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- The lightning accelerator project includes mentorship, funding, and work space with non-remote.
- The “In Wolf’s Clothing” project will be based in Manhattan, New York.
The CEO of Stone Ridge Holdings Group and executive director of the New York Digital Investments Group (NYDIG) subsidiary, Ross Stevens, made an announcement on August 26, 2022, in Austine, Texas.
In the Stone Ridge shareholder letter of Stevens with his co-written article “On Impossible Things Before Breakfast,” he has been seen as a Bitcoin supporter. It includes his participation in the MicroStrategy corporate strategy program, along with his interview with another Bitcoin supporter, Michael Saylor.
Stevens said that “I want to live in a world of rules, not governed by rulers.” It must be noted that NYDIG has made multiple investments and loans in the Bitcoin industry. While 26,200 miners get back to them for paying off some debts. NYDIG also came into the highlight when it partnered with the New York Yankees. This partnership lets its employees make the conversion from their salaries to bitcoin.
Additionally, Stevens shared the belief of many Bitcoiners by stating, “The technology underlying shitcoins is brittle.” He assured his audience that his firm “will always stay bitcoin.” In a paper with Allen Farrington, he discusses his prime mission, “The concept of decentralized finance is powerful, noble and worthy of a lifetime of focused efforts.”
Lightning Accelerator Project
On the announcement of the Lightning Accelerator Projected by NYDIG, Stevens said, “The reality is that this year, the progress in Bitcoin and Lightning is staggering. Month after month after month, the nodes on Lightning are growing.”
The accelerator project is associated with individual founders and its small teams, developers of the Lightning project, Taro and covenants, and pre-seed, seed, and series A companies. It also has transportation and lodging facilities for participants across the world.
The program, it will run in eight-week groups, which will have 8-12 teams per group and top mentors within office hours. For each team, there will be prominent seed capital with investors and full-time in-house specialization.
Lastly, Stevens added “We’re coming for your fiat. Let’s work tirelessly to make finance decentralised. Let’s work tirelessly to make money decentralized.”
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
