Entrepreneur First Partners With Tezos To Boost Web3 Startups

Entrepreneur First, an international firm focused on investing in technology companies, is partnering with Tezos to launch a blockchain-focused platform to attract potential founders to Tezos’ web3 ecosystem.

Seeking Talented Web3 Developers

The new platform, dubbed Entrepreneur First Web3, is designed to attract potential blockchain innovators and DeFi app creators into the Tezos ecosystem. They will be able to share ideas with the community, collaborate with other DeFi app creators, apply for grants and investments to fund future projects, and more.

The platform will select the most talented and ambitious Web3 developers and integrate them into the Tezos Web3 ecosystem, providing them with technical training and guidance by experts from the community, besides financial support to develop their applications. Founders will also have full access to Entrepreneur First’s network of investors and mentors.

The firm said participants will have until the end of May 2022 to send their applications, selecting two cohorts of 40-50 founders who will participate in a six-month in-person program in London. They will seek a co-founder, develop a promising web3 project, and request grants to fund it after three and six months.

Entrepreneur First is a London-based investment firm that supports technology startups with over 3,000 alumni globally. The firm has worked with notable companies like Magic Pony Technology, Merkle Science, and Propine Capital. Talking about the partnership, EF CEO Matt Clifford said:

Entrepreneur First was created to give founders a platform and community to find their co-founder, develop ideas and get customer traction, fast. This platform is ideal for founders who already have a clear conviction to build for a decentralized future, and want to do it as part of a tight-knit community of potential co-founders and collaborators.

Tezos Continues to Gain Ground in the DeFi Space

The Tezos token, XTZ, saw a small but positive 1% increase after the announcement. XTZ is currently trading at nearly $6, and its market capitalization is above $5 billion.

Despite a sluggish price for the XTZ token, Tezos has continued to seek new partnerships and integrations into its platform. On Oct. 20, the popular F1 team McLaren joined the NFT craze by launching its own NFT collection on the Tezos platform.

A month ago, CryptoPotato reported that the Arab Bank Switzerland enabled its institutional clients to stake, trade, and store XTZ. The institution sees Tezos and digital assets as a fundamental part of its mission to bridge “tradition and cutting-edge innovation.”