Business News Report
August 10, 2023

Futureverse Joins Forces with Outlier Ventures for The Futureverse Base Camp Accelerator Program

In Brief

AI and metaverse technology company Futureverse has launched an accelerator program with Outlier Ventures.

The program will receive funding from Born Ready, a venture fund and studio created by the co-founders of Futureverse.

Participants in the program will receive up to $100,000 in funding and mentorship.

Futureverse, an AI and metaverse technology and content company, and Web3 venture platform Outlier Ventures, have partnered to launch The Futureverse Base Camp Accelerator Program.

The program will receive funding from Born Ready, a venture fund and studio created by the co-founders of Futureverse. The accelerator program will select a cohort of promising early-stage startups building on The Root Network, a public decentralized blockchain and suite of protocols for metaverse apps and experiences. 

The Futureverse Base Camp Accelerator will be looking for teams focusing on building out additional infrastructure for The Root Network as well as applications on top of it. Chosen teams in the 12-week accelerator program beginning January 2024 will receive up to $100,000 in funding and mentorship from Outlier Venture and Futureverse’s in-house team of experts and mentors on their product roadmap, community building, entity structuring, strategic partnerships and more. 

Futureverse and Outlier Ventures will provide support tailored to each startup’s needs across different web3 technologies including protocol infrastructure that drives adoption, new consumer-facing games and experiences built using The Root Network along with creating utility for existing content and protocols.

The program will also focus on supporting teams using web3 technology to boost existing experiences in the real world and use cases that drive XRP liquidity such as the tokenization of physical assets. Futureverse previously partnered with Ripple to integrate The Root Network with XRP Ledger (XRPL), and to support the use of XRP as a GAS token and XLS-20 NFT standard

Commenting on today’s announcement, Jamie Burke, founder and CEO of Outlier Ventures said: “From the early stages of working with them, we have invested in multiple layers of their stack and IP, as they simultaneously partnered with a growing number of portfolio companies coming out of our accelerator, deepening the partnership at each stage. We are now thrilled to run a dedicated accelerator with Futureverse to onboard more founders and creators into their ecosystem.”

This news comes after Futureverse announced on Jul 18 the close of its $54 million Series A round led by 10T Holdings, with participation from Ripple, which coincided with Ripple’s partial win in its legal dispute with the SEC just days prior.

The company’s technology platform includes a comprehensive set of unique AI content generation tools designed to enhance the elements that constitute the metaverse: music, objects, characters, and animations. Through the consolidation of 11 metaverse infrastructures and content firms into one collaborative ecosystem, Futureverse aims to deliver the essential building blocks necessary for the creation of various metaverse applications.

Over the past year, Futureverse has partnered with world-famous brands and public figures including FIFA, Mastercard, Death Row Records, Wētā Workshop, Snoop Dogg, Timbaland, Keanu Reeves and Alexandra Grant.  Futureverse also recently partnered with NFT brand Cool Cats to create AI offerings for the community.

Applications for the Futureverse Base Camp open today and will close early December 2023. Builders interested in participating in the program can apply here.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

More articles
Cindy Tan
Cindy Tan

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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