Umbrella Network Announces $15 Million Accelerator Program

Umbrella Network announces $15 million accelerator program to foster greater adoption of decentralized oracles.

Decentralized oracles should play a key role in running smoother operations across the broader blockchain ecosystem, helping secure transactions to the tune of millions, without fear of price manipulation attacks.

Companies looking to bring data on-chain, whether crypto-native or traditional, are often faced with impractical costs, complex data requirements, security flaws, and more. Decentralized oracles are intended to meet the requirements of innovative dApps, but many of today’s oracles are slow, expensive, and limited in data.

Umbrella’s Ecosystem Accelerator program aims to alleviate the problems described above by dedicating resources to projects that would call for new and exciting oracle use cases. Companies from across sectors, whether metaverse, DeFi, tradFi, advertising, gaming, enterprise software, eCommerce, insurance, real estate, sports, entertainment, and beyond are invited to apply.

There are no limitations on who can or can’t apply for the Ecosystem Accelerator.

Umbrella Network will review applicants on a case-by-case basis, particularly with respect to how your project intersects with large volumes of data. If your project is selected, you will have access to mentorship and resources from the Umbrella Network team as well as fellow accelerator members and Umbrella partners.

Any interested developers are invited to apply here.

ABOUT Umbrella Network
Umbrella Network is a scalable, cost-efficient, and community-owned oracle for the DeFi and blockchain community. Its Layer 2 technology uses the latest advances in Merkle tree technology to write multiple data points on a single on-chain transaction, so it allows for batching data to smart contracts accurately, securely, and cost-effectively.

RESOURCES
Medium