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The globally-acclaimed blockchain platform, Ethereum Classic Labs Accelerator, has proudly announced the launch of its highly-anticipated project, Cohort III. With the dedicated project launch, the ETC Labs team will support the novel initiative, which promotes the use of blockchain for impact and startups focused on social and economic concerns in a global system. The news was made official via a Twitter post by Liz T.K on her social media page. Her post read:
Finally kicked-off Cohort 3 at @etclabs! Excited to be working with @pngmemobile, @pre_rx, @open_relay
and expanding the ETC fam. #ethereumclassic #ethclassic $ETC #blockchaintechnology #blockchainnewshttps://t.co/wTkPkSmH2E— LizTK (@Venture_This) July 20, 2020
Cohort III is the succeeding partner of Cohort I and Cohort II that have enjoyed outstanding success in the market. The previous versions were associated with leading names, including OS City, Second State, Button Wallet, and many others. In its blog post, the ETC team revealed that with Cohort III, they would be giving special emphasis on supporting 50% female founders and innovators. With a view to expanding the ETC family, the platform has onboarded three prominent blockchain firms named Pngme, Prescrypto, and OpenRelay. The firms will be closely working with the ETC community to curate a range of efficient products for the overall growth of the whole ecosystem along with the price perspective of the native token of Ethereum Classic. Explore Ethereum Classic price prediction 2025 to find out how technological advancements will affect the price of ETC.
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Apart from the accelerator, ETC will offer crucial grants to selectively chosen projects that will play a role in addressing and supporting the challenges of blockchain and strengthening cross-chain integration. The startups added to the ETC Labs community shall receive technical expertise from the platform and enjoy direct contact with the ETC Core developer team who manages tools in the Ethereum ecosystem.
About Pngme
Pngme supports financial inclusion, impact projects, and DeFi as a one-shot solution. It works as a financial data API that offers microloans to Micro, Small, and Medium Enterprise entities in the African market space. The lenders can use the platform to underwrite, issue, and manage loans while allowing the lenders to give their financial information, apply for a loan, and grant permission to the lenders for extracting the stored data. The interface is seamless, which can be easily accessed on mobile phones. It helps users to get their financial history, a digital credit mark, and reasonable credit options from multiple lenders.
About Prescrypto
Prescrypto is a notable venture in the field of medicine. It uses the excellence of blockchain network through its native RexChain to preserve prescribing medical information, which is later transferred to pharmacies for offering medical aids to patients. The decentralized protocol fosters an interoperable, trusted system that ensures reliability and traceability of each prescription. This offers a speedy, simple, and enhanced data transfer mechanism for both customers and medical help providers connected to the system.
About OpenRelay
The firm is a renowned provider of web3 infrastructure services studded with high-performance blockchain tools for the Ethereum Classic developer network. OpenRelay is a keen supporter of the prime objectives of the ETC Labs ecosystem and offers high-end decentralized tools to manifest the thriving goals of the network. It caters to developers’ requirements by offering them the best tools and services on a streamlined interface for a negligible cost expenditure and resource maintenance.
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