Hello Gitcoiners! It is our great pleasure to announce that we are partnering with Arweave once again to host the Open Web Foundry, a six week incubator program for founders who are launching a profit sharing startup on the Arweave platform. The program begins on March 1st, 2021, and participating projects will receive hands-on training and support from Arweave experts to help fast-track their product development. Projects will be eligible for a share of $100,000 invested by Arweave, as well as…
It is our great pleasure to announce that we are partnering with Arweave once again to host the Open Web Foundry, a six week incubator program for founders who are launching a profit sharing startup on the Arweave platform. The program begins on March 1st, 2021, and participating projects will receive hands-on training and support from Arweave experts to help fast-track their product development. Projects will be eligible for a share of $100,000 invested by Arweave, as well as exposure to other VCs and investors for additional possible investment.
This will be the third Arweave incubator on Gitcoin, following the Open Web Incubator and the Open Web Fellowship in 2020. Both programs kickstarted the launch of many new profit sharing communities and startups, including incubator alumni ArDrive, Gitopia, ArVerify, Verto, and many others. Over $1 million has been cumulatively invested in these incubator projects so far. The 2021 Open Web Foundry will be even bigger this year – so join us to go from being a hacker to a founder in 6 weeks!
Are you looking to launch on Arweave? From initial idea and product development, to pitching investors, acquiring users, growing communities, and building out your product roadmap, Gitcoin and Arweave are with you every step of the way. We welcome submissions from founders and entrepreneurs creating a new profit sharing community on Arweave, or further developing an existing one.
Over the course of the program, participants will experience weekly masterclasses hosted by experts in web3 product development. The masterclass topics will include: go-to-market strategies, mechanism design, token economics, community building, and fundraising fundamentals — everything startups need to go from idea to launch.
At the conclusion of the event, founders will have the opportunity to pitch their product to premier third-party investors. Open Web Foundry marks the third Arweave incubator program, and so far over $1,250,000 of seed investments have been made by investors in participating startups.
Arweave is the amazing team developing the permaweb – a community-owned uncensorable and perpetual layer of the global web. Their technology enables the development of fully decentralized, permanently hosted web applications. Founders can use Arweave to form profit sharing communities (PSCs) around their applications, which represents a fundamentally new and fairer business model for their apps. You can find out more about profit sharing communities and their associated tokens here.
Arweave has been partnering with Gitcoin since 2018, helping to build over 200 projects through sponsored hackathons. Join their lively tribe and read more about Arweave’s technology here.
To get involved with the Arweave community directly, check out Arweave’s Developer Discord or follow Arweave on Twitter to join the conversation. For more information and to get started: