What is Finance 3.0?
Finance 3.0, also known as Open Finance, is the new ecosystem of financial products and services built using blockchain technology that removes friction in transactions, payments and global trade. Digital securities, electronic and programmable payments with digital currencies and/or stablecoins, instant swap of digital assets, and trustless collateralized digital loans are just a few application examples of the borderless and frictionless economy that is being built using Finance 3.0 principles.
Committed support by LongHash Ventures, offering a rigorous hands-on venture building platform with strategy formulation, go-to market execution, and access to a comprehensive investor network.
Weekly touchpoints and guidance by Algorand’s technology team, including consultations with the chief scientist, engineering, and product experts.
Featuring founders and CEOs of category-leading blockchain companies, technical experts, academics, influential investors, and institutional partners.
Upfront seed funding of $15,000. Projects that have demonstrated aptitude and potential throughout the programme are candidates for follow-up investments of up to USD$250,000.
The Algorand Foundation is a not-for-profit organization that has a vision of a borderless, frictionless economy built on public, decentralized blockchain technology. The Foundation envisions a wide breadth of applications being built on the Algorand protocol by a new, broader community of blockchain and mainstream developers. The Foundation is committed to facilitating this innovation in a sustainable and eco-friendly manner.
LongHash Ventures is a global blockchain accelerator and Investor. We seek financial returns through venture building and investing in early stage blockchain start ups, with a mission to enable the Web 3.0 blockchain native economy. We source projects globally, leveraging especially on our strong Asia network across key hubs like Singapore, China, Hong Kong, and Japan.