“We believe Hedera Hashgraph provides a powerful option for Metaverse startups, developers and enterprise partners to deploy highly immersive, affordable and performant dapps and XR experiences for both consumer and industrial use cases today as a competitor to centralised platforms’’ – Jamie Burke, CEO of Outlier Venture
Today, we are happy to announce our first Hedera cohort. The companies that form this cohort have been carefully selected from an application pool of 300+ applicants. Their use-cases vary from ushering enterprise into the metaverse, to providing key infrastructure to support Hedera’s growth.
Outlier Ventures has been supporting start-ups in the Open Metaverse since 2014. Last year alone, we accelerated 100+ start-ups, raising over $350m across our various Base Camp programs. In collaboration with the HBAR Foundation, we launched our first-ever Hedera Base Camp this quarter. Through the program we are accelerating the growth of companies leveraging Hedera’s unique hashgraph technology to meet the expanding requirements of a growing Open Metaverse.
Our partnership with the HBAR Foundation is an important building block towards our mission to support the growth of the Open Metaverse. Over the course of this year, we have seen growing interest from large corporations and enterprises to participate in web3. Hedera hosts a myriad of features that cater towards the needs of these organisations:
- The transparent governing structure matches well with the high security needs of these organisations.
- The low and stable transaction fees allow organisations to build scalable and predictable business models.
- Hedera’s cost-effective transaction fees, coupled with its carbon-negative footprint, allow us to build a more inclusive and sustainable Open Metaverse.
The timing of this partnership allows us to support the ecosystem at a crucial time in its growth journey. In January, Hedera announced that it will make Hedera’s code open source, shortly after which their smart contract service 2.0 was launched. These developments created many opportunities for entrepreneurs and builders – our goal for the Hedera Base Camp is to enable the most promising of these entrepreneurs with a toolkit to build and grow their businesses, while contributing to growth of the Hedera ecosystem as a whole.
Please join us in celebrating the following teams that will be participating!Dropper – The crypto ecommerce payment solution that allows Web2 companies to evolve to Web3 transactions. Crypto in, Cash Out
The evolution of the internet continues with the inflection point of Web3. The digital transformation requires web companies to rapidly adapt the ability to participate and transact in this new digital world.
Our software stack helps Web2 companies evolve into Web3 by enabling them to layer on digital wallet connectivity, the ability to deploy digital assets, and lastly the tools to accept cryptocurrency payments and get paid in cash.
HashGuild – HashGuild is an NFT infrastructure provider for the Hedera ecosystem
The NFT market continues to grow, however NFT infrastructure on Hedera remains nascent. Tools that exist on other chains, such as marketplaces, launchpad, and staking solutions are still in their early-stages. This limits the growth of Hedera’s promising NFT market.
HashGuild is an end-to-end solution for NFT infrastructure on Hedera. They provide a marketplace, launchpad, staking solution and an analytics tool. HashGuild also incentivizes creators and consumers with the $HAGU utility token.
Lexie: A community-owned marketplace powered by Web3
Currently, shoppers need to choose between (i) the convenience of working with marketplaces (e.g. Amazon, UberEats, Doordash) or (ii) the best price and the support they can get directly from merchants’ own storefronts.
Lexie is a community-owned marketplace for food and grocery. In Lexie, shoppers’ contributions are incentivized by token rewards. They not only lower the cost of the operations in the marketplace but also provide a more delightful user experience through user-generated content
Mawari: The “Akamai” of the Metaverse providing the infrastructure to seamlessly stream and deliver AR and VR
The current state of the art 3D rendering technologies are not designed for streaming nor delivery at scale. Mobile and XR devices do not have enough power nor battery to render rich interactive content due to devices computing power.
Mawari breaks these bottlenecks by rendering 3D content in the cloud, encoding geometry, not pixels, and streaming it to mobile XR devices enabling immediate access to unlimited XR experiences.
Levitar: User owned & managed quorum approval to eliminate single points of failure
Web3 can be a tricky space and immutability is not security – breaches happen with alarming frequency, often due to single points of failure. If a hacker gets past that single point of defense by phishing or social engineering, an approver has very little chance of protecting their assets.
By splitting keys cryptographically and not needing to rely on a trusted oracle, Levitar uses multi-party computation technology to provide a complete security solution for developers. Good faith validators earn rewards for participating in the network.
Serapis: Measure, report, and verify carbon emissions on the Hashgraph
(Stealth mode building)
Businesses everywhere will soon be required to report emissions. Less than half of businesses are currently reporting (voluntarily), and this data frequently isn’t accurate.
Rearden Digital Assets’ Serapis solution measures, reports, and verifies greenhouse gas emissions. Serapis leverages Hedera’s digital ledger technology to provide transparency and immutability for regulatory compliance.
Zimbali: Global digital token infrastructure for cross-border payments and local communities support
The global payments infrastructure is archaic and does not easily support the inclusion of people who need to make or receive cross-border payments. Global communities need a way to manage and move money safely and securely together.
Zimbali provides the infrastructure for communities to create their own community-owned lending pools through creating decentralized autonomous organizations (DAOs).
Please follow our cohort on social media and keep in mind that if you are thinking of building in Web 3 and might be interested in joining our next cohort you can pre-register your interest here. You can also book a call with the Outlier Ventures investment team during our office hours to ask questions or assess your options.
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