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The DFINITY Foundation (DFINITY), a Swiss not-for-profit research and development organization and key contributor to the Internet Computer Protocol (ICP) blockchain, has announced the launch of the Olympus, the first decentralized, on-chain global acceleration platform.
Olympus provides a consolidated platform for launching Web3 products by providing grants, crowdfunding, VC investments, and networking opportunities all on-chain. The platform serves as a global ecosystem connector for over 40 countries, facilitating project applications, funding, talent acquisition, and cross-community interactions. It also promotes a transparent investment environment, giving investors early access to vetted projects.
Olympus’s initial operations are supported by a $15 million grant from DFINITY and the ICP Asia Alliance, which will operate the first series of Web3 startup accelerator programs. Within this framework, ISLA Camp (ICP Hub Philippines) will lead these efforts locally, spearheading the acceleration programs within the country to nurture and develop Filipino-led Web3 projects.
“Magandang oportunidad ang Olympus para makilala ang Filipino Web3 projects and entrepreneurs sa global stage. [Olympus opens global opportunities for Filipino projects and entrepreneurs.] Our focus at ISLA Camp (ICP Hub Philippines) is to identify, nurture, and propel high-potential Filipino Web3 projects onto the global stage,” said Nelson Lumbres, Co-founder of ISLA Camp (ICP Hub Philippines).
Filipino Web3 startups and entrepreneurs who will participate in Olympus will have access to mentorship and deal flows from top venture capital investors including Fenbushi Capital, Fundamental Labs, Softbank Vision Fund, NewTribe Capital, Cypher Capital, Bitcoin Frontier Fund, Summer Ventures, L2IV, Dext Force Ventures, Leadblock Partners, viaBTC Capital, Cipholio Ventures, Chiron Group, 3X Capital, Plutus.VC, and others.
“The Olympus acceleration platform promotes decentralization, innovation, and entrepreneurship. We’re all looking forward to witnessing the growth of the next generation of projects on the Internet Computer and other ecosystems through Olympus,” said Dominic Williams, Founder and Chief Scientist of the DFINITY Foundation, in a statement.
By the end of 2024, Olympus will transition into a decentralized autonomous organization (DAO). To ensure its independence and sustainability, it will be funded through a native token generation event (TGE) followed by community-led fundraising, enabling all stakeholders to participate in the platform’s success.
Founders and developers wishing to participate in Olympus can submit their projects to the website www.dfinity.org.
ABOUT ICP HUB PHILIPPINES
ICP Hub Philippines is a non-profit organization that aims to promote the adoption of Internet Computer Protocol (ICP) in the Philippines. ICP is a new blockchain technology that offers many advantages over traditional blockchains, including scalability, security, and performance. ICP Hub Philippines provides various resources and services to help people learn about and use ICP, including educational content, workshops, and events. Learn more: https://internetcomputer.org/
Socials:
Twitter – https://twitter.com/icphub_PH
Facebook – https://www.facebook.com/ICPHubPH/
LinkedIn – https://www.linkedin.com/in/nelsonlumbres/
Medium – https://medium.com/@ICPHubPH
YouTube – http://www.youtube.com/@ICPHubPH
ABOUT DFINITY FOUNDATION
The DFINITY Foundation is a not-for-profit organization of leading cryptographers, computer scientists and experts in distributed computing. The DFINITY Foundation boasts the largest R&D operations in the blockchain industry with many employees coming from IBM Research and Google. The DFINITY Foundation employees have published papers 1600+ and 250+ patents. The Foundation is headquartered in Zurich, with a research center also in San Francisco. With a mission to shift cloud computing into a fully decentralized state, the Foundation leveraged its experience to create the Internet Computer and currently operates as a major contributor to the network.
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