Stone Ridge Holdings Group, the parent company of NYDIG, a provider of financial services and technology solutions for bitcoin (quotation BTC), launched Wolf, an "accelerator" for projects or startups dedicated to the development of initiatives on the Bitcoin Lightning network.
As stated in a press release, Wolf, based in New York, USA, intends to recruit representatives and founders of companies from around the world, who will live together for eight consecutive weeks to develop projects on Lightning.
Wolf makes it clear on his website that these are three eight-week programs to be held in New York. All are scheduled for next year, with the first taking place from April 3 to May 26. For this, applications will be open until December 31, 2022.
The next program will run from July 17, 2023 to September 6, and the last from October 16 to December 6 next year.
The programs will be hosted and led by investors from Stone Ridge and NYDIG, as well as "experts in Bitcoin, Lightning, Taro, cryptocurrency, regulation, marketing, branding, finance, operations and more," Wolf notes.
Stone Ridge is an asset management firm founded in 2012, which currently has about $ 10 billion under management, according to Everipedia. It is a favorable institution for BTC, so much so that in 2020 it bought at least 10.000 coins.
Transportation and accommodation in New York paid for
Ross Stevens, founder and CEO of Stone Ridge and founder and executive president of Wolf, said in a video shared on Twitter that this year the development of Bitcoin and Lightning "has been incredible", and that the accelerator is focused exclusively on the network. of micropayments seeks precisely the scalability of projects.
For this reason, the executive invites developers and innovators to apply for a position in the company, ensuring that his company will pay for transportation and accommodation in New York for the eight-week program.
According to the official website, Wolf's accepted developers and innovators will receive a guaranteed direct investment of $ 250.000. Winners of each program will receive an additional US $ 500.000.
“Every so often comes a technological innovation that changes everything,” said Stevens, who insisted that anyone with a passion for Lighting can choose to join the company he directs.
Wolf's website reads that it accepts applications from individual developers and small teams, with ideas or projects at an early stage, "up to those ready for a Series A funding round."
