According to PANews, BoostVC, Draper Associates and Thesis launched the BitcoinFi accelerator program, which aims to support founders in bringing the next wave of innovation to Bitcoin. The program encourages applications across three core areas: infrastructure, DeFi and SocialFi.

Participants receive $150,000 in initial funding in exchange for 5% equity and have the opportunity to receive follow-on investment from a network of investors. The accelerator is currently open for applications until October 23.

Two selection phases will follow, with the winners announced on November 1, and the first batch of courses starting on November 4 and running until December 13.