Hong Kong-based game software firm Animoca Brands, global cloud computing platform Amazon Web Services (AWS), and United States-based software solutions provider Polygon Labs have on Thursday announced MoonRealm Express Accelerator, a strategic collaboration to support Web3 builders around the world and accelerate the development of Web3 products and solutions through Animoca Brands’ flagship project Mocaverse.

Animoca Brands said in a statement that as a key technology enabler and partner of the MoonRealm Express Accelerator, AWS has committed to invest $1.1 million to support up to 500 eligible startups under the inaugural cohort.

According to the statement, MoonRealm Express Accelerator is an accelerator program to empower builders worldwide to advance development in emerging areas such as decentralized identity, SocialFi, and GameFi, and encourage builders to develop new ideas and solutions on Mocaverse.

The goal of MoonRealm Express Accelerator is to support aspiring builders by helping them to turn concepts into real-world solutions.

The program facilitates innovation throughout the entire growth cycle of a Web3 startup, ranging from the inception of creative ideas to Web3 masterclasses, builder-centric hackathons, and incubating high-quality projects.

The inaugural cohort of the MoonRealm Express Accelerator will focus on building and extending Mocaverse’s expanding ecosystem, centering around the recent launch of Moca ID and Realm Points on the Polygon chain.

The program’s first hackathon will be announced in early 2024 and will task builders and projects to devise protocols that utilize and grow the Moca ID on-chain identity ecosystem, and that integrate Realm Points as integral assets.

Key hackathon tracks will include Web3 Identity, Web3 Social, and Web3 Growth, with the goal of elevating Mocaverse as the premier platform for Web3 loyalty programs.

This vision will be realized by building on the synergies of Animoca Brands’ domain expertise, AWS’s robust capabilities, and Polygon Labs’ extensive network, in collaborative efforts spanning Web3, cloud, artificial intelligence (AI), and blockchain technologies.

“Mocaverse pursues the mission to connect, aggregate, and grow the Animoca Brands network by building the largest Web3 ecosystem in culture and entertainment,

“We’re incredibly excited to partner with AWS and Polygon Labs to offer ambitious builders an opportunity to join this growing ecosystem and empower them with the knowledge, tools, and resources to contribute to and co-create on the major Web3 identity and loyalty platform,” said Yat Siu, Co-Founder and Executive Chairman of Animoca Brands.

According to the statement, AWS will provide startups with its cloud resources through AWS Activate (a startup program which provides startups with the resources they need to get started on AWS), a series of technical masterclasses to help startups develop Web3 applications, games, and AI-powered products (such as efficient multi-chain implementation, secured dApp architecture on Cloud, and ethical AI application), exposure to venture capital for fundraising opportunities, go-to-market support, and more.

“Web3 has the potential to revolutionize various sectors and it’s already driving innovation and growth on a global scale,

“We’re excited about supporting Web3 startups to boost their growth and innovation by leveraging the power of the AWS cloud in collaboration with Animoca Brands and Polygon Labs,” said Yaniv Donenfeld, global head, Web3 GTM, AWS.

According to the statement, Polygon Labs will offer workshops to participating Web3 startups designed to equip them with the knowledge and skills necessary for success in this rapidly evolving field.

Polygon Labs will also contribute cash bounties for hackathons, and solution providers in the Polygon ecosystem will make available vouchers for services that can help these startups.

“This is an exciting opportunity to further advance the Web3 ecosystem and drive innovation within it,” said Ajay Ponna Venkatesha, SVP, Developer Studio, Polygon Labs.

“Polygon Labs is fully committed to supporting this initiative as it embodies our value to see ecosystem participants collaborate to foster a thriving Web3 community and accelerate the growth of innovative projects,

“Polygon PoS has been a preferred chain for founders and we are excited to help a new generation to build the next big disruptive Web3 project,” he added.

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