The Cardano Foundation announced a major partnership, concerning everyone who is building applications or tooling on the protocol.
More specifically, they’ve teamed up with Techstars – an organization focused on supporting developers. The initiative is called Project Catalyst and it is a global pre-accelerator that will be running from October until December this year.
It will “focus on companies building on the Cardano blockchain, companies building cross-chain compatible or chain-agnostic solutions relevant to Cardano, and founders building towards the advancement and adoption of Cardano’s ecosystem.”
According to the official post, the pre-accelerator will select between 15 and 20 companies who will receive access to Techstars startup education on customer discovery, product market fit, introduction to venture, pitch coaching, and more.
Do you know what staking is ? Staking on the blockchain refers to the process where participants lock up a certain amount of cryptocurrency to support the operations and security of a blockchain network. In return, they earn rewards, typically in the form of additional cryptocurrency. Staking is often associated with proof-of-stake (PoS) or similar consensus mechanisms used by many blockchains.
