On April 6, Future3 Campus, jointly launched by Wanxiang Blockchain Lab and HashKey Group, officially launched the "Pharos Incubator" with Pharos Network. The incubator will focus on supporting high-quality projects within the Pharos Network ecosystem and help build the ecosystem through a nine-month entrepreneurial incubation. Pharos Devnet is now online, and Testnet and Mainnet are scheduled to be launched in the second and third quarters. This incubator will select no more than 15 high-potential projects, and the selected teams will receive investment and resource support from the Pharos Ecosystem Fund. The recruitment channel is open today and registration ends on May 11 .
Pharos is an ultra-high-performance blockchain platform that reaches new performance heights in the EVM Layer 1 space, capable of processing up to 50,000 transactions per second (TPS), and is the first platform to reach 2 gGas/second. Pharos was founded in July 2024 by former core members of Ant Group's blockchain business, and its CEO is Alex Zhang, former CTO of Ant Chain. Based on the team's deep technical accumulation in Ant Group, Pharos aims to bridge the gap between traditional finance and the decentralized world by providing top solutions for physical assets (RWA) and decentralized finance (DeFi). The company's potential has been recognized by the blockchain and venture capital community, and it has currently received seed round financing led by Lightspeed Faction and Hack VC, as well as support from other well-known investors, highlighting the industry's confidence in Pharos' vision to revolutionize the financial landscape.
At the Web3 Carnival in Hong Kong, Du Yu, Executive Director of Wanxiang Blockchain and Head of Wanxiang Blockchain Lab, mentioned, "We look forward to working with Pharos to build a bridge between traditional finance and the decentralized world." Pharos Network CEO, Alex Zhang said, "Pharos is honored to work with Future3 Campus to launch the 'Pharos Incubator'. As a high-performance blockchain platform, we are committed to providing the best solutions for RWA and enterprise-level DeFi. This incubation program will help us cultivate innovative projects and jointly promote the development of blockchain technology and application innovation."
The projects recruited by Pharos Incubator this time cover the following tracks:
• RWA and payment tracks, such as institutional-level RWA platforms, RWA-collateralized lending platforms, asset tokenization tools, payment protocols, etc.;
• DeFi track, such as DEX, Web3 wallet, liquidity staking platform, etc.;
In recent years, Future3 Campus has successfully held ecological project incubation camps many times, and cooperated with many global leading ecological partners such as TON, Polkadot, Dfinity, etc., and has helped more than 100 projects to achieve growth and development beyond expectations. During the Pharos Incubator incubation period, Future3 Campus will continue to use Hong Kong, Singapore and other places as incubation bases, relying on its deep accumulation in technology research and development, commercial applications, project incubation, etc., to provide customized guidance for the projects in the fields of investment and financing, user growth, economic models, legal compliance, etc., to help team members and projects improve in sync, and go faster, more steadily, and further.
It is worth mentioning that Pharos has previously established a $20 million ecological fund, part of which will be used specifically to support this incubation program. Therefore, in addition to comprehensively improving the project completion and team member capabilities, outstanding teams will also have the opportunity to obtain investment and resource support from the Pharos Ecological Fund.
