Home Technology Labrys is working with Metarise to help create Australia’s first Web3 incubator

Labrys is working with Metarise to help create Australia’s first Web3 incubator


LabrisAustralia’s leading blockchain development agency today announced a partnership with Collective Campus, an Australian innovation consulting firm and startup accelerator, to launch Metarise, a web3 venture fund and startup accelerator for Asia-Pacific web3 projects.

After launching many web2 accelerators in partnership with brands such as Microsoft, Village Roadshow, Charter Hall and Mills Oakley, Metarise ANZ Launchpad will partner with DAO Under, a community of web3 enthusiasts from across Australia and Asia, and Metavise, a web3 agency that helps a traditional brand to get into the metaworld.

“Today is an extremely exciting day not only for Labrisbut everyone who, like us, is very enthusiastic about web3 and its potential, ”said Lahlan Feeney, Founder and CEO. Labris. “We haven’t even scratched the surface of the huge potential of technology, but through such initiatives we are helping to turn theoretical potential into practical reality. We have the great privilege of participating with so many leaders in space, and we can’t wait to help Australia establish itself as a true world leader. ”

Only 0.1% (30,000) of the 30 million software developers worldwide are active in web3, with similar patterns evident to design and marketing professionals. This prompted various web3 networks and protocols to announce ecosystem development funds worth more than $ 9 billion in the 12 months to May 2022, including Avalanche ($ 200 million), Harmony ($ 300 million), Algorand ($ 500 million) ) and $ 1,111,111,111 Ecosystem from TRON. fund.

But the Metarise team believes the challenge goes beyond capital to identify, attract, nurture and develop talent and projects. Despite the current market turmoil, web3 is expected to become a multi-trillion-dollar industry by 2030, and Metarise co-founder Steve Glavesky sees the talent crisis in web3 as a challenge.

The accelerator program, ANZ Launchpad, will incubate two cohorts of web3 startups. Cohort 1 will focus on NFT, the metaworld and games, and Cohort 2 will focus on DeFi, DAO and startups with tools. The program will provide startups with education and training in market testing, project development, economics and token minting, community building and more, and has hired mentors and trainers from companies such as Dapper Labs, Harmony, Enjin, MintGate and The Sandbox.

Abhi Maran of DAO Under says: “DAO Under is excited to collaborate with Metarise in incubating the next generation of Australian web3 startups. We have already seen how great protocols are emerging from Australia through Immutable and Synthetix. The time is perfect for the next generation of builders to leave their mark on the world, and we want to help them do what they do best. ”

Glaveski says Metarise uses the token economy and its accelerator model to more widely differentiate itself from accelerator programs. “All of our accelerator participants – startups, coaches, mentors, advisors and so on – will receive our own token that will give them access to our pool of participating tokens and a share of the profits. Web3 is essentially about matching incentives in a way that better coordinates capital and resources to achieve common goals, and Metarise is committed to that spirit. ”

Since 2017, the parent company Metarise Collective Campus has organized and mentored 90 startups that have subsequently co-raised $ 185 million with a total portfolio valuation of 3 times more than when enrolled in the program. Earlier this year, it helped Creso Pharma, which is on the ASX list, make its way into the metaverse. He has also received several grants from the Infrastructure Department’s Entrepreneurship Program to support the development of Australia’s startup ecosystem.

Applications for Launchpad open May 16 for startups in Australia and New Zealand, and the first cohort is set to begin in the third quarter. Interested startups can apply at metarise.club/launchpad


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