Empowering global crypto startups
with funding, mentorship, and industry connections through new
amber.ac initiative
SINGAPORE, July 16,
2024 /PRNewswire/ -- Amber Group, a leading
global digital asset company, has announced the launch of its new
accelerator program, amber.ac. With this launch, the company
reaffirms its commitment to fostering blockchain and AI innovation
and empowering the global crypto community.
"We want to give back to the crypto
community and become a catalyst for cutting-edge crypto
innovation."
The program was unveiled at a kickoff ceremony in Singapore, streamed live to a global audience.
The event also introduced the first two incubated
companies, Haven One and edgeX, and launched the inaugural
BUIDL_QUESTS web3 innovation challenge.
Empowering the Crypto Community and
Accelerating Crypto and AI Innovation
Amber Group's CEO and Co-founder, Michael Wu, presented the
vision for amber.ac as a catalyst for frontier crypto
innovation. As a seasoned player in the crypto realm
with a seven-year track record, Amber Group brings to the table
extensive technical expertise, liquidity, and professional acumen.
The company has consistently demonstrated leadership in its core
businesses: ALIR (Advisory, Liquidity, Investment & Research),
Asset Management, Digital Wealth Management, and Enterprise
Infrastructure Solutions.
Amber Group has spent the past seven years bridging the gap
between the native crypto world and the broader
world beyond crypto. With the launch of amber.ac,
Michael and Thomas Zhu, Co-founder
and CTO, aim to strengthen the firm's commitment to empowering
crypto entrepreneurs, thus fueling the next phase of
growth within the crypto industry.
"In launching amber.ac, we want to give back to the
crypto community and become a catalyst
for cutting-edge crypto innovation. This aligns with
the shared aspiration of the Amber Group team, including our late
co-founder TT," explained Michael.
Crypto for AI: Paving the Way for the Future AI
Economy
The guiding principle of amber.ac is "Crypto
for AI", which sets out to harness blockchain and tokenization
technology to build the infrastructure for the AI economy. The
program aims to identify and support high-potential early-stage
crypto startups from around the globe. Their support
includes targeted funding, technical assistance, expert guidance,
and access to a wealth of ecosystem resources to help these
startups transform their innovative ideas into reality.
Commenting on the potential of crypto
technology, Michael acknowledged that while the technology is still
in its infancy, the impending AI economy holds significant promise.
He sees blockchain technology as a means to facilitate trustless
transactions, providing a secure and reliable infrastructure for
the AI economy.
"Building for the AI economy with crypto
is a journey we're just embarking on. We need the courage to build
not just for the present, but with an eye towards the future. We
need to price in what we believe about the future, and build
according to our vision and beliefs. This is a leap of faith, a
commitment to building with conviction for the future. And we will
be there with you every step of the way. amber.ac is committed to
building towards that future, along with everyone who wants to be a
part of it," Michael emphasized.
Watch the amber.ac Introduction Video: amber.ac: Launching
the Future of Crypto for AI
Comprehensive Support for Emerging Blockchain Leaders
The amber.ac program offers a comprehensive suite of resources
to support participating startups, including:
- Crypto-Native Engineering Capability:
Specialized crypto experts provide tailored technical
support for frontier innovation.
- Full-Spectrum Support: A collaborative core team offers
comprehensive guidance throughout the project lifecycle, from
advisory and market making to engineering, blockchain security,
token design, fundraising, and more.
- Capital and Network Expertise: Access to capital and an
extensive crypto-native network helps maximize project
potential and reach.
BUIDL_QUESTS: Empowering
Distributed AI and BTCFi Innovations with a $40,000 Prize Pool
To kickstart the amber.ac journey, the BUIDL_QUESTS challenge
invites Web3 innovators worldwide to submit their ideas and
concepts. Top submissions have the opportunity to join Amber
Group's flagship accelerator initiative, amber.ac, receiving
comprehensive support through capital, mentorship and industry
connections as they work to advance decentralized
technologies.
The BUIDL_QUESTS challenge focuses on the following key
themes:
- Distributed AI: Innovations that apply distributed
ledgers and decentralized technologies to artificial
intelligence.
- BTCFi: Innovations that enhance Bitcoin's
usability and functionality as a financial platform.
- Any innovative application leveraging emerging
blockchains.
Join the Movement: BUIDL the Future of Web3
The amber.ac BUIDL_QUESTS is open for registration starting from
July 15th. Participants can choose
either track to submit their projects. For more details, please
visit http://amber.ac/BUIDL_QUESTS or contact us at
contact@amber.ac.
About Amber Group
Amber Group is a global digital asset leader headquartered in
Singapore. Since 2017, we've built
full-stack solutions that bridge traditional finance and digital
assets, offering end-to-end services including wealth management,
asset management, market making, advisory, investing and
infrastructure. Backed by top investors and with deep expertise in
crypto and traditional markets, we leverage AI,
blockchain and quantitative research to deliver personalized and
cutting-edge solutions to help our global client base of HNW
individuals, institutions, crypto funds, exchanges and
projects optimize returns safely in any market conditions.
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SOURCE Amber Group