Every week we bring you updates and news from Cronos Chain. The first week of August brings the winners of the Cronos acceleration program and other interesting news.
In this week’s review of updates from Cronos Chain, we bring news about the winners of the acceleration program. Also, we bring news about the legalization of the Crypto.com exchange in Italy. Below, read details about that and also see what are the other updates are from Cronos Chain.
1. Cronos picked nine projects for its accelerator program
Cronos has picked nine innovative projects from a group of 300 applicants for its $100 million Accelerator Program. Its Accelerator is a 10-week program designed to help top project teams grow faster. The Cronos Chain evaluated proposals for Decentralized Finance (DeFi), GameFi, and infrastructure projects based on market potential, product attractiveness, team experience, and synergies.
We are excited to announce the Cohort 1 participants of the #Cronos Accelerator Program!
— Cronos (@cronos_chain) July 27, 2022
The nine projects that were chosen are listed below:
- D.G Pals – an interoperable multi-game
- Eyeball Pool – multiplayer skill-based mobile game
- Harbor – web 2.5 multi-genre mobile gaming platform
- The New Resistance – First Person Shooter game
- Wild Forest – Free-to-Play & Play-to-Earn mobile real-time strategy game
- Bubble Maps – supply auditing and analytics visualization tool for tokens and NFTs
- Meshlink – first all-in-one smart-contract management and transaction analytics platform for Web3 teams
- ReferReach – the first-of-its-kind referral platform
- Glass Finance – DeFi protocol offering an innovative Discretized-Liquidity-AMM DEX
These nine participants will be paired with respected business mentors. They will give them dedicated mentoring. Participants will also gain from weekly workshops covering important subjects related to early-stage protocol development that are provided by Cronos labs and outside subject matter experts.
2. Crypto.com is now legal in Italy
The Organismo Agenti e Mediatori (OAM) in Italy has registered and approved Crypto.com as a provider of virtual currency and digital wallet services. With this license, Crypto.com will be able to offer a range of products and services to Italian customers in accordance with local laws.
— Cronos News 🪐 (@NewsCronos) August 1, 2022
This is an important milestone for the exchange in its ambition to grow its global presence. It is because Italy is the third-largest economy in Europe. Furthermore, Italy has become a market for many companies leading the blockchain industry in recent years.
Crypto.com has also recently received Hellenic Capital Market Commission registration in Greece. It also has its registration in Singapore and Dubai.
3. Cronos partnered with Moralis to launch the Hackathon
Cronos is partnering with Moralis, a Web3 development platform, to launch a Web3 Gaming Hackathon. This is a great chance for game developers to advance to the forefront of Web3 game development.
The #Metaverse Gaming Hackathon is coming.
Get ready to unlock your creative confidence and build in #Web3 🤩!@cronos_chain @MoralisWeb3 #CronosChain #Cronos #crofam #CryptoNews #cryptocurrency https://t.co/VOYiHnSXGr
— Cronos News 🪐 (@NewsCronos) July 26, 2022
Cronos, Moralis, and other sponsors contributed nearly $100,000 to the entire prize pool. This sum would be divided among the top three teams. The first-place winner will receive $30,000 and the second and third-place winners will receive $20,000 and $10,000, respectively.
The conditions for interested participants are minimal. To compete for the main prizes, projects attending the hackathon must be built with Moralis and Cronos in mind. Here is the schedule of the Hackathon:
- Deadline for registration – August 15
- Start of Hackathon – August 20
- Project submissions – September 16
- Prize announcements – September 31
- Demo day in October
4. Cronos Bridge Web App supports the Gravity Bridge testnet
Before the planned Merge on September 19, the Gravity Bridge testnet will be able to connect to the Goerli testnet. It is the final testnet for Ethereum, using the Cronos Bridge Web App. Users can now move ERC20 crypto tokens (WETH, WBTC, USDC, USDT, and DAI) to and from the Ethereum testnet using a locking/mining process thanks to the bridge.
👀 @cronos_chain Gravity Bridge testnet has moved closer to launching on the mainnet by giving users a live experience on the #Cronos Bridge Web App .#crypto #CryptoNews #Cryptocurrencies #DeFi https://t.co/HFbTRE3CnL
— Cronos News 🪐 (@NewsCronos) July 27, 2022
With this most recent advancement, Cronos will get closer to completing the mainnet Gravity Bridge. The gateway will assist Cronos in connecting with Ethereum. It will improve the transfer of assets between the two chains. The bridge will also provide extended advantages and a wider range of products for Cronos.
5. Spooky Pets drop
Cronos is expanding their NFT collection, starting with the Spooky Pets drop. Spooky Pets are a collection of 10,000 adoptable, generative pets that live on the Cronos blockchain. Each Spooky Pet was created from over 100 different features and has its own unique style and story.
In collaboration with @cryptocomnft , we're expanding our NFT collections on Cronos, starting with today’s @SpookyPetsNFT drop – created to unite people who, like the creators, are passionate about animal rescue 🐶 & love a good cartoon!
— Cronos (@cronos_chain) July 29, 2022
Each Spooky Pet purchase will help fund the Spooky Pets rescue blog. It will feature a different animal or animal-related humanitarian organization every week. Owners of Spooky Pet will be able to pitch and vote on weekly stories. Also, they will receive a weekly newsletter with new blog posts, potential featured animals, and updates on all past features.
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