Decentralized oracle service Umbrella NetworkThe accelerator program is for those who want to develop data pipelines that will connect to the cryptocurrency market. It was launched because many in the industry feel it’s necessary to help grow emerging fields like decentralized financial (DeFi), blockchain gaming and Metaverse.

Umbrella Network, which announced Tuesday that the $15 million accelerator program will be used to finance companies that bring new data solutions into the blockchain ecosystem. Sam Kim, who is a Partner at Umbrella Network told Cointelegraph that Umbrella Network is focusing on projects related to blockchain gaming and the Metaverse. He also mentioned that Umbrella Network funds digital advertising, Blockchain-based identity, weather and sports, among other areas.