Camino Network, a blockchain platform focused on the travel industry, has been chosen to participate in Outlier Ventures’ token launch program, Ascent. This collaboration is set to help Camino Network prepare for its upcoming token launch scheduled for later this year. Outlier Ventures offers Ascent as the company’s flagship international accelerator program that is aimed for guiding late-stage ventures.
Outlier Ventures to Guide Camino Network Through Web3 Tokenization Process
In this relationship, Camino Network will get guidance and consultation from Outlier Ventures to enable it to follow the intricate processes of web3 tokenization. Outlier Ventures is notoriously discreet, taking on a few ventures each year at most, and Camino Network has been acknowledged for its prospects and success.
The Camino Network has had a good development in the last two years creating a network that is arguably very efficient and decentralized for the use of the travel industry. While the CAM token is yet to be launched and traded on various exchange platforms, the protocol has recorded over 200,000 transactions facilitated through the travel tech solutions. The network comprises over 200 brands, from traditional companies to startups, and over 40 use cases under construction.
Outlier Ventures’ Ascent Program to Drive Blockchain Innovation in Travel with Camino Network
Thomas Stirnimann, Council President of the Camino Network Foundation, was enthusiastic about the alliance saying that with support from leaders in the travel industry across the world Camino Network is poised for a disruption of the travel industry. He stressed that the use of new web3 technologies in the travel industry will help optimize processes and become future-proof. Stirnimann stated that it is important to have Outlier Ventures as a partner for full-scale international expansion and to set a trend for web3 in travel.
Matt Law, CCO at Outlier Ventures, also expressed positive sentiments to the partnership. He highlighted that Outlier Ventures has quite an optimistic view on Camino Network and opportunities to improve the processes of the travel industry and create breakthrough solutions. Law mentioned that the Ascent program fits Outlier Ventures’ mission to invest in the top Web3 companies solving real-world issues and bringing blockchain into global industries like travel.
Overall, the collaboration of Camino Network and Outlier Ventures demonstrates a major step toward the development of blockchain solutions into the travel industry.
