LongHash announces partnership with Terraform Labs

LongHash Ventures and Terraform Labs announced a partnership to launch the LongHashX Accelerator Terra cohort, which will open up the LongHashX Accelerator to founders and startups building in the Terra (LUNA/USD) ecosystem, Invezz learned from a press release. The Accelerator was founded four years ago.

The second biggest blockchain by TVL

With its TVL (total value locked) reaching $37.5 billion, Terra has become the second biggest blockchain by that standard. A year ago, it was less than $1 billion. Terraform Labs embarked on this partnership because of LongHash Ventures’ strong track record of accelerating and investing in leading Web3 protocols.

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LongHash Ventures will provide up to $500,000 in funding to each project selected to join the program. The main goal of the partnership is for them to accelerate and invest in the next generation of leading Web3 protocols building on the Terra blockchain.

Emma Cui, Founding Partner of LongHash Ventures, commented:

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.

10 projects to join LongHashX Terra cohort

Ten projects will join the cohort for the 12-week program, starting in June this year. Projects will receive support and guidance across tokenomics, product strategy & design, tech mentorship, governance, fundraising, and community building.

The Accelerator will also organize weekly workshops with industry leaders and weekly one-on-one problem solving sessions with venture builders.

Do Kwon, Co-Founder and CEO of Terraform Labs (TFL), said:

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.