Outlier Ventures and Midnight Foundation Join Forces for PETs Accelerator

Outlier Ventures, in collaboration with the Midnight Foundation, has launched a Privacy Enhancing Technologies (PETs) Accelerator, focusing on advancing privacy and autonomy within the Web3 ecosystem. This initiative signals a shift towards a people-centric internet, referred to as The Post Web. It underscores the necessity to rethink identity, reputation, and personal data management, driven by blockchain technologies like zero-knowledge proofs (ZKPs). The accelerator will provide teams with $200k in seed funding, mentorship, and regulatory support. By resolving technical complexities and developing standardization, it aims to lower entry barriers for privacy-centered startups, facilitating the creation of compliant and trusted digital solutions. Startups in identity, infrastructure, open finance, and privacy middleware sectors are encouraged to apply, as they stand to benefit from expert guidance and aid in building applications aligning with global privacy regulations such as GDPR. The program also aligns with institutional adoption of decentralized infrastructures by leveraging synergies between Outlier Ventures and Midnight Foundation's blockchain advancements.