Web3 startups queue up: Consensys Startup Program partners with Cointelegraph Accelerator
The transition from Web2 to Web3 is reshaping the technology landscape and attracting the attention of developers. Despite the challenges faced during the current crypto winter, the Web3 ecosystem continued to onboard new developers, with many thousands of developers making the jump from Web2 to Web3.
However, developers working with Web3 and blockchain technology can face numerous issues if they lack the proper knowledge, infrastructure and tools. Web3 teams need assistance developing in a complex environment without introducing vulnerabilities into their smart contracts that could lead to security breaches, such as hacks and exploits.
The number of active Web3 developers is rising. Source: Electric Capital.
To avoid these potential setbacks, Web3 startups are seeking support from established industry players. Blockchain and web3 software company Consensys offers developers and enterprises around the globe a range of tools to create applications on Web3, deploy financial infrastructures, and connect with decentralized networks. Among these tools is MetaMask, one of the most widely used hot self-custody wallets in the industry, which surpassed 100 million users in 2022.
In the summer of 2022, Consensys launched its Startup Program that aims at working with leading early stage ventures and support them on their path to becoming unicorns while having access to Consensys entire product stack. Consensys’ commitment to support startups aligns with the goals of the Cointelegraph Accelerator, which is to increase the visibility and success of promising Web3 products.
Cointelegraph and Consensys announced a new partnership in June 2023 to support early-stage companies in the space by combining Consensys’ software infrastructure
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