Delphi Labs, the organization that provides assistance to digital currency projects and networks, recently raised $13.5 million during a financing round headed by P2P, the creator of liquid staking provider Lido. Jump Crypto, an investment firm, also took part in the financing. The funds will be employed for launching an accelerator geared to help support the growth of Web3 projects. It is the first time that Delphi Labs has sought outside investments.

In the platform's blog, posted on their website, the Delphi team wrote that they have been providing advice, investments and assistance in projects related to digital currency for the past six years and know the hardship involved in launching a cryptocurrency venture. This accelerator promises to provide $200,000 to each project, and a period of guidance ranging from four to six months. This valuable knowledge and advice will include product advancement, legal help, and go-to-market plans.

Delphi Labs plans to escalate year by year, focusing on one particular Web3 ecosystem each time in order to best support the projects. While the first cohort focuses on the Cosmos project, cohorts to come will be revealed in the future.

The P2P founder, Konstantin Lomashuk, has expressed his confidence in the ability of the accelerator to provide the necessary services for Web3 projects. He believes that the members of the platform are well-equipped with knowledge relating to tokenomics, decentralized protocol formation and technology stacks and could not imagine a better platform to launch a digital currency venture.



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