Draper Goren Holm, the Los Angeles-based venture studio and fund, a partnership between Tim Draper, Alon Goren, and Josef Holm, today announced plans to incubate and accelerate startups built on the Tezos blockchain.

Draper Goren Holm’s bet on Tezos began in 2020 with its backing of Tezos Stable Technologies, the team responsible for building the first Tezos stablecoin, USDtez, as well as its recent backing of a Tezos-based NFT marketplace, Kalamint. Additionally, partner Tim Draper has been a long-time supporter of the Tezos network since its fundraiser in 2017, well before the venture studio and fund’s establishment in 2018.