Layer1 blockchain project aelf launches incubator AEVOLVE Labs

Layer 1 blockchain project aelf has launched an incubator called AEVOLVE Labs, aimed at discovering and supporting promising blockchain projects.AEVOLVE Labs takes a tailored approach, focusing on three key areas: product-market matching strategy, networking resources, and funding support:Product-market matching analysis: Projects undergo a comprehensive evaluation to ensure market fit and receive recommendations for successful marketing and operational strategies.

Extensive networking community: The incubator facilitates connections between project founders and a wide range of institutions, industry experts, investment funds, communities, and thought leaders in the Web3 space, providing valuable insights and collaboration opportunities.

Funding and financial strategy support: Participants have the opportunity to seek funding support from aelf Ventures' $50 million ecosystem fund, aelevate Gaming Grant, and external investors, and receive comprehensive advice on revenue forecasting, fundraising strategies, and sustainable token economic models to establish a strong financial foundation.

AEVOLVE Labs will evaluate potential value of applicants based on predefined criteria. Once selected, these projects will join aelf's existing incubation portfolio and participate in a 6 to 12-month incubation program.