Blockchain
The Cronos Accelerator (CRO) Demo Day highlights emerging crypto innovations
Cronos Accelerator (CRO) Demo Day Highlights.
With the conclusion of the third batch of the Cronos accelerator, the $100 million-backed program showcased some of the most promising early-stage crypto projects built on the Cronos platform. According to a send on the Cronos blog, these projects were provided with networking, mentorship and funding opportunities.
The third cohort saw a 57% increase in applications compared to its predecessor. Among the applicants, Cronos Labs selected seven ambitious projects, five of which were presented during the recent demo day. These include LILLIUS, Innerworks, Securd, Reax and Newwit.
Spotlight on Startups
LILLIUS is a pioneering platform that combines sports training with the excitement of gaming through advanced AI motion detection. It offers personalized workouts and real-time feedback, making daily training not only rewarding but truly enjoyable.
Innerworks is revolutionizing digital authentication through its innovative use of AI and blockchain technologies. It offers a new method for bot detection and continuous authentication, eliminating the need for CAPTCHA and two-factor authentication.
Securd, the next-generation lending protocol, is designed to offer secure passive income to asset holders. Leverage collateralized positions in DeFi to minimize liquidation risks and align market risks with investor profiles.
Reax is a pioneer in the DeFi landscape with its cross-chain synthetic protocol. It allows access to over 500 real-world assets, including cryptocurrencies, forex, stocks and commodities, facilitating a wide range of DeFi derivatives.
Newwit is an innovative Web3 application that gamifies the prediction process, allowing users to predict outcomes in different fields such as cryptocurrencies, sports and more. It rewards users for their insights, which also help train its sophisticated AI prediction models.
Looking forward
With the third cohort of the Cronos Labs accelerator program wrapping up, the focus is on the continued success of these showcased startups. The accelerator is always looking for new projects that can drive innovation in the crypto ecosystem. Interested parties are encouraged to keep an eye on updates on the Cronos Twitter and consider applying to one of the upcoming initiatives.
Image source: Shutterstock
. . .