LongHash Ventures and Terraform Labs have announced the launch of a stream in the LongHashX accelerator, which will be focused on startups operating on the Terra network.
Partners will select ten projects for LongHashX Accelerator Terra. During the summer, their representatives will complete a program with support in areas such as strategy and product design, tokenomics, governance, technical mentoring, community building, and fundraising.
Selected firms will have access to a network of founders and investors, and will also be eligible for funding of up to $500,000.
Terraform Labs chose LongHash Ventures because of the latter’s track record in accelerating the advancement of leading Web3 protocols.
The venture company had previously formed accelerators for startups in Polkadot, Filecoin, Algorand and other blockchains.
According to DeFi Llama, the volume of blocked assets in the Terra ecosystem reached $30.6 billion.
