Scalability is a key factor considered by Silicon Valley accelerator that advises and runs a program for early-stage companies with network effects before choosing to partner Synereo to develop an ecosystem of decentralized applications (dApps) on its Blockchain 2.0 platform.

Its compositional blockchain, RChain, is the first scalable and fast turing-complete Blockchain.

NFX Guild’s partnership with Synereo is somewhat an endorsement of the platform’s premise over the likes of Ethereum’s to make the next generation of developers and other users plug into the emerging decentralized economy.

According to the Managing Partner of NFX Guild, James Currier, Synereo stands out with a balanced perspective of the practical and growth-oriented founding team they have been looking for in over a decade of looking at digital currencies, Blockchain, and the decentralized economy.

He said: "If you do the analysis, Synereo comes out as the superior platform for developing decentralized apps. It runs fully distributed instead of massively replicated. It's JVM top to bottom rather than Python. It's forward compatible, vs other platforms anticipating multiple hard- forks.”

Synereo’s Rholang smart contracting language nullified the DAO attack that struck the Ethereum project.

The hosts of the 75th episode of The Bitcoin Podcast titled Attention Economy with Greg Meredith, the CTO of Synereo, said they have had positive responses from many conversations they had about the sharing of Synereo’s “DAO attack-preventing” code.

Currier added: “Synereo has the identity layer built in which provides distribution advantages and network effects. Lastly, fine-grained concurrency, vs other platforms' linearity, provides greater speeds and scalability."

NFX Guild is a closed group sharing semi-secret information for professional gain. Its 3-month program twice per year covers the unique challenges that face network effect businesses including marketplace balance and liquidity, network density, retention tactics, growth tactics and strategy, benchmarked KPI’s, rake pricing and other fees, effective access to the platform companies, rapid scaling, etc.

NFX only accepts businesses that seek to build network effects -- typically, these are networks, marketplaces and market-networks.

The Synereo project is currently having an additional fundraising campaign whose sales will run until October 18th, scheduled with the release of its alpha social network, and the milestones achieved in the design of its 2.0 tech stack.

With its platform’s RChain-based architecture scheduled to be up and running towards the end of 2017, it will host Synereo’s social network beta shortly afterwards and create an ecosystem of dApps that are deployable on the platform. These dApps are expected to enjoy a network effect between them – a product is said to display positive network effects when more usage of the product by any user increases the product’s value for other users (and sometimes all users).

NFX Guild will select up to three teams that are actively building their dApps using Synereo’s tech stack for the next class of the NFX Guild accelerator program.

The two partners firms will invite developers to participate in a hackathon where they will present and develop their ideas for Synereo-powered decentralized applications. Winners of the hackathon, as well as handpicked Project 11 laureates, will be invited to apply to the prestigious NFX Accelerator Program for which accepted teams will receive $120,000 in investment funds from NFX and an AMP grant from Synereo.

The NFX Guild mentorship-driven startup accelerator was founded by partners and long-term tech investors James Currier, Gigi Levy-Weiss, and Stan Chudnovsky. The Guild has financial backers including CRV, Shasta Ventures, and Greylock Partners.