Applications will be accepted until November 30th for consideration. On October 26, Solana Labs presented a brand-new incubation programme for project creation on the Solana blockchain. The programme, dubbed “Solana Incubator,” would provide finance, development, networking, and marketing assistance to online and blockchain startups wishing to build on Solana’s platform.
The Solana Incubator is accepting applications until November 30. Those who are approved are said to receive assistance from the Solana Labs team and its partners during the development, marketing, and launch phases of their initiatives.
“As part of the Incubator program, we aim to remove the biggest obstacles founders face, including those related to Web3 integrations and fundraising, so that they can focus on what they do best: solving the problems of their users,” says Emon Motamedi, Product Manager at Solana Labs. We think that by giving founders with the resources they need to thrive, we will not only introduce more sustainable enterprises to the Solana ecosystem, but will also contribute to the growth of the Web3 industry as a whole.”
Motamedi’s comments were made public in an Oct. 26 press release. “Additionally,” according to the blog post, “the programme is designed to provide teams with exposure to top VCs in the Solana Labs network to help these start-ups enhance their liquidity.”
In related news, Marinade Finance, the Solana blockchain’s largest decentralised finance (DeFi) network, is now barring new signups from anyone in the United Kingdom. According to Cointelegraph, a statement on the Marinade Finance website greeting U.K. users states that the user block is in reaction to “compliance concerns relating to rules and regulations promulgated by the U.K. Finance Conduct Authority.”
The Financial Conduct Authority of the United Kingdom released a notice on September 9 stating that new rules impacting crypto asset enterprises would go into effect on October 8, with a compliance deadline of January 8, 2019. Several outlets have already withdrawn items and services from the UK market.