LongHash Ventures and Protocol Labs are pleased to announce the launch of the 3rd LongHashX Accelerator Filecoin Cohort program as part of their ongoing partnership.
LongHash is the first Web3 Accelerator in Asia and the leading Web3 venture fund in the region while Protocol Labs is the creator of Filecoin and IPFS. As per the announcement, the 3RD LongHashX Accelerator Filecoin Cohort aims to accelerate early-stage teams building projects in the Filecoin ecosystem. For this program, only ten projects will be selected and applicants have until June 24th, 11:59 pm (GMT+8) to apply.
Commenting on the partnership, Emma Cui, Founding Partner and CEO of LongHash Ventures said:
“We are very excited to continue our partnership with Protocol Labs as we launch the third LongHashX Accelerator Filecoin Cohort. As demand for decentralized storage grows, Filecoin is well-placed to be the leading choice for Web3 developers. We are looking forward to more NFT, GameFi, and Metaverse use cases, as well as middleware, infrastructure, and tooling protocols using Filecoin. As a long-time partner of Protocol Labs, we are proud to witness the tremendous growth of the Filecoin ecosystem.”
The 3rd LongHashX Accelerator Filecoin Cohort program will run for 12 weeks. During this period, projects will go through a series of workshops and fireside chats across six modules. These will include various topics such as tokenomics, product strategy, and design, governance, tech mentorship, community building, and fundraising. The program will conclude with a Demo Day where startups will have the opportunity to pitch to investors.
Selected projects will also get access to LongHash Ventures’ network of portfolio companies, community users, and investors that could lead to strategic partnerships, investments, and new users. Through this program, projects will receive $200,000 funding. LongHash Ventures can also offer an additional $300,000 discretionary investment in the most promising projects once they complete the program.
In addition, LongHashX Accelerator’s Venture Builders is also planning to host weekly one-on-one problem-solving sessions aimed at helping founders with their toughest challenges. These sessions will also allow teams to get weekly mentor officer hours with founders, investors, and developers from Protocol Lab’s network and LongHash Ventures.
Since its launch back in 2018, the LongHashX Accelerator has partnered with notable ecosystems such as Algorand, Polkadot, Filecoin, and many others. Past graduates of the Filecoin Cohorts program include a decentralized secure video calling app called Huddle01, a decentralized access cohort network called Lit Protocol, and a permanent storage protocol called Lighthouse.