Longhash Ventures Announces Joining Forces With Terraform Labs
2022.04.06 17:11
Longhash Ventures Announces Joining Forces With Terraform Labs
- LongHash Ventures has partnered up with Terraform Labs.
- The duo will launch the LongHashX Accelerator Terra cohort.
- LongHash Ventures will be investing in Web3 protocols on the Terra blockchain.
LongHash Ventures has entered into a partnership with Terraform Labs to launch the LongHashX Accelerator Terra cohort. This collaboration will open up the LongHashX Accelerator to founders and startups building in the Terra ecosystem.
The main objective of the partnership is for LongHash Ventures to accelerate and invest in the next generation of leading Web3 protocols building on the Terra blockchain. The LongHash Ventures team says that they are confident that this is the first of many opportunities to collaborate with Terraform Labs.
Emma Cui, Founding Partner of LongHash Ventures, says that they are thrilled to partner with Terra to run their 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.
Do Kwon, Co-Founder and CEO of Terraform Labs (TFL) stated that 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.”
Ten projects will join the LongHashX Accelerator Terra cohort and will go through a 12-week program, starting in June 2022. Projects will receive guidance and support across various areas.
LongHashX is the accelerator program of LongHash Ventures, and is the first and leading Web3 accelerator in Asia. LongHash Ventures is one of the few venture capital firms to run its own accelerator program and offer teams full support every step along the way.
The Terra protocol is the leading decentralized and open-source public blockchain protocol for algorithmic stablecoins. Terra has become the second-biggest blockchain by Total Value Locked (TVL), with its TVL skyrocketing to $37.5 billion from under $1 billion a year ago.
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