DFINITY Launches Olympus, Revolutionizing Web3 Innovation with Decentralized Global Acceleration

The DFINITY Foundation, a Swiss research and development organization, announces the launch of Olympus Acceleration Platform, web3's first decentralized, on-chain global acceleration platform. Olympus supports web3 technology development and adoption across ecosystems, providing access to grants, crowdfunding, VC investments, and referrals. Designed for a new cycle of web3 product launches, Olympus offers a consolidated platform for open and sustainable project acceleration. Unlike traditional accelerator programs, Olympus uses an Open Stake model enabling permissionless ecosystem inclusivity and unlimited integrations. The platform is funded by the existing $20 million allocated for the ICP Asia Alliance and will transition into a decentralized autonomous organization by the end of 2024.

DFINITY Launches Olympus, the First Decentralized Global Acceleration Platform for Web3 Innovation

Zurich, Switzerland (April 9th, 2024) - The DFINITY Foundation, a leading Swiss non-profit research and development organization, and a major contributor to the Internet Computer Blockchain (ICP), has officially launched Olympus, the first decentralized, on-chain global acceleration platform for web3 development. This transformative platform serves as a catalyst for the growth and adoption of web3 technologies across multiple ecosystems, empowering teams worldwide to launch and scale their transformative projects.

Empowering a Web3 Future

Olympus is designed to revolutionize the way web3 projects are incubated and accelerated. Its decentralized nature and open ecosystem enable projects to access a comprehensive suite of resources, including grants, crowdfunding opportunities, venture capital investments, and mentorship, all in one seamless on-chain environment.

By providing a centralized platform, Olympus serves as a pipeline for the world's most promising web3 projects, connecting them with investors, mentors, and users from over 40 countries. This global reach ensures that exceptional projects receive the support and visibility they need to thrive.

Decentralization and Sustainability

Unlike traditional accelerator programs, which are often permissioned and operate in silos, Olympus embraces an open-stake model. This innovative approach allows projects, mentors, and investors to interact freely, fostering inclusivity and unlimited integrations.

To ensure platform sustainability and independence, Olympus will transition into a decentralized autonomous organization (DAO) by the end of 2024. This ensures that the platform's long-term growth is driven by its community, with token holders benefiting from the platform's success.

Multi-Chain Infrastructure

Olympus leverages multi-chain infrastructure, enabling projects to unlock capital and users at scale through early crowdfunding. This blockchain-agnostic approach allows projects to reach a wider audience and access a broader pool of resources.

On-Chain Verification

Olympus introduces a novel on-chain verification mechanism for key project growth metrics. This, combined with the platform's trustless perpetual rating loop, enables community members, investors, mentors, and users to provide ratings and testimonials, creating a credible and transparent marketplace.

Strategic Partnerships and Support

The launch of Olympus is supported by a formidable network of partners and supporters, including Web3Labs, a blockchain incubation accelerator and investment firm. Web3Labs joins the ICP Asia Alliance, a strategic collaboration founded by DFINITY to foster blockchain innovation in Asia.

Leading venture capital investors, including Fenbushi Capital, Softbank Vision Fund, and NewTribe Capital, have committed to participate as mentors in the accelerator cohorts, providing valuable insights and access to investment opportunities.

A Call for Innovation

DFINITY Foundation's Dominic Williams, the visionary founder and chief scientist, expressed his enthusiasm for Olympus, stating: "Olympus embodies the principles of decentralization, innovation, and entrepreneurship. We believe it will ignite the next generation of web3 projects on the Internet Computer and beyond. By creating a global platform for all, we unite talent, projects, investors, and mentors, shaping a credible and trustless marketplace that offers equal opportunity and access."

Founders and developers are invited to submit their projects to Olympus to join this groundbreaking acceleration program.

About DFINITY Foundation

The DFINITY Foundation is a non-profit organization dedicated to advancing the frontiers of distributed computing and cryptography. With a team of renowned researchers and experts, DFINITY has made significant contributions to the blockchain industry. The foundation is headquartered in Zurich, Switzerland, with a research center in San Francisco.

Driven by the mission of decentralizing cloud computing, DFINITY is the visionary force behind the Internet Computer, a groundbreaking network that enables the creation of scalable and secure decentralized applications. As a major contributor to the ICP network, DFINITY continues to drive innovation and shape the future of web3.

Media Contact

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