Axelar partners with LongHash Ventures to launch the world’s first multi-chain accelerator program

[PRESS RELEASE – Singapore, Singapore, 20th September 2022]

LongHash Ventures, Asia’s first Web3 accelerator and one of Asia’s leading Web3 investment funds, today announced its partnership with Axelar, a cross-chain communications network for Web3, to launch the LongHashX Accelerator Cohort 10 Axelar Cohort.

Following the success of the initial grant initiative, Axelar is partnering with LongHash Ventures on its first acceleration program. LongHashX Accelerator Cohort 10 aims to accelerate early stage teams and cross-chain building projects.

Axelar is a natural partner in the LongHashX Accelerator ecosystem, due to LongHash Ventures’ multi-threading thesis, where the software aims to accelerate Web3 projects with multi-threaded use cases. Axelar connects to more than 20 blockchain ecosystems, giving dApp users the ability to interact with any asset or application, on any chain, with a single click.

Emma Coy, CEO and Managing Partner of LongHash Ventures, said: “We are very excited to be partnering with the Axelar Foundation to launch the first global accelerator in the Axelar Network. Axelar provides the necessary infrastructure to enable a secure, multi-chain future, which is in line with LongHash Ventures’ overarching thesis. We are particularly excited to invest in and accelerate projects that will think of modular ways to use different ecosystems and connect with Axelar to bring out the best in each chain and bring us closer to a multi-chain world. “

Axelar decided to partner with LongHash Ventures due to its long experience in running accelerator programs. LongHash Ventures also has deep roots and networks in the Asia Pacific region with the ability to provide project teams with access to world-class mentors and investors globally.

“The success of the Axlar Grant Program has demonstrated a global interest in building non-chain applications,” said Sergei Gorbunov, co-founder of the Axlar Foundation. “We’ve seen developers and investors alike support this movement to help the next hundreds of millions of users and simplify cross-chain interactions. Security and functionality have made Axelar’s unparalleled ecosystem provides a pathway for forward-thinking Web3 dApp teams. We look forward to accelerating these teams’ progress with LongHash Ventures as an experienced and well-connected global partner.”

LongHash Ventures wants to support multi-thread projects that connect to the Axelar network and take advantage of the Generic Message Passing Function (GMP), which allows developers to call any function on any dApp, on any thread. With GMP, teams can create “super apps” that combine functionality and on-chain assets into a one-click experience for users. LongHash Ventures is also interested in teams that use different blockchains in modular ways, for example storage, off-chain computing, token liquidity, NFT minting, privacy, and more.

Axelar will support projects selected for the software by providing developers and technical support to help them cross the chain and explore modular implementation possibilities to get the best out of each chain for their specific use cases.

LongHashX Accelerator Cohort 10 will include a series of workshops and fireworks chats in six modules, which are Web3 Product Strategy and Design, Tokenomics, Governance, Technology Advisory, Community Building and Fundraising.

Selected projects will receive $100,000 in investment up front from LongHashX along with support to help them raise funds from other investors. LongHashX Accelerator’s internal business builders will also conduct weekly one-to-one problem-solving sessions to help founders solve their challenges in the six program modules.

Projects still in the R&D or idea stage are also encouraged to apply. These projects are eligible for consideration in the Axelar Scholarship Program, which is targeted at an early stage of development. Projects that successfully receive grants from Axelar will be invited to join the live conversations in the LongHashX Accelerator Program.

Applications for the LongHashX Accelerator Cohort 10 are open until November 11, 2022. Project teams interested in applying to the program can do so here. LongHashX Accelerator will accept 10 projects for the Axelar Group.

around the axes

Axelar provides secure cross-chain communication. This means that dApp users can interact with any asset, any application, on any thread, with a single click. You can think of it as a tape for Web3. Developers interact with a simple API on top of a stateless network that routes messages and ensures network security via Proof of Stake consensus.

Axelar has raised capital from major investors including Dragonfly Capital, Polychain Capital, Coinbase and Binance. Partners include Proof of Stake major chains such as Avalanche, Cosmos, Ethereum, Polkadot, and others. The Axelar team includes distributed systems/coding experts and MIT/Google/Consensys alumni; Co-founders, Sergei Gorbunov and Georgios Flachus, were founding members of the team at Algorand.

About LongHash Ventures

LongHash Ventures is a leading Web3 investment fund and accelerator that works closely with founders to build their Web3 model and tap into the great potential of Asia. LongHash Ventures has invested in more than 60 projects, including Polkadot, Instadapp, Zapper, Astar and Balancer. We partner with founders to develop tokens for their project, governance, and communities.

As Asia’s first leading Web3 accelerator, LongHashX Accelerator has partnered with Polkadot, Algorand, Filecoin, and others to build more than 50 Web3 projects globally, which have raised more than $150 million in the past four years. We are committed to achieving our mission to catalyze growth for the next generation of the web. LongHash Ventures is authorized and regulated by the Monetary Authority of Singapore.

Post-Axelar partners with LongHash Ventures to launch the world’s first cross-chain accelerator program for the first time on CryptoPotato.

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