Pluto Digital, a crypto technology company focused on developing, advising, and investing in digital assets, today announced the inception of Pluto Booster, a $1 million accelerator program to incubate projects in the crypto-ecosystem.
Officially open to applicants today, Pluto Booster will support early-stage crypto projects that solve real problems in innovative new ways. Backed by Pluto, the first round of the program will provide grants to 10 projects that demonstrate pioneering concepts to support decentralized technology infrastructure.
All applications are encouraged and no project area is off-limits, whether they focus specifically on DeFi, NFTs, token issuance, exchanges, data processing, and market analysis or the broader intersections between these segments.
The first 10 successful applicants will receive a $25,000 grant towards their project. The candidates will then be given 30 days to present a formulated idea and MVP. From this initial tranche, Pluto will choose the strongest projects which will be eligible to apply for a further $100,000.
The chosen 10 will have access to mentoring from leading entrepreneurs, venture capitalists, and FinTech industry experts. They will also receive introductions and guidance from key decision-makers at Pluto as well as the support of Pluto’s community and global crypto networks.
“By supporting early-stage idea development, we believe we can enhance the growth of the crypto ecosystem, identify valuable technology at its inception, and bring it to market with the support of our partners,” said Barry Downes of Pluto Digital. “Not only will successful applicants receive unprecedented access to our network and knowledge base, but they will also gain invaluable insights from some of the smartest minds in the start-ups and crypto world.