The blockchain application development platform Tatum cooperates with StartupYard to launch the accelerator program

It is reported that Tatum, a company that provides developers with the framework for building blockchain applications, has launched an accelerator plan in cooperation with the in-depth technology accelerator StartupYard. We will seek to fill the gap between traditional accelerators that lack encryption knowledge and web3 accelerators that pay too much attention to tokenization. With the support of venture capital companies such as Rockaway Capital and Credo Ventures, Tatum’s accelerator only provides 40000 euros of convertible notes to participate in the entrepreneurial accelerator, and the equity varies according to the entrepreneurial stage.

Interpretation of this information:

Tatum, a company that offers a framework for blockchain application development, has teamed up with technology accelerator StartupYard to launch an accelerator plan. The partnership aims to address the gap between traditional accelerators that lack blockchain expertise and web3 accelerators that overemphasize tokenization. With backing from venture capital companies like Rockaway Capital and Credo Ventures, Tatum’s accelerator program provides startups with 40,000 euros of convertible notes to join the accelerator, with equity levels varying depending on their entrepreneurial stage.

With blockchain technology revolutionizing the way businesses operate globally, Tatum’s initiative is a welcome development that aims to tackle the lack of blockchain knowledge that most startups have to cope with. As blockchain becomes increasingly ingrained into business models, startups must equip themselves with the necessary blockchain expertise to succeed in the long term.

Tatum and StartupYard’s partnership aims to bridge the gap between traditional accelerators and blockchain accelerators. This void, as previously discussed, involves providing startups with the blockchain tools needed to make a mark in their respective markets. By providing a proper blockchain framework for startups to utilize, Tatum will enable startups to accelerate the development of blockchain applications, giving them a competitive advantage.

Furthermore, by offering 40,000 euros of convertible notes, the accelerator can attract a wide range of startups at different entrepreneurial stages. The varied equity structure, which ranges from seed to advanced stages, ensures that startups receive what fits their development stage.

In conclusion, Tatum’s accelerator program in collaboration with StartupYard is a remarkable step in bridging the existing gap between traditional and blockchain accelerators. The program’s unique equity structure and convertible notes ensure that startups joining the accelerator are given the necessary boost to succeed in the long run.