With involvement from renowned investment firm Jump Crypto, P2P, the developer of the liquid staking service Lido, is leading a $13.5 million funding round for Delphi Labs, the incubator division of cryptocurrency research company Delphi Digital.
Delphi Labs Completes $13.5 Million Funding Round for Web3 Accelerator
The funds will reportedly be used to create an accelerator to support the development of groups working to launch Web3 initiatives. It is noteworthy that Delphi has not received any outside investment until this funding round.
“Over our ~6 years in crypto, we’ve consulted for, invested in, and helped build several multi-billion dollar protocols across every vertical in crypto. We know first-hand how hard it is to build a crypto startup and we’ve experienced all the common pitfalls,”
Delphi team
About Web3 Accelerator
A total of $200,000 will be given to each team participating in the accelerator. The program’s primary portion will run between four and six months, and at its conclusion, project teams will be introduced to Delphi’s network of possible investors. A core group of engineers, economists, designers, attorneys, and entrepreneurs will offer practical guidance to participants on topics such as product creation, legal issues, and go-to-market strategies.
According to Delphi Labs, the goal is to scale up to 10 teams annually. In order to allow for a more specialized approach to support, each cohort of the accelerator will be concentrated on a certain Web3 ecosystem. Applications are currently open for the first cohort, which will concentrate on the Cosmos ecosystem.
“Delphi has an exceptional team with extensive experience and a deep understanding of all aspects of managing a Web3 project. Their expertise ranges from intricate legal structures to tokenomics design and development, as well as building truly decentralized protocols and selecting the ideal technology stack. If I were to enter this field and launch a new venture, I would undoubtedly do so through the innovative Delphi Accelerator.”
Konstantin Lomashuk, P2P founder
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