Terra And LongHashX To Come Up With $500,000 Fund For Web3 Startups

LongHashX and Terra have joined hands to boost and make investment in Web3’s next generation protocols in Terra ecosystem.
LongHashX Accelerator has an exemplary track record as among the most progressive programs to give a boost to Web3.
As per the announcement, 10 projects will link to the so-called LongHashX Accelerator Terra cohort, and more to come.

New Collaborations For Web3

TerraForm Labs, organization behind Terra (LUNA) ecosystem, has collaborated with LongHash Ventures, a company focused on Web3 to make LongHash Accelerator accessible to founders and startups being developed on Terra blockchain, according to a press release shared with a news website.

As a result of this collaboration, LongHashX Ventures will open its founders and investors network to Terra indigenous startups and will offer up to $500,000 in funding to every approved project for program.

Do Kwon, co-founder and CEO of Terra Labs said that, LongHashX has an excellent track record as among the finest programs to boost Web3 startups. Latest Terra cohort unveils a streamlined gateway for developers to go after bold ideas replete with top-notch resources, guidance and workshops — additionally giving a boost to a wave of innovation in Terra network.

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

Web3 Ecosystem On Top Of Terra

As per the declaration, 10 projects are going to join LongHashX Accelerator Terra cohort. Back in June, they will participate in a 3-month long guidance program concentrated on 6 areas: product planning and design, fundraising, community building, tech mentorship, governance, and tokenomics.

In addition to this, LongHashX will conduct “fireside chats and weekly workshops” with sector leaders as well as weekly 1 on 1 problem solving sessions with venture developers and weekly mentor office hours.

As per Emma Cui one of the founding partners in LongHash Ventures, the fund strategizes to prominently scale up the LongHash Accelerator program this year.

She said, the organization is pleased to have collaborated with Terra to operate the next cohort. They are impressed by Terra’s development and protocols, and are exhilarated to extend this accelerator collab design with the globe’s top-notch ecosystem.

Eventually, the program will conclude with a Demo Day, where chosen startups are able to deliver their products to investors.

As per a news website, Terra included Bitcoin worth $125 Million to its reserve back on March 22. Meanwhile, Terra’s indigenous token LUNA is at present 6th biggest crypto asset in terms of market cap while blockchain itself is 2nd largest after Ethereum in terms of Total Value Locked.