By
Chimamanda U. Martha
March 28th, 2024
With the new cohort scheduled for spring 2024, a16z has opened applications for interested projects to pitch for the next batch in the Fall.
a16z Crypto, the blockchain arm of the leading venture capital firm Andreessen Horowitz (a16z), has announced the launch of its startup accelerator program (CSX) for spring 2024. The event, scheduled to take place in London this week, will have 25 crypto projects in attendance.
The company’s CSX is a 10-week program designed to empower startup companies building promising projects on the Web3 ecosystem.
25 Crypto Projects Selected to Partake in CSX
For this year’s program, a16z Crypto revealed that it received proposals from different founders from across the world during the application period. The applicants came from Israel, Japan, Poland, Romania, Switzerland, the United Arab Emirates, the United Kingdom, and the United States.
Out of these applications, the company has selected 25 projects to benefit from the CSX. One of the projects selected to participate in the event is AminoChain, a decentralized finance platform that allows users to buy and sell bio-sample products.
Other projects include Collar Network, Compass Labs, Hungry Cats Studios, MagicBox, NEBRA Labs, Nosh, OpenLayer, and PlayMint. These crypto platforms offer services such as food delivery, building investment banks for the future, and providing a framework for on-chain gaming on different blockchains.
During the 10-week event, the selected projects will have the opportunity to learn and receive mentorship from industry leaders and experts on scaling their business offerings.
Additionally, a16z Crypto said they will have access to the company’s digital assets team and resources.
“Over 10 weeks, they’ll learn from each other, receive guidance and resources from the a16z crypto team, speed up their path to product-market fit, and set themselves up for long-term growth and success,” the company said.
a16z Crypto Opens Application for Accelerator Program in Fall
With the new cohort scheduled for spring 2024, the company has opened applications for interested projects to pitch for the next batch in the Fall.
a16z Crypto started the CSX program in 2020 in San Francisco. The second program was conducted last year in Los Angeles in 2023.
The company seeks to help accelerate the growth of the crypto ecosystem by providing new entrants with the knowledge and resources needed to survive the market. It has also invested in other projects in the past, including Lido, Mysten Labs, and LayerZero.
Aside from the cohorts, a16z Crypto has made other contributions to the emerging economy.
Earlier this month, the company led a funding round for Espresso, a leading specialist in the emerging blockchain field of “shared sequencing.” The crypto investment firm contributed a total of $28 million alongside other investors in a series B round for the blockchain platform.
In February, the company led another series B funding round for EigenLayer, an Ethereum staking protocol.