Silicon Valley-based NFX Guild has announced its partnership with Synereo in developing an ecosystem of decentralized applications on top of Synereo’s Blockchain 2.0 platform. NFX Guild announced the Blockchain 2.0 Program within the Guild, where it will select up to 3 teams that are actively building their dApps using Synereo’s tech stack for the next class of the NFX Guild accelerator. As a result, up to a fourth of NFX’s next class will be composed of dApp developers who build their applications on top of Synereo’s Blockchain 2.0 platform.
James Currier, Managing Partner at NFX, explained: “If you do the analysis, Synereo comes out as the superior platform for developing decentralized apps. It runs fully distributed instead of massively replicated. It’s JVM top to bottom rather than Python. It’s forward compatible, vs other platforms anticipating multiple hard- forks. Synereo has the identity layer built in which provides distribution advantages and network effects. Lastly, fine-grained concurrency, vs other platforms’ linearity, provides greater speeds and scalability”
NFX Founding Partner, Gigi Levy-Weiss, added: “We found the Synereo team to have a unique combination of cryptocurrency and modern digital finance understanding alongside a real understanding of developer requirements and the know-how of how to build strong developer tools. We strongly believe this combination puts Synereo in a great position to be the leader in the adoption of blockchain tech into the everyday world.”
To kickstart the program, NFX Guild and Synereo will invite developers to participate in a hackathon, presenting and developing their ideas for Synereo-powered decentralized applications. Winners of the hackathon, as well as handpicked laureates from Synereo’s Project 11 grant project, will be invited to apply to the NFX Accelerator Program. Accepted teams will receive $120,000 in investment funds from NFX as well as an AMP grant from Synereo.