Terraform Labs, the company behind the Terra (LUNA) blockchain, has teamed up with LongHash Ventures, a Web3-focused venture capital firm, to “open up the LongHashX Accelerator to entrepreneurs and businesses developing in the Terra ecosystem.”
As a result of this collaboration, LongHash Ventures will offer its network of investors and founders to terra-native firms, and any project accepted into the programme will get up to $500,000 in investment.
Do Kwon, co-founder and CEO of Terraform Labs, emphasised:
“The LongHashX Accelerator has a consummate track record as one of the most successful programmes 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.”
We're proud to announce that LongHashX Accelerator will be partnering with @terra_money to launch the LongHashX Accelerator Terra Cohort!
Applications are now OPEN! 🚀🌝
If you're a start-up building on Terra, the LongHashX Accelerator will be perfect for you.
Here's why 🧵👇 pic.twitter.com/TFqGHHv9Rh
— LongHash Ventures (@LongHashVC) April 4, 2022
According to Emma Cui, a founding partner, LongHash Ventures wants to “substantially ramp up our LongHashX Accelerator programme” in 2022.
She stated:
“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 about continuing to expand our accelerator partnership model with one of the world’s leading Web3 ecosystems. “
According to sources, the LongHashX Accelerator Terra cohort will have ten initiatives. They will begin a 12-week mentoring programme in June that will cover product strategy and design, tokenomics, governance, tech mentorship, community building, and fundraising, among other topics.
LongHashX will also host “monthly seminars and fireside talks with industry heavyweights,” as well as “weekly one-on-one issue solving sessions with venture builders and weekly mentor office hours.”
The programme will culminate with a “Demo Day,” during which the selected businesses will present their goods to investors.
