According to The Block, Polygon co-founder Sandeep Nailwal launched the Web3 startup accelerator Beacon, which will fund early encryption projects through guidance and financial support. Sandeep Nailwal said 15 startups have received funding from Beacon. Beacon offers a 12-week program to mentor and fund entrepreneurs. The first batch of "Cohort 0" of the program was launched in October, with the participation of more than 30 founders from 15 startups, involving DeFi, infrastructure and games. The deadline for the next batch of applications is January 31.