Decentralized oracle service Umbrella Network has launched a new accelerator program for projects looking to build data pipelines to the cryptocurrency market, a process that many within the industry believe is necessary to grow the emerging domains of blockchain gaming, decentralized finance (DeFi) and the Metaverse.
The $15 million accelerator program intends to fund companies that are bringing new data solutions to the blockchain ecosystem, Umbrella Network announced on Tuesday. Sam Kim, a partner at Umbrella Network, told Cointelegraph that his company is focused on funding projects within blockchain gaming, the Metaverse, digital advertising, blockchain-based identity, sports and weather, among others.