FTA Fund
The Failure-To-Adapt-to-AI 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.
FTA Index price — 30 days (price-weighted)
| Constituent | Weight | FTA score | AI claims profile | Since |
|---|---|---|---|---|
| FTA-01 | 10.87% | 82.4 | AI-narrative only | 2026-08-09 |
| FTA-02 | 10.72% | 81.3 | AI-narrative only | 2026-08-09 |
| FTA-03 | 10.70% | 81.1 | AI-narrative only | 2026-08-09 |
| FTA-04 | 9.75% | 73.9 | No AI adaptation | 2026-08-09 |
| FTA-05 | 9.73% | 73.8 | No AI adaptation | 2026-08-09 |
| FTA-06 | 9.67% | 73.3 | No AI adaptation | 2026-08-09 |
| FTA-07 | 9.67% | 73.3 | No AI adaptation | 2026-08-09 |
| FTA-08 | 9.64% | 73.1 | No AI adaptation | 2026-08-09 |
| FTA-09 | 9.64% | 73.1 | No AI adaptation | 2026-08-09 |
| FTA-10 | 9.60% | 72.8 | No AI adaptation | 2026-08-09 |
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 →