Solana adds incubator to spur growth and woo founders away from rival chains

Quick Take

  • Solana Labs launched a startup incubator aimed at convincing startup founders to choose the blockchain.

Solana Labs is launching an incubator aimed at convincing startup founders to choose Solana as their blockchain of choice.

"Incubator programs like this are critical to the success of start-ups in Web3. Blockchain startups face a much more difficult journey than traditional tech startups because the space is, in many ways, still young and still developing," Solana Labs Product Manager Emon Motamedi said in a statement.

While the startup incubator is organized by Solana Labs, which has raised $314 million in a private token sale, the move follows other notable and recent initiatives seeking to spur growth on the network. These efforts have included both a hackathon and an artificial intelligence