Zug, Switzerland, Sept 17th, 2024 - Camino Network, the travel industry L1 has been selected for Outlier Ventures' token launch program, Ascent. The collaboration aims to prepare Camino Network for its upcoming token launch at the end of this year.
Ascent is Outlier Ventures' leading global token launch accelerator program that provides expert advice and support for later-stage projects. Camino Network will now work closely with Outlier Ventures to successfully navigate its route to web3 tokenization. The partnership will see Camino Network benefit from Outlier Ventures' top-tier expertise in a number of critical areas.
Outlier Ventures runs highly selective accelerator programs, working with a carefully chosen group of companies each year through its recruitment process. Camino Network is among the few successful selected applicants, receiving an investment and gaining access to Outlier's unparalleled expertise and resources to help drive their growth and future success.
Over the past two years, Camino Network has developed into a robust and decentralized ecosystem set to become the future technological foundation tailored to the travel industry. While Camino Network's token, CAM, has yet to be launched on exchanges, it comes to the Ascent program with a proven track record of over 200,000 transactions generated by travel tech companies and their applications. With over 200 established brands and innovative startups already on board, the network is growing, and over 40 use cases are now in development.
Thomas Stirnimann, Council President of the Camino Network Foundation, said: "With strong backing from global travel leaders, Camino Network is poised to transform the travel industry. The web3 travel ecosystem will accelerate the integration of cutting-edge Web3 technologies to build a more efficient, interoperable, and future-proof travel industry. With Outlier Ventures by our side, we are perfectly prepared to scale globally and lead the mass adoption of Web3 in travel."
"As the first blockchain platform dedicated to the travel sector, Outlier Ventures sees immense opportunities with Camino Network to enhance processes and create innovative travel products that will benefit the industry and customers globally," said Matt Law, Chief Commercial Officer, Outlier Ventures. "Through our Ascent token launch program, we are excited to support Camino Network in its mission to transform the travel industry for all stakeholders. This partnership aligns with our commitment to backing leading Web3 companies that address real-world challenges, expanding the reach of blockchain into global industries like travel."
About Camino Network
Camino Network is the Layer 1 blockchain built specifically for the travel industry. Operated by a consortium of industry leaders, Camino transforms the distribution landscape and solves connectivity challenges in the multi-trillion-dollar travel sector. Backed by 200+ brands, 100+ validators, and over $10 million in funding, Camino is driving the future of Web3 travel.
Learn more: https://camino.network/
About Outlier Ventures
Founded in 2014, Outlier Ventures is the world's leading Web3 accelerator, with a renowned reputation as the go-to authority for Web3 founders, investors and partners across its Base Camp accelerator program and Ascent token launch program. With a portfolio of over 320 global investments, Outlier Ventures has helped raise over $350m in seed funding. Outlier Ventures’ portfolio includes leading Web3 companies including Biconomy, Boson Protocol, Brave, Cheqd, Cudos, DIA Data, Fetch.ai, IOTA, Ocean Protocol, Root Network and XAI.
Learn more: https://outlierventures.io/