HomeUKOutlier Ventures Collaborates with peaq to Launch the DePIN Base Camp Accelerator

Outlier Ventures Collaborates with peaq to Launch the DePIN Base Camp Accelerator

Outlier Ventures Collaborates with peaq to Launch the DePIN Base Camp Accelerator

Outlier Ventures, a London, UK-based global Web3 accelerator, announced the launch of the DePIN Base Camp accelerator program in collaboration with peaq, the layer-1 blockchain for real-world applications.

The program will begin in May 2024 and last for 12 weeks, with teams receiving up to $200K investment.

The new program will focus on supporting founders from around the world, with selected teams engaging in a variety of virtual workshops, mentoring sessions and more, culminating in a virtual Demo Day. 

Decentralized physical infrastructure networks (DePINs) leverage tokens to crowdsource real-world infrastructure such as smart sensors or Web access points. Starting to go mainstream, DePIN projects are expanding beyond digital resources into other areas such as Telecom, Technology, and more, all currently dominated by centralized companies.

Throughout the duration of the program, Outlier Ventures and peaq’s team of in-house experts will provide support customized to each startup’s needs, supporting teams across segments including, but not limited to data networks, decentralized digital infrastructure networks, data/(Internet of Things (IoT) and service networks and Infrastructure and tooling, AI-enabled UX and decentralized AI models. The founding team behind peaq will also provide its expertise in various aspects of building and running a DePIN, from architecture to core business model and incentive mechanism. 

Applications for the DePIN Base Camp program will close April, 2024.

The 12-week program will commence in May 2024. 

Founded in 2014 by Jamie Burke, Outlier Ventures is a global Web3 accelerator, with a portfolio of over 300 startups from every region of the world. The firm has helped raise over $350m in seed funding across its various accelerator programs. The portfolio includes Web3 companies including Agoric, Biconomy, Boson Protocol, Brave, Cheqd, Cudos, DIA Data, Fetch.ai, Futureverse, Ocean Protocol, and Secret Network. 

VCWire

19/03/2024