Polygon founder Sandeep Nailwal has unveiled the first 13 Web 3 companies to participate in Beacon, his newly launched startup accelerator.

The team has confirmed that companies involved in the next cohort will each receive $250,000 in support, for an $8 million post-money valuation. 

Nailwal announced Beacon’s launch late last year, with the goal of helping Web 3 founder navigate the challenges of the industry. It uses weekly sessions and mentoring to help startups build a community, market themselves, and launch their product.