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!
Related posts
Subscribe for newsletter
* You will receive the latest news and updates on your favorite celebrities!
Young Turtles 2022 Workshop by Turtle Venture
Turtle Venture is here with a brand new workshop for you to join! The registration for Young Turtles 2022 is…
SHE LOVES TECH Bangladesh 2020
I f you’re a woman entrepreneur, then “She Loves Tech” would be a popular name for you, right? They will…
SELISE Coding Challenge 2020
A re you a coder? Are you bored in this quarantine while looking for opportunities to enrich or test your…
GP Accelerator Startup Talk Episode-1
D ue to COVID-19, it was like life almost had stopped in the earlier days. Though it’s not like that…
bKash Launches bTechWhiz to JumpStart Talent Hunt from University Graduates
The leading mobile financial services (MFS) provider in the nation, bKash, has started a program called “bTechWhiz” to find and…
“Be The Star of Entrepreneurship” Mentorship Sessions: Startup Literacy
The sixth mentorship session of “Be The Star of Entrepreneurship” 2022 was conducted on the 19th of April on Startup…
“Be The Star of Entrepreneurship” Mentorship Sessions: Startup Finance
The fifth mentorship session of “Be The Star of Entrepreneurship” 2022 was conducted on the 18th of April on Startup…
“Be The Star of Entrepreneurship” Mentorship Sessions: Product Design
The fourth mentorship session of “Be The Star of Entrepreneurship” 2022 was conducted on the 16th of April on Product…
“US Patent and Trademark Office Meets MSMEs and Startups” Session Held
A session was held recently on 10th May 2022; organized by iSocial Limited and facilitated by Turtle Venture- regarding…
“Be The Star of Entrepreneurship” Mentorship Sessions: HR Management
The latest mentorship session of “Be The Star of Entrepreneurship” 2022 was conducted on the 24th of April on HR…
“Be The Star of Entrepreneurship” Mentorship Sessions: Fund Raising
The latest mentorship session of “Be The Star of Entrepreneurship” 2022 was conducted on the 28th of April on Fund…
Bangladeshi Startups Getting $750 Million in Foreign Investment
In the last decade, the country has attracted over $750 million in foreign investment in the startup industry, according to…