The Algorand Foundation, the research body behind smart contract protocol Algorand, has selected 11 startups out of 200 applications for the first edition of their European accelerator program.
The program will run for 12 weeks until late April. Each participant receives a mix of cash and services in seed funding from blockchain fund Borderless Capital. As part of the program, successful initiatives will be eligible for up to $500,000 in follow-up investment from both Borderless Capital and Eterna Capital.
ArtSquare joins the program with the vision of leveraging all the new features of Algorand 2.0, including Algorand Standard Assets (ASA) issued on Algorand Layer 1 protocol.