Meet The Top-6 Winners of PolygonLEAP - Web3 Accelerator Program

The final 6 will win from a pool of $250K by Polygon along with ecosystem support 

PolygonLEAP, a global Web3 accelerator program launched by Polygon, leading Web3 unicorn and Lumos Labs, Web3 innovation enabler, announced its top 6 finalist projects, Airchains (Previously Vayupankh.io), respct.club , Deefy, Spheron, Zoksh (Previously MooPay), and Zippy Fitness, that stand to gain from a grant pool of $250,000, today. The winners will also receive ecosystem and marketing support in addition to the expert mentorship provided to them during the course of this accelerator.

Despite the ongoing market conditions, the Web3 ecosystem has been bullish towards the innovations driven by this disruptive technology. According to CB Insights, the first quarter of 2022 saw blockchain funding hitting a record $9.2 billion in its seventh consecutive quarter, which is a testament to the buoyant sentiments of expert investors who recognize this sector’s potential to keep churning out ingenious real-world solutions.

Meet the innovative top 6 Web3 solutions of PolygonLEAP -

1.  Airchains (Previously Vayupankh.io)- A toolset to “build, deploy, and grow dApps”
2. Respct.club -Social Gaming experience for web3
3. Deefy - Renting, lending, and BNPL infrastructure for NFTs
4. Spheron - A next-generation solution to host apps permanently
5. Zoksh (Previously MooPay)- A no-code, non-custodial, multi-chain payment gateway
6. Zippy Fitness - A borderless metaverse for runners to run, train, and communicate

Launched in December of 2021, the accelerator is supported by incubation partner Buidlers Tribe and investment partners from leading global web3 venture capital firms including, CoinDCX, Digital Finance Group, Elevation Capital, Hashed, Jsquare, Jump Capital, Lightspeed, Picus Capital, Sino Global Capital, and Woodstock Fund. It received over 270 global applicants and released its first shortlist of 31 startups for the Bootcamp phase in March of this year. 

The Bootcamp phase consisted of the selected startups building their visionary solutions across several tracks, with the entertainment sector leading the race along with others, namely - gaming, payments, Metaverse, NFTs, etc. Further, leading industry experts held frequent mentor sessions along with several meetups and workshops over the 3 months that helped these solutions scale up.

"Opportunities in Web3 are fueling innovation! I believe that projects that emerge through programs like PolygonLEAP have a true potential to solve difficult real world problems and become successful businesses of tomorrow. The top projects of this accelerator have promise and a vision that can expand greatly. Polygon is determined to support builders on their journey to creating key Web3 innovations." Dalip Tyagi, our Senior VP of Developer Relations, Polygon.

“The Web3 ecosystem has been hailed for the solutions that have disrupted multiple sectors and is still showing growth with new cutting-edge technologies still being discovered. We are glad to have supported a few of them through the PolygonLEAP accelerator. The startups showcased inventive solutions and we congratulate the top 3 winners and hope to support them in their future endeavors with the right guidance and mentorship. ” Kaavya Prasad, Founder, Lumos Labs

Lumos Labs Launches the Largest Global Hackathon, #BUIDL for Web3 Hack 2022

Lumos Labs, a Web3 innovation enabler building a developer centric Metaverse announced the launch of the largest global hackathon - the #Buidl for Web3 Hackathon today. Supporting developers who want to start their Web3 journey, build innovative solutions, network with leading Web3 experts, and win prizes from the pool of $100,000+, #BUIDL for Web3 aims to redefine and provide impetus to the Web3 adoption among developers.

Presented by Lumos Labs, this Hackathon caters to developers across all levels of proficiency and is set to be the largest global hackathon focussing on capturing 10k+ developers globally. Being chain-agnostic, it will further equip participating developers and startups with the flexibility to build on chains of their choice and will allow them an opportunity to win additional grants from the sponsors by presenting their solutions on the respective use cases.

Having some of the best platforms in theWeb3 space on boarded as sponsors, such as Polygon, Aeternity, Dfinity as Track Sponsors and , Tezos, Arcana Network, Fluence Network, Router Protocol, Revise Network, Komet, Assetmantle and Tatum as Associate Sponsors along with Knowledge partners IEEE Blockchain and IEEE Standards Association, this 2 months long program Hackathon will be open to solutions from a variety of diverse tracks like DeFi, NFT, Entertainment, Developer Tooling and infrastructure, sustainability-based solutions, governance and DAOs.

To further augment dev-tool support and enhance global reach, #BUIDL for Web3 has also onboarded several Web3 technology platforms and incubators as partners, namely- Buildspace, Developer DAO, BuildlersTribe, The Phoenix Guild, Questbook, Blockchain Nigeria User Group, Webx DAO, Web3 Conf, CryptoDev Hub, Web3learn , Web3 Bharat, The Product House, Truts, Vanderbilt University, Penn Blockchain, Blockchain San Diago,and OGClubDAO. Through these holistic partnerships, #BUIDL for Web3 aims to provide a wholesome and diverse environment to nurture innovations within the vast developer talent it aims to foster.

“Lumos Labs has always been a frontrunner to guiding students, professionals and enthusiasts towards the extensive potential of blockchain technology. Through multiple accelerator and hackathon programs, mentorship and training, we have cultivated a massive Web3 developer pool and now, are building a metaverse in order to help these developers expand their horizons. The #BUIDL for Web3 Hackathon is going to be a massive step forward in the right direction. We heartily invite the next generation of blockchain builders and leaders to be a part of this revolution.” - Kaavya Prasad, Founder, Lumos Labs.

‌While more than 34,000 new developers contributed code to web3 projects in 2021, it only represents a small segment of the total number of software engineers globally, according to a report by Electric Capital , a venture capital ‌firm‌ ‌that‌ ‌invests‌ ‌in‌ ‌web3‌ ‌startups. Hackathons and Accelerator programs like these help in strengthening and upskilling the developer pool of the rapidly growing Web3 space. Metaverse is also playing a promising role in this. Several Web3 players are building a metaverse for developers, where they can explore freely, grab global Web3 opportunities and enhance their abilities as a Web3 developer.

After associating with multiple hackathons and accelerator programs, Lumos Labs connects with the developer community at a grassroot level, understands the hindrances faced by them and has built a strong developer base of 60K so far. Determined to promote and increase the foundations of this technology further, Lumos Labs has launched this hackathon to scale and nurture developers who want to explore the edges of web3 innovation.

Registration is open for developers and enthusiasts across the world. For more details on the #Buidl for Web3 Hackathon, visit ourwebsite.

To register for the Hackathon, Click Here

To know more about Lumos Labs and its Metaverse, visit our website

Lumos Labs Launches the Hatch Web3 Accelerator for Hedera to Strengthen the Indian Web3 Community

• The accelerator will host two cohorts, extending over five months each, giving startups double the opportunity to be a part of the initiative
• Finalists of each cohort will share a grant of up to US $150,000 along with expert mentorship, go-to-market support and access to the global web3 network from the HBAR Foundation along with technology partner AWS, enterprise partner PwC and VC partners WeFounderCircle, Woodstock Fund, Fracton Ventures, Mapleblock and CoinDCX

Lumos Labs, an innovation management firm in India, today announced the launch of The Hatch Web3 Accelerator for Hedera, inviting Indian Web 3 startups to grow at scale with Hedera’s distributed ledger services.

Launched in partnership with The HBAR Foundation, which supports the creation of Web3 communities built on the Hedera network, the accelerator program will comprise of two cohorts of five months each and aim to encourage and empower innovators in the Web 3.0 space to scale their blockchain and distributed ledger solutions, and to augment awareness and adoption of Hedera technology within the Indian developer community. Finalists from each cohort will be eligible to receive grants from a pool of US $150,000 each from the HBAR Foundation, along with mentorship and go-to-market guidance.

Shortlisted solutions will enter a bootcamp phase during the program. The winners will receive mentorship from the industry leaders along with integration and technology support. ‌By participating in the Accelerator, developers and founders can build and scale applications that leverage Hedera's speed, security, scalability, and finality, while establishing connections with like-minded people and leading IT experts.

The Accelerator participants will also receive expertise and web development support from Amazon Web Services (AWS) and expertise in legal aspects of starting up as a Web3 company, understanding the nuances in taxation and auditing for Web3 startups from PwC. The startups will also receive network access and potential funding grants from VC partners We Founder Circle, Woodstock Fund, Fracton Ventures, Mapleblock and CoinDCX contingent on their due diligence process and investment thesis fit.

“India has become the third-largest startup ecosystem in the world after the US and China,” said Rob Allen, SVP, Ecosystem Acceleration, at the HBAR Foundation “With over 80 startup unicorns in India, most in the tech services sector, the potential of the Indian market is massive. With this accelerator program, alongside partners like AWS and PwC, the HBAR Foundation aims to strongly support the Hedera ecosystem and adoption in India, where organizations and developers have shown a great deal of interest."

The HBAR Foundation supports the creation of Web3 communities built on the Hedera network, by empowering and funding the builders developing these communities. The Foundation’s six funds - focused on the Crypto Economy, Metaverse, Sustainability, Fintech, Privacy, and Female Founders - each support communities within those areas, and the interconnectedness enables applications to participate as part of a larger ecosystem. The collective power of these funds enables entrepreneurs, developers, and enterprises of all sizes to create their own economies in which they control their own assets and identities, all built on the world’s most-used, sustainable, enterprise-grade public ledger for the decentralized economy.

"We are delighted to work with HBAR Foundation on this Accelerator program, to continue to strengthen the startup ecosystem building on Hedera, an initiative that is at the core of our brand's vision. India has been a global blockchain startup hub in recent years and has been positive about the potential of this technology. This initiative is focussed on overcoming the barrier that startups come across in their journey and we are excited to be a part of this.” added Kaavya Prasad, Founder, Lumos Labs.

Registration is open for developers and enthusiasts across India. For more details on the Hatch Web3 Accelerator for Hedera and its registration process, visit our website.

To Register, Apply here

CUDOS Announces Top-3 Winners of Hack-a-Nauts Hackathon Who'll Receive Grants from Pool of $50K

Top 3 teams MySpace, Debook, Digital Verse presented their Web3.0 projects to the judges panel of CUDOS Hack-a-nauts hackathon launched in partnership with Lumos Labs in order to receive prizes from $50,000.

After several months of active participation from over 1000 registrations, Cudos Hack-a-nauts, a Hackathon launched by CUDOS network - a next-generation decentralized cloud platform, in partnership with Lumos Labs - leading experts in running blockchain-based open innovation programmes in India, announced its top 3 solutions that stand to win grants from a pool of $50,000.

Cudos Hack-a-nauts was launched to introduce developers to Cudos' robust computing infrastructure enabling them to innovate decentralized solutions built on the Cudos network. The hackathon saw various Web3 ideas across different tracks such as Gaming, NFTs, Distributed Computing platforms, and DeFi, with the potential to provide users with solutions to the real world complications.

The final demo day of the Hackathon saw 3 ingenious teams pitching their unique Web3.0 solutions LIVE. The top 3 projects were ranked in the respective order-

1. MySpace3.0: A Metaverse NFT-based personalized space creation platform
2. Debook: A decentralized ticketing platform on the CUDOS blockchain.
3. Digital Verse Solution: An NFT marketplace of digital faces with Cudos platform for AI video generation.

"The amount of participation and the solutions these teams presented during the Cudos Hack-a-nauts hackathon have given us insight into the Indian developer ecosystem. This hackathon has made us even more determined towards exploring this developer pool further and we hope to do it soon. I hope that the projects selected continue to work on their solutions and strive for providing more robust and effective solutions to the ecosystem." - Matt Hawkins, CEO and Founder, CUDOS

"With the CUDOS Hack-a-nauts hackathon, we challenged the developer community in India to build on a unique platform. ‌Throughout the hackathon, we equipped them with the right knowledge, resources, ongoing support, and guidance to developers who are excited about creating decentralized smart devices. ‌Hopefully, the winners of this Hackathon will scale up further and optimize various ‌sectors. ‌ Organizing more such innovative learning experiences for the vast Indian developer pool and helping them develop more visionary ideas into robust solutions is a goal we look forward to." said Kaavya Prasad, Co-founder, Lumos Labs.

CUDOS is a layer two computation and oracle network that is focused on bridging the gap between blockchain and cloud computing. Its mission is to connect various blockchain developers and the decentralized sector to the global computing space in an environmentally sustainable, efficient, and cost-effective manner. Furthermore, in order to strengthen its community, Cudos also has an ambassador program, Cudos Ranger. Through this program, the various ambassadors will be entitled to monetary benefits of up to $2000 monthly and other rewards, in addition to exclusive access to Ranger channels and more. There are various categories of rangers namely, Developer, Security, Social, Creative and Omni Ranger performing different functions and entitled to diverse incentives. For more information visit to their website CUDOS Rangers Program.

About CUDOS:

The Cudos Network is a layer 2 oracle network, governed by smart contracts, connecting blockchain developers and services including DeFi, to a global footprint of computing power on the Cudos Network. The Cudos Network is a distributed computing platform already providing customers around the World with up to 10x more cost effective computing, whilst also providing more equity for hardware owners.

For more details, visit: https://www.cudos.org/

About Lumos Labs:

Lumos Labs is a Singapore based innovation management firm that specialises in running technology open innovation programs. Founded in 2018, the company has run several accelerators and open innovation programs for multiple Indian and international technology firms, corporates, governments and investment firms. Their services include Growth Services, Open Innovation, Start-up Enablement, and organizing large scale developer & technology conferences & hackathons. Their clients include Aeternity Starfleet Blockchain startup accelerator, T-block blockchain startup accelerator, Genesis Hack - A Blockchain Hackathon, Binance Build for Bharat Accelerator

For more details, visit - https://www.lumoslabs.co/

Lumos Labs Raises $1.1 Mn in Seed for a Developer-centric Metaverse

Lumos Labs Team

The Lumos metaverse platform to provide an experiential platform with aggregated web 3.0 opportunities to learn, earn and collaborate for developers.

Funding round lead by Delta Blockchain Fund, including leading global VCs including Next Web Capital, Arcanum, AG Build, Paradigm Shift, Superblock among others

Lumos Labs, previously an innovation management firm with expertise in running over 45 technology-focussed open innovation programs, today, announced the launch of a developer-centric Metaverse platform where developers can learn, earn and explore developer-centric opportunities after raising over $1.1 Million in a seed round. Having curated a strong community of 60K developers, Lumos Labs will now aim to create a unified builder identity by consolidating Web3.0 opportunities in the experiential format of a metaverse platform.

The seed round was led by Global Web3 venture fund Delta Blockchain Fund, and includes funding from leading VCs- Superblock, Next Web Capital, Arcanum Capital, AG Build, Paradigm Shift Capital and multiple eminent angel investors from the Web3 ecosystem.

The Web3 space is driving the next wave of innovation with the Global Blockchain Market expected to grow at a rate of 45 percent to reach USD 34 billion by 2026. The two big roadblocks that the ecosystem faces in its growth trajectory includes the availability of proficient Web3 developers and the need for an organized, chain agnostic platform to aggregate and allow developers to upskill.

The Lumos Metaverse addresses this pertinent challenge for developers by bringing all the leading players in the Web3 ecosystem under one umbrella in the metaverse platform allowing developers to explore different opportunities from these chains and foundations, and leverage their different programs to hone their Web3 skills. Effectively this creates a win-win for both entities in the ecosystem by building a shared community of Web3 developers to help chains and foundations with their developer relations. This metaverse creates a world where developers can interact, engage, build, and work within one holistic system.

A one of a kind developer-focused virtual platform, this world will provide an interactive and intuitive environment that enables the growth of developers and founders in the Web3 ecosystem. With this Metaverse, developers will discover various Web3 opportunities to facilitate their easy entry into blockchain technology.

 Kaavya Prasad, Founder, Lumos Labs

“Lumos Labs was built with a vision of bringing blockchain technology to the forefront for developers and founders and over the years, we have run multiple programs with over 40 Web3 partners while building a strong community of developers to achieve that goal. With the transition to the Metaverse, we are now striving further to strengthen and enable Web3 developers as they access several global opportunities, incentives, and knowledge on a single dedicated platform.” said Kaavya Prasad, Founder, Lumos Labs.

"The Web3 space is growing exponentially and the biggest bottleneck is the lack of qualified developers across various L1 and L2ecosystems. The incredible work by Lumos Labs in identifying the imbalance in the demand and supply of developers in this ecosystem is what attracted us towards them. Delta blockchain fund is excited to join hands with Kaavya and the team as they take the leap to build a developer focussed metaverse that aims to upskill and organise this fragmented market with an unmatchable experience for developers from learning, building communities and finding their purpose with a unique experience in Lumos’s Metaverse.” Kavita Gupta, Founder, Delta Blockchain Fund added.

The Metaverse will be an interactive platform for budding developers, entrepreneurs, and Web3 firms that will facilitate authenticated developer profiles, Web3 learning and hiring opportunities and will provide frequent incentives to developers as they upgrade their skills.

To learn more and stay updated with this virtual world, visit: https://www.lumoslabs.co/

About Lumos Labs:

Lumos Labs is building a metaverse for builders and Web3 ecosystem enablers to share opportunities to build and scale-up. With a track record for aiding Web3 adoption among developer communities with programmes since 2018, Lumos Labs has built a strong developer community of 60K developers and is focused on elevating their Web3 journeys.

Telangana Govt, Coinswitch and Lumos Labs Shortlist 14 Web3 Startups for India Blockchain Accelerator

The India Blockchain Accelerator has shortlisted 14 early-stage Web3 startups for the final evaluation round for its first-ever mentorship and financing program. Launched in December 2021 as a joint initiative of the Government of Telangana, CoinSwitch, India’s largest Crypto investing app, and Lumos Labs, an innovation management firm, the accelerator provides a $700K grant pool, go-to-market support, and mentorship.

The India Blockchain Accelerator is one of the first state-supported programs aimed at supporting and equipping deep-tech blockchain startups in India, and received over 270 registrations from Indian and global startups. The 14 shortlisted startups will get an opportunity to fine-tune their business idea in the evaluation stage and engage with the Government of Telangana, CoinSwitch and the investment partners.

Five best-rated startups will present their solutions to the investors on the Demo Day to stand a chance at receiving accreditation by the Govt. of Telangana, incubation space, go-to-market support, expert mentorship, and grant from a prize pool of $700K from investment partners Lightspeed and Woodstock Fund, contingent on due diligence and investment thesis fit.

“In line with its vision to be a leader in emerging technologies, the Government of Telangana has taken up several initiatives to develop a conducive ecosystem for the industry in the State. Realizing the potential of Blockchain technology, the government, with industry leaders, hope to provide opportunities to the participating startups to pilot their solution in Telangana so that they can enhance their solution and further contribute to the accelerating Indian technology sector.” Jayesh Ranjan,Principal Secretary, ITE&C and Industries, Govt of Telangana commented.

“We are pleased to announce the shortlist of The India Blockchain Accelerator. Blockchain has immense real-world utility and can solve many of India’s problems, be it in healthcare, infrastructure, logistics or finance. We are honored to support the Government of Telangana’s vision to become the Blockchain Capital of the World and play an active role in building a robust Web3 ecosystem of cutting-edge technologies and companies in India, for the world,” said Ashish Singhal, Co-founder and CEO, CoinSwitch.

“Through the period of this program it has been fascinating to see the spirit of innovation at the very grassroot stage. We are excited for the innovation these fifteen startups have presented and the possibilities that these provide for future solutions to come from this ecosystem.” added Kaavya Prasad, Co-founder, Lumos Labs

Blockchain is fast-emerging as a transformative technology with the potential to reshape businesses and the internet for the better. With India being one of the fastest-growing and digitizing economies, investors are aggressively infusing capital into blockchain and Web3 startups in India. Last year, Indian Crypto and blockchain startups raised over $600 million from global investors, an increase of more than 15 times from the $37 million raised in 2020. Capital and mentorship from proven investors and industry leaders, experts say, can guide India’s deep talent pool to create world-class blockchain solutions in the country and make India a global Web3 hub.

The shortlisted startups are:

1. Whrrl
2. Print2Block
3. Emertech Innovations Pvt. Ltd
4. Blockster Labs Private Limited
5. The-Ally
6. Karpine
7. BirthVenue
8. Autify Network
9. The Indian Art Revolution (TIAR)
10. Eventozo
11. Nibiaa Devices Pvt.Ltd.
12. MentorPlus (M+)
13. Konct
14. NFTready.tech

These startups provide blockchain use-cases in Fintech, Entertainment, Sustainability, Infrastructure and Tooling, Agritech, Logistics, and Healthcare.

The India Blockchain Accelerator was launched in December, 2021 by Lumos Labs, a technology innovation management firm, in partnership with CoinSwitch and the Government of Telangana. The accelerator is further supported by global industry players Nervos Network, Stellar, Streamr, Filecoin, Polygon, Aeternity Blockchain and Neo Protocol as platinum sponsors, investment partners Lightspeed, Woodstock Fund, Jsquare, DFG, Fracton and Brinc, incubation partner Buidlers Tribe, program partners Blockchain District Hyderabad, Guwahati Biotech Park, an Assam government led platform dedicated to accelerating entrepreneurship and technological development in Northeast India, and Microsoft for Startups, and technology partner Sixpep.

About Telangana Blockchain District:

Blockchain district, anchored by the Government of Telangana, brings together different facets of the Blockchain technology realm including Tech companies, research organizations, academic institutions, startups, investors, enablers, and user groups & communities under one umbrella. The collaboration has been encouraged by the Government of Telangana to promote the use of Blockchain technology in the state and to foster the growth of the industry as a whole with IIIT – Hyderabad, Centre for Development of Advanced Computing (CDAC) and Tech Mahindra as the Founding Members too.

For more details, visit - https://blockchaindistrict.telangana.gov.in/

About CoinSwitch

CoinSwitch is on a mission to Make Money Equal for All. India’s largest Crypto investing app and a Great Place to Work, CoinSwitch is creating an ecosystem that simplifies Crypto and is trusted by over 15 million registered users. Founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, and backed by blue chip investors including Andreessen Horowitz (a16z), Tiger Global, Sequoia Capital, Ribbit Capital, Paradigm, and Coinbase Ventures, the company is evolving into a wealth-tech destination for every Indian.

World’s Largest Distributed Computing Network, CUDOS Opens to the Indian Developer Pool With Cudos Hack-a-nauts

Challenging the Indian developers to build a sustainable cloud computing solution with the carbon-neutral Cudos Network

Winners stand a chance to receive $50,000 as well as technical, ecosystem and marketing support

Lumos Labs, leading experts in running blockchain based open innovation programs in India with the support of CUDOS network, a next-generation decentralized cloud platform today announced the launch of CUDOS Hack-a-nauts aimed at empowering and optimizing the blockchain developer pool of India by offering a sustainable and decentralized computing platform.

The three months-long hackathon will be focused on providing a robust computing infrastructure to innovative decentralized solutions by allowing them to build on the Cudos network. CUDOS is a layer two computation and oracle network that is focused on bridging the gap between blockchain and cloud computing. Its mission is to connect various blockchain developers and the decentralized sector to the global computing space in an environmentally sustainable, efficient, and cost-effective manner.

It is evident that cutting edge technologies such as blockchain and cloud computing are revolutionizing the world today. With the digital space expanding rapidly, the sustainability of these technologies for continued long-term growth is a priority. Currently, the cloud computing infrastructure is thriving immensely and the International Data Corporation (IDC) has estimated the global spending on cloud services to surpass $1 trillion by 2024. India alone is expected to surpass $4 billion in spending for cloud services by the end of this year.

But as the space is expanding, there are a few inefficiencies that need to be smoothed out to ensure its optimized development. The traditional cloud computing technology sector is riddled with security risks, opaque administrative processes, expensive cloud services, centralized corporations, large-scale energy consumption and more. The Cudos network, in turn, presents an environment -friendly, decentralized, cost-effective, accessible, and robust cloud computing one-stop solution that will allow its users to circumvent the inefficiencies of the traditional cloud structure.

The three-month-long hackathon will be open to both, new and experienced innovators determined to enhance the blockchain sector with their visionary solutions for multiple pre-defined tracks including NFTs, environment, and efficiency. Furthermore, it will be interspersed with numerous meetups, workshops, mentorship sessions to ensure holistic development of the developers and their startups. The participants of the hackathon will get an opportunity to receive up to $50,000 in CUDOS along with adequate ecosystem support throughout the competition.

"The cloud computing sector has benefitted the world immensely by ensuring the growth and sustainability of various industries and by performing large-scale operations. With the industry developing rapidly, it is essential that we ensure the sustainable growth of the technology. At Cudos network, we are working towards combining two emerging technologies that have revolutionized the world as we see it today, blockchain and cloud computing. Through this hackathon too, we are hoping to provide the ingenious developer ecosystem of India with the right sustainable and decentralized tools to keep enhancing their visions and innovation. We are quite excited for this hackathon and the impactful innovations that will unfold during the course of it." Matt Hawkins, CEO and Founder, CUDOS

“The latest emerging technologies have been driving unprecedented global technological growth which was further accelerated by the pandemic. Technologies like blockchain and cloud computing lead the way to include more innovators and visionaries in the sector. Through the <CUDOS India Hackathon>, we are aiming for the holistic development of these innovators and visionaries while providing them with a platform to support their computing needs in a decentralized and cost-efficient manner. We are hoping to witness ideas and startups that have the potential of scaling globally and aim to support them in their journey with the right tools and right guidance.” Kaavya Prasad, Co-founder, Lumos Labs

The hackathon organized by Lumos Labs, specializes in running open innovation programs in India having worked with multiple key players in the past including Telangana Blockchain District, Near Protocol, Hedera, Filecoin, IoTeX, Binance, Polygon etc.

The registrations to the Hackanauts are open. If you wish to be a part of an efficient decentralized cloud computing network, Register here: https://www.hackanauts.com/

Polygon and Lumos Labs Set Up Polygonleap 2021 Accelerator to Drive Web3 Innovation in India

Lightspeed, Elevation Capital, Woodstock Fund, Jump Capital, Sino Global Capital, and BuidlersTribe join as investor partners and mentors

Winning startups stand to get $250K from Polygon and upto $9M+ from investment partners contingent to their due diligence process and investment thesis fit

Polygon, one of the largest blockchain ecosystems in the world, has partnered with technology innovation management firm Lumos Labs to launch the PolygonLEAP 2021 Accelerator today to drive their initiative to support Indian startups that want to start their Web3 journey, build innovative token economies and get access to mentorship, ecosystem and marketing support. Elevation Capital, Lightspeed, Jump Capital, Woodstock Fund, Sino Global Capital, and Buidlers Tribe join as investment partners and mentors. A total grant amount of $250,000 has been set aside from Polygon for Indian startups that build interesting projects on Polygon. The startups also stand a chance to raise a pre-seed/seed investment of over $9 million+ from Elevation Capital, Lightspeed, Jump Capital, Woodstock Fund and Sino Global Capital. These investments are contingent on the due diligence process and investment thesis fit with refusal rights afforded to both the funds and the founders.

The blockchain ecosystem has expanded rapidly in the last few years and has revolutionized multiple sectors including finance, technology, investments, banking, entertainment. The industry is expected to expand from $3 billion in 2020 to $39.7 billion in 2025 with the Asia region being at the forefront of this emerging technology. The blockchain industry has been the hub of accelerated innovations due to the pandemic and has encouraged the startup sector immensely with new ideas, visions, and solutions constantly emerging.

Despite regulatory ambiguities, India too has witnessed a major boom in the technology adoption that is transforming the country into a hub for Web 3.0 development. The emergence of Polygon, a company born out of India, as the go-to scaling solution for Ethereum is one of the reasons to be bullish about India's potential. Polygon is focussed on giving back to the community and building Web3 unicorns in India.

"Polygon seeks to empower Web3 developers by providing an accessible and scalable infrastructure. We look forward to working with Lumos Labs and inviting passionate innovators in India to build on Polygon", Sandeep Nailwal, Co-founder, Polygon.

“We are excited to onboard web 3.0 startups and enhance these solutions further with expert guidance and support in partnership with the PolygonLEAP 2021 Accelerator. Blockchain technology has been transformative for the global and Indian tech ecosystem and through this accelerator, Polygon and Lumos Labs are working towards empowering the startups even further. We hope to see a lot of web 2.0 startups looking to come into web 3.0 with numerous innovative and robust solutions and hope to support them till the end.” Kaavya Prasad, Co-founder, Lumos Labs

The registrations are open as of today until February 4, 2022. This accelerator will focus on startups in the Indian Web 3.0 space. Over a four-month period, participants will build unique blockchain-based solutions along several tracks, including entertainment, decentralized finance, decentralized applications, and open innovation.

The process will also include a series of meetups designed to engage and interact with the developer community. The program will conclude with a month-long bootcamp phase where selected startups will turn their vision into reality under mentorship from the industry's leaders.

If you want to be a part of this revolution and work with the best names in the industry to make your dream into a reality, register here: https://www.bridge2web3.com/