Sei, a first sector specific Layer 1 specialized for trading and fastest chain to finality, joins together with Alpha Venture DAO, a Web 3.0 venture builder, “to deliver the most competitive incubation program, ‘Alpha Incubate Batch 2’ to DeFi builders.”
They are collaborating to give innovators hands-on mentorship experience in “creating simple, secure, scalable dApps on Sei and to accelerate the growth of DeFi projects.”
Alpha Incubate Batch 2 is “a 12-week DeFi-focused program that provides guidance, resources and support to innovative startups.”
The teams “analyze each project 1 by 1 to find their areas of need and pair them with top-tier investors, operators, and founders who provide advice on strategy and the steps that incubatees should take to get to their milestones and move from 0 to 1 through the program.”
In short, successful candidates will “receive personalized actionable steps specific to their sector and stage.” These mentorships will be “led by mentors from the Alpha Network, such as investors and operators from The Spartan Group, Nansen, 1Kx, Parafi Capital, and many others, including Sei.”
Sei has “one of the most well-rounded ecosystems fully equipped to support DeFi projects to success.” The chain “emphasizes reliability, security and high throughput above all else, enabling an entirely new echelon of ultra-high performance DeFi products built on top.”
By exploring the new design space in between app-chains and general purpose Layer 1’s, Sei has carefully “selected for a unique set of tradeoffs that make its Layer 1 the optimal environment for DEXs.”
In this program, projects will “have the opportunity to get personalized mentorship from Sei and tap into a community of industry experts that will help them raise funds from top-tier investors hand-selected by Alpha Venture DAO after the Demo Day.”
Moreover, startups will also “be fast tracked to be considered for grants from Sei, receive marketing support, and many more perks that builders can leverage.” With the addition of Sei to their ecosystem, they hope “to incubate the next generation of disruptive DeFi innovations that raise the standard for all DeFi projects, and move towards mass-adoption.”
The application window is now “open until November 27, 2022 at 11:59pm UTC.”
Tascha Punyaneramitdee, Project Lead and Co-founder of Alpha Venture DAO, said:
“We are confident that our partnership with Sei will bring immense value to Web 3.0 builders through the Alpha Incubate Batch 2. Given Sei is one of the most user-friendly layer-1 blockchains that also provides tools and tutorials to help builders easily onboard and get started, and especially with the direct mentorship from Sei through the Alpha Incubate program that is tailored for each of our incubatees, this will definitely accelerate the growth of DeFi projects that are of high-quality.”
Dan Edlebeck, Head of Ecosystem at Sei, remarked:
“We are thrilled to join the most competitive incubation program through our partnership with Alpha Venture DAO, helping to accelerate Web 3.0 startups exploring the rapidly growing DeFi design space. Alpha Incubate Batch 2 will deliver multiple exciting, scalable dApps through this cohort. I’m interested to see which DeFi applications are born and expand the Sei ecosystem leveraging Batch 2 program mentors’ expertise, network, and long-term support.”