Futureverse and Outlier Ventures launch Base Camp Accelerator for metaverse startups
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Futureverse and Outlier Ventures are launching the Futureverse Base Camp Accelerator Program to help a new wave of AI and metaverse startups.
The news comes just a week after Futureverse announced that it had raised $54 million for its plan to create an open metaverse ecosystem. 10T Holdings led that investment.
This program aims to support early-stage startups that are building on The Root Network, a public decentralized blockchain network optimized for metaverse apps and experiences. The initiative will provide selected teams with a 12-week virtual program filled with mentorship, education, and $100,000 in funding. Applications for the program are now open and will close in early December 2023, with the program scheduled to commence in mid-January 2024.
It also comes after A16z announced that its Speedrun accelerator would take applications for its class of dozens of game startups. But while some of the same startups may apply, the Futureverse Base Camp will invest in metaverse startups, rather than just game companies, said Shara Senderoff, cofounder of Futureverse, in an interview with GamesBeat.
Senderoff and McDonald said they’re not among the group of companies that are running away from the word metaverse because it’s not as popular as it was in its hype stage. While companies like Disney are shutting their metaverse divisions, Futureverse is running in the other direction at the metaverse, Senderoff said.
“We have a huge community across our collections, and there are tons of
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