LongHashX & Safe Launch the Safe{AAccelerator}, the World’s First Account Abstraction Accelerator to Fast-Track the Transition to Smart Accounts

LongHash Ventures
5 min readJul 27, 2023

The 12-week program comprises an accelerator and a builder fellowship program, both designed to provide founders and builders with the necessary knowledge, funding, and network to launch their projects successfully on the Safe{Core} Smart Account Standard and scale it for different use-cases.

LongHashX, one of the world’s leading Web3 accelerators with the strongest network in Asia, has announced the launch of its 13th cohort, the world’s first accelerator program for projects building on top of the Safe{Core}, focused on the adoption of Smart Accounts. The 12-week program, which comprises the Safe Accelerator Program as well as the Safe Builders’ Fellowship Program, aims to accelerate the growth of 25–30 projects leveraging Safe{Core}, the modular and open source Account Abstraction stack.

LongHashX partners with leading Web3 ecosystems to bootstrap their developer communities. Since its inception in early 2018, LongHashX has partnered with Filecoin, Polkadot, Axelar, Algorand and ATOM Accelerator DAO, among others, to accelerate more than 75 Web3 projects, including five unicorns, and helped them raise more than US$150m in funding. Notable program alumni include Astar, Balancer, Manta Network, Lit Protocol, Huddle01, Tranchess and Peanut Protocol.

“The Safe team is working tirelessly to realize a seamless future within Web3. The growth of Safe{Core} will allow developers to select specific features to ensure the best UX for their end users. As investors in Safe, we are excited to accelerate projects that are contributing to the expansion of Safe{Core} and those who are growing the utilization of Safe{Core} through our accelerator arm, LongHashX. We believe account abstraction is the key to lowering the barrier to onboarding the next billion users, and we are very excited to invest in and support early-stage builders on Safe{Core}.” says Emma Cui, Founding Partner and CEO of LongHash Ventures.

Call for applications

The Safe{Accelerator} is interested in accelerating projects building on top of Safe. Specifically, projects that are interested in bringing the broad range of Account Abstraction capabilities that Safe{Core} can offer, and expanding them, to new and existing users/markets, especially those in under-tapped verticals such as onchain infra, identity, gaming, social, e-commerce and institutional amongst others.

In order to unlock these innovative use cases with Safe, eligible projects can:

  1. Build new Safe Plugins (also known as Modules), and add any custom logic and features to the Safe contracts such as (non-exhaustive):
    - Role based access control
    - Automated payment streams
    - Recovery mechanisms
    - Session keys
  2. Develop new Safe Hooks (also known as Guards) which enforce an additional onchain security layer to Safe contracts, and can enable(non-exhaustive):
    - App/protocol allow & deny lists
    - Spending policies
    - Conditional security checks
  3. Projects can also extend the functionalities of the Function Handler to prevent Safes from encountering any errors in an ever changing Web3 landscape. Or bring new Signature Verifiers to augment the signing experience of the next billion users coming to Web3.
  4. Any project is also free to further augment and leverage the Safe{Core} Account Abstraction kits, which offer direct SDK integrations to improve UX in 3 domains, namely:
    - Auth Kit: Onboard new users via their social login credentials
    - Onramp Kit: Purchase tokens directly using fiat
    - Relay kit: Pay gas fees using any ERC-20 tokens

“We are at the dawn of a new era in Web3, where smart accounts bring opportunities for innovation and growth. The launch of the Safe Accelerator and Builders’ Fellowship Program will enable teams that are building on Safe, the most battle-tested smart account. Our aim is to inspire and equip a new generation of builders who can unlock the full potential of Safe{Core}, expanding its reach and impact to serve the next billion users of Web3.said Lukas Schor, co-founder of Safe.

Safe Accelerator Program

Five projects building on Safe will be accepted into the LongHashX Accelerator Safe Cohort and each project will receive US$200,000 in funding.

On top of the funding received, these projects will also undergo the most web3-native curriculum and hands-on support. The 12-week program in this cohort will include a series of workshops and fireside chats across seven modules, including Web3 Product Strategy & Design, Ecosystem Deep Dive, Tokenomics & Governance, Community Building, Smart Contract Security, Web3 Legal, and Fundraising.

Each project participating through this route will have a dedicated Program Lead and Venture Builder, who will meet them weekly for problem-solving sessions and to be a thought partner to help the founders with their toughest challenges.

In addition to the mentors from Safe, the selected projects will also get access to LongHash Web (LHW), the world’s first soulbound token-based on-chain contribution network, to meet one-on-one with notable mentors in the wider Web3 space that include leading founders, investors, and developers. LHW’s 100+ mentors include founders of Safe, Axelar, AltLayer, Balancer, Dodo; investors at Pantera, Polychain, Gumi, Multicoin, Collab+Currency, Hashkey, and DeFiance; and contributors at zkSync, Lens, Linea, Scroll, and Protocol Labs.

For these five projects, the program culminates in a Demo Day where they will have the opportunity to pitch to investors.

Safe Builders’ Fellowship Program

20–25 projects will be chosen for the Safe Builders’ Fellowship Program. These selected projects will receive the technical and developer support from Safe, will participate in workshops and fireside chats, and will have access to Mentor Office Hour sessions with LongHashX Venture Builders.

LongHashX will also facilitate a fast-tracked grant application process for these teams if they choose to apply for grants from Safe.

The LongHashX Safe Accelerator and Builders’ Fellowship Program are scheduled to start in mid-October. Builders have until 29 September 2023 11:59pm (GMT+8) to apply. Teams and projects interested in applying for the program can do so directly here.

About LongHashX Accelerator

LongHashX is one of the world’s leading Web3 accelerators, with the strongest network in Asia, and works closely with ecosystem and infrastructure partners to accelerate the world’s next generation of early-stage founders.

For more information, visit: Website | Twitter

About LongHash Ventures

LongHash Ventures specializes in bootstrapping Web3 ecosystems. Our venture funds invest in early-stage Web3 protocols, and our LongHashX Accelerator partners with ecosystems and protocols to accelerate early-stage founders.

For more information, visit: Website | Twitter | LinkedIn

About Safe

Safe (previously Gnosis Safe) is a decentralized custody protocol, securing ~$60 Billion in assets today. It is establishing a universal standard for the secure custody of digital assets, data, and identity. With Safe{Wallet}, its flagship web and mobile wallet, and Safe{Core} Smart Account infrastructure, Safe is on a mission to unlock digital ownership for everyone in web3 including DAOs, enterprises, retail, and institutional users.

For more information, visit: Website | Twitter | Mirror

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LongHash Ventures

We specialize in bootstrapping Web3 ecosystems. We invest in Web3 protocols and our LongHashX arm partners with ecosystems to accelerate Web3 founders.