Applications for DePIN Base Camp are open!
Transforming the platform economy to pave the way for revolutionary Web3 products.
Base Camp Summary
Starting: 13th May, 2024
Duration: 12 weeks
Application closure: 6th May, 2024
Where: Fully remote
The New Frontier
The applications built using DePIN are expanding outside of the scope of traditional physical infrastructure into verticals like data collection, AI infrastructure and the platform economy. We see two drivers behind this.
The purpose of physical infrastructure is changing. DePIN is transforming the purpose of physical infrastructure beyond traditional roles, shifting from digital services to data extraction. By creating a network of decentralized nodes, hosts can provide a way to extract valuable data.
The definition of physical infrastructure is changing Over past decade, society has increased its economic dependence on social networks. These networks historically relied on centralized entities coordinating social economical activities. DePIN is moving from digital infrastructure into social networks.
“DePIN is pushing through boundaries beyond digital resources – it’s rapidly expanding into data/IoT and social platforms as it goes mainstream. The decreasing cost of computational resources enables individuals and smaller organizations to contribute to DePIN networks, unlocking their true potential.
With the launch of this program, we are leveraging our extensive industry expertise to support founders building scalable ventures with tangible impacts on the real world needs of people. Even in the toughest markets, we help founders break down barriers.”
Riccardo Pagano
Program Manager, DePIN Base Camp
Why Now?
Web3 technology underpinning physical infrastructure has been built out over the past cycles. We believe now is the time for the space to go mainstream driven by the following trends:
Cost curves: Cost curves of compute and hardware have come down drastically, making small scale node operation economically viable.
Usability: AI-enabled front-ends are falling into the hands of consumers, improving decision making and management of DePIN networks and tokens.
Privacy & Security Concerns: Since the diffusion of Gen AI across billions of users globally, the concerns with privacy and security of data and services has drastically increased, leading to more user exploration for alternative solutions like DePIN.
Data Generation: There is an increase in data generation across network nodes propelled by the movements of AI and open-source.
Utility tokens: tokenomics create the backbone of the incentive structure behind DePIN. After a few cycles, we believe that the expertise to create utility tokens structures is mature enough for many DePIN networks to successfully be bootstrapped.
What projects are we looking for
Digital Infrastructure Networks
Form the foundational hardware and software systems that enable the creation, storage and communication of digital data and assets across various platforms and services.
- Decentralised compute
- File Storage
- Connectivity
Infrastructure & Tooling
Blockchain infrastructure supporting the platform and all the tooling to lower the barrier of entry to DePIN business models.
- Base Layer Protocol
- Tooling
Data Networks
Designed to facilitate the collection, dissemination and analysis of data.
- Sensor Driven Data Networks
- Bring Your Own Device (BYOD)
- Identity
Service Networks
Created to connect individuals and organizations and facilitate social and economic coordination around services involving physical nodes.
- Web2 improved services
- Web3 enabled services
Read our thesis!
DePIN has seen early success with digital infrastructure like storage and connectivity. We believe the next wave will revolve around DePIN being used for data extraction and social networks.
DePIN will be a big narrative in the upcoming bull market and is set to become the key driver behind mainstream adoption of web3 technology. Distributed ledgers, smart contracts and utility tokens are building blocks that allow for a decentralized yet coordinated approach to provide critical infrastructure.
Read our latest thesis to learn more about how we see this space evolving and what kinds of builders we’re looking for.
What do startups get out of the program?
Week 1-2
Helping you to maintain focus on OKRs & Web3 Readiness Framework and ensuring you’re optimally leveraging our network.
Week 3-6
Building your knowledge and refining your idea through workshops and 1:2:1 meetings with our Subject Matter Experts across token, design, legal, engineering, fundraising and more.
Week 7-12
Having learned and refined your idea in the first six weeks, the final weeks of the program are tailored towards supporting the key areas needed to bring product to market.
An opportunity to showcase your product to the wider Outlier network and 2 months fundraising support.
- 360 support from 40+ experts on token, product, legal, fundraising, etc.
- Access to a mentor network of industry leaders in the Web3 space
- Opportunity to build alongside a cohort of cutting-edge teams
- Fundraising support tailored to your needs
What we offer
- 12-week dedicated support and access to our 60+ team and network
- +2 months of additional fundraising support
- A generous stipend as part of the program
- Potential for follow-up investment (terms apply)
In return for
- Agreed equity stake and future token supply
- Option to join future equity rounds, token rounds, and NFT drops at a discount
We have accelerated 300+ teams across 34 cohorts
Testimonials
FAQs
- Funding in exchange for 6% of your company and 6% of future token supply
- 3 month fully remote accelerator program
- Access to in house specialist operational, legal, commercial, and co-marketing support
- Token engineering support and business model testing to pinpoint product-market fit
- An active global mentor, partner and investor network featuring over 400+ mentors and 180+ alumni companies in Web3
Our Base Camp program is designed to nurture teams whose business potential best leverages either the program’s protocol or partner strengths, base camp thematic fit and also aligns with Outlier Ventures’ Metaverse OS Thesis.
Participating startups will gain exposure to both Outlier Ventures’ and the partners ecosystems, offering an unparalleled opportunity for founders to scale their technology and grow their business.
If you’re a founder looking to accelerate the scaling of your business and deeply connect within the web3 ecosystem, get in touch!’
The Base Camp Accelerator is a fully remote and virtual program. This allows us to recruit and work with the best teams wherever. We have invested in companies across all continents. Our strength lies in the diversity of founders that we accelerate across the globe.