Cardano: Genesis preaccelerator project initiated with 13 teams

The Genesis preaccelerator project in Cardano has been launched, involving 13 teams, and has a four-week presence in Silicon Valley. The project aims to integrate early Cardano developers with the Draper University, Draper Dragon and the wider Orion Foundation scheme. The current team involves payments, compliance, agency DeFi, enterprise infrastructure and other Web3 applications. The project began on 17 August and will be concluded with a dedicated investor fair. The team came from six countries and covered a number of areas, including agency DeFi and AI-related applications. Despite a brief acceleration in the August market rebound in Cardano ' s chain, recent data indicate that the number of active addresses and the volume of DEX transactions have declined rapidly in the short term, reflecting continued doubts about the sustainability of market activities。