Polygon (MATIC) co-founder Sandeep Nailwal has launched Beacon, the Web3 startup accelerator platform.
Globally, there is a significant increase in the number of crypto startups. Companies and investors have started to show intense interest in new crypto projects. The reason for this is that the existing projects in the market have gained a lot until they reach these levels. This interest of investors also accelerates the initiatives of the projects. Polygon co-founder Sandeep Nailwal also signed off on a new venture. Nailwal has launched the Beacon, which will support and speed up the process at the start of Web3 projects.
Polygon Co-Founder Launches Web3 Initiative Beacon
Sandeep Nailwal, co-founder of Polygon and Symbolic Capital, launched its platform that enables Web3 projects to get off to a fast and strong start. The name of the platform was Beacon.
New York-based accelerator Beacon will provide mentoring and financing services. The new platform has announced that it will support early-stage crypto projects. Nailwal stated that 15 startups have already received funding from Beacon.
Beacon was launched as part of Symbolic Capital, which was founded with a $50 million fund. “Our ultimate goal is to build the largest web3 founders network in the world,” Nailwal said.