Startup Incubator Codebase Names First Cohort | Avalanche Blog
Summary
Additionally, the program has significantly increased funding from its original announcement by partnering with Colony Lab, with the AVAX-specific decentralized VC offering $500k to $1M to each of its 15 cohort members. Colony Lab, an established Avalanche accelerator, has partnered with Codebase to expand cohort funding.Codebases intensive program leveraging the mentorship of Web2 and Web3 experts culminates in a high-stakes IRL pitch day at Consensus on May 29. There, Codebase companies will pitch prominent Web3 investors.The high-potential, early-stage Avalanche by Codebase projects are: CCX Bridge between CBDCs and stablecoins, opening near-instant access to RWAs in 167+ developing countries The Guild Platform for freelancers and clients that merges social interactions with vocational activities in a Web3 ecosystem Mezzanine Labs Onchain software for incorporating, operating, and governing "Smart Companies" with the power of smart contracts String Technologies Platform reducing the average construction payment cycle from 80+ days to <1 trppn Platform bringing people together at music events and parties, while enabling creators to access a new income streamThe fifteenth and final Codebase company remains in stealth, and will be announced at a later date. Weeks 2 to 9 will bring digital discussions and workshops, providing the training, resources, and collaboration to help cultivate cohort members into extraordinary founders and preparing them for pitch day.Colony Labs participation in Codebase will prove vital to the program. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.