According to TechFlow, the Layer 1 blockchain project aelf has launched a new incubator, AEVOLVE Labs, to discover and support potential blockchain projects. AEVOLVE Labs takes a tailored approach, focusing on three key areas: product-market matching strategy, networking resources, and financial support. The incubator will facilitate project founders to connect with a wide range of institutions, industry experts, investment funds, communities, and thought leaders in the Web3 field. Participants have the opportunity to seek financial support from aelf Ventures' $50 million ecological fund, aelevate Gaming Grant, and external investors. AEVOLVE Labs will evaluate the potential value of applicants based on pre-defined criteria, and selected projects will join aelf's existing incubation project portfolio and participate in a 6 to 12-month incubation program.