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- 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.
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.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
