Thailand-based Alpha Finance Lab, which has created an ecosystem of decentralized finance solutions, has announced the launch of a new decentralized autonomous organization (DAO) where builders and users can create and incubate their Web3 projects.
Team Alpha Venture DAO / Photo credit: Alpha Finance Lab
Alpha Venture DAO will provide support and mentorship from Terraform Labs and Alpha Network – a group of more than 50 thought leaders, influencers, and investors in the Web3 sector. Incubated projects on the DAO can also leverage Alpha Finance Lab’s community of 100,000 Web3 users.
Terraform Labs will also lend technical and infrastructural support to the incubated projects on the new DAO. Top firms that will provide mentorship to founders include The Spartan Group, Multicoin Capital, SCB 10X, and AlphaLab Capital. Individuals from blockchain firms such as Coinbase, Bitmex, and Crypto.com will also chip in.
To date, Alpha Venture DAO has backed several multi-million dollar projects within its ecosystem, including Beta Finance, pStake, and GuildFi. All incubated projects on the DAO have received investments from Tier 1 VCs.
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“In the future, the community will be able to contribute to Alpha in-house products and vote on the DAO governance via the ALPHA token,” said Alpha Finance Lab in a statement.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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