Outlier Ventures & peaq Launch DePIN Base Camp Accelerator for Web3 Founders

Outlier Ventures, a global leader in Web3 acceleration, has partnered with peaq to introduce the DePIN Base Camp accelerator program. Designed to nurture early-stage Web3 founders across all blockchain platforms, the initiative aims to empower startups developing applications, products, and protocols leveraging digital networks, decentralized infrastructures, and data services.

The program is scheduled to kick off in May 2024. Spanning a duration of 12 weeks, the virtual accelerator program promises workshops led by industry experts from Outlier Ventures and peaq, along with mentorship opportunities and potential investments of up to $200,000 USD for participating teams.

The DePIN Base Camp seeks to support startups venturing into decentralized physical infrastructure networks (DePINs), which utilize tokens to crowdfund real-world infrastructure like smart sensors and internet access points.

As the program targets founders building on various blockchains, participants will also have access to peaq's DePIN-focused layer-1 blockchain and its Modular DePIN Functions, along with the sister network, krest. This momentum and the promise of a tectonic shift presents an opportune moment further outlined in Outlier Ventures thesis here.

According to Benjamin Meyer, Chief Product Officer at Outlier Ventures, “DePIN is breaking new ground, extending its reach from digital resources into dataIoT and social platforms as it becomes more widely adopted.”

“We are really excited to be collaborating with peaq to launch the DePIN Base Camp Accelerator program, bringing our collective expertise to support founders building scalable ventures and addressing real-world needs.”

Benjamin Meyer, Chief Product Officer, Outlier Ventures

The DePIN Base Camp will bring together a group of Web3 startups who are focused on unlocking the full potential of DePINs. The accelerators goal is to arm promising DePIN projects with all the know-how and support they need to provide a Web3 alternative to the incumbents in real-world industries, from data collection to distributed computation, connectivity, and more.

While the program is open to founders building across all blockchains, participating startups will also have the opportunity to leverage peaqs DePIN-focused layer-1 blockchain, its Modular DePIN Functions and its sister network krest.

Expert Guidance for Web3 Innovators

Throughout the duration of the program, Outlier Ventures and peaq‘s team of in-house experts will provide bespoke support customised to each startup’s needs, supporting teams across segments including, but not limited to data networks, decentralized digital infrastructure networks, data/(Internet of Things (IoT) and service networks and Infrastructure and tooling, AI-enabled UX and decentralized AI models.

The founding team behind peaq, who have been working on what is now known as DePINs since 2017, will also provide its expertise in various aspects of building and running a DePIN, from architecture to core business model and incentive mechanism.

“DePIN is the most exciting Web3 sector. It‘s what everyone’s been waiting for — real-world use.”

Max Thake, Co-founder of peaq

“Blockchain-based applications that anyone can use and want to use,” Max Thake, co-founder of peaq. Its promising to see well-respected, forward-thinking Web3 investors in Outlier Ventures recognize its potential so early on.

We‘re thrilled to be collaborating on this, helping launch projects that will have a big, tangible, positive real-world impact not long from now. peaq was purpose-built to power DePINs, so we’re looking forward to providing the best possible network for the next generation of visionary DePIN founders.

About Outlier Ventures

Founded in 2014 by Jamie Burke, Outlier Ventures is a leading global Web3 accelerator, renowned for its expertise in supporting Web3 founders, investors, and partners. With a diverse portfolio of over 300 startups across its accelerator programs, Outlier Ventures has facilitated seed funding of over $350 million.

About peaq

peaq is a layer-1 blockchain focused on real-world applications, empowering the creation of Decentralized Physical Infrastructure Networks (DePINs). By facilitating the integration of robots, vehicles, and connected devices as real-world assets, peaq aims to democratize abundance in the age of AI-driven automation.