According to PANews, the Dfinity Foundation, a major contributor to the Internet Computer blockchain, plans to invest $15 million in an accelerator platform called Olympus. Olympus supports the development and adoption of web3 technology across multiple ecosystems. Dfinity said the acceleration platform is a global first and will be used by global teams to organize and launch their own accelerator projects.
Zurich-based Dfinity said that by the end of this year, Olympus will be transformed into a decentralized autonomous organization (DAO). The funds will be used to support the development and maintenance of the Olympus platform and to fund the first few accelerator batches.
These accelerators will support projects built on the Internet Computer, but thanks to its support for multiple chains such as Bitcoin and Ethereum, projects are not limited to the Internet Computer blockchain. Dfinity said that in the future, batches will be funded through native token generation events (TGE). Olympus will provide an integrated platform to achieve open and sustainable project acceleration by providing a one-stop subsidy, crowdfunding, venture capital and recommendation services. Hong Kong's Web3Labs will provide additional support for the Olympus platform.