COTI, the leading provider of blockchain-based privacy solutions, has partnered with decentralized fundraising platform Poolz to launch the MomentumX Accelerator. The initiative is designed to support projects leveraging COTI’s privacy technology while harnessing Poolz’s proven expertise in crypto crowdfunding.
With a mission to drive sustainable growth within the COTI ecosystem, the MomentumX Accelerator will provide a robust framework for supporting ventures in the rapidly evolving Decentralized Confidential Computing (DeCC) space. The partnership aims to catalyze a wave of innovation, helping startups create applications with powerful privacy features.
A Privacy-Driven Vision for Web3
The MomentumX Accelerator is designed to nurture projects from inception to market launch. The initiative offers two primary components. The main accelerator will provide the funding and technical support projects require to build on COTI and bring their concepts to market. This will be complemented by MomentumX Boost, which will see COTI invest up to $250,000 in the most promising projects, with up to $1 million annually allocated to the accelerator.
Projects accepted for the MomentumX Boost component will gain access to Poolz’s platform for decentralized fundraising. Marketing and networking support will also be thrown in including introductions to influencers, key opinion leaders (KOLs), and strategic partners. To round things off, teams will enjoy access to developer resources, furnishing them with the training and tools to master COTI’s privacy stack.
Through the MomentumX Accelerator, projects will be connected to COTI and Poolz partners including investors, exchanges, and market makers to scale operations. They will also be eligible for joint promotion across COTI and Poolz’s social media channels. With these resources, startups can overcome typical barriers to entry and focus on building innovative solutions.
Pioneering Privacy While Building Momentum
Projects accepted into the accelerator will be given the opportunity to develop products that utilize COTI’s flagship technology, powered by Garbled Circuits. This cryptographic protocol, developed in partnership with Soda Labs, supports the creation of dapps spanning such verticals as DeFi, High Frequency Trading, Gaming, Artificial Intelligence, and Enterprise.
COTI aims to set a new standard for data protection in web3, ensuring user confidentiality without sacrificing blockchain transparency. Impressive as COTI’s tech is, the real proof of what it’s capable of will only be manifested once developers start leveraging it to create a broad range of decentralized solutions. The MomentumX Accelerator will live up to its name, speeding adoption of COTI’s Garbled Circuits technology.
What Poolz Brings to the Party
Complementing COTI’s technical foundation, Poolz is the leading platform in the decentralized fundraising space. Over the past four years, it’s facilitated over $47 million in funding for more than 150 projects, helping them launch tokenized products and tap into a readymade audience of investors and traders.
Through its Initial DEX Offering (IDO) platform, Poolz is well positioned to provide MomentumX participants with a powerful launchpad for fundraising and market exposure. With an average of 4,000 active users per IDO, Poolz enables projects to connect with a vibrant and engaged investor community.
The MomentumX Accelerator has issued a call to projects interested in applying to it. Teams can submit an application to request funding, technical mentorship, and access to a thriving web3 community. The launch of the accelerator reflects growing demand for privacy in blockchain applications. As data security and compliance take center stage, solutions like COTI offer a compelling value proposition, redefining what’s possible in the field of blockchain privacy.
