Arc Web3 Incubator Raises Funds to Accelerate Web3 Startups

Arc Web3 Incubator raised $20 million on August 19, 2024, to focus on driving innovation in the blockchain space.

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The fund will support emerging Web3 companies globally, providing resources to scale and develop cutting-edge technologies.

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According to ARC, the $4.5 million was raised by 163 of its members, led by the Venture Capital firm Arcane Group.

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In a bid to create a blockchain version of the popular Y Combinator framework, ARC raised these funds.

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Arc Web3 aims to empower founders with financial support and mentorship, paving the way for the next wave of advancements in decentralized technology.

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