AngelBlock Revamps Its Startup Grant Program For Early-Stage Crypto Projects

Web3 fundraising platform AngelBlock has announced the relaunch of its startup grant program, offering new projects the tantalizing prospect of up to $15,000 in its native token $THOL. 

The relaunch of the program was timed to coincide with the launch of the very first raise on AngelBlock, which is a non-custodial, protocol-based fundraising protocol for crypto, that’s focused on maximizing value for investors. To do this, it enables investors to play a key role in the post-raise governance of the projects they invest in, unlocking pledged capital in stages only when certain milestones are reached. 

It’s a novel idea and AngleBlock is adding to its credentials with its startup grant program, which goes beyond just providing funds – in addition, projects will also get the opportunity to raise funding on its platform once they reach maturity. 

AngelBlock said there’s no time limit on its grant program. Instead, payouts will be made on a rolling basis as and when deserving projects apply for it. 

We are thrilled to relaunch the Startup Grant Program, providing crypto startups with financial support & guidance.

We’re proud to have onboard partners such as @EuroTechSchool, @ETHWarsaw & @Nicholas_Merten.

Join us and propel your venture forward! https://t.co/62320ByGCk

— AngelBlock Protocol (@AngelBlock_io) June 1, 2023

The program is restricted to crypto startups that leverage either a token or hybrid equity/token model. They must also be able to demonstrate market traction, and will only be considered if they’re in the pre-token generation event stage, meaning they cannot have any tokens available on tradable markets. 

AngelBlock said it has partnered with a trio of entities on its grant program, including the European Tech School, a renowned educator in the crypto and Web3 space, ETH Warsaw, a developer-focused initiative that holds regular Ethereum workshops and hackathons, and Nicholas Merten, the founder of the DataDash project. 

As an added incentive, select startups that are awarded grants will also be invited to join its new incubation program, where they can tap its expertise in the shape of regulatory assistance, code audits, UI and UX development, tokenomics, and other forms of guidance. 

Startups are encouraged to apply for an AngelBlock grant here but should check out the terms and conditions before doing so. 

AngelBlock reiterated that it’s offering much more than just financial backing. By securing one of its grants, projects will become a part of the wider AngelBlock family, joining a “supportive and dynamic community” that’s dedicated to fostering growth among all of its members. 

“This is not just an opportunity,” AngelBlock stated. “It’s a pathway towards securing crucial resources and financial backing that can catalyze your startup’s growth and success trajectory.”