Web3, which allows people to manage and control their own data, is being eagerly awaited by all of the world. Web3 will allow users to access finance, gaming, and many other services. Alpha Venture DAO is a beacon to builders and developers looking for project financing and incubation skills for their future successes.
Construction of the Web3 Infrastructure
Web3 development is becoming more popular as people become more interested. Web3 must be understood as a concept, and not an actual product. The infrastructure needed to support Web3 must be built first. Alpha Venture DAO was established by Alpha Finance Lab to connect builders, operators and users in order to innovate in the Web3 ecosystem.
Under the Alpha Venture DAO umbrella, builders have access to a wealth of resources and support. 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. Under the Alpha Finance Lab banner, projects incubated can also bring their infrastructure to more than 100,000 Web3 users.
Natalie Luu is Terraform Labs Chief of Ecosystem Development
“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. The team will also continue building category-defining services and products, which in turn, will unlock synergetic value for the Alpha ecosystem. This includes connecting with existing Alpha Homoroa and AlphaX 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.
Alpha Venture DAO: Why It’s Different
Alpha Venture DAO’s modus operandi is different from other funding sources and incubators. A decentralized VC fund makes its money from its network. The long-term value of tapping into community members and their knowledge is greater than any monetary incentive. Alpha Network offers investor opportunities for incubated project, however the DAO allows community members to offer their skills and expertise.
Incubated projects give users early access and benefits. This is a powerful incentive for new projects to realize their Web3 potential. This approach also ensures that ownership is easier for everyone, since anyone can own high-quality ventures even before they are officially launched.
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. To be relevant in the coming 10 years, it is important to keep our fingers on the pulse of how we create and extract 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.”
Incubated projects will benefit from the support of over 50 Web3 experts and thought leaders. Mentors like Jason Choi of The Spartan Group and Darryl Wang from Crypto.com Capital, Band Protocol or Acala network will offer new insight. Alpha Venture DAO, Terraform Labs, will provide infrastructure and technical support. It could be a major game changer for Web3 development.