Web3 company announces Polygon fund to bolster MATIC ecosystem Web3 company announces Polygon fund to bolster MATIC ecosystem

Web3 company announces Polygon fund to bolster MATIC ecosystem

The upcoming Polygon Base Camp Accelerator comes after the successful launch of the Polkadot and Filecoin Base Camp accelerators by Outlier Ventures.

Web3 company announces Polygon fund to bolster MATIC ecosystem

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Web3 fund Outlier Ventures has announced the Polygon Base Camp Accelerator to bolster efforts and development in the burgeoning Polygon ecosystem, CryptoSlate learned in a release Monday.

“As the leading solution for Ethereum scaling and infrastructure development, It is vital to support and encourage development on Polygon as the network becomes essential for broader Web 3 growth,โ€ said Sandeep Nailwal, co-Founder of Polygon. โ€œWe have high hopes that the program will discover the best the Polygon network has to offer to help drive developer activity and expedite ecosystem growth.”

Outlier Ventures has accelerated more than ninety Web3 startups since 2014 and is positioned to stimulate developer activity and growth on the Polygon network by collaborating with mentors from Polygon and its ecosystem players to host this rigorous five-month accelerator program.ย 

The Polygon ecosystem emerged in 2021 as the primary hub for scaling Ethereum-based apps, collecting more than $10 billion in value locked in the ecosystem through bridges from Ethereum, and hundreds of millions of dedicated venture capital is anticipated to enter the space to fund startups building on Polygon and leveraging its unique governance capabilities.

Growing the Polygon ecosystem

Following its success with the launch of ecosystem accelerators with the likes of Polkadot and Filecoin, Outlier Ventures is looking for a variety of teams using Polygon technologies โ€” from crypto natives to Web2 founders and enterprise professionals โ€” to build high-growth startups and decentralized applications and networks.

The Polygon x Base Camp Accelerator is now open for applications and the program will begin in early 2022. Up to eight teams will join an intensive five-month program that supports founders with fundraising, community growth, token design and implementation, business model innovation, and governance, in addition to gaining access to Outlier Venturesโ€™ mentor network of leading Web3 founders.ย 

The accelerator will also serve as a catalyst for founders developing their projects within the context of Outlier Venturesโ€™ Open Metaverse thesis, a toolkit for design alternatives based on principles of user-centricity and sovereignty of identity, data, and wealth.

Projects will be selected for the cohort based upon their ability to grow the Polygon ecosystem, with a focus on the NFTs, blockchain gaming, DeFi infrastructure, B2B solutions, and services supporting Polygon, middleware, and general DeFi-related services.

โ€œPolygon has helped take the Ethereum ecosystem to the next level, making entirely new use cases possible that require an ultra-low fee and high throughput transactions, so it was a natural partner for us to help accelerate the Web3 ecosystem,โ€ commented Jamie Burke, founder, and CEO of Outlier Ventures said of the collaboration with Polygon.