As early investors in the space, we foresaw the convergence of blockchains with other technologies such as IoT, AI, VR & AR, outlining our vision and thesis back in 2016.
Fast forward to 2021 and we are now witnessing the emergence of The Open Metaverse where NFTs and DeFi combine to create a common open economic layer for virtual worlds, gaming and the Web at large. In 2020, we witnessed a perfect storm of socio economic and technical macro trends accelerated by the COVID-19 pandemic. As a society we now invest more time and money than ever before into gaming and virtual worlds. In addition to the pandemic, the economic consequences of relaxed quantitative easing programs push people’s and institutions’ investments appetite into risk-on including more capital committed to high growth sectors like hardware, connectivity and software bringing us closer to living in an Open Metaverse.
Base Camp is the only accelerator explicitly dedicated to the mission and actualisation of Open Metaverse. One that is native to it and deeply understands its principles, economics, technologies, business models, and product strategies. We have condensed several years of applied learning at all layers of the Web 3 Stack into a 5 month accelerator program to help early stage startups entering the space to navigate its complexities and nuances, explore new business models but also find product-market fit and effectively capitalise their project through equity, tokens and now NFTs.
Base Camp 5, the Summer 2021 cohort, is handpicked from over 200 applicants and a perfect illustration of the Open Metaverse OS Thesis drawn from the US, Japan, the Netherlands, Spain, Germany, the UK and the Philippines and across the stack from applications to core primitives and infrastructure. Use cases and themes include interoperability across the Metaverse, SSI protocols, avatar tooling, digital fashion and wearables as well as those bridging the gap between CeFi and DeFi, play-to-earn gaming models and scaling Virtual Worlds.
We’re excited to start working with them on everything from scaling their teams and business models to token design and launch. They will be engaging with our Outlier team as well as our incredible global web 3 mentors who continue to offer their time, experience, and network so generously.
Read more about the teams below and follow the progress of Base Camp 5, our entire portfolio, and the Outlier Team on Twitter, Linkedin and through our newsletter.
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If you are building in Web 3: whether it is Metaverse, DeFi, NFTs or New Data, 100x your project by joining us! Indicate interest in working with us here and our investment team will get in touch with you.