As part of a partnership with Terraform Labs, LongHash Ventures, a Singapore-based blockchain investor, is launching an accelerator that will be focused on the Terra ecosystem.
Terra’s first-ever accelerator has been marked by the new program dubbed LongHashX Cohort 8. In the past, LongHash Ventures has collaborated with other blockchain firms, including Polkadot, Filecoin, and Algorand, to establish similar initiatives.
Participants can get up to US$300,000 in extra funds after finishing the program, in addition to an upfront investment of US$200,000. They will also benefit from workshops and learning opportunities on topics such as community development, governance, tokenomics, fundraising, product strategy, and more.
Terra is a public blockchain system that aims to make decentralised finance more accessible to the general population. At the end of 2019, the company revealed plans to expand into Southeast Asia, with Singapore serving as the regional base.
LongHash Ventures is funded by investors such as Enterprise Singapore, HashKey Capital, and Fenbushi Capital among other investors. The firm’s accelerator program has aided the creation of firms such as Zapper, Balancer, Acala, and Mintable, among many others.
In October of last year, the Singapore-based venture capital firm announced the launch of its seventh cohort, which included investments in nine firms.