An exciting joint incubation program has been launched by an e-retailer and an investment firm, with the goal of identifying and supporting talents in the field of Web3 commerce and luxury. The Dream Assembly Base Camp, inspired by the successful collaboration between Farfetch Dream Assembly and Outlier Ventures Base Camp, aims to shape the future of Web3 luxury commerce. The program seeks to promote investment in emerging companies that focus on digital fashion, token-based loyalty, immersive experiences, and the creator economy.
Selected companies will have the opportunity to benefit from 12 weeks of comprehensive remote support, covering a range of disciplines. This includes access to a network of 200 mentors and investors who can provide crucial insights and guidance. In addition, winners of the program will be awarded a generous grant of $150,000, along with a $30,000 interest-free loan. Farfetch and Outlier Ventures will receive a 7.5% equity stake in the chosen companies in exchange for their support.
The services provided to the founders during the incubation program are designed to equip them with all the necessary tools and knowledge to launch their innovative ventures in the realm of Web3 luxury commerce. This includes assistance with fundraising, tokenomics, and marketing strategies, as well as guidance on community growth. The program aims to empower and enable the next generation of entrepreneurs in this exciting and rapidly evolving field.
Interested companies can apply for the Dream Assembly Base Camp by submitting their applications on the dedicated website. The deadline for submissions is August 19, so entrepreneurs aspiring to make their mark in the world of Web3 luxury commerce should act swiftly to seize this incredible opportunity.
(Useful links: Farfetch, Outlier Ventures)
