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Blockchain travel ecosystem Camino Network has revealed that it’s joined forces with Outlier Ventures, whose Ascent token launch program will help optimize preparation for the forthcoming launch of the CAM token. Outlier Ventures will assist Camino Network in releasing its native token, providing the advice, partner introductions, and tooling required to ensure a successful deployment of the multi-function utility token.
Outlier Ventures specializes in providing a string of services to web3 projects that are exploring tokenization. It has deep experience of guiding emerging projects and supplying expertise and infrastructure pre- and post-launch, ensuring they have the resources to achieve core goals, from attaining deep liquidity to user onboarding.
Tokenizing the Travel Industry
Camino Network is on a mission to shake up the travel industry through the introduction of web3 technology that can drive greater efficiency and align incentives between ecosystem participants including hotel and flight booking companies. With the support of Outlier Ventures, Camino Network will finetune its tokenomics and determine the optimum solution for CAM token issuance and distribution.
Outlier Ventures provides web3 founders with the resources they need to realize their goals, allowing them to go from zero to one quicker and to grow their community of onchain users. It boasts more than 300 portfolio partners and has a network of more than 500 partners including blockchain investors, developers, and infrastructure providers.
A Full Suite of Web3 Services
Outlier’s popular Ascent program helps projects with such services as go-to market strategy, token design, fundraising, and product development. To date, it’s helped its partners secure more than 150 tier-1 exchange listings and helped its portfolio companies raise more than $900M. Projects that have been incubated through the Ascent program have gained an average post-launch FDV of $273M.
“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 at Outlier Ventures. “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.”
Having been developing its travel ecosystem for more than two years, Camino Network has onboarded a number of key partners and made strides in delineating its vision of a web3 layer that can be used to drive growth of the global travel industry. It’s already secured the support of more than 200 brands and has raised more than $10M to date.
Camino believes it can capture a slice of the $11T travel industry and make core processes more efficient through the use of web3 technology such as smart contracts, AI infrastructure, and the fostering of travel data standards that will make passenger bookings and logistics operate on blockchain rails. Its Camino Messenger is designed to accelerate B2B sales and dramatically reduce distribution costs, while a grant program led by the Camino Network Foundation will spur the development of travel applications on the decentralized network.
With the support of Outlier Ventures, Camino now has the expertise it needs to complete the next phase of its evolution as it prepares to launch the CAM token.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
