As a seasoned crypto investor with over a decade of experience under my belt, I can confidently say that this latest initiative by Outlier Ventures and Singularity Finance is an exciting development for the Web3 space. Having witnessed the rise and fall of numerous projects, I’ve learned to identify potential when I see it, and this partnership ticks all the right boxes.
Outlier Ventures, a Web3 accelerator, and Singularity Finance, a recently launched EVM-based L2 focused on AI applications, have revealed details about their joint project. This collaborative initiative is called the RWA Base Camp Accelerator, which will run for 12 weeks until January 2025.
RWA Base Camp Accelerator by Outlier Ventures, Singularity Finance kicks off
Outlier Ventures, a leading Web3 accelerator, has teamed up with Singularity Finance L2 to introduce RWA Base Camp Accelerator, an exclusive initiative for startups focusing on real-world assets. This program has successfully welcomed its participants following the completion of the onboarding process.
Picture a financial system where each tier is driven by artificial intelligence (AI). Singularity Finance capitalizes on the potential of AI by offering tokenized AI processing for returns, fostering the expansion of AI agents, and compensating data providers.
— Singularity Finance (@Singularity_Fi) November 11, 2024
For the initial 12-week group in the program, the incubatees will collectively receive a $100,000 investment plus technological and consulting assistance from Outlier Ventures’ team of specialists. This comprehensive consulting package encompasses aspects like legal frameworks, token design, community development strategies, economic models (tokenomics), fundraising and pitch deck enhancement, as well as workshops and guidance from Singularity Finance.
In addition to a comprehensive learning curriculum, this project offers mentor-provided feedback analysis, personalized goal-setting for founders’ success, and specialized mentor pairing.
Benjamin Meyer, Outlier Ventures’ Chief Growth Officer, underscored the significant relevance of their program for a wide range of founders and developers within the Real-World Asset (RWA) space.
We’re excited to strengthen our strategic alliance with Singularity Finance, aiming to assist Outlier Ventures’ RWA Base Camp group. By leveraging our collective knowledge and connections, we will work towards providing founders with essential resources and guidance for their ventures to flourish and make meaningful contributions to the real-world assets landscape.
The partnership follows from Outlier Ventures’ recent announcement of strategic industry alliances with SingularityDAO AI x Crypto Base Camp accelerator program, aimed at supporting start-ups with the resources and expertise needed to navigate and drive growth in the evolving AI x Crypto landscape.
New opportunities for RWAs tokenization tooling
Cloris Chen, CEO of Singularity Finance, echoed the words of Mr. Meyer:
Partnering with Outlier Ventures represents a crucial milestone for us as we aim to expand and strengthen our SFI ecosystem. With their extensive background in the Web3 sector and their knack for nurturing premier companies, we can position our L2 platform as the preferred destination for high-quality projects within this space.
Earlier reported by U.Today, in October, SingularityDAO disclosed their intentions to amalgamate with Cogito Finance and SelfKey. This fusion will result in a single platform, Singularity Finance (SFI), where tokens from all three entities will be consolidated. This merger signifies a significant stride towards establishing a harmonious ecosystem centered around tokenizing assets and AI within the broader realm of blockchain technology.
The innovative partnership in AI is poised to open up a unique method for utilizing AI within Web3 initiatives. Being the initial AI-centric L2 within an EVM environment, Singularity Finance is anticipated to accommodate numerous apps from this domain, known as decentralized applications (dApps).
Utilizing sophisticated tools for RWA tokenization within the Ethereum Virtual Machine (EVM) represents another demonstration of AI capabilities in decentralized web initiatives, showcasing its potential role in such projects.
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2024-11-12 17:40