TZ APAC Announces Second Cohort of Fortify Labs to Boost Web3 Startups

• Fortify Labs provides a Web3 startup studio experience that is tailored to the specific needs of entrepreneurs, complete with small cohort sizes and high-quality, individualized assistance.
• An impressive number of notable success stories were produced by the first cohort of 2024.
• Over the course of a seven-month remote program, the projects that have been chosen for this year will get extensive assistance.

The second cohort of Fortify Labs, a startup studio that empowers talented builders who are developing on Tezos or Etherlink, has been announced by TZ APAC, which is the largest blockchain adoption entity located in Asia that supports the Tezos ecosystem. Fortify Labs provides a Web3 startup studio experience that is tailored to the specific needs of entrepreneurs, complete with small cohort sizes and high-quality, individualized assistance. Bluwhale, Facial DN(A+I) Network IDRX, Lilypad, and Predictwise are the projects that have had their applications accepted into the cohort.

An impressive number of notable success stories were produced by the first cohort of 2024. The number of monthly active users on Questflow multiplied by 156, and the company’s revenue increased by more than 500%. With a high of 1,300 daily active users on the blockchain, OCV Labs went from zero to having five figures in revenue. Additionally, the close coaching that has been offered by the Fortify Labs team has assisted companies in overcoming obstacles and continuing to progress in the correct route. An excellent illustration of this is akaSwap, which transitioned from being a web3 gaming platform to a web3 activation agency that focuses on creativity. Additionally, OCV Labs and akaSwap were successful in obtaining funding from the Tezos Foundation after achieving important requirements. These criteria included growth in metrics like as revenue, weekly active users, volume, and community.

Over the course of a seven-month remote program, the projects that have been chosen for this year will get extensive assistance. Additionally, there will be three in-person meetings held at the Singapore offices of TZ APAC. A mentor with decades of expertise in the field of entrepreneurship will be available to each and every new business. This mentor will be able to provide assisOver the course of a seven-month remote program, the projects that have been chosen for this year will get extensive assistance. tance in areas such as going to market, funding, and strategy. Fortify Labs will also provide marketing assistance to the companies in order to increase their exposure in front of a thriving community. Additionally, the team will offer technical assistance to the founders in order to assist them in refining their product in order to make it market-ready and user-friendly. Also, startups will have access to partnership assistance, which will facilitate introductions to venture capitalists for the purpose of funding and advisers for the purpose of growth.

In addition, each project will be awarded a grant of $10,000 following the achievement of a milestone, and they will have the opportunity to obtain an additional investment of up to $200,000 depending on the growth of their revenue, the number of weekly active users, the volume, and the level of community engagement.

David Tng, Managing Director at TZ APAC stated:

“Fortify Labs represents our commitment to roll up our sleeves and help the next generation of Web3 innovators succeed. We’ve designed this program to provide bespoke mentorship and strategic guidance in the areas early-stage founders need most. We’re excited to see this new group of visionaries transform their ambitious ideas into sustainable, profitable businesses on Tezos and Etherlink.”

Applicants from a wide variety of industries, such as decentralized personalization protocols, online esports platforms, artificial intelligence rendering networks, and fully collateralized stablecoins, participated in this year’s program. Following a stringent selection process, the teams that emerged victorious will be provided with extensive assistance in their pursuit of profitability.

Fortify Labs is a complement to the recent ecosystem milestones that TZ APAC has achieved, such as the recent investment partnership with Quantix Capital for Tezos gaming projects that was worth one million dollars. Through TZ Apex, a community rewards program designed to strengthen engagement with projects built on Tezos and Etherlink, Web3 enthusiasts will have the opportunity to learn about Fortify Labs projects and will be rewarded for their participation in the process.

Fortify Labs is a Web3 startup studio that was developed by TZ APAC with the intention of fostering startups that are built on ETherlink and Tezos. In 2024, TZ APAC went beyond merely enabling innovation to build Web3 companies that were ready for the market and commercially successful. This was accomplished after the organization had already successfully run two Web3 Incubator cohorts. To obtain additional details regarding the support that Fortify Labs provides, please click on this link.

TZ APAC is a Web3 ecosystem builder that enables founders, creators, developers, and institution leaders to flourish from their respective positions. TZ Asia-Pacific is a hyper-local organization with a mission to cultivate the next generation of champions in the fields of culture and community, gaming, and decentralized finance in the region. The organization has dedicated teams located all over Asia. As a result of TZ APAC’s dedication to building a robust network of Web3 startups, grassroots communities, and worldwide organizations, Tezos is quickly becoming the blockchain of choice in Asia. Singapore serves as the headquarter for TZ APAC, which is backed by the Tezos Foundation.

Additionally, Tezos is an open-source and energy-efficient blockchain that was developed with the intention of empowering businesses, developers, and institutions while also facilitating the transfer of value in a digital setting. The scalable deployment of decentralized applications is the primary focus of its design principles. Because it is one of the first blockchains to use Proof of Stake, Tezos is supported and valued all over the world due to its robust governance, the ability to upgrade over the long term, and its smart contract capabilities.