Alpine Announces $1.8 Million Pre-Seed Round 

Alpine, a new Web3 protocol that enables users to automate their savings and expand their crypto holdings, has raised $1.8 million in a pre-seed round headed by Alex Pack (former Managing Partner and Co-Founder of Dragonfly Capital) and Ed Roman (Hack VC). The funding will be used by the Alpine team to speed up the development and deployment of their public testnet.

Alpine Announces $1.8 Million Pre-Seed Round

The Alpine team realized that merely constructing an application layer would not be enough to overcome the difficulties of a bad user experience and high transaction costs after evaluating the current obstacles restricting the space’s growth. The Alpine One Protocol is the world’s first real cross-chain asset management protocol that anybody may utilize. 

The team aimed to create a protocol that combined the speed and cost advantages of chains like Polygon, Solana, and others with the liquidity advantages of existing Layer-1s such as Etherium and ENCODE. Diversification and low-cost investment are built-in to Alpine One, allowing every investor to access a wide range of assets and procedures from one place.

Comments on the Pre-seed Round 

The Founder and CEO of Alpine, Tarik Adnan commented, 

“We are still in the early days of Web3 and DeFi, and believe there is a significant opportunity to democratize access to wealth creation with as little as one dollar. These funds are the first step in helping us bring the benefits of Web3 to the next 100 million retail customers.“

Investors in This Funding Round

Shima Capital, Script VC, and leading crypto and traditional technology founders and operators, including Jaynti “JD” Kanani (Co-Founder, CEO of Polygon), Forest Browning (Co-Founder of Audius), Daniel Nadler (Founder of Kensho), Stanford Liu (Head of Research at Terra & Mirror), Cecilia Li (Formless Capital), and others, participated in the round.

Check out Alpine through the link to learn more!