NYDIG Parent Company Stone Ridge Launches Wolf A Bitcoin Lightning Network Accelerator – Bitcoin Magazine
Stone Ridge Holdings Group, the parent company of NYDIG, has launched Wolf’s Clothing, a New York City (NYC)-based Bitcoin startup dedicated to the Lightning Network, according to a press release sent to Bitcoin Magazine.
Wolf aims to bring entrepreneurs and startups from around the world to NYC for eight weeks at a time to “focus on developing, growing and funding companies that build on Lightning.” The program will accept companies building on Lightning and Taro across a wide range of topics and is open to all applicants.
“We’re launching Wolf to empower the best founders and teams from around the world to build that future. If you have an idea, proof-of-concept, or early-stage business that touches Lightning, Wolf can help you build and scale,” says Kelly Brewster, CEO of Wolf.
Wolf will provide accommodation and transportation from anywhere in the word for accepted applicants, and they will receive a guaranteed investment of $250,000, except for one winner per cohort who will receive $750,000.
“Over the past year, the Lightning Network has hit critical mass, and we expect growth to only accelerate from here,” Brewster continued. “This growth is ushering in a wave of innovation and development that will shape the future of decentralized finance.”
Accepted applicants will have the opportunity to work with Wolf’s full-time in-house advisors, experts on a wide range of topics including Bitcoin, Lightning and Taro, as well as marketing, branding, engineering, sales, regulatory, cryptography and more.
“Every once in a while a technology breakthrough comes along and changes everything. That’s Taro,” said Ross Stevens, founder and CEO of Stone Ridge and founder and executive chairman of Wolf. “The progress in Lightning this year has been staggering, and the introduction of Taro will serve as a further accelerator for innovation and progress in Bitcoin.”
A long-standing group of collaborators working with Stone Ridge and NYDIG will also invest in Wolf and be mentors in the program.
“Wolf is shining the Bitcoin Bat signal in the sky: if you’re a founder or startup team anywhere in the world who’s passionate about Lightning, we want you,” Stevens said. “If you are willing to work tirelessly to make the world more decentralized, power more diffuse and central planning a distant memory, join us.”
Those interested in applying for Wolf can do so here.
