Cronos Labs, a blockchain network developer, has announced the launch of its third cohort of its $100 million accelerator program to support early-stage crypto projects. The 12-week program, which began on September 4th to coincide with Korea Blockchain Week, is focused on projects that integrate artificial intelligence (AI) and crypto.
The accelerator program is targeted at teams building at the intersection of AI and crypto, Cronos Labs said. In particular, it is designed to attract projects utilizing AI to provide unparalleled speed and efficiency that will help take products to market.
The increased interest in AI has been a boon for blockchain developers, as venture capitalists have been more focused on AI-crypto integration. To support the program, Cronos Labs has partnered with Google Cloud, Amazon Web Services (AWS), blockchain security specialists PeckShield and Certik as mentors.
The recruitment phase of the program is now open and Cronos Labs is looking for eight startups to join the program.