Alpha Venture DAO Funds Next-Gen Web3 Products TiTi Protocol and Fuku

Vladislav Sopova

Alpha Venture DAO, a new decentralized venture ecosystem, shares the names of its newly incubated projects


Alpha Venture DAO Adds TiTi Protocol and Fuku to Its Incubation ProgramAlpha Venture DAO launches hackathon together with Terra

Next-gen algorithmic stablecoin platform TiTi Protocol and NFT innovator Fuku have joined the new round of Alpha Venture DAO’s VC initiative to achieve new groundbreaking milestones.

Alpha Venture DAO Adds TiTi Protocol and Fuku to Its Incubation Program

According to the official announcement shared by the representatives of Alpha Venture DAOthe VC funding program, welcomes two new members from the DeFi and NFTs segments.

Image by Alpha Venture DAO

TiTi Protocol focuses on decentralized stablecoins and the Fuku platform brings together NFT trading and DeFi business. They are now being incubated by Alpha Venture DAO.

TiTi Protocol’s flagship product is TiUSD, a decentralized multi-asset reserve-backed use-to-earn algorithmic stablecoin. It solves the main drawbacks of modern centralized stablecoins, including USDT and USDC.

TiUSD holders can also be rewarded for holding and using stablecoins. Most recently, the project generated $3.5 million in seed funding from Spartan Group, SevenX Ventures, DeFi Alliance, Solidity Venture, and other high-profile VCs and angel investors.

Jason Choi, Lead Partner at The Spartan Group, welcomes the new phase of TiTi Protocol growth:

Algorithmic stablecoins are often prone to de-pegging risks and poor liquidity. TiTi Protocol addresses this with its built-in multi-asset AMM to ensure TiUSD is fully collateralized and redeemable at any time. As an Alpha Venture DAO project, Titi is backed by the power of the Alpha Finance ecosystem and we are excited to support TiTi’s team to provide users with one of the first-to-use stable coins in the space.

Alpha Venture DAO launches hackathon together with Terra

Fuku is a pioneering NFT marketplace designed to allow users to trade NFTs and access DeFi protocols without leaving a single application.

As such, NFTs can be seamlessly deposited in DeFi protocols just like “regular” crypto assets. To release its products, Fuku has raised $400,000 in pre-seed funding from top NFT investors.

Also, along with a new incubation announcement, Alpha Venture DAO is opening registration for a joint hackathon with Terra (LUNA), the world’s fastest-growing smart contracts ecosystem. The registration campaign started on April 12; projects can apply until May 10, 2022.

As previously described by U.Today, Alpha Finance Lab has been renamed Alpha Ventures DAO to introduce a new procedure for financing and growing crypto products at an early stage.

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