The travel industry L1, Camino Network, has been chosen for the Ascent token launch program by Outlier Ventures. The collaboration intends to have Camino Network ready for its end-of-year token launch.
Ascent is the premier worldwide token launch accelerator program offered by Outlier Ventures, which helps later-stage startups with professional guidance and assistance. With Outlier Ventures, Camino Network will now collaborate closely to effectively traverse its path toward web3 tokenization. Through the cooperation, Camino Network will get access to Outlier Ventures’ superior knowledge in many important domains.
Through its rigorous selection procedure, Outlier Ventures selects a small number of firms each year to partner with in its extremely selective accelerator programs. As one of the few chosen applications that is successful, Camino Network will get an investment as well as access to Outlier’s unmatched resources and experience to support their development and future success.
In the last 24 months, Camino Network has grown into a strong, decentralized ecosystem that is expected to serve as the technology backbone of the travel industry going forward. Although Camino Network’s token, CAM, has not yet been released on exchanges, it joins the Ascent program having generated over 200,000 transactions by travel tech companies and their applications. The network is expanding, with more than 200 well-known companies and creative startups having signed up, and more than 40 use cases are now being developed.
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.”
Matt Law, Chief Commercial Officer., Outlier Ventures stated:
“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. 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.”
Specifically designed for the travel sector, Camino Network is a Layer 1 blockchain. Run by a group of top business executives, Camino changes the way distribution is done and addresses connectivity issues in the multi-trillion dollar travel industry. With more than 100 validators, 200 companies, and $10 million in funding, Camino is spearheading the development of Web3 travel of the future.
Outlier Ventures, the world’s top Web3 accelerator, was established in 2014 and has since gained a well-deserved reputation as the go-to resource for Web3 creators, investors, and partners via its Ascent token launch program and Base Camp accelerator program. Over $350 million in seed funding has been raised by Outlier Ventures, which has over 320 worldwide investments in its portfolio.
