One of the first VC companies dedicated to investing in the emerging crypto ecosystem, Outlier Ventures has announced the latest strategic members to join the Outlier Ventures Partnership. These new members, who the company calls ‘Outliers’, will invest and advise startups going through Outlier Ventures’ Base Camp accelerator, dubbed the Y-Combinator of the Metaverse.
Launched in 2014, the crypto venture capital company introduced its Base Camp accelerator in 2019. Outlier Ventures has received over 5,000 applications for its highly competitive virtual accelerator and has helped raise over $250 million in seed funding for its growing portfolio of over 100 high profile projects from across the world, such as Crucible and Biconomy. In addition, it has supported the launch and growth of several billion-dollar crypto economies including Fetch.ai, Boson Protocol, Secret Network, Blox Move, Swash and DIA Data.
Their portfolio includes notable projects across DeFi, NFTs and blockchain infrastructure, in addition to use cases such as NFT-based digital couture fashion brands, avatar marketplaces, decentralised music publishing platforms, play-to-earn games, augmented reality pets and more.
Host dedicated accelerator programmes
In the last year, the crypto VC company has expanded its Base Camp programme to partner with leading protocols such as Filecoin, Polygon, and Polkadot to host dedicated accelerator programmes for these Web3 ecosystems. Through its blockchain agnostic approach, Outlier Ventures has achieved record growth, doubled its cohort intake year after year, and is on target to accelerate over 100 startups in 2022, making it one of the most active investors in the space by deal volume globally.
Contribute to new web paradigm Web3
Since its inception, Outlier Ventures has viewed its portfolio as an open stack of technologies that contribute to a new web paradigm, referred to as Web3, based on principles that prioritise the sovereignty of the user, user data and digital wealth, over platform and shareholder supremacy. In January of 2021, Outlier Ventures published its thesis on the imminent arrival of ‘the Metaverse’, outlining how Web3 would serve as an operating system for an Open Metaverse.
This thesis, Open Metaverse OS, proposed a framework and pathway towards architecting an Open Metaverse that would serve as an antidote to a broken internet— one that is centralized, closed, proprietary, extractive. Outlier Ventures’ Open Metaverse OS foresaw how web monopolies like Facebook would see the Metaverse as a way to extend and deepen their anti-social business models, proven by Facebook’s most recent focus on the Metaverse and its rebrand to Meta.
Making physical and digital spaces indistinguishable
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 Web3 technology. “We should absolutely consider crypto and the Metaverse as one and the same thing. In the same way that crypto is increasingly experienced through immersive experiences that bridge the real world with virtual assets, the Metaverse make our physical and digital spaces indistinguishable. And long-term, crypto will subordinate every fiat-based economy on the planet. But it is a peaceful revolution,” said Outlier Ventures Founder and CEO, Jamie Burke.
The new members’ list
The new members this time represent some of the most prominent figures across entertainment, music, consumer and celebrity brands, and Web3 such as Shaun Neff, founder, investor and advisor— Neff Headware, Sun Bum, Robinhood, Sony, Target, Moon with Kendall Jenner, and Beach House Group brands, Joel Zimmerman (aka deadmau5), GRAMMY-nominated electronic artist, Dean Wilson, CEO & Founder of SEVEN20, Manager & business partner of deadmau5, Snoop Dogg, musician and entrepreneur, Nicholas Adler, President of Unified Music Group, Snoop Dogg’s Manager, Cathy Hackl, Chief Metaverse Officer & CEO, Futures Intelligence Group, Sandeep Nailwal, Founder of Polygon Network, Sebastien Borget, COO & Co-Founder of The Sandbox, Sillytuna, prominent crypto angel investor and NFT collector, Max Stealth, NFT collector, Akira, NFT collector and Gabby Dizon, Co-Founder of Yield Guild Games.
With this latest member intake, the VC company is driving the convergence of culture, technology, and commerce in a way that empowers creators and consumers alike while simultaneously introducing new models for value generation that both disrupt and transform Hollywood, Wall Street and Silicon Valley all at once.