Official Press Release
Web3 Accelerator and Investor Partnership Announce First Cohort of Companies for 12-Week Intensive Program with $500,000 of Available Investment
CHICAGO, June 8, 2023 -- Decasonic, the global venture and digital assets fund building blockchain innovation, and Outlier Ventures, the leading global Web3 accelerator and investor, have selected six companies to participate in a Web3 Base Camp Cohort partnership. The Cohort will last 12 weeks and seeks to provide funding of $500,000 to develop these examples of mainstream adoption of Web3 services.
The partnership will aid the development of early-stage companies as they build use cases that drive communities and enterprises’ adoption, and engagement of Web3 to embrace key audiences. Web3 has the potential to exceed the needs of large brands, who increasingly rely on emerging technology to enhance their engagements with people through loyalty, commerce, product development and even testing, to fundamentally reshape these interactions.
As a result of advancements in blockchain abstraction tools, Web3 is at a pivotal moment to onboard more users than ever. Outlier Ventures and Decasonic believe the key to mainstream Web3 adoption stems from developments in areas that include AI-powered Web3, Web3 social and publishing to real-world assets and blockchain for healthcare.
“Outlier Ventures brings its unparalleled deep knowledge and network to support startups to design, build and launch industry-defining Web3 solutions,” said Jamie Burke, CEO of Outlier Ventures. “We share a vision with Decasonic to foster the commercialization of Web3 and ensure the opportunity delivers consumer-ready applications that bring in millions of users.”
The accelerator will support founders seeking to create projects that will enable mass adoption of Web3, from metaverse implementation and function, to NFT deployment and operation, blockchain engagement, as everyday Americans seek online engagement. The six companies chosen to participate are:
Bubbles Streamlining Web3 community engagement across multiple platforms. Like a ‘Twilio for web3’
Assisterr - Crypto market intelligence platform powered by LLM
OkTY - Turning personal data into a personal asset
Contented Media - Next generation UGC marketplace connecting brands and creators
Neuron Innovations - The future of decentralized public IoT networks, powered by AI
Continuum - Continuum is a upskill platform that gamifies professional education
Decasonic has carved a role as lead investor in an accelerator that models itself on the core competencies of the ultra-successful venture fund in the Midwest, proximal to major brands’ product development and design efforts. Drawing on decades of experience as technology investors, operators and co-builders, Decasonic brings a long term, relationship-driven approach to working with its partners and startup founders. In collaboration with Outlier Ventures, the firm seeks to activate the mainstream adoption of Web3, by supporting the rapid build and scale of responsible, intuitive, and accessible technology that starts in America's Heartland and grows to the rest of the world.
“We believe mainstream Web3 will elevate human interaction online and enhance lives. The cohort will embrace companies whose services will be used by millions of new users to Web3, many of whom carry genuine unicorn potential and 10x better than predecessor interactions of the internet. The goal for a user-owned internet is to positively impact the lives and lift living standards of the global mainstream, just as the initial consumer internet and mobile data did before it,” said Paul Hsu, CEO and founder of Decasonic. “The mainstream adoption of blockchain is a trillion-dollar opportunity, with at least three bold pathways. Blockchain will streamline payment, lending, or building wealth, change how consumers shop and engage with brands, and the metaverse will change how we spend meaningful time with others.”
Startups accepted into the Web3 Base Camp Cohort program will meet with mentors and advisors throughout a 12-week program, to help refine the vision and direction relating to product development, market fit and go-to-market strategy. Toward the end of the cohort, the Outlier Ventures and Decasonic team will host a showcase event where cohort participants will present to several investors from across both companies’ networks.
To learn more about the base camp, please visit: https://outlierventures.io/general-base-camp/
Decasonic is the venture and digital assets fund building blockchain and Web3 innovation. They draw on decades of experience as tech investors and operators to help founders in blockchain accelerate product-market fit and scale growth. As believers, builders, and investors in blockchain since 2013, they’ve engineered a systematic approach to iconic growth – with people, data, and relationships as the north stars of the fund. To learn more about Decasonic, please visit: www.decasonic.com
ABOUT OUTLIER VENTURES:
Outlier Ventures has been backing startup founders since 2014, with a renowned reputation as the go-to authority for Web3 founders, investors and enterprise, to help shape the future of the Metaverse.
Following huge growth, Outlier Ventures is the most active investor globally within the Web3 ecosystem (by volume), with a portfolio of 187 startups from every region of the world across its Base Camp and Ascent programs, helping raise over $350m in seed funding across its various accelerator programs. Outlier Ventures has also supported the launch and growth of several billion-dollar crypto economies including Biconomy, Boson Protocol, Fetch.ai, Secret Network, Blox Move, and DIA Data.
Outlier Ventures designs bespoke programs that help refine business strategy, product-market fit, community growth, token design and governance as well as an investor and mentor networks.
For more information, please visit www.outlierventures.io.