Updates: Changes have been made on the no. of teams, location based and some details have been removed as requested by LongHash.
LongHash Ventures, a global blockchain accelerator and VC fund headquartered in Singapore, has announced the 10 startups that will take the virtual stage for Algorand Asia Accelerator’s demo day on Jan 22nd.
Out of the 10 startups, 3 are from Singapore while the remaining teams come from Australia, Europe and USA.
Algorand Asia Accelerator is a 3-month programme that provides selected startups with US$15,000 in seed funding. In addition, the startups were provided with end-to-end support in strategy formulation, go-to-market execution, as well as subject matter guidance across technology, mentorship, token economics, marketing and fundraising.
The primary objective of the accelerator is to accelerate the vision of Finance 3.0 to a much wider audience. For the uninitiated, Finance 3.o is the name given to an open financial system, which provides more control to users and reduces or eliminates middlemen, fees, charges, penalty, etc.
According to a LinkedIn post written by a company spokesperson, the startups have raised US$2.5 million in funding prior to demo day.
In 2019, LongHash Ventures kickstarted LongHash Hatch, a programme designed for blockchain startups. It saw participation from industry leaders, such as Fenbushi Capital, HashKey Capital, Kenetic Capital, and Dragonfly Capital, with Ethereum Foundation, Maker, Synthetix, and InstaDApp.
Also Read: Blockchain accelerator LongHash Ventures unveils 7 startups in its fourth cohort
Below are brief profiles of the Singaporean startups that will be showcasing on the demo day, and the remaining teams can be found on their demo day website:
DEXTF
An on-chain, non-custodial asset management protocol, which allows the creation of a digital fund in a matter of minutes where investors from around the world can invest in.
Founded in 2017, the startup has been funded by LuneX Ventures and SGInnovate and has been awarded the Financial Sector Technology Proof of Concept Grant by the MAS (Monetary Authority of Singapore) twice.
EasternBlu
A decentralised registry of music copyrights that brings transparency and efficiency to royalty ownerships and payments.
The platform currently has over 15,000 songs registered in its platform. The company also claims to be the “first micropayments and blockchain-based music registry” in China.
MugglePay
A consumer to business (C2B) payment solution enabling global, instant and low-cost settlements via cryptocurrency.
Founded in 2018, the company’s partners include OKEx, Shopify, WHMCs, PARSIQ, Celo and TRON.
You can sign up for the demo day here.
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Image Credit: Unsplash
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