Singapore, Singapore, 20th September, 2022, Chainwire LongHash Ventures, Asia & s first Web3 Accelerator and among Asia & s leading Web3 endeavor funds, today introduces its partnership with Axelar,
a cross-chain communication network for Web3, to release the LongHashX Accelerator Cohort 10 Axelar Cohort. Complying with the success of its inaugural grants initiative, Axelar is joining hands with LongHash Ventures for its initial accelerator program.
The LongHashX Accelerator Cohort 10 purposes to accelerate early-stage teams as well as tasks building cross-chain. Axelar is an all-natural community partner for the LongHashX Accelerator, given LongHash Ventures & multi-chain thesis, as the program looks for to speed up Web3 jobs with multi-chain use instances. Axelar connects to over 20 blockchain ecosystems, giving dApp individuals the capacity to engage with any kind of possession or application, on any chain, with one click.
Emma Cui, CEO and also Managing Partner of LongHash Ventures, stated: && We are very thrilled to companion with the Axelar Foundation to release the first global accelerator of the Axelar network. Axelar provides the infrastructure required to enable a safe and secure multi-chain future, which straightens with LongHash Ventures overarching thesis. We are especially excited to invest in and accelerate jobs that will consider modular methods to link and also make use of different ecological communities to Axelar to highlight the very best of each chain, and bring us closer to a multi-chain globe.”
Axelar determined to companion with LongHash Ventures due to the last s considerable experience running accelerator programs. Additionally, LongHash Ventures has deep origins and also networks in the Asia Pacific region while being able to give task groups accessibility to first-rate coaches as well as capitalists globally.
Sergey Gorbunov, Co-Founder of Axelar Foundation, stated: && The success of the Axelar Grant Program has shown international interest in building chain-agnostic applications. We ve seen both investors as well as developers sustaining this movement to aid onboard the next numerous millions of customers and simplify multi-chain interactions. Axelar s unrivaled security and also performance has made its community a funnel for forward-thinking Web3 dApp teams. We re expecting accelerating those teams progression with LongHash Ventures as a well-connected as well as experienced global companion.”
LongHash Ventures is looking to back multi-chain projects that link to the Axelar network as well as leverage its General Message Passing (GMP) capability, which makes it possible for designers to call any type of feature on any type of dApp, on any kind of chain. Utilizing GMP, teams can build incredibly applications that compose possessions and also functions cross-chain right into a one-click experience for customers. LongHash Ventures is likewise interested in groups that utilize various chains in modular methods, e.g. storage space, off-chain computing, token liquidity, NFT minting, privacy, as well as more.
Axelar will certainly sustain projects picked for the program by providing programmer and technological assistance to assist them go multi-chain and also explore the possibilities of modular executions to get the most effective out of each chain for their certain usage instance.
The LongHashX Accelerator Cohort 10 will include a collection of workshops and also fireside chats throughout six modules, specifically Web3 Product Strategy Design, Tokenomics, Governance, Tech Mentorship, Community Building, and also Fundraising.
Picked jobs will receive $100,000 of ahead of time financial investment from LongHashX together with support to help them increase funds from other investors. LongHashX Accelerator s internal venture contractors will certainly likewise perform regular one-on-one problem-solving sessions to aid founders address their obstacles throughout the 6 modules of the program. Jobs that are still in the R&D stage or ideation phase are additionally urged to apply. These tasks are eligible to be thought about for Axelar s grants programs, which are targeted at the earliest stage of advancement. Projects that effectively obtain gives from Axelar will be welcomed to sign up with the LongHashX Accelerator program s fireside talks.
Applications for the LongHashX Accelerator Cohort 10 are open till November 11th, 2022. Job teams interested in applying for the program can do so right here. LongHashX Accelerator will accept 10 jobs for the Axelar Cohort.
Axelar supplies secure cross-chain communication. That indicates dApp customers can interact with any type of asset, any kind of application, on any type of chain, with one click. You can consider it as Stripe for Web3. Developers interact with a simple API atop a permissionless network that makes certain and also directs messages network security via proof-of-stake consensus.
Axelar has elevated resources from top-tier capitalists, consisting of Dragonfly Capital, Polychain Capital, Coinbase, as well as Binance. Partners consist of significant proof-of-stake blockchains, such as Avalanche, Cosmos, Ethereum, Polkadot and others. Axelar s group includes experts in dispersed systems/cryptography as well as MIT/Google/Consensys alumni; the co-founders, Sergey Gorbunov as well as Georgios Vlachos, were founding team members at Algorand.
Concerning LongHash Ventures
LongHash Ventures is a leading Web3 investment fund and also accelerator working together very closely with owners to construct their Web3 version and take advantage of the vast possibility of Asia. LongHash Ventures has invested in greater than 60 projects, including Polkadot, Instadapp, Zapper, Astar, and also Balancer. We team up with creators to create their tasks tokenomics, administration, and communities.
As Asia s first and leading Web 3 accelerator, LongHashX Accelerator has actually partnered with Polkadot, Algorand, Filecoin as well as others to develop greater than 50 international Web3 tasks which have increased greater than $150m in the previous 4 years. We are devoted to realizing our objective of militarizing growth for the future generation of the Web.
LongHash Ventures is licensed by the Monetary Authority of Singapore.