Block-chain: F10 partners with Kakao’s Klaytn foundation to launch incubator

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Block-chain: F10 partners with Kakao’s Klaytn foundation to launch incubator
Block-chain: F10 partners with Kakao’s Klaytn foundation to launch incubator

Klaytn a public block-chain platform, launched in June 2019, focuses on the metaverse, GameFi, and the creator economy

To launch an incubation program in Singapore that supports early-stage businesses, fin-tech start-up accelerator F10 has teamed up with Klaytn Foundation – a non-profit entity under the block-chain unit of Kakao, the South Korean internet firm.

The three-month program, which kicks off in April, aims to help entrepreneurs develop ideas or minimal viable products (MVPs) into scalable businesses.

Klaytn a public block-chain platform, launched in June 2019, focuses on the metaverse, GameFi, and the creator economy. Using the US$500 million Klaytn Growth Fund, it is currently expanding its regional footprint from its base in Singapore.

Klaytn Foundation, established in August 2021 will also provide participants a grant in the form of a Klay token, the crypto-currency coin for the Klaytn block-chain.

Start-ups selected for the incubation program will participate in workshops, receive mentoring, and gain access to an investor network as well as get technical development support and a workspace in Klaytn’s office.

“The creation of this new incubator emerged from a shared vision that block-chain tech is ripe for mass adoption”, said Jonas Thürig, head of F10 Singapore. “In the recent 1.5 years, we have seen an explosion in Web 3.0 applications and new use cases in DeFi (decentralized finance), metaverse, and gaming”.

Participants in the incubation program will gain access to F10’s curriculum, which features topics such as problem and solution fit, tokenomics, growth hacking, community, and governance.

As it aims to be the block-chain of choice for gaming and metaverse projects around the world, Klaytn announced yesterday that it has signed five strategic partnerships. It is also pursuing continued integration with the DeFi ecosystem.

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