10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

Spruce Systems Make It Into Y Combinator (YC W21) The Most Prestigious Accelerator In The World

Spruce Systems who are building decentralized identity tools on Tezos including DIDkit have been accepted into the Y Combinator YC W21 Batch. Y Combinator is considered to be the most prestigious accelerator program in the world.

Spruce Systems

Spruce Systems describe themselves as:

…a digital identity company that reimagines trusted interactions for enterprises and governments. We help our customers create trusted digital ecosystems that reduce transaction costs for business dealings and government services by incorporating real world facts throughout their workflows in a standards-based way.

Our products handle statements about an ecosystem’s actors and assets, including certificates, licenses, audit reports, and formal approvals, packaging them digitally so that they are tamper-proof, information minimizing, and traceable within a data supply chain.

They can then be shared privately and securely to correctly permissioned parties. To foster transparency and interoperability, we will release our core products as open source.

Spruce Systems are building decentralized identity tools on Tezos including DIDkit, they utilize Tezos as their core dependency. They also:

…create public goods for the Tezos ecosystem towards enterprise-ready components around financial assets, government transparency, and other emerging use cases involving trusted information. We don’t have our own blockchain, and we don’t have a token.

They also build Credible, the official decentralized-identity wallet of DID Method Tezos (DID:tz).

Spruce Systems & Y Combinator

Spruce Systems have now been accepted into Y Combinator YC W21 Batch, this was announced by Spruce Systems in Hacker News on Y Combinator. Y Combinator is considered to be the most prestigious accelerator/incubator in the world and has fostered the beginnings of many high-profile companies including Airbnb, Stripe, Dropbox, Coinbase, Zapier, Reddit, Twitch, Docker and Gitlab amongst others.

Being accepted into the Y Combinator program is no mean feat considering over 10,000 startups apply each cycle and it is therefore seen as the ultimate stamp of approval for new companies and projects. Many see the Y Combinator program as:

A sort of “golden key” that opens doors you didn’t even know existed.

With the acceptance into Y Combinator, Spruce Systems will also get seed funding to build out their products. Y Combinator effectively become an investor in the companies they accept into their accelerator program and they therefore have an incentive for those companies to succeed.

They normally accept companies into the program in two batches per year.

It is stated:

The YC program lasts for three months. During those three months, founders participate in group office hours every two weeks and can meet with partners for office hours as often as needed. During the batch, we host a weekly talk at Y Combinator, where we invite an expert in some aspect of startups to speak.

Y Combinator work with the companies on their ideas and also help founders deal with investors and acquirers, including making introductions on their behalf.

Some testimonials from well known entrepreneurs include the following:

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.

Other News

View More
29 September 2023

Van Gogh Digital Collectibles Mark a New Partnership Between The Tezos Foundation and Musée d’Orsay

This partnership signals an innovative foray into the realm of digital art collectibles, anchored by a forthcoming exhibition on Vincent van Gogh. Scheduled to commence on October 3, 2023, the highly anticipated exhibition is titled “Van Gogh in Auvers-sur-Oise: The Final Months”.

Read More
28 September 2023

Fireblocks Extends Full Support for Tezos, Increasing Institutional Access to DeFi and Web3 Ecosystem

Fireblocks has announced the launch of its comprehensive support for Tezos. This development allows Fireblocks customers to securely manage FA1.2 and FA2 token standards on Tezos and utilize Fireblocks’ Web3 Engine to develop new products and services on the Tezos blockchain.

Read More
22 September 2023

CEERTIF: Real-time File Certification via Tezos Blockchain for Construction and Insurance Professionals

CEERTIF, a mobile application for installers, agents, and insurers in France, has introduced a groundbreaking platform that leverages the TEZOS blockchain to secure and geolocate media in real time.

Read More

Subscribe to weekly tezos news

Join The XTZ. News Newsletter To Receive The Latest Tezos
News And Interviews.

Subscribe To Weekly Tezos Token Prices

Join the Tezos Token Price newsletter to receive the latest Tezos token prices on a weekly basis.