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.

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:

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: