Solana, in collaboration with the Chinese community Solar, HackQuest, and Sonic SVM, has launched the second season of the Solaris Accelerator aimed at supporting startups in Asia.
Launch of Second Season of Solaris Accelerator
The Solaris Accelerator initiative, supported by the Solana Foundation, began in September and includes events in Singapore, Shenzhen, and Hong Kong. The program aims to develop early-stage projects in AI and payments, demonstrating Solana's intent to strengthen its presence in Asia.
Strategic Mentorship for Startup Success
The accelerator focuses on supporting projects in Internet capital markets, AI, and payments, providing comprehensive mentorship and resource backing. The success of the first cohort, where 4 out of 7 teams secured follow-on funding, indicates a promising trajectory for participants.
Solana's Market Prospects
According to CoinMarketCap, the current price of Solana (SOL) is $208.71, with a market cap of $112.92 billion. Participation in the program suggests additional opportunities for investors and may lead to further development of blockchain technologies in the region.
The Solaris Accelerator initiatives highlight Solana's strategic approach to expanding into Asian markets and supporting new technologies, which can enhance Solana's significance in a global context.
