SuiHub has announced that its web3 global accelerator program has received more than 630 applications from individuals and teams across 152 countries. This makes it one of the largest intakes ever recorded for an ecosystem-specific accelerator. The initiative, which is set to launch its first cohort, has generated significant interest, with over 13,000 individuals from 2,452 cities worldwide expressing their enthusiasm for participation.

Kristof Lukovich, CEO of SuiHub, emphasized the significance of this response, stating that the strong level of interest underscores the growing appeal of the Sui ecosystem and its ability to attract builders from around the world. He also expressed excitement about working with the selected participants to help them leverage the potential of the Sui blockchain to address real-world challenges.

SuiHub Accelerator See Record Breaking Applications

About SuiHub Accelerator

With an acceptance rate of approximately 1.3%, the first cohort of the SuiHub Accelerator is set to feature a highly competitive group of innovative startups in the web3 space. Scott Keto, president at CoinList, noted that the number of applicants is a testament to the strength of the SuiHub initiative and the increasing momentum within the Sui ecosystem. He highlighted the high quality of submissions, adding that the selected projects represent a promising wave of blockchain innovation.

The accelerator is being organized in collaboration with Brinc, CoinList, Ghaf Group, and the Sui Foundation. Selected teams will receive milestone-based funding of up to $200,000 per project, in addition to technical support and access to global marketing channels. The program aims to support pre-token projects and entrepreneurs in building sustainable business models on the Sui blockchain.

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Support for Blockchain Innovation and Growth

The accelerator’s structure is designed to provide participating startups with extensive resources, including direct engagement with the Sui Solutions Engineering team and expert advisory on token design and distribution mechanisms. Kostas Chalkias, cofounder of Sui, highlighted the potential of these projects to contribute to the continued growth of the Sui ecosystem, emphasizing the advantages of Sui’s scalable and high-speed blockchain network.

Henrik Johansson, head of community at the Sui Foundation, noted that the response from developers, entrepreneurs, and blockchain users has been overwhelming. He stated that the large volume of qualified applications reflects the level of talent and innovation that makes the Sui ecosystem a rapidly evolving network.

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Impact on the Web3 Landscape

The first cohort of the SuiHub Accelerator is set to begin shortly, and the selected teams will gain access to industry expertise, marketing support, and development resources. The program is expected to play a crucial role in advancing blockchain applications and expanding web3 adoption. Bashar Aboudaoud, COO of Brinc, described the initiative as a growing force in the web3 accelerator space and expressed confidence in the progress that participating startups will achieve.

Feras Al Sadek of Ghaf Group also highlighted the accelerator’s broader impact, particularly in strengthening blockchain ecosystems in the Middle East and beyond. He described the program as a launchpad for new web3 innovations, enabling connections between regional and global blockchain communities. Sui is actively onboarding new web3 games, having recently added five games to its ecosystem. 

Sui’s Role in Blockchain Advancement

Sui is a Layer 1 blockchain and smart contract platform designed to enhance digital asset ownership with speed, security, and scalability. Its object-centric model, based on the Move programming language originally developed at Meta, enables parallel execution and rapid transaction finality. With horizontally scalable processing and storage, Sui provides a foundation for developers to build efficient and user-friendly blockchain applications.

As SuiHub continues to enhance innovation through its accelerator program, the initiative is expected to drive further advancements in blockchain technology. By providing early-stage projects with funding, technical support, and industry connections, the accelerator aims to support the next generation of web3 entrepreneurs and contribute to the broader adoption of blockchain solutions.

Source: GamesBeat