THELOGICALINDIAN - Terraform Labs boarded on this affiliation because of LongHash Ventures able clue almanac of accelerating and advance in arch Web3 protocols
LongHash Ventures is aflame to advertise a affiliation with Terraform Labs to barrage the LongHashX Accelerator Terra cohort. The affiliation will accessible up the LongHashX Accelerator, aboriginal accustomed in 2024, to founders and startups architecture in the Terra ecosystem.
The LongHashX Accelerator Program
Terra has become the additional better blockchain by Total Value Locked (TVL), with its TVL skyrocketing to $37.5 billion from beneath $1 billion a year ago. Terraform Labs boarded on this affiliation because of LongHash Ventures’ able clue almanac of accelerating and advance in arch Web3 protocols. This affiliation is a assiduity of LongHash Ventures’ accelerator affiliation model, accepting partnered with notable ecosystems such as Polkadot, Filecoin, Algorand, and others in the past.
In addition, LongHash Ventures brings accustomed anticipation administration in Web3-native topics, opens admission to its arrangement of investors and founders, and provides up to US$500k in allotment to anniversary activity called to accompany the program.
The primary cold of the affiliation is for LongHash Ventures to advance and advance in the abutting bearing of arch Web3 protocols architecture on the Terra blockchain. The LongHash Ventures aggregation is assured that this is alone the aboriginal of abounding opportunities to coact with Terraform Labs.
Emma Cui, Founding Partner of LongHash Ventures, commented:
“As we decidedly calibration up our LongHashX Accelerator affairs in 2022, we are captivated to accomplice with Terra to run our abutting cohort. We accept been actual afflicted by the protocols and development of the Terra ecosystem, and we are actual aflame to abide to aggrandize our accelerator affiliation archetypal with one of the world’s arch Web3 ecosystems. The accord gives us an befalling to advance and advance in the abutting bearing of projects architecture on Terra.”
Ten projects will accompany the LongHashX Accelerator Terra accomplice and will go through a 12-week program, starting in June 2022. Projects will accept advice and abutment beyond six areas: artefact action & design, tokenomics, governance, tech mentorship, association building, and fundraising.
The LongHashX Accelerator will additionally host account workshops and abode chats with industry leaders, as able-bodied as host account one-on-one botheration analytic sessions with adventure builders and account coach appointment hours. At the end of the program, there will be a Demo Day area the startups will accept the befalling to angle to investors.
Do Kwon, Co-Founder and CEO of Terraform Labs (TFL), said:
“The LongHashX Accelerator has a able track-record as one of the best acknowledged programs for accelerating Web3 startups. The new Terra accomplice unlocks a automated alleyway for builders to accompany adventurous account abounding with capital resources, workshops, and advice – added accelerating a beachcomber of addition in the Terra ecosystem.”
LongHashX is the accelerator affairs of LongHash Ventures, and is the aboriginal and arch Web3 accelerator in Asia. LongHash Ventures is one of the few adventure basic firms to run its own accelerator affairs and action teams abounding abutment every footfall forth the way.
The Terra agreement is the arch decentralized and open-source accessible blockchain agreement for algebraic stablecoins like UST congenital off of the Cosmos SDK and anchored by a arrangement of analysis alleged Tendermint Consensus. Using a aggregate of accessible bazaar arbitrage incentives and decentralized Oracle voting, the Terra agreement creates stablecoins that consistently clue the amount of any authorization currency. Users can spend, save, trade, or barter Terra stablecoins instantly, all on the Terra blockchain. LUNA, the built-in Terra cryptocurrency that absorbs the appeal fluctuations of UST, provides its holders with staking rewards and babyminding power.
The Terra ecosystem is a bound accretion arrangement of decentralized applications, creating a abiding appeal for Terra’s stablecoins and accretion the amount of LUNA.
LongHash Ventures is a Web3 advance armamentarium and accelerator accommodating carefully with our founders to body their Web3 archetypal and tap into the all-inclusive abeyant of Asia. We launched our armamentarium in January 2021 and invested in projects including Balancer, Acala, Instadapp, and Zapper. We collaborated with their founders to advance their tokenomics, governance, and communities.
With our LongHashX Accelerator, we accept partnered with Polkadot, Algorand, and Filecoin to body added than 50 all-around Web3 projects which accept aloft added than $100m in the accomplished 4 years. Through such investments and alive collaboration, we are committed to acumen our mission of catalyzing advance for the abutting bearing of the Web.
