Solana Incubator Offers Funding and Support for Web and Blockchain Projects
Solana Labs, the blockchain technology company, has announced the launch of its new incubator program aimed at supporting project development on the Solana blockchain. The program, called Solana Incubator, will provide fundraising, development, networking, and marketing support to web and blockchain projects looking to build on Solana's platform.
Applications Accepted Until November 30
The Solana Incubator is currently accepting applications from interested projects until November 30. Successful applicants will receive support from the Solana Labs team and its partners throughout the development, marketing, and launch phases of their projects.
Removing Obstacles for Founders
Emon Motamedi, Product Manager at Solana Labs, explained that the Incubator program aims to remove the challenges that founders face, particularly regarding Web3 integrations and fundraising. The program provides resources and support to help founders focus on solving the problems of their users and contribute to the growth of the Web3 industry.
Exposure to Top VCs and Enhancing Liquidity
In addition to support from Solana Labs, the Incubator program will offer participants exposure to top venture capitalists in the Solana Labs network. This will help startups enhance their liquidity and attract further investment.
Marinade Finance Blocks New Signups from UK Users
Meanwhile, Marinade Finance, the largest decentralized finance (DeFi) protocol on the Solana blockchain, has announced that it is blocking new signups from users in the United Kingdom. The decision is in response to compliance concerns related to rules and regulations set by the UK Financial Conduct Authority (FCA).
New Rules Impacting Crypto Asset Firms
The FCA recently issued new rules that affect crypto asset firms, which came into effect on October 8. These rules require crypto firms to market to UK consumers transparently and provide clear risk warnings. As a result, many firms have already withdrawn their products and services from the UK market.
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