Jun 08, 2020
Algorand Foundation and Borderless Capital Launch Algorand Asia Accelerator, Powered by LongHash Ventures
By Algorand Foundation
Algorand Foundation, the steward of the world’s first open-source, permissionless, pure proof-of-stake blockchain protocol, has launched Algorand Asia Accelerator together with Borderless Capital, the Algorand-focused blockchain venture fund. Powered by LongHash Ventures, the native Web 3.0 blockchain accelerator and investor, Algorand Asia Accelerator aims to encourage and spur blockchain development in particular synergy with Finance 3.0 and beyond, empowering projects to build, grow and foster financial innovations in the Algorand ecosystem. The programme offers USD$15,000 upfront seed funding for each selected project, with these projects also eligible for up to USD$250,000 in follow-on investment.