Eight companies have been chosen by In Wolf’s Clothing (Wolf), the first Lightning-focused startup accelerator, to be part of the initiative’s first cohort Wolfpack 1.
More than 100 applications from teams representing 36 countries were submitted to the program. The goal of Wolf’s accelerator program is to assist early-stage startups in finding product-market fit, building their brands, obtaining crucial early-stage investment, and expanding their operations in order to support the widespread adoption of Bitcoin.
Chosen companies are currently working on a WeChat-style “super app” for Nostr and Lightning, decentralized trading via discreet log contracts, automated Lightning node management, instant payments and remittances in MENA regions, and other projects.
Along with this news, Wolf also revealed a list of committed investors and mentors as it prepares to launch its inaugural cohort in April. Involved industry titans are Stone Ridge Holdings Group, Allen Farrington, Ego Death Capital, Fulgur Ventures, Hivemind Ventures, Kingsway Capital, NYDIG, and Urim Capital.
CEO of Wolf Kelly Brewster stated that “the volume and quality of applications to Wolf has been simply incredible. From true ‘decentralized finance,’ to infrastructure, social media, payments and more, the teams joining Wolf are moving Bitcoin forward across a wide variety of frontiers.”
Applications for Wolf’s second cohort, Wolfpack 2, will be accepted until April 7th, 2023. Wolf is one of several operating companies of the Stone Ridge Holdings Group, which also includes Stone Ridge Asset Management, NYDIG, Longtail Re, and Proof.