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Home»Startups»Outlier Ventures and ICP Announce Seven Startups to Participate in AI x Crypto Base Camp
Startups

Outlier Ventures and ICP Announce Seven Startups to Participate in AI x Crypto Base Camp

prosperplanetpulse.comBy prosperplanetpulse.comJune 18, 2024No Comments3 Mins Read0 Views
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Key Takeaways

  • AI x Crypto Base Camp is a virtual Web3 accelerator program run by Outlier Ventures and backed by ICP (Internet Computer Protocol).
  • AI x Crypto Base Camp has selected seven startups focused on driving innovation at the intersection of AI and cryptocurrency.
  • Startups will have direct access and support from Web3 mentors, including program portfolio ambassadors Fetch.AI, Ocean Protocol, and DIA.

Outlier Ventures and Internet Computer Protocol (ICP) today announced the select cohort for their AI x Crypto Base Camp accelerator program, an effort aimed at propelling the convergence of artificial intelligence (AI) and blockchain technology into new realms of possibility.

Outlier Ventures and ICP handpicked seven pioneering startups from a global pool of applicants that are poised to reshape the landscape where AI and decentralized technologies meet.

These startups include: Axorn, Drishti, Fungi, The Red Pill, stateless, genius and Tuvana Labrepresents a diverse range of innovations across AI agents, resource allocation, accessibility solutions, secure data validation, decentralized finance strategies, and open-source AI development.

Ruth Galvin, Accelerator Lead for Outlier Ventures’ AI x Crypto Base Camp, highlighted the transformative potential of integrating AI and blockchain, saying: “As AI becomes woven into the fabric of society, we believe the convergence of AI and blockchain technology will be transformative, enabling AI to realize its full potential while enhancing privacy, democratizing access, and decentralizing governance.”

The collaboration will leverage ICP’s Internet Computer, allowing AI models to run fully on-chain.

Dominic Williams, Founder and Chief Scientist at the DFINITY Foundation, highlighted the game-changing benefits: “The Internet Computer enables AI to run as smart contracts on the blockchain itself, bringing game-changing benefits. We believe AI will be at the core of the future Web3 ecosystem, which is why we’re excited to partner with Outlier Ventures to realize the potential of decentralized AI.”

Throughout the program, selected startups will receive customized support from Outlier Ventures, ICP, and prominent industry partners such as Ocean Protocol, Fetch Ai, and DIA. This strategic mentorship aims to help participants across a range of disciplines, from developing portable AI agents to independently executing complex tasks within a decentralized framework.

Galvin further emphasized the importance of collaborative support: “We are excited to have such a great group of partners supporting our founders in this program. By running the AI ​​x Crypto Base Camp program with the support of ICPs and Portfolio Ambassadors Fetch.Ai, DIA, and Ocean Protocol, we are able to create a program that provides great support to founders who believe they are shaping the future of the web.”

Related article: Outlier Ventures and peaq launch DePIN Base Camp accelerator program



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