NEAR Protocol launches its first India Accelerator to strengthen the blockchain startup ecosystem in India

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– Announces partnership with global multi-asset Investment firms, Woodstock Fund and Fracton Ventures

– Winners to receive up to $200,000 in grants funding and resources along with mentorship and go-to market access for impactful  blockchain-based solutions to real world problems leveraging NEAR’s state of the art blockchain protocol

NEW DELHI, May 4, 2021 /PRNewswire/ — NEAR, an open-source platform aimed at accelerating the development of decentralized applications, today announced the launch of their first India focussed NEAR India Accelerator program. Woodstock Fund, a DLT- focussed multi-asset investment Fund and Fracton Ventures, a prominent Web3.0 focused Japanese investment and development platform, have joined the accelerator as Investment  partners and Go-to-Market access Partners respectively. The NEAR India Accelerator aims to nurture and identify upcoming Indian startups that want to innovate in the blockchain space, build impactful products that solve real world problems and strengthen India’s blockchain prowess in the global ecosystem. Through the accelerator, NEAR Foundation and Woodstock Fund will cumulatively offer upto $200k in funding along with mentorship from global experts in the blockchain and startup space, go-to market access to the NEAR and Woodstock Fund’s expansive ecosystem along with marketing support to innovative startups with impactful solutions built on the NEAR protocol for real world problems. Fracton Ventures will provide Go-to-Market support in Japan and will open up opportunities for the participating startups in the Japanese blockchain and investment ecosystem. 

NEAR is a decentralized development platform that is built on NEAR Protocol, a public, sharded, developer-friendly, proof-of-stake blockchain. It is a highly scalable, cost-effective platform for developers to build decentralized applications on. This platform is specially designed to provide a decentralized, ubiquitous ground floor for other developers to build their applications on. Through its India accelerator, NEAR has decided to open up its expertise and provide support to the creative minds in the Indian tech startup ecosystem. 

Spanning three months, the accelerator program is open to creators, innovators, startups, and developers from all over India working on projects that are past the proof-of-concept phase to build unique and creative products utilizing digital assets and blockchain technology. The NEAR India Accelerator will be interspersed with meetups before the closure of registrations which will be followed by a two-week-long bootcamp for selected registrants. The startups that make it through a bootcamp will be invited to pitch at the demo day for up to $100k in funding. The inaugural meetups of the NEAR India Accelerator will be directed towards providing adequate support, mentorship, and knowledge to help the participants build their business solutions on NEAR platform. The Accelerator will focus on startups with cutting-edge ideas, relevant blockchain use cases, and a committed team. 

NEAR is first and foremost a community for entrepreneurs and creators, and the startup ecosystem in India has quickly become a leading source of blockchain innovation and entrepreneurship. I have no doubt that some of the leading ideas and transformations across industries will emerge from India in the years to come, so launching the NEAR India Accelerator program was the obvious choice for our community. India’s startup ecosystem is already solving some of the most critical issues facing the country today, and with this accelerator program, we aim to highlight these efforts and empower up-and-coming entrepreneurs to bring new ideas to life and to propel India forward as a powerhouse in global blockchain-led innovation,” said Erik Trautman, CEO of NEAR Foundation.

The accelerator program is launched in partnership with Lumos Labs, an innovation management firm specializing in running technology open innovation programs in India. The entries will be judged by a distinguished panel of industry leaders and subject matter experts on three primary aspects of problem selection, solution innovation, and impact achieved. The registration window will be open from May 3 – June 20, 2021, which will be followed by 3 rounds of filtration with 50 teams shortlisted in the first cohort, 15 teams in the second, and finally five teams in the final cohort that will present their solutions in the Final Demo Day.

If you have an interesting Blockchain Use case and are excited to apply for the NEAR India Accelerator Program, Click here! 

To learn more about NEAR Protocol, feel free to visit- https://near.org/

About NEAR Protocol:

NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. This is why NEAR was recently awarded the Climate Neutral Product Label from South Pole. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains. NEAR.org – Infrastructure for innovation.

To learn more about the NEAR Protocol, please visit – https://near.org/

About Woodstock Fund:

Woodstock is a multi-asset emerging technology fund house currently focused on investments in Blockchain and Distributed Ledger Technology (DLT) with emphasis on four areas – Infrastructure layer, Decentralized Finance (DeFi), Web 3.0 protocols and Tokenization (both fungible and non-fungible). Woodstock works diligently with portfolio companies to help them scale and grow their ecosystem globally. Woodstock has made early stage investments in pioneering DLT companies – Elrond, Covalent, Terra Virtua, Propine and Band Protocol among others.

To learn more about Woodstock Fund, please visit- https://woodstockfund.com/

About Fracton Ventures:

Fracton Ventures is a network of experts, investors and developers who co-create the future of Web 3.0 as contributors rather than just supporters. Their current activities include commitment to DAO as a corporation (community participation, co-development, planning / design), educational and research activities in the Web3.0 area, and expansion of existing Web3.0 products into and from Japan. We also provide opportunities for upcoming projects in the Web3.0 space to connect with potential Japanese investment groups and support early product and business development needs.

To learn more about Fracton Ventures, please visit- https://fracton.ventures/

Next Story

Handicraft Furniture setting a new trend in the interior and home décor industry

Handicraft Furniture setting a new trend in the interior and home décor industry

Furniture is one of the most prominent and significant aspects of any space. It adds a distinct depth and feel to the décor and enhances its beauty to the next level. Conventionally furniture was considered only as a side element while designing an interior. However, today the trend has changed; the limelight is on the furniture and furnishing elements. Young interior designers and architects are giving utmost importance to furniture and are heavily investing their time and efforts to get the best furniture for modern urban spaces.

Antique Handicraft Furniture

Saharanpur – the furniture city of India is renowned for its explicit patterns, wide motifs, and creativity. The city is home to some of the most skilled and proficient artisans and craftsmen. These creative enthusiasts are known for their attention to detail, intricate carving, and eye for perfection. The finishing and look of the furniture created in this city are beyond comparison. Craftatoz is one of the reputed furniture manufacturing companies in India. Established in the year 1989 in Saharanpur, the company has more than 300 trained and skilled workmen. The antique and eternal furniture created by Craftatoz sets the perfect symphony of texture and gives your space a stunning and grandeur appearance.

Furniture artefacts are one of the worthwhile investments. It not only augments the overall appearance of your room but also meticulously sets the whole ambience. The novelty and ethnic feel of antique furniture make it highly popular amongst the masses. The designers and interior decorators are hunting unique and exquisite antique furniture that connects one with the Indian roots. Craftatoz is one of its kind of handicraft furniture manufacturing company striving to preserve the Indian handicraft industry and introducing artistic handicraft furniture that is spectacular and awe-inspiring.

Preserving the art of Handicraft

Handicraft furniture online is a part of Indian heritage and culture from the Britishers time. Handicraft furniture speaks volumes about our rich history and love for art. Handicraft furniture is an integral part of our interiors and gives your premise an elegant touch. However, over the period of time with the introduction of modernization and machine-made furniture, the significance of handicraft furniture has been also affected to a great extent.  Furniture giants like Craftatoz are exerting themselves to promote the artisan’s talent and preserve the art of handicraft. They are bringing handicraft furniture to modern homes and preserving our legacy. Handicraft furniture is a seamless combination of modern art, style, and antiquity. They are unmatched and a true epitome of sophistication.

Handicraft furniture suits your décor and adds more splendor to it

The latest global trend in home furniture and decoration is Handicraft Furniture. Décor with the layer of Indian handicraft products and furniture creates an interesting décor and creates an impeccable melody of texture, color, fabric, styles, etc. Antique handicraft furniture in the form of mirrors, center table, jharokhas, Chandeliers, key holders, table lamps, corner tables, and much more. Handicraft Furniture is true alchemy of style and poise. They are an ideal fit for any modern urban or conventionally designed abodes. The handicraft wooden furniture celebrates luxury and creates a lavish feel.

The matchless collection of handicraft furniture

Handicraft furniture is never outdated. They are timeless and always in fashion. Other furniture styles may come and go but the love for Indian handicraft and artistic furniture is increasing at an enormous rate. A true lover of Indian culture and exclusive products is sure to get impressed by the sumptuous range of handicraft furniture offered by Craft atoz. The handicraft furniture can truly revamp your furniture and add a gleam to your interiors. Handicraft furniture is available in size, style, and pattern. The availability of premium grade handicraft furniture collection has led to an immense increase in the demand and utility of the same. Interior designers and décor experts are incorporating handicraft furniture to create a comprehensive mood of the space and give it a cutting-edge.

Taking furniture industry to newer heights

Like every industry, the furniture industry has also witnessed several ups and downs. The trends in the furniture industry are ever-evolving. There are continuous introductions and upgrades in this sector. However, the heart of the furniture segment is still ‘Handicraft Furniture’ the simplicity, quirkiness, antique touch, regal patterns and immersive feel of handicraft furniture still continue to mesmerize everyone with its grandeur and sheer opulence.

Handicraft furniture is at the pedestal and gaining substantial attention worldwide. They are widely acknowledged as one of the most reputed, credible, and authentic Indian art forms. The handicraft furniture reflects the legacy of the country and opens new avenues for Indian craftsmen and artefacts. Craftatoz with an aim to provide these artists global exposure and widespread Indian culture to every corner of the world brings a well-thought, finely detailed range of handicraft furniture that creates the cult and sets new milestones in the world of online furniture.

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