According to Foresight News, Spring Xcelerator (SpringX) has officially launched, with applications open until October 19. SpringX aims to support Web3 entrepreneurs in seed or angel funding rounds by providing a $20 million funding pool, systematic courses, and a strong founder network and resource support. The accelerator is jointly initiated by 14 project founders and three top investment institutions, with the 17 initiators acting as the first batch of alumni to jointly select projects and organize offline courses and events in 5-8 cities worldwide over a three-month period, helping entrepreneurs quickly connect with resources and growth.

The joint investment institutions include SevenX Ventures, Generative Ventures, and Bixin Ventures. The project founders involved are Charles from Galxe, Chess from Chess GM Labs & QuestN, Chris from MirrorWorld, Daidai from Dodo, Jack from Aspecta, Mogu from Chainbase, Niels from BuidlerDAO, Tim from d.id, Ryan from CyberConnect, Wendy from Beosin, Xiao from zCloak, Yuanjie from Conflux, Zhixiong from ChainFeeds, and Zhouqi from EthStorage.