September 20, 2022 – Singapore, Singapore
LongHash Ventures, Asia’s first Internet 3.0 accelerator and one among Asia’s main Internet 3.0 enterprise funds, at the moment pronounces its partnership with Axelar, a cross-chain communication community for Internet 3.0, to launch the LongHashX Accelerator Cohort 10.
Following the success of its inaugural grants initiative, Axelar is becoming a member of arms with LongHash Ventures for its first accelerator program. The LongHashX Accelerator Cohort 10 goals to speed up early-stage groups and tasks constructing cross-chain.
Axelar is a pure ecosystem accomplice for the LongHashX Accelerator, given LongHash Ventures’ multi-chain thesis, as this system seeks to speed up Internet 3.0 tasks with multi-chain use instances. Axelar connects to over 20 blockchain ecosystems, giving DApp customers the power to work together with any asset or utilityon any chain with one click on.
Emma Cui, CEO and managing accomplice of LongHash Ventures, mentioned,
“We’re very excited to accomplice with the Axelar Basis to launch the primary international accelerator of the Axelar community. Axelar offers the infrastructure required to allow a safe multi-chain future, which aligns with LongHash Ventures’ overarching thesis.
“We’re notably excited to put money into and speed up tasks that may take into consideration modular methods to make use of varied ecosystems and hook up with Axelar to deliver out the very best of every chain and produce us nearer to a multi-chain world.”
Axelar determined to accomplice with LongHash Ventures due to the latter’s in depth expertise operating accelerator applications. Additionally, LongHash Ventures has deep roots and networks within the Asia Pacific area whereas having the ability to present undertaking groups entry to world-class mentors and traders globally.
Sergey Gorbunov, co-founder of Axelar Basis, mentioned,
“The success of the Axelar Grant Program has demonstrated international curiosity in constructing chain-agnostic functions. We’ve seen each builders and traders supporting this motion to assist onboard the following a whole bunch of thousands and thousands of customers and simplify multi-chain interactions.
“Axelar’s unequaled safety and performance has made its ecosystem a funnel for forward-thinking Internet 3.0 DApp groups. We’re trying ahead to accelerating these groups’ progress with LongHash Ventures as an skilled and well-connected international accomplice.”
LongHash Ventures is trying to again multi-chain tasks that hook up with the Axelar community and leverage its basic message passing (GMP) performance, which permits builders to name any perform on any DApp, on any chain.
Utilizing GMP, groups can construct ‘tremendous apps’ that compose capabilities and belongings cross-chain right into a one-click expertise for customers. LongHash Ventures can also be excited about groups that make the most of totally different chains in modular methods (e.g., storage, off-chain computing, token liquidity, NFT minting, privateness and extra).
Axelar will assist tasks chosen for this system by offering developer and technical assist to assist them go multi-chain and discover the probabilities of modular implementations to get the very best out of every chain for his or her explicit use case.
The LongHashX Accelerator Cohort 10 will embrace a sequence of workshops and hearth chats throughout six modulesspecifically Internet 3.0 product technique and design, tokenomics, governance, tech mentorship, neighborhood constructing and fundraising.
Chosen tasks will obtain $100,000 of upfront funding from LongHashX together with assist to assist them elevate funds from different traders. LongHashX Accelerator’s in-house enterprise builders may also conduct weekly one-on-one problem-solving classes to assist founders remedy their challenges throughout the six modules of this system.
Initiatives which can be nonetheless within the R&D part or ideation part are additionally inspired to use. These tasks are eligible to be thought-about for Axelar’s grants applications, that are aimed on the earliest stage of improvement. Initiatives that efficiently obtain grants from Axelar can be invited to hitch the LongHashX Accelerator program’s hearth chats.
Functions for the LongHashX Accelerator Cohort 10 are open till November 11, 2022. Undertaking groups excited about making use of for this system can achieve this here. LongHashX Accelerator will settle for 10 tasks for the Axelar Cohort.
Axelar delivers safe cross-chain communication. Meaning DApp customers can work together with any asset, any utilityon any chain with one click on. You possibly can consider it as Stripe for Internet 3.0. Builders work together with a easy API atop a permissionless community that routes messages and ensures community safety by way of proof-of-stake consensus.
Axelar has raised capital from top-tier traders, together with Dragonfly Capital, Polychain Capital, Coinbase and Binance. Companions embrace main proof-of-stake blockchains, akin to Avalanche, Cosmos, Ethereum, Polkadot and others.
Axelar’s workforce contains specialists in distributed techniques/cryptography and MIT/Google/Consensys alumni. The co-founders Sergey Gorbunov and Georgios Vlachos have been founding workforce members at Algorand.
To be taught extra about Axelar, go to the hyperlinks under.
About LongHash Ventures
LongHash Ventures is a number one Internet 3.0 funding fund and accelerator collaborating intently with founders to construct their Internet 3.0 mannequin and faucet into the huge potential of Asia. LongHash Ventures has invested in additional than 60 tasks, together with Polkadot, Instadapp, Zapper, Astar and Balancer.
We collaborate with founders to develop their tasks’ tokenomics, governance and communities.
As Asia’s first and main Internet 3.0 accelerator, LongHashX Accelerator has partnered with Polkadot, Algorand, Filecoin and others, to construct greater than 50 international Internet 3.0 tasks, which have raised greater than $150 million up to now 4 years.
We’re dedicated to realizing our mission of catalyzing development for the following era of the online.
LongHash Ventures is licensed by the Financial Authority of Singapore.
Say Peng, LongHash
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