Hassan Maishera
Web3 privacy layer COTI announced earlier today, November 22nd, that it has partnered with IDO platform Poolz to launch the MomentumX Accelerator.
In a press release shared with Cryptowisser, COTI said the accelerator will support ventures building on its tech stack via the MomentumX Boost Plan, a suite of services that gives startups the resources they need to succeed.
The MomentumX Accelerator has been conceived to support the sustainable growth of the COTI ecosystem. The accelerator will ensure that projects building with COTI’s flagship privacy technology, based on Soda Labs’ Garbled Circuits, are empowered to create innovative solutions within the Decentralized Confidential Computing (DeCC) space.
The partnership between the two entities to launch the accelerator will kickstart a wave of powerful applications that support confidential transactions, secured by COTI’s advanced privacy layer 2.
Meanwhile, Poolz will provide its Initial DEX Offering (IDO) infrastructure to the MomentumX Accelerator, giving projects building on COTI a leading platform on which to fundraise and bring their products to market.
COTI will also invest up to $1 million annually in qualifying projects, maximizing the prospects for accelerator participants to realize their full potential. The two companies will also work together to implement MomentumX’s Boost Plan, a complementary initiative that will actively seek to source new projects and developers.
According to the team, the MomentumX Boost Plan includes initial grants and investments from COTI of up to $250,000 for promising privacy projects and Poolz public launchpad exposure.
The Boost also includes other services like influencer and KOL introductions, co-marketing across social media channels, business development, and partner introductions, such as leading investors, exchanges, and market makers.
The team believes that Poolz’s strong track record in the crypto fundraising sector and COTI’s cutting-edge technology and developer expertise will give new ventures a substantial chance of success.
The accelerator will give developers and startups the necessary resources to master COTI’s tech stack and create groundbreaking applications with privacy at their core.
The COTI Network is the fastest and lightest confidentiality layer in web3, powered by the breakthrough cryptographic protocol Garbled Circuits. COTI introduces the most advanced and compliant solution for data protection on the public blockchain, paving the way for the next wave of web3 innovation and adoption. COTI unlocks a new world of use cases, including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more.
Meanwhile, Poolz is the leading decentralized fundraising platform enabling crypto’s most innovative projects to kick-start their journey and grow their communities. Poolz allows users to make research-based decisions to participate in high-potential IDOs and empowers projects to raise funds before listing. Over the past four years, Poolz has established itself as a powerful force in the crypto crowdfunding world, raising over $47 million for 150+ Web3 startups, with an average of 4,000 active users per IDO.
