Pharos Network, a Layer 1 blockchain focused on on-chain financial infrastructure and real-world assets (RWAs), has launched Native to Pharos, a builder incubator program, as per the details shared with Finbold on Tuesday, February 3.
The program is backed by $10 million in funding and supported by partners, including Hack VC, Draper Dragon, Lightspeed Faction, and Centrifuge.
Building a RealFi ecosystem and supporting next-generation builders
The incubator is aimed at early-stage projects operating at the intersection of RWAs, decentralized finance (DeFi), and blockchain infrastructure.
Teams accepted to the program will receive technical mentorship, go-to-market and scaling support, and access to investors and ecosystem partners. Additionally, they will be equipped with AI-driven resources and developer tools intended to simplify integration for builders working on Pharos.
The incubator’s first recruitment drive will begin in Hong Kong, where Pharos plans to host initial cohort launch activities. The company will also participate in GWDC, described as Hong Kong’s first large-scale Web3 hackathon, in partnership with Web3Labs and Consensus, as part of its builder outreach.
For the inaugural cohort, the company is prioritizing projects aligned with its architecture, including deep parallel execution and a modular, compliance-aware design aimed at real-world asset use cases. It is seeking teams building decentralized perpetual and spot exchanges, yield and vault infrastructure integrating tokenized RWAs, and prediction markets tied to real-world outcomes.
The applications for the Native to Pharos program are now open through the Pharos Website.
Featued image via Shuttertsock.
Source: https://finbold.com/pharos-launches-10m-realfi-incubator-backed-by-draper-dragon-and-lightspeed-faction/
