Zilliqa Celebrates its Second Birthday, Marks the Occasion with a New Incubation Programme in Collaboration with LongHash

Zilliqa, the high-throughput blockchain platform, yesterday celebrated its second anniversary since its initial launch in June 2017. Hosted at the National Gallery of Singapore, the event saw approximately 215 attendees, consisting of ecosystem partners, regional industry leaders, and community members. Zilliqa Day also saw the announcement of open applications for ZILHive, a new 12-week long incubation programme designed to support projects building on the Zilliqa blockchain, organised in collaboration with global blockchain incubator supported by the Singapore government, LongHash. The incubation programme will be accepting applications until July 31 and will launch on October 1.

As an extension of the Zilliqa Ecosystem Grant Programme, ZILHive hopes to support entrepreneurs and developers from the grant’s Innovation Track to build decentralised applications (Dapps) on the Zilliqa platform with greater technical tutorship, mentorship, marketing guidance, and funding opportunities. Open to participants from all over the world, ZILHive is envisaged to provide a collaborative environment where five teams will aim to create a product that utilises the Zilliqa platform’s native token, ZIL, as a staking collateral. Over the course of three months, teams will be expected to achieve three critical milestones that involve creating a minimum viable product (MVP), an Alpha programme for user-based product feedback, and a Beta programme with the Zilliqa community to kickstart the product’s use.

Amrit Kumar, President of Zilliqa said, “On the eve of our second birthday, we’ve taken the time to reflect on our successes as much as the successes amassed by the industry in the last two years as it has undergone gradual maturity. The launch of ZILHive is but another piece of the puzzle as we work to address the issues of developer engagement and enterprise adoption. Themed #StakeWithZIL, the myriad of use cases that will emerge from this programme are endless, whether it be in derivative products, prediction markets, or loyalty programmes. With the support of leading global blockchain incubator LongHash, we look forward to welcoming these five selected teams and seeing the promising solutions that they have to offer to our ecosystem and the industry as a whole.”

From Berlin and Zug to Shanghai and Tokyo, LongHash has an extensive global network comprising of six critical markets in the blockchain space. As part of ZILHive, participants will be able to benefit from LongHash’s vast community of mentors, receiving guidance on enterprise-ready blockchain solutions as well as country-specific legal guidance for their products. At the end of the incubation programme, teams will pitch their finished product on Demo Day to venture capital firms, angel investors, and family offices for further funding opportunities. Moreover, projects will be guaranteed non-dilutive grant funding of US$20,000 upon completion of the three-month incubation programme.

Emma Cui, CEO of LongHash Singapore, said: “At LongHash, we believe in the potential of blockchain incubation programmes as they transform communities of talent to become a globally recognized brand. As we celebrate Zilliqa Day, we are thrilled to be joining forces with one of Singapore’s long-standing contributors to the blockchain ecosystem as they reflect on their many milestones over the past two years. With their vision of accelerating the growth, understanding, and adoption of blockchain-enabled solutions across a myriad of industries, we look forward to working with them as we nurture this next batch of blockchain talent.”

Aside from reflecting on key partnerships and technological milestones to date while showcasing gaming Dapp demos from existing partners, Zilliqa Day saw the announcement of a new partnership with leading fintech payments provider, Xfers, marking the project’s foray into the payments space. The partnership will bring blockchain-powered payment solutions for over 500,000 users in Southeast Asia, facilitating greater transparency and cost-efficiencies as Xfers enters its next stage in transaction growth. The use of Zilliqa’s smart contracts infrastructure will enable greater assurances of the integrity of transaction records for end-users, enterprise clients, banking partners, and regulators. In looking to the future, the partnership eventually hopes to explore real-time direct payment settlement in a decentralised manner.

Interested individuals and teams can apply for the ZILHive incubation programme here. Successful applicants will be notified by August 30, 2019.

Author: Yash Hirani

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