Leading Web3 advisory and solutions provider, Horizen Labs Ventures (HLV), and prolific Web3 early-stage venture capital fund, Red Beard Ventures (RBV), have jointly announced the launch of Denarii Labs, a collaborative ‘tokenomics’ accelerator aimed at empowering the next era of Web3 projects.
The objective of Denarii Labs is to foster Web3 entrepreneurs and their creative business ideas in order to enable the development and implementation of successful fungible token strategies and tokenomics models with the backing of top-tier advisors, strategic partners and investors.
This transformative accelerator program will provide selected Web3 projects with hands-on, personalised tokenomics advisory services and seasoned mentorship, unparalleled networking and funding opportunities, weekly education sessions and seminars and initial funding of a $100,000 investment from Denarii Labs with an option for an additional $200,000.
Denarii Labs expects to select five initial Web3 startups for its inaugural cohort and is also open to projects working on or considering a token launch that would benefit from world-class tokenomics design.
Rohan Handa, SVP of Business Development at HLV, says: “Our ultimate goal is to prepare each venture to be in the position to attract credible investors and strategic partners, and progress to the token launch development and implementation phase by the end of the program.”
Scheduled to begin in the third quarter of 2023, and lasting three months, the program will culminate with an invitation-only Demo Day where dozens of venture capital firms, other investors and potential partners will review and potentially invest in the individual projects.
“Web3 tokens have already redefined the way we engage with digital assets and value, but launching a token is full of challenges,” says Drew Austin, Founder & Managing Partner at RBV.
“Based on our collective experience, we intend to empower our program participants to understand sustainable economic models and viable tokenomics strategies, while being prepared for cybersecurity risks of token launches.”
“Having a sound tokenomics model is the first step in the long-term sustainability and success of a token-based project,” explains Liat Aaronson, Co-Founder & Managing Director of HLV.
“By creating thoughtful and viable tokenomics that align stakeholder incentives, we can promote genuine innovation and equitable distribution of ownership and value.”