The days of me aping into DeFi projects without utility, sustainability or a proven track record are (mostly 😉) over. It’s for that reason that I’ve been excited about Alpha Shares for months now. The project already ticks the first two boxes and I am optimistic about their future as well.

Let’s dive a bit deeper into Alpha Shares and what it brings to the table.

What is Alpha Shares

Alpha Shares is a decentralized NFT market place on the Avalanche blockchain. They provide creators of NFTs with the opportunity to list their collections on the market place. This is similar to what OpenSea does, but unlike OpenSea, Alpha Shares doesn’t stop here.

Alpha Shares offers their partners the possibility to utilize their native token on the market place. Normally this would only be possible through the use of an in-house marketplace. Now instead of having to purchase or develop a custom marketplace, NFT creators can save themselves the time and money to do so.

The benefit of becoming a shareholder

Every time someone trades an NFT, a transaction fee of 2.5% is charged. These fees are then used to reward users who own an Alpha Wolf and users who stake the native $ALPHA token.

Alpha Wolf NFTs

Alpha Shares released a collection of 10,000 Alpha Wolf NFTs. Of the 2.5% transaction fee on user trades, half is used to buy $ALPHA from the open market. This is then distributed to the NFT holders.

You can become the owner of an Alpha Wolf by minting one, or buying one from the market place. Minting one costs 100 billion $ALPHA plus a 0.5 AVAX mint fee. As of writing this results in a cost of approximately $125.

Staking $ALPHA

The second option is to stake $ALPHA. 20% of every transaction fee is used to reward stakers with AVAX.

$ALPHA can be bought and sold without additional taxes through TraderJoe.

Conclusion

In my opinion Alpha Shares is one of the best DeFi projects to date.

The marketing is top notch, the launch was smooth as silk and most important of all: they created a product with actual utility and a very clear revenue stream. As time passes, more and more NFT collections will be added to the market place, resulting in even more revenue and thus more passive income.

It is for those reasons that I have decided to mint two Alpha Wolves.

Let me know in the comments how you feel about Alpha Shares and whether or not you will invest in this project. Also if you have any questions, feel free to let me know.

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