Stone Ridge Holdings Group, the parent company of Bitcoin infrastructure provider NYDIG has thrown out In Wolf’s Clothing (Wolf), an accelerator dedicated to the Bitcoin Lightning Network Layer-2 protocol.

Wolf looks to bring together innovators in New York City for 8 weeks as they will be mentored to design some of the deepest solutions the industry needs. The accelerator will focus on developing, growing, and financing companies based on Lightning. Stone Ridge will provide lodging and transportation to all eligible teams in each cohort and provide a solid reward for participating.

As announced by the company, all accepted teams receive a guaranteed investment of $250,000, while one winner per group will be chosen to receive $750,000.

While this will be the first accelerator to be dedicated to the Lightning network, different industry giants have been supporting the rise of talented creators and developers in the industry through different means.

An important avenue to support the growth of new talent creating solutions in the industry is through ecosystem funds and, over the past year, avalancheBNB chain, and close protocol among others, they have launched such funds to foster the growth of new creators in their ecosystem.

Stone Ridge-backed Wolf Accelerator will focus on a wide range of topics, including Bitcoin/Lightning/Taro, crypto, regulationengineering, marketing and branding, sales and more.

“Over the past year, the Lightning Network has reached critical mass and we expect its growth to accelerate further from here,” said Kelly Brewster, CEO of Wolf. “That growth is ushering in a wave of innovation and development that will shape the future of decentralized finance. We’re launching Wolf to empower the best founders and teams around the world to build that future. If you have an idea, a proof of concept, or an early-stage business that touches Lightning, Wolf can help you build and scale.”

Accelerator participants will be mentored by internal Wolf veterans, Stone Ridge and NYDIG experts, as well as key industry stakeholders.

Image Source: Shutterstock