At Outlier Ventures, our thesis of the Open Metaverse is the logical continuation of everything we have been working towards since becoming Europe’s first blockchain venture capital fund in 2014. It is paramount that our shared digital space is decentralized, giving creators the tools to build freely and transfer their assets between platforms. The success of this platform exists as what will steer us towards a technology-enabled humanist world rather than a digital dystopia.
Therefore, it was natural for us to align with Open Meta, a DAO founded on these same principles and focused on digital sovereignty.
A Call to Action
Ryan Gill, the creator of Open Meta, is a previous partner of ours. His company Crucible is a graduate of Outlier’s Base Camp accelerator, and has already been focused on building this interoperable framework through its game developer tool stack. With Crucible, Gill is creating ways for metaverse explorers to carry their possessions across digital worlds, and verify their identities without exposing them through his Self Sovereign Identity framework.
Open Meta is the natural extension of this mission. “In response to the Facebook announcement, there are a growing number of disjointed efforts around this shared open vision in a scramble to make a stand,” Hill describes, referring to Facebook’s rebrand to Meta and subsequent efforts to create a metaverse where the company has the ability to act as judge, jury, and executioner. He sees Open Meta as a way to bring together those who see the importance of this mission, to create a unified campaign that can stand strong in the face of centralized challengers.
Successful Fundraise and High Profile Partners
Considering Gill’s history of innovation in the space, it is no surprise that Open Meta had a successful initial fundraise of $4.5 million at a $100 million evaluation. Just as importantly, it boasts a large number of powerful collaborators in the Web3 ecosystem. Along with Outlier, Open Meta is supported by Animoca, two executives from Polygon, Dapper Laps, and many more. This assures that our mission stands a fighting chance in the face of the multi-billion-dollar interests of those creating closed metaverses.
Achieving an open metaverse will take a comprehensive effort from people across a wide variety of industries. Open Meta takes the approach of allowing members, upon entering their Discord, to sort themselves into self-chosen Houses that organize them by interest and acumen. These Houses range widely, with groups focused on topics from music production to human ethics and everything between. Gill believes that the metaverse is applicable to every industry, and having this wide variety of groupings will allow Open Meta members to take action on creating new ways of working in their fields of expertise. Moving forward, they plan to appoint four Heads of Houses to work on shaping each house, providing guidance as to how to best move forward.
Open Meta’s Next Moves
By bringing together this group of visionaries and encouraging their collaboration, Open Meta allows for a synergistic, chain-agnostic effort that supports projects who are building towards this collaborative platform. A unified vision is always stronger than a scattered one, and we believe that Open Meta provides a powerful framework, supported by leaders in the space, to work together to build the future we want to see.
Learn More about Open Meta
The Project > https://www.openmetadao.com/
The Community > http://discord.gg/OpenMeta
Twitter > https://twitter.com/OpenMetaDAO
About Outlier Ventures
Outlier Ventures has been backing Web 3 founders since 2014 and is the world’s leading Open Metaverse accelerator program, and was one of the first VC firms dedicated to investing in the emerging crypto ecosystem. Their portfolio includes notable projects across DeFi, NFTs and blockchain infrastructure with a focus on emergent Open Metaverse use cases such as NFT-based play-to-earn games, augmented reality and more. Outlier Ventures portfolio can be found.
Both Base Camp and Ascent are constantly looking for founders accelerating the open Metaverse thesis by launching token networks. We provide a proven framework for growth while weaving together a global network of over 1,000 of the world’s leading Web 3 founders, protocols, and VCs to form an ecosystem of mentorship and investment.
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