Web3 accelerator Outlier Ventures and Singularity Finance, a brand-new L2 on EVM tasked with AI use circumstances, shared the main points of a joint initiative. Their incubation program, RWA Base Camp Accelerator, might be operating for 12 weeks till January 2025.
RWA Base Camp Accelerator by Outlier Ventures, Singularity Finance kicks off
Outlier Ventures, a serious Web3 accelerator, has partnered with Singularity Finance L2 to launch the RWA Base Camp Accelerator, a specialised program for start-ups within the real-world belongings (RWA) phase. This system accomplished the onboarding of individuals.
All through the 12-week program, the primary cohort of its incubees will share $100,000 funding in addition to tech and consulting help from Outlier Ventures’ staff of specialists. The consulting program will embody authorized frameworks, token design, community-building methods, tokenomics and fundraising and pitch deck refinement, together with workshops and mentorship from Singularity Finance.
Apart from an in depth coaching program, the initiative additionally consists of mentor suggestions synthesis, goal-setting to assist founders obtain and tailor-made mentor matching.
Outlier Ventures’ chief development officer Benjamin Meyer emphasised the actual significance of this system for your complete scope of founders and builders within the RWA scene:
We’re thrilled to broaden our strategic partnership with Singularity Finance, to assist help Outlier Ventures’ RWA Base Camp cohort. By means of our mixed experience and community, collectively we might be targeted on supporting the founders with the assets and experience wanted to efficiently scale and contribute to the real-world belongings ecosystem.
The partnership follows from Outlier Ventures’ current announcement of strategic business alliances with SingularityDAO AI x Crypto Base Camp accelerator program, geared toward supporting start-ups with the assets and experience wanted to navigate and drive development within the evolving AI x Crypto panorama.
New alternatives for RWAs tokenization tooling
Cloris Chen, CEO of Singularity Finance, echoed the phrases of Mr. Meyer:
Our partnership with Outlier Ventures is a vital step for us to develop the SFI ecosystem. With their years of expertise within the Web3 house, incubating top-notch corporations, we will make our L2 the go-to place for high-quality initiatives.
As lined by U.At the moment beforehand, final October, SingularityDAO introduced its plan to merge with Cogito Finance and SelfKey, consolidating tokens from all three initiatives beneath Singularity Finance (SFI). This merger marks a key step towards making a unified, tokenizing belongings and AI-focused Layer-2 ecosystem throughout the broader blockchain panorama.
Associated
The brand new AI alliance is ready to pave the best way to a wholly new modus of AI utilization in Web3 initiatives. As the primary AI-focused L2 in an EVM ecosystem, Singularity Finance is predicted to host loads of dApps from this phase.
Superior devices for RWA tokenization on EVM is yet one more instance of potential AI showcases in Web3 initiatives.