20 September 2022 – Singapore, Singapore
Long Hash VenturesAsia’s first Web 3.0 accelerator and one of Asia’s leading Web 3.0 venture funds, today announced the launch of LongHashX Accelerator Cohort 10 in partnership with Axelar, the cross-chain communication network for Web 3.0.
Following the success of its first grant program, Axelar is launching its first accelerator program with LongHash Ventures. LongHashX Accelerator Cohort 10 is designed to accelerate early-stage teams and projects to build cross-chain.
Given LongHash Ventures’ multi-chain paper, Axelar is a natural ecosystem partner for the LongHashX Accelerator, as the initiative aims to accelerate Web 3.0 projects with multi-chain use cases. Axelar connects to more than 20 blockchain ecosystems, enabling DApp users to interact with any asset or applicationon any chain One click.
Emma Cui, CEO and managing partner of LongHash Ventures, said,
“We are delighted to partner with the Axelar Foundation to launch the Axelar Network’s first global accelerator. Axelar provides the infrastructure needed to enable a secure multi-chain future, consistent with LongHash Ventures’ overall thesis.
“We are particularly excited about investing in and accelerating projects that will consider using various ecosystems and connecting to Axelar in a modular fashion to get the best out of each chain and bring us closer to a multi-chain world.”
Axelar decided to partner with LongHash Ventures because of the latter’s extensive experience in running accelerator programs. In addition, LongHash Ventures has deep roots and networks in the Asia Pacific region, while providing project teams with access to world-class mentors and investors around the world.
Sergey Gorbunov, co-founder of the Axelar Foundation, said,
“The success of the Axelar grant program demonstrates global interest in building chain-agnostic applications. We have seen both developers and investors support this movement to help the next hundreds of millions of users and simplify multi-chain interactions.
“Axelar’s unmatched security and capabilities make its ecosystem a funnel for forward-thinking Web 3.0 DApp teams. We look forward to accelerating the progress of these teams with LongHash Ventures as an experienced and well-connected global partner.”
LongHash Ventures is looking to support multi-chain projects that connect to the Axelar network and leverage its Generic Messaging (GMP) capabilities, which enable developers to call any function on any DApp on any chain.
Using GMP, teams can build “super applications” that combine functions and assets across chains into a one-click experience for users. LongHash Ventures is also interested in teams leveraging different chains in a modular fashion (e.g. storage, off-chain computation, token liquidity, NFT minting, privacy, etc.).
Axelar will support the projects selected for the program by providing developers and technical support to help them implement multiple chains and explore the possibility of modular implementations to get the most out of each chain for their specific use cases.
LongHashX Accelerator Cohort 10 will include a series of workshops and fireside chats across six modulesNamely Web 3.0 product strategy and design, token economics, governance, technical mentoring, community building and fundraising.
Selected projects will receive an up-front investment of $100,000 from LongHashX and support to help them raise funds from other investors. LongHashX Accelerator’s internal risk builders will also conduct weekly one-on-one problem-solving sessions to help founders address the challenges they face across the program’s six modules.
Applications from projects still in the R&D or Idea stage are also encouraged. These projects are eligible to be considered for Axelar’s grant programs, which target the earliest stages of development. Projects that are successfully funded by Axelar will be invited to join a fireside chat in the LongHashX accelerator program.
The application deadline for the LongHashX Accelerator Cohort 10 is November 11, 2022.Project teams interested in applying to the programme can do so here. LongHashX Accelerator will accept 10 projects from Axelar Cohort.
Axelar provides secure cross-chain communication.This means DApp users can interact with any asset, any applicationon any chain One click. You can think of it as the Stripe of Web 3.0. Developers interact with simple APIs on a permissionless network that routes messages and secures the network through proof-of-stake consensus.
Axelar has raised funds from top investors including Dragonfly Capital, Polychain Capital, Coinbase and Binance. Partners include major proof-of-stake blockchains such as Avalanche, Cosmos, Ethereum, Polkadot, and more.
Axelar’s team includes distributed systems/cryptography experts and MIT/Google/Consensys alumni. Co-founders Sergey Gorbunov and Georgios Vlachos are members of the founding team of Algorand.
To learn more about Axelar, visit the link below.
About LongHash Ventures
LongHash Ventures is a leading Web 3.0 investment fund and accelerator, working closely with founders to model Web 3.0 and tap into Asia’s vast potential. LongHash Ventures has invested in more than 60 projects, including Polkadot, Instadapp, Zapper, Astar, and Balancer.
We work with founders to develop their project’s token economics, governance and community.
As Asia’s first leading Web 3.0 accelerator, LongHashX Accelerator Partnered with Polkadot, Algorand, Filecoin and more to build over 50 global Web 3.0 projects, raising over $150 million over the past four years.
We are committed to our mission of promoting the growth of next-generation networks.
LongHash Ventures is licensed by the Monetary Authority of Singapore.
Say Peng, LongHash