme, with the entire incubator to release in Q1 2019.

“The goal of this pilot program is to put the incubator model to work and get feedback from these initial teams before going live,” she defined.

The transfer comes as Ethereum Classic (ETC) continues to lose its place as the entire cryptocurrency marketplace hunch continues.

In June, ETC’s costs jumped 25 % after U.S. cryptocurrency trade Coinbase introduced it might upload the token to its orderbook.

At press time, ETC/USD traded round $nine.55, its lowest since May 2017, however the altcoin’s marketplace cap nonetheless stays at over $1 billion.

“[We chose] Ethereum Classic as a result of there may be a large number of safety at the major layer, and it doesn’t in reality subject what sidechains are utilized in conjunction to this,” Kukko stated when requested concerning the determination to paintings off the community.

“Also, the Ethereum Classic space is very competitive, with a lot of good ideas and startups with immense potential for growth.”

To that finish, Kukko didn’t disclose the identification of the initiatives below supervision, however added that “technical capabilities of the team and their ability to build on the ETC blockchain” had been precedence necessities for attention of applicants.

ETC Labs claims to have to this point gained 120 packages.

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