LongHash Ventures is elated to announce its strategic partnership with Terraform Labs aimed at launching the LongHashX Accelerator Terra cohort.
As per the announcement, the partnership will open up the LongHashX Accelerator to founders and startups building in the Terra ecosystem. The primary objective of the partnership is reportedly aimed at getting LongHash Ventures to accelerate and invest in the next generation of leading Web3protocls that are building on the Terra blockchain.
Notably, ten projects will join the LongHashX Accelerator Terra cohort. These projects will go through a 12-week program starting in June 2022. Through the partnership, these projects will receive the guidance and support they need across six areas. These will include fundraising, community building, tech mentorship, tokenomics, product strategy and design, and governance.
Commenting on the partnership, Emma Cui, Founding Partner of LongHash Ventures, stated:
“As we significantly scale up our LongHashX Accelerator program in 2022, we are thrilled to partner with Terra to run our next cohort. We have been very impressed by the protocols and development of the Terra ecosystem, and we are very excited to continue to expand our accelerator partnership model with one of the world’s leading Web3 ecosystems. The collaboration gives us an opportunity to accelerate and invest in the next generation of projects building on Terra.”
In addition, the LongHashX Accelerator will also host weekly workshops and fireside chats that will be led by industry leaders. The LongHashX Accelerator also plans to host weekly mentor office hours and one on one problem-solving sessions with venture builders. Note at the end of the program, the organization will hold a Demo Day that will provide startups with the opportunity to pitch to investors.
Do Kwon, Co-Founder, and CEO of Terraform Labs (TFL) added:
“The LongHashX Accelerator has a consummate track record as one of the most successful programs for accelerating Web3 startups. The new Terra cohort unlocks a streamlined pathway for builders to pursue bold ideas replete with first-class resources, workshops, and guidance – further accelerating a wave of innovation in the Terra ecosystem.”
The Terra protocol is a leading decentralized and open-source public blockchain protocol, created for algorithmic stablecoins. Since its launch, Terra has made significant milestones to become the second-biggest blockchain by Total Value Locked (TVL). Reportedly, Terraform entered into the partnership with LongHash Venture with a strong track record in project investments, partnerships, and leadership skills in Web3-native topics.
As a Web3 investment fund and accelerator, LongHash Ventures has invested in numerous projects including Acala, Balancer, Instaapp, and Zapper. Through the LongHashX Accelerator, LongHash Venture has partnered with Polkadot, Filecoin, and Algorand to build over 50 global Web3 projects.