Amber Group Launches amber.ac Accelerator Program and BUIDL_QUESTS Innovation Challenge to Fuel the Future of Crypto & AI

3 min readJul 24, 2024

Seven years ago, Amber Group embarked on a mission to bridge the gap between the crypto-native world and the broader financial landscape. Today, we stand as a trusted partner, leveraging our foundation of technology, liquidity, and expertise to empower the next generation of innovators. But our journey doesn’t end here. We believe the next chapter of crypto lies in building the infrastructure for the AI economy.

Introducing amber.ac: Empowering the Next Generation of Crypto-Powered AI Innovation

With this vision in mind, we launched amber.ac, an accelerator program designed to empower the next generation of innovators and give back to the community that fueled our growth. Our guiding principle is “Crypto for AI,” envisioning an AI economy powered by trustless, high-frequency transactions. Imagine billions of AI-powered devices seamlessly exchanging value, creating a dynamic and interconnected ecosystem. To handle this scale and complexity, crypto is essential.

BUIDL_QUESTS: Your Chance to Shape the Future of Crypto, AI And More

To kickstart this vision, we’re thrilled to announce BUIDL_QUESTS, a web3 innovation challenge for pushing the boundaries of decentralized tech and AI. This is your chance to join a community of passionate builders, compete for a $40k prize pool, gain mentorship from industry veterans, and fast-track your project into the amber.ac accelerator.

BUIDL_QUESTS: Challenge Themes

Whether you’re a seasoned BUIDLer or just starting your journey, BUIDL_QUESTS welcomes you to explore and contribute to the following themes:

Expanding the Reach of BTC DeFi: This track focuses on innovations that advance BTC’s use and DeFi capabilities as a financial platform.
Distributed Infrastructure & Artificial Intelligence: This track explores novel applications of distributed ledger and decentralized technologies to artificial intelligence systems.
Other Innovative Ideas: We encourage any groundbreaking Web3 idea that leverages emerging blockchain technologies for a more fair and open future.

BUIDL_QUESTS: Prizes, Support, and Opportunities

We’re committed to supporting the most impactful ideas. BUIDL_QUESTS offers a total prize fund of $40,000, with the top three projects receiving $25,000, $10,000, and $5,000 respectively. But the rewards go beyond prize money. Winners will also receive:

Expert Mentorship: Guidance from industry veterans and Web3 experts, including Crypto and AI pioneers.
Fast-Track into Accelerator Program: Potential entry into the amber.ac accelerator program for comprehensive entrepreneurial support.
Networking Opportunities: Connections with top investors and crypto-native projects.
Exclusive Exposure: Opportunities to showcase projects at exclusive Amber Group events.
Marketing Support: Assistance with marketing and business development to scale projects.
Technical Resources: Tools and support to transform prototypes into viable products.

More details about BUIDL_QUESTS can be found in this CoinGape article