Empowering global crypto startups with funding, mentorship, and industry connections through new amber.ac initiative
SINGAPORE, July 16, 2024 -- Amber Group, a leading global digital asset company, has announced the launch of its new accelerator program, amber.ac. With this launch, the company reaffirms its commitment to fostering blockchain and AI innovation and empowering the global crypto community.
"We want to give back to the crypto community and become a catalyst for cutting-edge crypto innovation."
The program was unveiled at a kickoff ceremony in Singapore, streamed live to a global audience. The event also introduced the first two incubated companies, Haven One and edgeX, and launched the inaugural BUIDL_QUESTS web3 innovation challenge.
Empowering the Crypto Community and Accelerating Crypto and AI Innovation
Amber Group's CEO and Co-founder, Michael Wu, presented the vision for amber.ac as a catalyst for frontier crypto innovation. As a seasoned player in the crypto realm with a seven-year track record, Amber Group brings to the table extensive technical expertise, liquidity, and professional acumen. The company has consistently demonstrated leadership in its core businesses: ALIR (Advisory, Liquidity, Investment & Research), Asset Management, Digital Wealth Management, and Enterprise Infrastructure Solutions.
Amber Group has spent the past seven years bridging the gap between the native crypto world and the broader world beyond crypto. With the launch of amber.ac, Michael and Thomas Zhu, Co-founder and CTO, aim to strengthen the firm's commitment to empowering crypto entrepreneurs, thus fueling the next phase of growth within the crypto industry.
"In launching amber.ac, we want to give back to the crypto community and become a catalyst for cutting-edge crypto innovation. This aligns with the shared aspiration of the Amber Group team, including our late co-founder TT," explained Michael.
Crypto for AI: Paving the Way for the Future AI Economy
The guiding principle of amber.ac is "Crypto for AI", which sets out to harness blockchain and tokenization technology to build the infrastructure for the AI economy. The program aims to identify and support high-potential early-stage crypto startups from around the globe. Their support includes targeted funding, technical assistance, expert guidance, and access to a wealth of ecosystem resources to help these startups transform their innovative ideas into reality.
Commenting on the potential of crypto technology, Michael acknowledged that while the technology is still in its infancy, the impending AI economy holds significant promise. He sees blockchain technology as a means to facilitate trustless transactions, providing a secure and reliable infrastructure for the AI economy.
"Building for the AI economy with crypto is a journey we're just embarking on. We need the courage to build not just for the present, but with an eye towards the future. We need to price in what we believe about the future, and build according to our vision and beliefs. This is a leap of faith, a commitment to building with conviction for the future. And we will be there with you every step of the way. amber.ac is committed to building towards that future, along with everyone who wants to be a part of it," Michael emphasized.
Watch the amber.ac Introduction
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