New Order, a novel, permissionless and community-driven DAO incubator for early-stage decentralized finance projects, is partnering with Base Camp, the leading web3 accelerator by Outlier Ventures, to launch between 30-40 new DeFi projects over the next two years.
The partnership aims to drive DeFi innovation by leveraging New Order’s existing network of builders, investors and smart contract developers to create a new breed of next-generation decentralized financial applications that includes plugging into the metaverse – the convergence of online and offline worlds.
New Order’s venture DAO works closely with teams that fit in its thesis of DeFi becoming increasingly multi-chain, machine intelligent and extending to new digital assets including NFTs. Centered on the belief that funding is no longer the main bottleneck, New Order’s DAO bootstraps new DeFi projects through an ecosystem-as-a-service that builds alongside DeFi teams via its community of like-minded innovators.
Outlier Ventures, which has raised more than $250 million in funding for web3 startups, is fostering an open metaverse where the online and offline worlds converge. This new world (web3), must be open to everyone, built upon transparent public blockchains where data is freely accessible for other applications.
New Order is the first venture DAO that Outlier Ventures has funded and supported. While the main goal is to drive more DeFi as we know it, New Order and Outlier Ventures also plan to explore “MetaFi”, a term coined by Outlier Ventures. MetaFi is DeFi applied to Metaverse,, for example, NFTs are now being used as collateral for multi-million dollar loans.
The combination of New Order’s open and transparent public funding and development process with Outlier Ventures’ hands-on experience and pedigree in working with early stage startups will ensure select DeFi projects get to market faster, supported by world class collaborators.
‘With Outlier’s industry leading Web3 accelerator and New Order’s DeFi ecosystem, our DeFi Base Camp will launch exciting projects that will bring new DeFi products and user experiences to Web3 communities, CeFi, metaverses and more.’
– Eden Dhaliwal, Founder, New Order
‘We have been investing in DeFi for several years but it requires a very nuanced service provision and ecosystem activation which requires its own dedicated Basecamp program. New Order’s venture DAO was able to bring that together in a scalable way, and together we can really define a whole new category of DeFi, MetaFi.’
– Jamie Burke, CEO, Outlier Ventures
