Alpha Finance Lab Launches Alpha Venture DAO to Support and Advance Web3 Innovation Efforts
Alpha Finance Lab is launching the Alpha Venture DAO to advance the adoption of decentralized finance within the Web3 community. The Alpha Venture DAO is a decentralized autonomous organization that will be able to deploy tokens on the Ethereum network to fund and advance Web3 innovation efforts.
Alpha Finance Lab, the first enterprise-grade venture capital fund dedicated to web3 technology, has launched a DAO to support and advance the development of the ecosystem. The Alpha Venture DAO is a tokenized venture capital fund that is backed by the fund’s portfolio companies and is held by the fund’s token holders.
Today’s Alpha Venture DAO is the result of a collaboration among the team at Alpha Finance Lab, the DAO’s first investors, and the Ethereum foundation.
“We are excited to be partnering with the Alpha Project and its community of investors, developers, and supporters to launch the first ever venture capital fund with a focus on investing in crypto-related projects. This is an exciting time to be in the blockchain space, and we’re thrilled to be able to assist in supporting the projects that will help push the blockchain ecosystem forward. – Daniel S. O’Brien, Alpha Finance Lab Founder and Managing Director.
Currently, Alpha Venture DAO has partnered with more than 50 like-minded entities and individuals, including Alpha Network, AVA Labs, The Spartan Group, Multicoin Capital, SCB10X, Alpha Lab Capital, Terraform Labs, Jason Choi, and Darryl Wang, as well as leaders from Coinbase, Crypto.com Capital, Bitmex, Band Protocol, Acala Network, 1kx, SIG, and many more.
How will Venture DAO Support and Advance Web3 Innovation
The Alpha Venture DAO will be a decentralized autonomous organization (DAO) that will enable the community to fund and support the development of projects that Alpha Finance Lab supports across the Web3 ecosystem. The DAO will be developed and managed by a set of volunteers that will be vetted to ensure accountability and transparency.
The aim of the project is to create a global network of blockchain-based financial services that can help the public and businesses to become part of the crypto economy.
With Alpha Venture DAO, they are creating financial products, such as a DAO token that will be used to fund start-ups, as well as a venture capital fund that will provide funds to various projects.
The goal is to use the Alpha Finance Lab to develop the business side of the Web3 stack, such as protocols, wallets, exchanges, and payment gateways. They aim to be a leader in this space by bringing our experience in finance, distributed systems, and blockchain technology to the table.