LongHash Ventures Partners With Terraform Labs To Accelerate Web3 Development On Terra Blockchain

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Singapore, Singapore, 6th April, 2022, Chainwire

LongHash Ventures is excited to announce a partnership with Terraform Labs to launch the LongHashX Accelerator Terra cohort. The partnership will open up the LongHashX Accelerator, first established in 2018, to founders and startups building in the Terra ecosystem. 

Terra has become the second biggest blockchain by Total Value Locked (TVL), with its TVL skyrocketing to USD 37.5 billion from under USD 1 billion a year ago. Terraform Labs embarked on this partnership because of LongHash Ventures’ strong track record of accelerating and investing in leading Web3 protocols. This partnership is a continuation of LongHash Ventures’ accelerator partnership model, having partnered with notable ecosystems such as Polkadot, Filecoin, Algorand, and others in the past.

In addition, LongHash Ventures brings recognized thought leadership in Web3-native topics, opens access to its network of investors and founders, and provides up to USD 500k in funding to each project selected to join the program. 

The primary objective of the partnership is for LongHash Ventures to accelerate and invest in the next generation of leading Web3 protocols building on the Terra blockchain. The LongHash Ventures team is confident that this is only the first of many opportunities to collaborate with Terraform Labs.

Emma Cui, Founding Partner of LongHash Ventures, comments:

“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