Permissionless Capital, a web3 platform for startups, has announced the launch of its Permissionless Opportunities Event, inviting web3 startups to apply for a chance to secure resources and support to bring their products to market, as reported by the company. The program aims to provide eligible web3 startups access to tools, funds, and connections to navigate the blockchain industry and successfully launch their offerings.

According to Permissionless Capital, applications for the event can be submitted in just 90 seconds, with no fees or pitches required. The company expects dozens of startups to apply for the inaugural Permissionless Opportunities Event, with the best applicants subsequently invited to participate. The event, touted as the largest for web3 and blockchain startups, gamifies the fundraising process and empowers outstanding companies to fulfill their potential.

Permissionless Capital has secured partnerships with prominent players in the web3 ecosystem, including Solana, ImmutableX, Chainlink, and ArWeave. The Permissionless Opportunities Event is designed as a gameshow with an audience participation component. The company will determine the contest winners equally by expert judges and community consensus.

Winners of the Permissionless Opportunities Event will have the opportunity to pitch to more than 50 leading VCs and partner with ecosystems that will help advance their concepts and provide mentoring and technical support. Other perks include 1:1 access to expert advisors, credits, discounts, and extensive coverage in media outlets to raise their profile.

The program targets web3 startups in the DeFi, infrastructure, security, gaming, and RWAs categories, encompassing B2B and B2C applications. Applications can be registered with Permissionless Opportunities from April 10 to May 1. The company promises to shine a light on the next generation of web3 companies while giving the best applicants everything they require to optimize their prospects of success.

The launch the Permissionless Opportunities Event highlights the growing interest in supporting and nurturing the development of web3 startups, following Bitget’s recent announcement aimed at fostering young talent coming into Web3. AInitiatives like this aim to foster innovation and provide a platform for promising projects to gain traction and access the resources they need to succeed in an increasingly competitive landscape.