Google Cloud Joins the Cronos Labs Accelerator Program as a Sponsor to support AI-Enabled Web3 Innovation

Cronos Labs, a blockchain startup accelerator that focuses on decentralized finance, Web3 games, social applications, and on the development of the Cronos blockchain’s ecosystem, will collaborate with Google Cloud to enhance its Accelerator Program and provide startups with resources to develop innovative AI-enabled Web3 applications within the Cronos ecosystem.

As part of the collaboration, Google Cloud will offer Google Cloud credits to projects that are part of the Accelerator Program, enabling startups to leverage Google Cloud’s services, products, and infrastructure to build, test, and deploy their Web3 applications. The Cronos Labs Accelerator Program will also leverage Google Cloud’s AI expertise to host AI workshops and provide mentorship to participating startups with guidance on how to leverage AI in their dApp development, helping them to build smarter, more efficient, and more scalable applications.

"We are thrilled to work with Google Cloud for our Accelerator Program and emphasize our focus on AI-enabled Web3 development," said Ken Timsit, Head of Cronos Labs. "This collaboration will provide participating startups with access to world-class cloud infrastructure and resources needed to develop cutting-edge Web3 applications. The AI workshop and mentorship will also provide valuable insights into leveraging AI in dApp development, which will help startups build smarter and more efficient applications."

"Innovation is critical in Web3, we look forward to working with Cronos Labs and the startups in their Accelerator Program by providing the technology, support, and community to help them build and scale decentralized apps, Web3 tooling, services and more,” said Rishi Ramchandani, Web3 Lead, Google Cloud Asia Pacific.

Cronos Labs' Accelerator Program focuses on priority verticals of DeFi, GameFi, SocialFi, and Infrastructure, and selected projects will receive upfront seed funding of US$30,000 and have the chance to secure up to US$300K in further seed funding from Cronos Labs and its partners.

The second cohort of the three-month Cronos Labs' Accelerator Program kicked off on 15 May 2023. Projects are carefully selected based on the criteria of market potential, the experience of the leadership team, market fit, and synergies with the Cronos chain.

About Cronos Chain

Cronos (cronos.org) is the first EVM-compatible Layer-1 blockchain network built on the Cosmos SDK, supported by Crypto.com, Crypto.org and more than 500 app developers and partners.

Cronos is building an open ecosystem where developers can create their own DeFi and GameFi applications, targeting a base of 80+ million users globally. In June 2022, Cronos Labs launched a $100M Accelerator Program to help developers build new projects and the future of Web3 within the Cronos ecosystem.

When developers build on Cronos, they can leverage all Ethereum developer tools (i.e. Solidity, Truffle, Hardhat, OpenZeppelin, Web3.js, ethers.js, ChainSafe Gaming SDK); leading crypto wallets (i.e. MetaMask, Crypto.com Defi Wallet, Trust Wallet); wrapped versions of the world’s top 50 cryptocurrencies; Cronos Play, a suite of developer tools for Unity, C++ and Unreal engine; inter-blockchain communication (IBC) cross-chain connectivity to Cosmos chains; and a rich ecosystem of composable DeFi and GameFi dApps.