FTA Fund — Cryptos
The Failure-To-Adapt to AI - Cryptos fund — one strategy of the
Tuatara Hedge Fund, a
multi-strategy fund-of-funds. Our FTA algorithm scores
every shortable perpetual market on whether the project behind it is
actually executing in AI — probing agent infrastructure
(A2A/MCP agent cards, llms.txt, live support agents),
verifying shipped AI products, measuring developer pulse, penalizing
AI-washing, and overlaying the market's own verdict. The fund shorts
the worst scores. Higher FTA = worse adaptation.
Index price — 30 days (daily closes)
| Constituent | Weight | FTA score | AI claims profile | Since |
|---|---|---|---|---|
| FTA-12 | 9.21% | 75.0 | No AI adaptation | 2026-08-15 |
| FTA-13 | 8.21% | 72.3 | No AI adaptation | 2026-08-15 |
| FTA-16 | 7.26% | 69.7 | No AI adaptation | 2026-08-15 |
| FTA-17 | 6.79% | 68.4 | No AI adaptation | 2026-08-15 |
| FTA-25 | 6.33% | 66.4 | No AI adaptation | 2026-08-17 |
| FTA-26 | 6.07% | 65.8 | No AI adaptation | 2026-08-17 |
| FTA-27 | 5.81% | 65.1 | No AI adaptation | 2026-08-17 |
| FTA-28 | 5.76% | 65.0 | No AI adaptation | 2026-08-17 |
| FTA-29 | 5.73% | 64.9 | No AI adaptation | 2026-08-17 |
| FTA-30 | 5.69% | 64.8 | No AI adaptation | 2026-08-17 |
| FTA-19 | 5.66% | 65.4 | No AI adaptation | 2026-08-15 |
| FTA-31 | 5.16% | 63.4 | No AI adaptation | 2026-08-17 |
| FTA-32 | 4.95% | 62.9 | No AI adaptation | 2026-08-17 |
| FTA-05 | 4.28% | 73.8 | No AI adaptation | 2026-08-09 |
| FTA-23 | 3.81% | 60.3 | No AI adaptation | 2026-08-15 |
| FTA-24 | 3.73% | 60.1 | No AI adaptation | 2026-08-15 |
| Total allocated | 94.44% | 5.56% is currently unallocated — held as an uninvested cash residual after a constituent retirement, until weights renormalize at the next rebalance. | ||
How the FTA algorithm scores
- Claims tier — what the project says it is: AI-native, bolt-on AI, AI-narrative-only, or no AI claim at all. Not claiming AI in 2026 is itself failure to adapt.
- Verifiable evidence — probed live from the project's own
infrastructure: A2A/MCP agent cards,
llms.txt, embedded AI support agents, homepage AI signals, and whether a claimed AI product is actually live and usable. - Developer pulse — public repository activity for projects claiming AI: shipping recently scores down, dead repos score up.
- AI-washing penalty — claiming AI with no live product, no agent card and no site agent scores worse than not claiming.
- Market verdict — persistent 90-day underperformance against BTC confirms the market is pricing the failure.
The fund is dynamic: constituents are re-scored on a rolling basis and swapped or rebalanced as scores change. Weights are proportional to FTA score.
The FTA Fund is one strategy of the Tuatara Hedge Fund — a multi-strategy fund-of-funds spanning short, long and FTA strategies. Apply to the Tuatara Hedge Fund →