DePIN Supercharged – Introducing the World’s First DePIN Accelerator

We are counting down the days to the official launch of the DePIN Surf Accelerator at ETHDenver 2024! According to Messari, the DePIN flywheel is powerful enough to add $10T to global GDP in the next decade. Armed with a five-million-dollar fund, a deep pool of talented mentors and VCs, and IoTeX’s full-stack modular DePIN protocol, IoTeX, and FutureMoneyGroup are seed-funding and launching a new generation of r3al-world web-3 unicorns. The deadline to apply is January 26th and pre-launch informal programming will start on February 14th.

DePIN Surf Accelerator Pillars

1. Technical Streamlining: IoTeX’s modular infra can cut DePIN development time by an order of magnitude. Receive personalized support from the IoTeX dev team and save time and money launching your network.
2. Community-launch support: DePIN is fundamentally about building community, and the DePIN Surf Accelerator supports our founders with workshops and co-marketing campaigns to build a community of super-users no matter your stage.
3. Fundraising support: A guaranteed $50k investment is just the beginning. DePIN Surf equips our founders with all the tools to achieve their fundraising goals, from pitch-prep sessions to curated intros and demo days with top VCs to close your round as quickly as possible.
4. A Community Built on Trust: In the words of Pixar founder Ed Catmul, “All of us are smarter than any of us.” It is this ethos of modularity and open source that is at the heart of web-3 and the DePIN Surf Accelerator. Founders will receive funding, resources, and mentorship, but most of all, founders help one another–building a community that will last far beyond the confines of the program.

Who We’re For

If you’re a DePIN project interested in integrating with IoTeX’s infrastructure on any level, you are encouraged to apply! Concretely, DePIN encompasses any web-3 projects building decentralized applications with a real-world element. This includes (but is not limited to) everything from cell phone apps that interact with existing physical infrastructure (from cars to cell towers) to novel device networks like Helium.

Attributes of Successful Applicants

1. A driven, aligned team alignment with a belief that decentralization can change the world.
2. Open to using the IoTeX platform on some level.
3. Innovative Use Case: Projects should demonstrate a unique and innovative use case for DePIN technology, especially those that solve real-world problems or address specific industry pain points.
4. Scalability Potential: The project should have the potential to scale to a broad and high-value market and should not be overly niche.
5. Sustainability and Long-Term Viability: Projects should have a sustainable business model and a clear path to long-term viability beyond just the initial funding and acceleration phase.
6. Diversity and Inclusion: Encourage teams that bring diverse perspectives and inclusive approaches to their project development and community building.
7. Proof of Concept or MVP: Preference for teams that have developed a proof of concept, minimum viable product, or have conducted some initial user testing to validate their ideas.

The goal of the DePIN Accelerator Program is to supercharge founder success. The accelerator is built by and for DePIN startups, investors, community builders, and other ecosystem partners. The program is designed to shorten the learning curve for founders with hard-won insight, experience, and expertise from mentors, ecosystem partners, and fellow founders. The result: faster growth, improved founder performance and a stronger DePIN ecosystem for all of us.

About FMG

FutureMoney Group has been investing in frontier technologies in the digital economy since 2017. The main thesis is that the future of money is a decentralized database that reshapes the real economy. The firm has been managing different funds across multiple strategies with current AUM of 50 million USD, with focused areas such as DePIN and creator economy.

About IoTeX

IoTeX is a modular Web3 infrastructure platform for DePIN. It empowers developers to integrate Web3 into everyday life through innovations in connected smart vehicles, city mapping, green energy initiatives, super-charged fitness platforms, environmental data tracking, proof-of-presence applications, proof of humanity, and more. With the launch of W3bstream, the world's first off-chain compute framework for smart devices and real-world data, IoTeX has become the leading DePIN platform, enabling vertical innovations for machines, humans, businesses, and dApps to interact with trust and privacy. Backed by a global team of 60+ research scientists and engineers, IoTeX infrastructure is designed to cut DePIN development time by an order of magnitude with DePIN-specific middleware and a DePIN-optimized L1.