On December 15th, venture capital company Future Money Group and IoTeX Foundation jointly launched the DePIN (Decentralized Physical Infrastructure Network) accelerator program with a scale of 5 million US dollars, aiming to cultivate innovative Web3 startups in the fields of DePIN, artificial intelligence, and unlocking real-world value.

Each selected project will receive an initial investment of $50,000 and may be eligible for additional funding. This virtual accelerator program will accept applications from December 24, 2023 to January 14, 2024, and the first demo day will be held at the end of February 2024.

During the six-week period, FutureMoney Group and IoTeX Foundation will lead an intensive program, providing networking opportunities, resources, and mentor support, with a key focus on areas including DePIN's flywheel mechanism, token economics, effective pitching and fundraising strategies, technical workshops, modular development tools, marketing strategies, liquidity enhancement, and community engagement.