Pluto Digital Encryption Technology Company Focusing on the development, consulting and investment of digital assets, today announced the establishment of Pluto Booster, a $1 million accelerator program for incubating projects in the crypto ecosystem.
Pluto Booster is officially open to applicants today and will support early-stage cryptocurrency projects that will solve practical problems in innovative new ways. With the support of Pluto, the first round of the program will provide grants to 10 projects that demonstrate pioneering concepts that support decentralized technology infrastructure.
All applications are encouraged, and no project area is taboo, whether they focus exclusively on DeFi, NFT, token issuance, exchange, data processing, and market analysis, or the broader intersection between these areas.
The top 10 successful applicants will receive US$25,000 in project funding. Then, candidates will have 30 days to put forward their proposed ideas and MVP. From the initial payment, Pluto will choose the most powerful projects that are eligible to apply for another $100,000.
The 10 selected experts will receive guidance from leading entrepreneurs, venture capitalists and experts in the fintech industry. They will also receive introductions and guidance from Pluto’s key decision makers, as well as the support of the Pluto community and the global encryption network.
“By supporting the development of early ideas, we believe that we can promote the development of the crypto ecosystem, identify valuable technologies at the beginning of its birth, and bring it to the market with the support of partners,” Pluto Digital’s Barry Downes Say. “Successful applicants will not only gain unprecedented access to our network and knowledge base, but they will also gain valuable insights from startups and some of the brightest minds in the crypto world.