What is Alpha Shares ($ALPHA)?
Alpha Shares is aiming to solve emerging issues in the NFT space around utility specific NFTs as well as decentralizing the ownership and fee structure of NFT Marketplaces.
Existing marketplaces simply were not designed to cater to the ever-growing cryptosphere, and simply cater to ETH and where NFTs are today, not where they are going to be in the future. To solve these issues Alpha Shares has built a next-generation NFT Marketplace to set a new standard.
Alpha Shares was founded in March of 2022 by two professionals who met over dinner with the common goal of creating value in Web3 in ways not yet seen before. There were plenty of ideas flowing, most of which required a significant amount of initial capital for legal retainers, documentation, CPA retaining, etc. and we knew we had to bootstrap that capital.
On February 19th, 2022 Alpha Nodes was launched, a reflection token with a built in growing treasury. Alpha Nodes launched through the adversity of a bear market but managed to grow organically to a $12 million market cap in just under 4 weeks, pay out over $1,000,000 in rewards to holders in just over 5 weeks, and grow a substantial treasury for reinvestment.
This treasury enabled the formation of Alpha Shares and the start of development on the AlphaShare Marketplace. This success showed us that we can bootstrap our company in a DeFi fashion and be the first to develop such a platform with no VC funds, no lock in, no private ownership, no traditional system.