Cronos, the blockchain ecosystem developed by Crypto.com announced the creation of an accelerator program that will accelerate progress in decentralized finance (DeFi), Web3 or Metaverse, as well as other areas.

The Cronos Accelerator program, which is $100 million in size, will be driving the initiative. It will help pre-seed and seed crypto projects to seek mentorship, funding, and growth. The announcement states that projects selected for the accelerator program are matched up with mentors who match their interests.