Outlier Ventures Discovers the Next Big Thing in Cryptocurrency… or Do They?
“The mind that is not baffled is not employed. The impeded stream is the one that sings.” — Wendell Berry.
Outlier Ventures has finally revealed the nine teams that have made it into the prestigious Bitcoin Base Camp cohort, backed by none other than Plassa Capital and IOV Labs.
The Bitcoin Base Camp, a Web3 accelerator program, is being run by Outlier Ventures, and it has certainly piqued the interest of the crypto community. The program is geared towards supporting early-stage Web3 founders and has garnered significant attention due to its association with industry giants such as Plassa Capital and IOV Labs.
The selected startups, a total of nine in number, were chosen from a pool of global applicants and are dedicated to building applications, products, and protocols that leverage the Bitcoin network. The program, consisting of a remote 12-week accelerator, will provide the selected teams with workshops, mentorship, and support from Outlier Ventures, Plassa Capital, and IOV Labs.
This momentous occasion marks a significant milestone in the crypto ecosystem, as these startups are committed to accelerating innovation on the Bitcoin network, which currently holds a dominant position in the digital asset space. The program aims to harness the potential of the Bitcoin network by focusing on innovations in composability, functionality, and scalability.
The selected teams will benefit from the expertise and support of Plassa Capital, a venture capital firm deeply entrenched in the global crypto ecosystem, and IOV Labs, a core contributor to Rootstock, one of the most secure Bitcoin sidechains.
Rootstock, with its Turing-complete smart contract platform, has paved the way for developers to create products and services on top of Bitcoin, enhancing its programmability and making transactions cheaper, faster, and more scalable.
The nine chosen startups, namely Deeplake, Joltz, Sati, Ordinox, Takenos, Sailing Protocol, Loka Mining, SimpleFi, and Bloom, represent a diverse and dynamic group of innovators committed to unlocking the untapped potential of Web3.
Throughout the program, Outlier Ventures, Plassa Capital, and IOV Labs will provide tailored support to each startup across various verticals, including DeFi solutions on Bitcoin, Middleware & UX/UI for emerging dApps, asset issuance capabilities on Bitcoin, and solutions tied to Bitcoin’s unique Proof-of-Work consensus.
Jean-Philippe Jabre, the Founder at Plassa Capital, expressed his excitement about supporting entrepreneurs driving innovation in the Bitcoin ecosystem. He emphasized the recent advancements in scalability and utility within the Bitcoin network, highlighting the opportune moment to back innovative projects in this space.
Daniel Fogg, CEO at IOV Labs, echoed similar sentiments, expressing enthusiasm about supporting the first cohort of the Bitcoin Base Camp Accelerator Program. The team at IOV Labs is keen on harnessing the power of Rootstock to build the businesses of the future on Bitcoin.
Francesca Conti, Outlier Ventures’ Bitcoin Base Camp Program Manager, also shared her excitement about the selected startups participating in the accelerator program. She emphasized the program’s focus on leveraging Bitcoin-based technologies and the support from partners at Plassa Capital and IOV Labs.
The program promises to be a game-changer in the crypto space, fostering innovation in fields such as DeFi, Infrastructure, Asset Issuance, and Energy/Mining.
This marks a significant step forward for the crypto ecosystem, as promising startups gear up to leverage the potential of the Bitcoin network and transform the landscape of Web3.