- March 31, 2022
- Posted by: Bogdan
- Category: Company News
The whole world eagerly awaits the advent of Web3, a digital world where users control their data. That world will also provide access to finance opportunities, games, and more. Alpha Venture DAO positions itself as a beacon for builders and developers to secure project funding and the necessary incubation expertise for future success.
Building The Web3 Infrastructure
As more people show an interest in Web3 development, overall excitement rises. First, however, everyone must acknowledge that Web3 is a concept and not an existing product or service. Therefore, the necessary infrastructure needs to be developed first and foremost. Alpha Venture DAO, established by Alpha Finance Lab, aims to play a role in those proceedings by connecting builders, operators, and users to innovate in the Web3 environment.
Builders can tap into vast resources, support, and mentorship under the Alpha Venture DAO banner. Together with partners Alpha Network – spanning several dozen thought leaders, influencers, and investors – and Terraform Labs, the DAO aims to bring exciting projects to fruition. Moreover, incubated projects can bring their infrastructure to over 100,000 Web3 users under the Alpha Finance Lab banner.
Terraform Labs Head of Ecosystem Development Natalie Luu comments:
“Terraform Labs is proud to be Alpha Venture DAO’s partner and provide support to founders building on the Terra ecosystem. We welcome builders who want to join Terra’s fast-growing ecosystem to create new use cases leveraging UST stablecoin and the Terra blockchain.”
Incubation is part of the Alpha Venture DAO’s plan. Simultaneously, the team will continue to build category-defining products and services, unlocking synergetic value within the Alpha ecosystem. That includes finding correlations with their existing Alpha Homoroa, AlphaX, ad Alpha Tokenomics products, and services. The Alpha Homoroa solution was the world’s first cross-chain leveraged yield farming protocol representing over $1.8 billion in total value locked.
Why Alpha Venture DAO Is Different
The modus operandi of Alpha Venture DAO differs from traditional incubators and funding providers. The decentralized VC fund uses its community as its paycheck. Tapping into users and their expertise is more valuable long-term than monetary incentives. Incubated projects can still benefit from the investor-oriented opportunities through Alpha Network, but the DAO focuses on letting community members offer expertise and skills to projects.
Users contributing to incubated projects gain early access to up-and-coming endeavors. THat serves as a strong incentive to help new projects achieve their future Web3 potential. Moreover, this approach ensures ownership of projects is more democratized, as anyone can become an owner of those high-quality ventures before their official launch.
Alpha Venture DAO Co-founder Tascha Punyaneramitdee adds:
“Since the Web3 industry is still in its infancy, we believe that it will go through multiple phases of growth. In order to remain relevant over the next 10 years, we have to be agile in how we create and capture value. This is why we don’t limit ourselves to only building in-house products, but we also started incubating external projects in order to grow into a multi-chain dApp ecosystem. Hence, the ALPHA token will be a proxy for Web3 innovation.”
The support from the community and over 50 thought leaders and experts in Web3 will prove crucial to incubated projects. Picking the brain of mentors from AVA Labs, The Spartan Group, Jason Choi, Darryl Wang, Crypto.com Capital, Band Protocol, Acala Network, and others will provide new insights. Terraform labs will help with technical and infrastructure support, making the Alpha Venture DAO a potential game-changer for Web3 development.