Cointelegraph Accelerator and bitsCrunch to Jointly Work on Helping NFT Projects

Updated: 04 April 2023

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Cointelegraph accelerator has teamed up with crypto and nonfungible (NFT) token ecosystem analytics firm, bitsCrunch, to enable developers and startups in their journey.

This comes as the NFT trading volumes commence rising again in the first quarter of 2023. Notably, the marketplaces are battling the NFTs out for a piece of the pie, as several projects are making their way into the space to facilitate the market actors with infrastructure and analytical tools. However, the new joint, Cointelegraph Accelerator, and bitsCrunch startup program aim to enable the NFT data space by providing free data tools.

Additionally, the new initiative will allow members to participate in and reap the benefits of both initiatives. Founded in 2013, Cointelegraph is among the long-standing players in the crypto ecosystem and blockchain technology.

On the other hand, the Cointelegraph accelerator, launched in 2023, works with early-stage Web3 projects to boost their growth. The website does so by leveraging its access to a native Web3 audience, a number of network industry partners, and marketing proficiency. Notably, Cointelegraph accelerators are flexible in terms of participants’ maturity and chain-agnostic. The program focuses more on participants between the seed and Series A stages with a proven business model.

Further, the platform invests between $500,000 and $5 million of gross media per the agreement, with a campaign duration ranging between one and three years. However, there are some projects that are exceptional and can be discussed on an individual basis.

bitsCrunch Transparency in the Analytics Sector

On the other hand, bitsCrunch facilitates NFT data solutions across several blockchains. Additionally, it enables transparency in the analytics sector by identifying wash trading and determining whether an NFT is a forgery or a copy of a genuine asset. In February last year, bitsCrunch secured $3.6 million in a funding round led by Animoca Brands, Coinbase Ventures, and Crypto.com Capital, among others.

We are excited to announce that we have completed an oversubscribed private token round of $3.6M USD, led by @animocabrands & with participation from @coinbase @cryptocom @polygonstudios & a few others. A detailed thread 🧵 pic.twitter.com/a5La2z5jym

— bitsCrunch (@bitsCrunch) February 24, 2022

However, bitsCrunch is based in Germany and India. It uses AI-based analytical tools to determine the fair price of NFTs. The company believes investors in the growing crypto space need better access to data that will prevent them from falling for fakes and getting scammed by ingenious trading volume.

bitsCrunch CEO, Vijay Pravin Maharajan, reported that his company supports NFTs on Ethereum, Polygon, and Avalanche. However, he plans to use the funds to expand the team that can concentrate on securing several significant blockchains, including Solana Algorand and Polkadot.

Significantly, the bitsCrunch startup program provides early-stage platforms and developers free or low-cost access to its solution through its platform and application programming interfaces (APIs). Nonetheless, participants receive help from bitsCrunch as they navigate its tools and get early access to updates without bias, whether they are seasoned developers or a startup with a groundbreaking idea.

Noteworthy, the collaboration between the Cointelehraph accelerator and the bitsCrunch startup program will enhance cooperation as the skills of both projects are combined. This will enable fast-track access to the respective partner’s program if they abide by the standard. With the Cointelegraph accelerator, the members of bitsCrunch will be eligible for media coverage on Cointelegraph via discounted and special media packages.