NYDIG's parent company, Stone Ridge Holdings, has launched a Bitcoin lightning accelerator called Wolf.
Stone Ridge announced this in a tweet on the Wolf’s Twitter page.
In a press release, the CEO of Wolf, Kelly Brewster, noted that the Lightning Network had hit a critical mass over the past year. He believes that the growth will only continue to accelerate and bring a new wave of innovation and development that will shape the future of DeFi.
Wolf is a New York-based Bitcoin start-up focused on the Lightning Network. It aims to gather founders and start-ups globally to NYC for eight weeks per cohort. During this period, it will focus on the development, growth, and funding of companies building on Lightning and Taro.
Wolf will cover the cost of transportation and accommodation during the program. Accepted teams will receive a guaranteed investment of $250,000. Also, the winner of each cohort will receive $750,000.
In addition, participants will be able to work with Wolf’s in-house advisors and world-class mentors all over the Bitcoin ecosystem. They will also interact and work with experts from Stone Ridge and NYDIG on topics such as Bitcoin, Lightning Network, Taro, cryptography, marketing, branding sales, and more.
Many notable Bitcoin advocates lauded this move by Stone Ridge. MicroStrategy founder, Michael Saylor, expressed his satisfaction with the news in a tweet.
