Comprehensive analysis of the investment portfolio of Web3 venture capital fund and accelerator Longhash Ventures

Author: LongHashVC, ADN Community

In January 2021, Longhash Ventures launched a fund focused on DeFi and invested in well-known projects such as Dodo, Balancer, Acala Network, Instadapp, and Zapper. Currently, LongHash Ventures is establishing a second phase fund focusing on multi-chain infrastructure with a scale of hundreds of millions.

Longhash Ventures' LongHashX accelerator is Asia's leading Web 3 accelerator. Through LongHashX, the Longhash Ventures team collaborates with the official foundations of Polkadot, Filecoin, and multiple protocols to incubate over 50 early-stage Web3 projects globally, including well-known projects like Astar, Xanpool, Tranchess, and Lit protocol, assisting these projects in achieving over $150 million in early financing over the past three years. Through investments and active empowerment for projects, Longhash Ventures is committed to realizing the vision of Web3, where anyone can access a more transparent, secure, and decentralized network.

DeFi Decentralized Finance

Aggregation & Asset Management:

• Zapper: A Web3 portfolio management platform that integrates over 200 mainstream DeFi platforms to help Web3 users discover cutting-edge investment opportunities. Since May 2020, the total investment through the Zapper platform has exceeded $11 billion and continues to grow.

• InstaDapp: A professional multi-chain DeFi asset management platform that uses advanced strategies to manage digital assets through its smart accounts, with a TVL of over $1 billion.

• Idle: A DeFi yield automation protocol that helps DeFi liquidity providers (LPs) earn over $9 million in interest.

• Ape Board (acquired by Nansen): A multi-chain DeFi data dashboard with a strong community base, acquired by the on-chain data platform Nansen.

Trading & Derivatives:

• Balancer: An automated DeFi investment management and trading platform, its flexible automated market-making (AMM) design makes programmable liquidity possible, becoming an important part of the current DeFi infrastructure.

• Synthetix: A DeFi platform for synthetic assets, providing unique financial derivatives and exposure to real-world asset prices.

• DODO: A Web3 trading protocol that uses an innovative PMM market-making mechanism.

• rhino.fi: Formerly DeversiFi, a user-friendly one-stop multi-chain DeFi trading platform.

• Tranchess: A tiered fund product in the BNB Chain ecosystem, with a total locked value (TVL) of nearly $80 million.

• FireFly Exchange: Formerly dTrade, rebranded to FireFly, a perpetual contract trading platform in the Polkadot ecosystem, backed by Polychain, featuring institutional-grade APIs for professional traders.

• Impossible Finance: A multi-chain incubator and launchpad platform with a strong user community.

• GoodGhosting: A multi-chain decentralized DeFi savings platform where savers can earn interest and NFT rewards, popular among users in multi-chain ecosystems like Celo and Polygon.

• 0x Protocol: An established DeFi protocol, its 0xAPI product is a professional-grade multi-chain liquidity aggregator with 99.9% uptime and an average response time of 1.5 seconds.

• CowSwap: An AMM with MEV protection features, with a cumulative trading volume exceeding $8 billion.

Other Layer1 DeFi Ecosystems:

• Acala: The DeFi Hub of the Polkadot and Kusama ecosystems, dedicated to building its DeFi stablecoin aUSD ecosystem.

• Wingriders: A one-stop DeFi trading platform based on the Cardano ecosystem, with total liquidity exceeding $50 million, an important component of the Cardano DeFi ecosystem.

• Yieldly: One of the most active DeFi platforms in the Algorand ecosystem, with over 30 liquidity pools and more than 120,000 cumulative users.

• Hubble: A 0% interest DeFi stablecoin minting platform in the Solana ecosystem.

• Oxygen: A cross-chain DeFi prime brokerage (PB) platform in the Solana ecosystem.

DeFi Banking & Insurance:

• Xend Finance: A cryptocurrency bank supported by Binance and Google Launchpad, providing open infrastructure for Web3 developers.

• Block Earner: A blockchain savings platform from Australia.

• InsurAce: A multi-chain DeFi insurance protocol with a total locked value (TVL) exceeding $20 million.

• Amulet: A DeFi insurance platform based on the Solana ecosystem.

NFTs & Gaming & Web3 Social and Infrastructure:

NFT Marketplaces & NFT Liquidity:

• Pianity: A music NFT trading platform that allows every artist to create/share/trade their limited edition music NFTs.

• Mintable: A community-driven NFT trading platform where users can mint NFTs for free.

• Curio: A boutique NFT trading platform collaborating with well-known entertainment industry IPs.

• SZNS: A DAO platform for collecting and managing NFTs, with collaborative NFT projects including DivineDAO, MeebitsDAO, and more.

• Unique One Network: A decentralized non-profit platform aimed at the artist community.

Metaverse Platforms:

• DigiNation: The Web3 metaverse entry point, supporting login for mainstream NFT holders.

• Bit Country: A platform in the Polkadot ecosystem that allows users to create metaverse environments, recently launched its Alpha testnet and received positive feedback from the community.

• Realy: A AAA-level hyper-realistic metaverse platform that integrates gaming, social interaction, e-commerce, and trading.

Gaming:

• OP Games: A platform for Web3 game developers.

• Monkey League: Formerly Monkey Ball, now rebranded as Monkey League, is an eSports gaming platform based on Solana.

• Mooray: A futuristic action RPG blockchain game with a P2E incentive mechanism, well-produced and led by Animoca Brands.

Web3 Social:

• Jambo: A super social application for Web3 in Africa, raised Series A funding led by Paradigm.

• Roll: An infrastructure platform for social tokens.

• Huddle 01: A Web3 video calling tool and infrastructure that supports Web3 wallet login and NFT PFPs as avatars, with a strong user community.

NFT & Gaming Infrastructure:

• Lit Protocol: A decentralized permission control protocol that is well-received by the Web3 app development community.

• ReNFT: Infrastructure for NFT lending.

• Particle Network: A full-stack development platform for Web3 mobile developers.

• SmartToken Labs: An innovative platform dedicated to bridging the external world with smart tokens, featuring a series of unique products such as TokenScript and AlphaWallet.

• Charged Particles: A decentralized protocol that allows users to deposit ERC-20, ERC-721, or ERC-1155 tokens into NFTs, currently deployed on Ethereum mainnet and Polygon.

• Ignite Tournaments: A mobile P2E tournament organization and live streaming platform.

Layer1 and Infrastructure

• Polkadot: A well-known public chain platform, a sharding protocol that allows interoperability between blockchain networks.

• Astar: The smart contract hub for WASM and EVM in the Polkadot ecosystem, the most active DeFi ecosystem on Polkadot.

• SAGA: A one-click rapid chain launch platform for Web3 developers within the Cosmos ecosystem, initially focusing on gaming and entertainment.

• Milkomeda: A multi-chain Rollup layer 2 network that helps Non-EVM public chains (such as Cardano/Solana/Algorand) gain EVM compatibility.

• AlphaWallet: A Web3 wallet developed by the Smart Token Labs team, a 100% self-custodial open-source wallet.

• Zeitgeist: A prediction market platform in the Polkadot ecosystem, a parallel chain of Kusama.

• Polymer Labs: Focused on scalability issues of inter-chain communication (IBC).

DAO & DAO Infrastructure

DAO:

• BitDAO: BitDAO is a decentralized organization composed of builders, enabling mutual benefits between people, products, and public goods in the Web3 ecosystem.

• NeptuneDAO: A DAO incubated by the well-known DAO organization TheLAO, aimed at solving DeFi liquidity issues.

• DAO Square: A Web3 incubator that incubates and participates in building projects like DAOHaus, Ceramic, BrightID, and more.

DAO-related Infrastructure:

• Safe: Previously known as Gnosis Safe, an upgraded product of Gnosis Multisig, Safe is a multi-signature asset management platform favored by the Ethereum community. Safe is a configurable smart contract account designed to solve the single point of failure problem of private keys.

• CoinShift: A treasury asset management tool for DAOs and companies based on GnosisSafe.

• Snapshot: A well-loved and established on-chain governance tool in the DeFi community.

• CommonWealth: A one-stop platform for on-chain communication, governance voting, and donations. Series A funding led by Spark Capital.

• Dora Factory: DAO service infrastructure supported by the global hackathon community DoraHacks.

• Parcel: On-chain payroll and operational tools for DAOs, with partners including BanklessDAO, ENS, and more.

• Grape: DAO and Web3 community management tools in the Solana ecosystem.

Data Economy and Security Privacy

Data Economy:

• Filecoin: An established public chain and decentralized storage network.

• Esprezzo: Automation tools for DeFi and NFT users.

• HashMix: A DeFi platform for tokenizing computing power.

• Kylin: The data layer infrastructure in the Polkadot ecosystem, dedicated to building a multi-chain data economy.

• Myel: A community-driven CDN platform for Web3 developers.

• Ownership Labs: Created the innovative personal data wallet Dataverse, popular among NFT community users.

• Lighthouse: A fixed-price decentralized document storage platform.

Security Privacy:

• Automata Network: A multi-chain privacy layer middleware.

• Manta Network: A zero-knowledge proof privacy protocol in the Polkadot ecosystem.

• Power Loom: A data verification layer for developers based on the Filecoin ecosystem.

Having experienced multiple industry cycles, Longhash Ventures' investment style has become more robust and diversified. The investors at Longhash Ventures will continue to invest in and support innovative projects dedicated to building multi-chain world infrastructure. As a venture capital firm established in 2018, the accumulated industry knowledge and global investor network will keep Longhash Ventures' portfolio at the forefront in the upcoming Web3 era.