Blockchain Ecosystem Velas Plans to Launch a Blockchain Accelerator and a $250 Million Fund

Velas, a popular blockchain ecosystem, has announced it has launched a business accelerator and created a $250 million fund to support devs.

The project has reported that all participants will receive assistance in the development of the project and investments amounting to $25,000, $50,000, $100,000 and even more. How much money receives each participant widely depends on the prospects of the project and the expertise of the team, among other things.

Th applications filed by the participants will be considered by developers, analysts, marketers and designers.

If everything goes as expected, the fund should be launched in late 2022.

The winners will receive technical expertise and expert assistance, three months of mentoring to establish work processes, assistance in marketing, organization of token sales and promotion and $25,000 or more depending on the complexity and degree of completion of the product.