The accelerator, which will be run in eight-week cohorts, is geared toward individual founders and small teams, developers working on Lightning, Taro and covenants, and pre-seed, seed, series A companies. Transportation and lodging will be provided for participants from anywhere in the world. There will be significant seed capital for each team with already-recruited investors and full-time, in-house expertise.
Speaking from the Bitcoin Commons, Stevens shared that NYDIG will launch a Lightning accelerator project. “The reality is that this year, the progress in Bitcoin and Lightning is staggering. Month after month after month, the nodes on Lightning are growing.”