Orbs & Polygon Announce Accelerator Program Participants
The DeFi development space is alive and well, with Orbs & Polygon’s recently announced accelerator program: DeFi.org.
The group has announced that four projects will benefit from the programme’s support. The four projects are Ithil, Prophet, CURL and reBaked.
The DeFi space has been hit hard by the downturn in global markets, but there’s still a lot of exciting things happening on the DeFi development side. In time, amazing technologies will be developed in space, as people seek more financial freedom in a world where central banks use their power to move markets.
It’s no surprise to see good ideas in the DeFi space, as the global developer community understands that we need new systems without gatekeepers.
All four projects will have access to funding and assistance from Polygon and Orbs. The two main platforms, Polygon and Orbs, have active development communities and will be happy to mentor the four projects that have been selected for the first round of the program.
DeFi is happening – no matter the prices
It’s no secret that DeFi has had a crazy few years. 2021 saw a massive increase in token prices, but it was all about making quick profits. Like any boom, and we mean going back centuries, the money spent in the bubble has created incredible platforms, and a lot of waste.
This is how free markets work. People are driven by profit, and when there is seemingly easy money to be made, prices go up. Both Pets.com and Google shares were destroyed when the dot.com bubble burst, and today we see that Google was the platform to buy.
The same is happening in DeFi – right now.
Nearly 100 projects have applied to this round of the DeFi.org Acceleration Program, which shows just how much is happening in the DeFi development space. When people understand the power of DeFi and that it can create a decentralized global financial system, these platforms will be ready to help.
Boom and bust cycles in markets are normal and people should have free access to markets. The sad reality is that there are billions of people around the world who simply do not have access to financial services because banks and financial regulators do not serve the poorest.
The net result is a system that creates poverty and alienates people from modern financial services. DeFi can change that, as it relies on technology to enable people to access financial services. Money is data, and data is easy to move today.
Of course, power-loving central planners see the potential in these systems, which is why CBDCs are being developed across the world. The key is to educate people on the power of decentralized systems and to create stable, easy-to-use platforms.
More from DeFi.org
DeFi.org is excited to work with Ithil, Prophet, CURL, and reBaked, but there’s plenty more to come. The simple fact is that DeFi will not bow to market chaos, and the platforms that DeFi spawns are so powerful that the space is unstoppable.
Each project selected for the first round of this program offers something unique, and over time, people will start using DeFi in their daily lives. Especially with the current inflationary environment favoring those at the center of the legacy financial system, DeFi has a lot to offer people who need systems that work.
People need better options when it comes to financial services, and the legacy financial system is on its last legs.
Polygon and Orbs are proof that decentralized systems both work and can find lasting support. The future is bright for any platform that enhances human dignity and supports sustainable development.