Ninety Eight has launched the Kompass Accelerator, supporting early-stage Web3 entrepreneurs with a focus on Vietnam and Asia.
According to Ninety Eight, a Ho Chi Minh City-based startup, the program will provide strategic advisors, quality networks, early-stage capital to facilitate growth and create a clear differentiation from the very beginning for startups in the Web3 space.
“Building a company in the blockchain space is an endeavor that requires significant resources, deep knowledge, and relentless dedication,” said a representative from Ninety Eight.
Kompass takes the following approach:
- Unlimited intake: Kompass will continuously accept and review applications to meet the rapid nature of innovation in the field. The program is tailored to the specific goals and needs of each founding team.
- Founder-friendly terms: Kompass will invest $125,000 at the early stage with no valuation cap.
- Direct, high-impact advice: Kompass focuses on practical, goal-oriented advice. Experienced advisors provide insights from real-world success stories, allowing founders to focus on building their products.
Ninety Eight has always been at the forefront of the blockchain movement. Since 2021, the company has used its expertise to support and incubate more than 10 pioneering teams in this space, from ideation to project scale. Some notable names include League of Kingdoms, Ancient8, Aura Network, Navi Protocol…
“We are focused on building platforms and infrastructure that bring millions of users into the Web3 economy. However, our mission is much broader. We believe that widespread adoption of blockchain technology depends on a strong and collaborative startup ecosystem,” said a representative of Ninety Eight.
BINH LAM
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