Alpha Venture DAO, a novel decentralized venture ecosystem, shares the names of its new incubated projects
Next-generation algorithmic stablecoin platform TiTi Protocol and NFT innovator Fuku have joined the new round of Alpha Venture DAO’s VC initiative to achieve revolutionary new milestones.
Alpha Venture DAO onboards TiTi Protocol and Fuku to its incubation program
According to the official announcement shared by the representatives of Alpha Venture DAO, its VC funding program, welcomes two new members from the segments of DeFi and NFTs.
The TiTi protocol approaches the sphere of decentralized stablecoins and the Fuku platform brings together NFT and DeFi trading operations. They are now incubated by Alpha Venture DAO.
TiTi Protocol’s flagship product is TiUSD, a decentralized multi-asset reserve-backed use-to-earn algorithmic stablecoin. It addresses the major drawbacks of modern centralized stablecoins, including the likes of USDT and USDC.
Additionally, it allows TiUSD holders to be rewarded for holding and using stablecoins. Recently, the project brought in $3.5 million in seed funding from Spartan Group, SevenX Ventures, DeFi Alliance, Solidity Venture, and other top VCs and angel investors.
Jason Choi, lead partner at The Spartan Group, welcomes the new phase of TiTi Protocol growth:
Algorithmic stablecoins are often susceptible to de-peg risk and low liquidity. TiTi Protocol provides a solution to this with its built-in multi-asset AMM to ensure that TiUSD is fully collateralized and redeemable at any time. As an Alpha Venture DAO project, Titi is backed by the strength of the Alpha Finance ecosystem and we are excited to support the TiTi team to provide users with one of the first stablecoins to use to earn in the world. space.
Alpha Venture DAO launches hackathon together with Terra
Fuku is a pioneering NFT marketplace designed to allow users to trade NFTs and get access to DeFi protocols without leaving a single application.
As such, NFTs can be deposited seamlessly into DeFi protocols just like “regular” crypto assets. To launch its products, Fuku raised $400,000 in pre-seed funding from top NFT investors.
Also, together with a new incubation announcement, Alpha Venture DAO opens registration for a joint hackathon with Terra (LUNA), the world’s fastest-growing smart contracts ecosystem. The registration campaign kicked off on April 12; projects can apply until May 10, 2022.
As previously reported by U.Today, Alpha Finance Lab has been renamed Alpha Ventures DAO to introduce a new procedure for funding and early-stage crypto product development.
