We’re pioneers in accelerating and investing in the genesis wave of FVM builders
LongHashX FVM Genesis Accelerator
LongHashX, in partnership with Protocol Labs, provides builders with the knowledge, network, and funding to launch their projects with compelling FVM use cases and explore the intersection of Web3 and AI
Applications will be reviewed on a rolling basis and we highly encourage you to apply early. The deadline of application submissions is approaching fast, and will close in:
Projects we are looking for
We are particularly interested in the following use cases that will be enabled by FVM: :
Artificial Intelligence
Create a truly Open AI model by transforming data collection, model training and model inference stages
DeFi
Introduce new DeFi use cases in FVM
Decentralized Social
Create new social experiences as users manage their own social data
Open Category
Welcome any use cases that could now be made possible using FVM
Most Web3-Native Curriculum
Applications will be reviewed on a rolling basis and we highly encourage you to apply early. The deadline of application submissions is approaching fast, and will close in:
Week 1-4:
Product Design & Strategy
- Problem definition
- Competitive positioning
- FVM ecosystem support
- Deep-dive into AI
Week 5-8:
Go-To-Market
- Community building
- Marketing and partnerships
- Tokenomics and decentralization design
- Smart contract security
Week 9-12:
Fundraising
- Pitch narrative design
- Demo day prep
- Investor meeting preparation
- Web3 legal considerations
Two tracks to choose from
25-30 projects will be invited to join one of our two tracks: The FVM Accelerator Program, for 5 venture-backable teams, and the FVM Builder’s Fellowship, for 20-25 earlier-stage teams and those building public goods and tooling.
FVM Accelerator Program
12-Week Program
- Structured Web3-native curriculum delivered through fireside chats and workshops with leading Web3 experts on FVM, Web3 Product Design & Strategy, Tokenomics & Governance, Community Building, Fundraising, and Web3 Legal
-
Dedicated LongHashX Venture Builder who meets you weekly and acts as a thought partner to identify and problem-solve on your toughest challenges as an early-stage Web3 builder
-
Introduction to top tier investors and opportunity to pitch at Demo Day
Access to Network
- Access to LongHash Web, our soulbound token-based on-chain contribution network, with 100+ Web3 founders, investors, and devs, who provide weekly mentor office hours
- Access to LongHashX FVM Cohort Mentors from Protocol Labs and others for direct technical and ecosystem support
Investment
- US$200K investment from LongHashX
- Opportunity for additional, discretionary investment from LongHash Ventures after Demo Day
FVM Builders’ Fellowship Program
12-Week Program
- Structured Web3-native curriculum delivered through fireside chats and workshops with leading Web3 experts on FVM, Web3 Product Design & Strategy, Tokenomics & Governance, Community Building, Fundraising, and Web3 Legal
- Mentor Office Hours with LongHashX Venture Builders who will problem-solve with you and provide guidance on your Web3 builder journey
Support in building
- Access to the builder communities with Protocol Labs and others for technical and ecosystem support
Grant Support
- Facilitation of a fast-tracked application review in securing grants from Protocol Labs and other ecosystems
Testimonials
Frequently Asked Questions
What are the benefits of the LongHashX FVM Genesis Accelerator?
You receive immediate funding of US$200K, a 12-week structured program covering Web3-native topics, the opportunity to pitch to investors during Demo Day, and access to LongHash Ventures’ and Protocol Labs’ extensive network of investors, founders, and tech specialists
Is the LongHashX FVM Genesis Accelerator right for me?
The FVM Genesis Accelerator, in partnership with Protocol Labs, will accelerate early-stage teams building in the intersection of Web3 and AI as well as other use cases on top of FVM. Startups that join the program will get exposure to a network of investors, founders, and tech specialists from the Filecoin and other ecosystems
What are the investment terms?
LongHashX and Protocol Labs will invest a combined US$200K at the start of the program in exchange for 4% of equity / future total token supply. Additional funding from LongHash Ventures is available at LongHash Ventures’ discretion for select teams, after Demo Day
Why is LongHashX the right early-stage accelerator and investor?
LongHashX, established in 2018, is the world’s leading Web3 accelerator, with the strongest network in Asia. We work closely with leading ecosystems to bootstrap and grow their developer communities, and with early-stage founders to turn their concepts and ideas into Web3-native businesses. LongHashX is part of LongHash Ventures, one of Asia’s leading Web3 VC funds, investing in a multi-chain future, with notable investments including Safe, zkSync, Polkadot, Neutron, Acala, Astar, Balancer, Instadapp, Xanpool, and Zapper
How long is the program and what is the curriculum?
The program is 12-weeks long and includes a structured Web3-native curriculum across six modules, including Web3 product strategy and design, tokenomics and governance, community building, tech, fundraising, and Web3 legal. Program participants will have a dedicated Venture Builder who will meet them weekly to be a thought partner and problem-solve on their toughest challenges. Program participants also get access to LongHash Web, our soulbound token-based on-chain contribution network, with 100+ Web3 founders, investors, and devs, who provide weekly mentor office hours
What happens at the end of the program?
Post-Demo Day, we will connect you to investors who register an interest in meeting you, and we will provide you guidance on your fundraising round. You will also become part of LongHashX’s portfolio and alumni network, and the wider LongHash Ventures network
When do applications close and when does the program start?
Applications are open until end of September and the program starts mid-October
What type of startups do you usually accept?
We consider early-stage Web3 startups building on the Filecoin ecosystem with compelling use cases. We are particularly interested in following use cases:
1. Truly Open Artificial Intelligence (AI): Create a truly open AI models by introducing decentralization and privacy in each step of the AI model production – Data Collection & Provenance, Model Training and Model Inference
2. DeFi Use Cases: Introduce necessary DeFi use cases such as DEXes, lending/borrowing protocols, cross-chain bridges, staking or liquid staking protocols and others in FVM to improve liquidity and facilitate asset transfers
3. Decentralized Social: Create new social experiences where users can verify and manage their own social data on-chain
4. Open Category: Welcome any other use cases that could now be made possible using FVM. More potential use cases were listed by Protocol Labs here in the Request for Startups guide (https://rfs.fvm.dev/#165717ed56aa44288669a698816ec7ae).
You can read more about the projects we’re targeting in this Medium article.
Startups ideally have full-time cofounders (or in the process of becoming full-time) with a well thought out problem statement and solution or whitepaper and idea. A prototype or MVP is ideal but not required to be considered. Typically we consider startups that have not yet gone through any rounds of fundraising, as we are usually the first check and our investment terms are standard
Where is the program located?
The program is remote and conducted virtually, which allows us to take in projects from all over the world. Depending on travel and border restrictions, there may be opportunities for in-person meet ups in Asia and other parts of the world
Is the program open to startups globally?
Yes, geographic location is not an acceptance criteria and we consider teams globally. We have program alumni from the US, Asia, Europe, and other parts of the world.
Is the program free?
Yes! The program is completely free.
© 2023 by LongHash Ventures