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Unicorn News: The Latest in Digital Assets: Beacon Launches Largest Web3 Accelerator Cohort

September 14, 2024

Unicorn News: The Latest in Digital Assets - September 14, 2024

Beacon has initiated its fourth Web3 accelerator program, featuring its largest cohort yet with 17 companies from various sectors. Additionally, Spanish crypto exchange Bit2Me secures a license in Argentina as a virtual asset service provider, aligning with local regulatory standards.

( 00:00:00 ) Introduction

( 00:00:35 ) Beacon Launches Its Fourth Web3 Accelerator Program, The Largest Cohort Yet

( 00:01:19 ) Spanish Crypto Exchange Bit2Me Obtains License in Argentina as a Virtual Asset Service Provider

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Beacon has launched its fourth biannual three-month web3 accelerator program on September 13, 2024, marking its largest cohort to date with 17 companies from various web3 sectors including AI, DeFi, and infrastructure. Notable participants in this cohort include EXO, Nubit, Stakestone, Aligned Layer, eoracle, Avantis, Compute Labs, Crynux, EZKL, Lorenzo, Nodekit, Othentic, PADO, Pallet, TAC, Warlock, and Pin Ai. Aligned Layer has already raised $20 million in Series A funding, while Nubit has secured $12 million in Series A funding. Sandeep Nailwal, Co-Founder of Polygon and Beacon, expressed enthusiasm about the new cohort's potential to shape the future of web3. Additionally, Spanish crypto exchange Bit2Me has received approval as a virtual asset service provider from Argentina's National Securities Commission (CNV) on the same day. This approval aligns Bit2Me with local regulatory standards, boosting confidence among investors and Argentine financial institutions. The CNV's registry, which opened in March, now includes 79 approved virtual asset service providers, underscoring Bit2Me's commitment to adhering to local regulations and enhancing trust within the Argentine market.

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