[PRESS RELEASE – Bangkok, Thailand, 31st March 2022]
Alpha Finance Lab is launching Alpha Venture DAO, a Builders DAO where builders and Web3 users meet to create and incubate cutting-edge Web3 innovation. Builders will receive support and mentorship from TerraForm Labs, a partner of Alpha Venture DAO, and Alpha Networks, a group of more than 50 thought leaders, influencers and leading investors in Web3. Incubated projects can also tap Alpha’s community of 100,000 Web3 users.
Alpha Ventures disrupts the way DAOs fund Web3 projects. It is a decentralized venture capital fund that has its community as its paycheck. Community members can provide expertise and skills to incubated projects and become owners of high quality ventures before project launch and ahead of anyone else, giving Web3 users a strong incentive to contribute to projects . In short, Alpha Venture DAO is changing the way Web3 projects are funded, making project ownership more accessible to the community.
Alpha Venture DAO brings over 50 thought leaders and top minds to Web3. Founders will have unparalleled access to hands-on mentorship from AVA Labs, The Spartan Group, Multicoin Capital, SCB10X, AlphaLab Capital, Jason Choi, Darryl Wang and Alpha Networks including Coinbase, BitMEX, Crypto.com Capital, SIG and Coinbase, BitMEX, Crypto.com Capital, and Alpha Networks. 1kx, Band Protocol, Acala Network and much more. The incubated projects will also receive technical and infrastructure support from Terraform Labs.
“As the Web3 industry is still in its infancy, we believe it will go through several phases of growth. To remain relevant over the next 10 years, we need to be agile in how and how we create value. This is why we do not limit ourselves to manufacturing products in-house only, but we have also started incubating external projects to grow into a multi-chain dApp ecosystem. Therefore, the Alpha token will be a proxy for Web3 innovation,” said Tascha Punyaneramity, co-founder of Alpha Venture DAO.
“Terraform Labs is proud to be a partner of the Alpha Venture DAO and provide support to founders building on the Terra ecosystem. We welcome builders who create new use cases leveraging the UST stablecoin and the Terra blockchain. Want to join Terra’s rapidly growing ecosystem to create,” said Natalie Luu, TerraForm Labs’ Head of Ecosystem Development.
As of now, Alpha Venture DAO has multimillion-dollar projects within its ecosystem, including Beta Finance, PayStake, and GuildFi. Each incubated project has secured funding from Tier-1 VCs and has successful token launches. The multi-pronged focus on DeFi, NFTs, and the metaverse enables the Alpha team to gather knowledge and expertise to help incubate projects of the future.
Incubation is a pillar for Alpha Venture DAO. The team will continue to build category-defined products to create synergy value with the Alpha ecosystem. Alpha is the team behind Homora, the world’s first cross-chain leveraged yield farming protocol, which has raised over $1.8 billion in total value locked.
Alpha Venture makes it easy for DAO enthusiasts to access promising new projects and contribute to Web3 innovations. In the future, the community will be able to contribute to the Alpha in-house offering and vote on DAO governance through the Alpha token.
Meet some mentors at Alpha Network
About Alpha Venture DAO
Alpha Venture DAO is a community of adventurers who aspire to shape the future of Web3 by reinventing the way decentralized applications are built, contributed and owned. Our vision is to become a multi-chain DApp ecosystem. By becoming part of the Alpha Venture DAO, anyone can create, contribute and own Web3 innovation. Builders now have an entire ecosystem to bootstrap their web3 projects. Web3 users now have a place to make meaningful contributions to cutting-edge Web3 projects. Alpha token holders now have an opportunity to hold real Alpha permanently.
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