Altcoin News

The Hedera Base Camp Accelerator program has officially kicked off

In a strategic move aimed at fuelling growth across the Hedera ecosystem, the HBAR foundation has launched the Hedera Base Camp Accelerator program in a joint-partnership with Outlier Ventures.

The blockchain start-up incubation program will bring together some of the brightest minds in web 3.0 development to share ideas and build ground-breaking products.

Hedera has equipped the base camp with access to an immersive enterprise-grade Open Metaverse, set to empower innovative use-cases such as highly efficient NFT infrastructures, gaming technology and immersive XR experiences.

There will also be an emphasis on developing strong middleware solutions that will soon be able to take advantage of Hedera’s smart contract mainnet which launches on February 2.

Rob Allen of the HBAR Foundation explained how the strong Hedera partnership with Outlier will drive growth across the HBAR ecosystem.

“We’re proud of our partnership with Outlier Ventures, which has been scaling the largest multi-chain ecosystem of founders, investors and experts in Web3 and is an industry thought-leader on the Open Metaverse,” said Allen.

“The Hedera Base Camp will act as a prime funnel for emerging startups searching for a highly performant, sustainable, and scalable DLT network and we are excited to welcome the Outlier team to the Hedera ecosystem.”

20 blockchain start-ups will be accelerated in 2022

Plans are afoot for two separate accelerator base camps this year, with each expected to see 10 pre-seed round start-ups participating explained Jamie Burke CEO of Outlier Ventures.

“We believe Hedera Hashgraph provides a powerful option for Metaverse startups, developers and enterprise partners to deploy highly immersive, affordable and performant dApps and XR experiences both for consumer and industrial use cases today as a competitor to centralised platforms,” said Jamie.

Outlier is set to make major contributions to the accelerator. So far, the early-stage VC firm has helped 100+ start-ups raise a combined $450m in seed funding – including the launch of several billion dollar networks.

Contributions will include support on token design and issuance, business and governance models, community building, and perhaps most pivotal – fundraising.