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On October 26, Solana Labs introduced a brand-new incubator initiative aimed at fostering project development on the Solana blockchain.
Named simply “Solana Incubator,” this program will provide fundraising, development, networking, and marketing assistance for web and blockchain initiatives looking to establish themselves on Solana’s platform.
Are you developing a web3 startup on the Solana network? ️
Today, @SolanaLabs launches their Solana Incubator, offering you hands-on technical, go-to-market, and funding assistance!
Discover more and apply at https://t.co/W10WnEgDwQ— Solana (@solana) October 26, 2023
The Solana Incubator will be open for applications until November 30. Those who are accepted will reportedly receive support from the Solana Labs team and its partners during the development, marketing, and launch stages of their projects.
Emon Motamedi, Product Manager at Solana Labs, stated:
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“Our focus with the Incubator program is to eliminate the primary challenges currently confronting founders, including issues related to Web3 integrations and fundraising, allowing these teams to concentrate on what they excel at: addressing the pressing needs of their users. By equipping founders with the necessary resources for success, we aim to not only foster more sustainable businesses within the Solana ecosystem but also contribute to the overall growth of the Web3 sector.”
Motamedi’s remarks were shared in a press release dated October 26. “Furthermore,” the article notes, “the program is structured to provide teams with access to leading VCs within the Solana Labs network to assist these start-ups in improving their liquidity.”
In other news, Marinade Finance, the largest decentralized finance (DeFi) protocol on the Solana blockchain, has begun restricting new registrations from users located in the United Kingdom.
As reported by Cointelegraph, a notification for U.K. users on the Marinade Finance website indicates that the user restriction is a response to “compliance concerns regarding rules and regulations set forth by the U.K. Finance [sic] Conduct Authority.”
From October 8, 2023, #crypto firms must market to UK consumers clearly, fairly, and honestly, and must also provide understandable risk warnings. https://t.co/cqxj1jVtAT
— Financial Conduct Authority (@TheFCA) September 7, 2023
The Financial Conduct Authority of the U.K. issued a notice on September 9, stating that new regulations affecting crypto asset firms would take effect on October 8, with a compliance deadline set for January 8. Several outlets have already withdrawn products and services from the U.K. market.
Related: Solana becomes ecosystem partner of Dubai free zone
