Ethereum Classic Labs Announces Program to Promote ETC Applications

Francisco Memoria

Ethereum Classic Labs, one of the first blockchain-focused incubators that supports the development of projects on the Ethereum Classic blockchain, announced a program to promote ETC applications.

According to a Medium blog post, the program’s goal is to focus on “funding, educating, and mentoring blockchain companies” building products and services on the Ethereum Classic network.

The first cohort of Ethereum Classic Labs’ Accelerate program was formed during the first quarter of this year, the post claims, adding that a second one is expected to be announced by the third quarter. The program is targeting two per year, each focusing on a different theme.

The first one, the post notes, included a combination of “funding, mentorship, facilities, entrepreneurship workshops, and development resources.” It was based on 11 blockchain companies that were provided with “a structured curriculum that included messaging workshops, investor pitch preparation, core developer access,” and more.

Ethereum Classic Labs’ post adds:

Each Accelerate program will last a total of three months, focusing on a structured curriculum that will guide and mentor these startups on technical direction, product development, legal, regulation, positioning, go-to-market strategy, community development, sales strategy, investor pitches, and business modeling.

Earlier this year, as CryptoGlobe covered, Ethereum Classic Labs also announced a new team of developers were to start working on maintaining and improving the ETC blockchain. Part of the developers’ functions would be to focus on facilitating and development of decentralized application on the cryptocurrency’s network.

According to CryptoCompare data ETC is currently trading at about $5.87 after falling 0.09% in the last 24-hour period. In the last 3’ days the cryptocurrency saw its price drop by about 30%.