Celebrities Snoop Dogg and Deadmau5, consumer brand guru Shaun Neff and the founders of Sandbox and the Polygon Network are the newest members of Outlier Ventures’ Base Camp Web 3 accelerator and will invest in and advise the program’s startups.
- The Outlier Ventures’ accelerator was launched in 2019 and has been dubbed the “Y-Combinator” of the metaverse, raising over $250 million in seed funding so far for its portfolio of 100 projects.
- Projects funded by the firm include those involved in decentralized finance (DeFi), non-fungible tokens (NFT) and blockchain infrastructure, as well as NFT-based digital couture fashion brands, avatar marketplaces, play-to-earn games and augmented reality pets.
- The accelerator’s newest strategic members also include Sandbox co-founder Sebastien Borget and Polygon Network founder Sandeep Nailwal.
- “The metaverse will eventually connect every platform, virtual world and game into a single permissionless peer-to-peer economy native to the internet, most importantly underpinned by crypto and Web 3 technology,” said Outlier Ventures CEO Jamie Burke in a statement.
- The metaverse is a space generated by the convergence of virtual worlds, augmented reality and internet services. By offering a collective virtual experience, it has introduced new opportunities to creators, gamers and artists.
- Facebook recently changed its corporate name to Meta and announced its metaverse will support NFTs.
- “In the same way that crypto is increasingly experienced through immersive experiences that bridge the real world with virtual assets, the metaverse makes our physical and digital spaces indistinguishable,” noted Burke.
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