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Founder Institute Collaborates with Polkadot
The Founder Institute, a renowned start-up incubator in Silicon Valley, has recently announced a strategic partnership with Polkadot, a prominent player in the blockchain ecosystem. The collaboration aims to support early-stage Web3 startups by providing them with essential resources, mentorship, and access to a global community of founders.
Successful applicants accepted into the latest cohort will benefit from guidance from key figures within the Polkadot community, particularly in the areas of technology and scalability. Since its inception in 2009, The Founder Institute has facilitated the raising of over $1.75 billion in funding through its accelerator programs, primarily tailored for pre-seed start-ups.
The current program is open for applications from builders, startup founders, and investors, with the program scheduled to run from June 3 to August 2, closing applications on May 19.
Billionaire’s Ambitious Bid for TikTok
Famed real estate billionaire Frank McCourt, boasting an estimated net worth of $1.4 billion, has revealed plans to engage with investment bank Guggenheim Securities in a potential bid dubbed the “people’s bid” for the popular social media platform TikTok. McCourt envisions a reimagined version of TikTok where users have greater control over their data and identity, in alignment with the principles of decentralized technology.
If successful, McCourt intends to transition TikTok’s technical infrastructure to a framework devised by Project Liberty, a move designed to empower creators on social media platforms. Project Liberty and Polkadot have an existing agreement to collaborate on the implementation of the Decentralized Social Networking Protocol (DSNP), with further support from Frequency, a Polkadot parachain managed by Unfinished Labs.
Peaq’s Inclusion in Mastercard Start Path Program
Peaq, a leading parachain within the Polkadot ecosystem, has been chosen to participate in Mastercard’s prestigious Start Path program. Known for its role in managing decentralized physical infrastructure networks (DePINs), Peaq’s technology is utilized across various industries, from noise pollution control to rewarding drivers with crypto tokens.
Through this collaboration, Peaq aims to enhance the interoperability between its DePINs and traditional financial systems, leveraging Mastercard’s extensive network and capabilities. The partnership also paves the way for potential collaborations and partnerships, tapping into the resources and opportunities offered by Mastercard.
Notably, Peaq’s recent success includes a funding round of $15 million, led by Generative Ventures and Borderless Capital, underscoring its growing influence and potential within the blockchain space.
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