Ethereum Classic Labs Is The New Incubator Platform on ETC Blockchain

16. May 2018 Posted by Akolkar B on News

The Ethereum Classic blockchain network seems to be ready for the next phase of development. At the ongoing Consensus 2018 conference, a new incubator platform called the Ethereum Classic Labs was launched on the ETC blockchain.

Several blockchain development teams from across the globe have gathered for this project in order to provide incubation service to blockchain startup projects. The launch of ETC Labs will considerably push forward the technical development of ETC’s blockchain network as well as the launch of projects on ETC platform.

The Ethereum Classic Labs has received an initial capital funding of $50 million and is supported by Digital Currency Group (DCG), Digital Finance Group (DFG).

Any start-up project launched on the Ethereum Classic Labs incubator platform will be offered extensive support like thorough technical guidance, operating funds, office space, creative strategy consulting, industrial resources, professional business planning and even proposal training.

The Ethereum Classic Labs incubator platform differs from others in a way that apart from providing help to develop new projects, the platform also brings several industry experts aboard to run the projects competitively in the market. During the incubation process, the startup team gets an opportunity for one-to-one guidance from industry leaders such as CTO, Igor Artamonov from ETCDEV, the core technical team of ETC, and IOHK, the famous blockchain R&D engineering company.

Bloq, a popular enterprise-grade blockchain solution provider has also extended its support in the development of Ethereum Classic Labs. With such a support from several big companies and top professionals from the blockchain space, the incubator platform will help to build several big and interesting projects on the ETC blockchain and further expand the ETC ecosystem.

The Ethereum Classic Labs will also be involved in the development and promotion of smart contract apps on ETC’s blockchain platform.