The Open Web Foundry is a six-week programme guiding founders through the process of launching an amazing new startup on the Arweave’s decentralised web. From initial idea, to product, to acquiring users and pitching to top-tier investors alongside other incredible founders, we are with you every step of the way. We welcome submissions from founders creating a new profit sharing community on Arweave, or further developing an existing one.
Arweave enables the development of fully decentralized, permanently hosted web applications. Not only that, but founders can use Arweave to form profit sharing communities (PSCs) around their applications as well, 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.
The Open Web Foundry is the third incubator programme run by Arweave. Already, more than $1,250,000 in seed investments have been made across nearly a dozen participating projects.
We’re very excited to inspire and support the latest batch of developers to quit their jobs and pursue something they love with Arweave!
As well as potentially fundraising for your project, the Open Web Foundry by Arweave offers:
This programme delivers tailored resources and support to both brand new and existing profit sharing communities on Arweave who wish to push their projects to the next level.
All you need to do to get started is to register here on Gitcoin, and join us on our ecosystem Discord server! Registrations are open to all, throughout the entire programme -- join up any time. We will notify you of upcoming events and deadlines as the programme progresses.
Successful submissions will meet the following criteria:
The Arweave core team will invest $100,000 in total across the projects submitted during the Open Web Foundry programme. Third-party investors will also consider investing alongside Arweave. In previous programmes, external investors have injected more than $1,000,000 into participating startups. The Arweave investment will be made in exchange for the project’s profit sharing tokens.
The winning projects will be selected by the core Arweave team following the Gitcoin submission deadline on April 9, then negotiations for token purchase will be made individually with each project and its founder(s).
The programme will offer a wide range of events, including these expert masterclasses:
The programme begins on the 1st of March 2021, and the submission deadline is the 9th of April 2021.
See you on the permaweb!
Visit the Prize Explorer to check out the prizes posted by our hackathon sponsors. Click each prize to show important details, including the submission requirements, submission deadline, etc.
Chat with other hackers, ask sponsors and the Gitcoin team questions, find or create a team, and communicate real-time. Click here to join the party!.
When your team is formed please have one of your teammates navigate to each prize page you plan to compete for and click the “Start Work” button.
Build your cool ideas and make your vision come true with your team!
When your project is completed, submit your work by clicking the “Submit Work” button on the prize page/
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