Polkastarter x Morningstar Ventures: First Incubation Project

Polkastarter’s very first incubation is official. They are beyond excited and proud to have WonderHero as the first project to receive full-fledged support from the newly-incepted Polkastarter Labs, a vehicle designed to provide crypto’s most groundbreaking projects with all the tools they need for success.

What they do for their projects, already being borderline incubation, is a key differentiator of Polkastarter and with Polkastarter Labs, they are taking this up a notch. With the incubation, the big step up is that Polkastarter will now be fully responsible and accountable, translating into a much deeper involvement with the project in question.

For their first incubation, they are teaming up with a familiar face – Morningstar Ventures, who have been working with them throughout the setup of Polkastarter Labs, helping them build from the ground up.

Perfectly in line with their latest initiative, Polkastarter Gaming, WonderHero is a mobile NFT play-to-earn game for iOS and Android. It is a turn-based role-playing game (RPG), where players can collect heroes, participate in RPG combat and earn tokens for the battles they enter.

By becoming the first official incubation project of Polkastarter Labs, WonderHero will get enhanced access to Polkastarter’s expertise and network, as well as support on various fronts. More on that below.

‘This is a pivotal moment in the development of WonderHero and for our team as a whole.  WonderHero’s rich team background as well as its vision and mission clarity made it a right fit for Polkastarter Labs. Being chosen as the first project to be officially incubated means a lot for us and we can’t wait to roll up our sleeves and get busy in the lab with Polkastarter. Something is telling me this will prove to be one of the best business decisions we’ve made to date and help establish WonderHero as a leader in the blockchain gaming space. We fully trust Polkastarter and are super happy to have them as a partner. ’

– Ethan Ng, CEO at WonderHero

What is Polkastarter Labs and what does project incubation mean?

Polkastarter Labs acts as the investment arm of Polkastarter and functions similarly to a startup incubator, providing early-stage projects with far-ranging support on both the business and tech side. The offering is split into two parts – pre-IDO and post-IDO.

More specifically, Polkastarter Labs provides the following in the pre-IDO part:

• Mentorship. Leveraging ours and their partners’ wide expertise in the industry, they give you the ultimate blueprint to succeed in the turbulent crypto waters. Includes advice on tokenomics, listing, sensitive timings and other important aspects.
• Investment & follow-on funding. Hands-on investment to get the ball rolling and introductions to leading investors and funds to extend your runway. Secure the bag.
• Marketing & branding. Everybody needs a lil’ bit of that special sauce – they give you a herculean dose of that for optimal market positioning, with a spoonful of community building strategies for that extra kick and to make your brand internet culture-proof.
• Market access & networking. Get to know some of crypto’s heavyweights, including market makers, agencies, projects, exchanges and other relevant stakeholders. You name them and they probably know them.

Post-IDO, they help projects with the following:

• Technology & tokenomics. Receive fast-track support to top platform integrations and get feedback on your staking programs, liquidity mining and other tech-sensitive matters.
• More marketing and market access. Thought they’d stop doing that? Wishful thinking.
• Scaling. Launching is one, scaling is another. Some of the strategies we previously utilized must now be revisited and revamped to ensure you’re on the rightest of growth trajectories.
• Alumni network. Mingle with the rest of their Polkastarter teams, get together, create and build together as we near 100 total alumni.
• Open Office Hours. Call us anytime, any day of the week – they’ve got your back! Periodical check-ins will ensure you’re on the right track and not taking unexpected turns into no man’s land…

They are simply thrilled to begin this new chapter in the development of Polkastarter and support the most innovative projects in the space together with Morningstar Ventures.

This is but the first of many incubations and they are working on way more. Make sure to keep an eye out on their socials to be the first one to know what comes next!

About Polkastarter

Polkastarter is the cross-chain, fully decentralized launchpad to launch new ideas in blockchain and digital assets. With a best-in-class curation process and market access, we select the most innovative projects in the space and offer them long-term support after their IDOs.

📰 INFO 

https://blog.polkastarter.com/polkastarter-labs-first-incubation/