Wolf offers $250,000 and a trip to New York to develop Lightning.

Stone Ridge Holdings Group, the parent company of NYDIG, a provider of bitcoin (BTC)-themed financial services and technology solutions, has launched Wolf, an “accelerator” for projects or startups dedicated to developing initiatives on Bitcoin’s Lightning network.

As they point out in a press releaseWolf, based in New York, U.S., plans to recruit representatives and founders from companies around the world who will live together for eight consecutive weeks to develop projects on Lightning.

Wolf clarifies in his website that there are three eight-week programs to be held in New York City. All are scheduled for next year, the first from April 3 to May 26.. For this, applications will be open until December 31, 2022.

The next program will be held from July 17, 2023 to September 6; and the last from October 16 to December 6 next year.

The programs include sponsorship and mentorship from Stone Ridge and NYDIG investors, as well as “experts in Bitcoin, Lightning, Taro, cryptocurrency, regulations, marketing, branding, finance, operations and more,” Wolf indicates.

Stone Ridge is an asset management company founded in 2012, which currently has about $10 billion under management, according to Everipedia. It is a BTC-related institution, so much so that it is in 2020 purchased at least 10,000 coins.

Transportation and accommodation in New York City

Ross Stevens, founder and CEO of Stone Ridge and founder and executive chairman of Wolf, akain a video shared on Twitter, that this year’s development of Bitcoin and Lightning “has been incredible,” and that the accelerator focused solely on the micropayment network is looking specifically for scalability of projects.

For this reason, the executive invites developers and innovators to apply for a position at the company, ensuring that your company will pay for transportation and lodging in New York. for the eight-week duration of the program.

According to the official website, developers and interested parties who are accepted into Wolf, will receive a guaranteed direct investment of US$250,000. Winners in each program will receive an additional US$500,000.

“Every once in a while a technological breakthrough comes along that changes everything,” said Stevens, who insisted that anyone who is passionate about Lightning can choose to join the company he heads.

In his website Wolf’s website states. accepting applications from individual developers and small teamswith ideas or projects in the early stages, “up to and including those ready for Series A funding.”