Camino Network, a travel industry blockchain platform, has joined Ascent, Outlier Ventures’ token launch program, as reported to Finbold on Tuesday, September 17.
This partnership aims to prepare Camino Network for its highly anticipated token launch later this year.
The Ascent accelerator program
Ascent is a global accelerator program designed to support later-stage projects in tackling tokenization challenges.
As part of the program, Camino Network will have access to resources necessary to help ensure a successful Web3 token launch.
The collaboration brings the expertise of Outlier Ventures to Camino Network, focusing on critical areas such as token strategy, technological development, and market growth.
Outlier Ventures selects only a handful of promising companies each year, and the partnership with Camino Network reflects its potential as a leading innovator in travel tech.
The CAM token launch
With its robust decentralized ecosystem, Camino Network is positioned to become the leader in travel industry infrastructure.
Although its native token, CAM, has yet to launch, Camino Network has already recorded over 200,000 transactions, with more than 200 brands and startups leveraging its platform.
Over 40 use cases are currently in development, highlighting the growing interest in Camino’s innovative travel solutions.
Thomas Stirnimann, Council President of the Camino Network Foundation, expressed his excitement about the future of the project, stating:
“With strong backing from global travel leaders, Camino Network is poised to transform the travel industry. The web3 travel ecosystem will accelerate the integration of cutting-edge Web3 technologies to build a more efficient, interoperable, and future-proof travel industry. With Outlier Ventures by our side, we are perfectly prepared to scale globally and lead the mass adoption of Web3 in travel.”
Matt Law, Chief Commercial Officer at Outlier Ventures, echoed his colleague’s sentiment, saying:
“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. Through our Ascent token launch program, we are excited to support Camino Network in its mission to transform the travel industry for all stakeholders. 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.”
As Camino Network moves forward with its token launch, the collaboration with Outlier Ventures signals a new phase of growth, aiming to bring the benefits of blockchain to the travel sector on a global scale.
