The partnership between Farfetch and Outlier Ventures sets the stage for the Dream Assembly Base Camp, a Web3-focused accelerator program.
The Dream Assembly Base Camp is now accepting applications, launched as a collaborative effort between luxury fashion platform Farfetch and venture capital firm Outlier Ventures. They are eager to identify and elevate the next groundbreaking innovations in the industry. metaverse fashion .
Last week, Farfetch and Outlier Ventures shared a joint announcement about the Dream Assembly Base Camp, which will offer a select group of promising brands in the luxury fashion and lifestyle segments a specially designed program filled with mentorship, networking opportunities, and robust support aimed at shaping the future of luxury commerce in the Web3 space. Web3 startups \"Web3 currently sits at a pivotal crossroads of fashion, culture, and technology,\" remarked Des Martin, Chief Marketing Officer of Outlier Ventures, in the press release. \"There’s no better duo than Outlier Ventures and Farfetch to expedite the growth of luxury fashion founders and their projects,\" he added.
The Dream Assembly Base Camp represents a broader integration of existing initiatives previously managed by both Farfetch and Outlier Ventures. Based in London, Farfetch initiated its Dream Assembly program back in April 2018, driven by the conviction that the luxury fashion sector can greatly benefit from nurturing the next wave of tech innovators. Although they previously indicated a break in operations, over 60 startups have emerged from four cohorts so far, averaging around 15 startups per session. art Some of the program's alumni have effectively collaborated with Farfetch, including companies like Good on You, The Restory, Thrift+, and LUXCLUSIF.
On the other hand, Outlier Ventures, a European venture capital entity, established its Base Camp accelerator in 2019 and has successfully led more than 10 cohorts since then. Their Base Camp website indicates, 'We provide access to in-house specialists who have guided over 100 startups and established numerous billion-dollar networks.' Successful alumni from this accelerator include names like DIAData, Boson Protocol, Auroboros, Gravity Layer, NFT42, Cryptio, and Crucible, collectively raising more than $350 million in seed funding. Vogue Business Therefore, the Dream Assembly Base Camp is a strategic blend of the names from both predecessors' programs. This 12-week remote initiative is customized for every selected startup. While the anticipated number of participants hasn't been disclosed, we can speculate around 15 startups per cohort, similar to Farfetch's earlier program sizes. Core subjects of the curriculum will encompass \"digital fashion, tokenized loyalty, immersive experiences, and the creator economy.\"
In today's environment, it’s clear that the Dream Assembly Base Camp provides an excellent opportunity for startups to connect with affluent individuals in the industry. However, the competitive edge truly lies in scalability and networking. Those fortunate enough to be selected will not only tap into the vast networks of mentors across fashion, tech, and Web3, but also build solid, lasting relationships with industry leaders.
Since its inception in 2008, Farfetch has evolved dramatically from a basic luxury e-commerce site to offering \"the most comprehensive collection of luxury items available on a single platform,\" as their tagline articulates, catering to \"190 countries and territories with products sourced from over 50 countries and featuring more than 1,400 of the world’s top brands.\" Quite an impressive level of scalability, wouldn’t you agree? page To date, Farfetch has been cautious about diving into the Web3 realm directly, despite exploring it as a means for virtual fittings.
Interestingly, Farfetch has opted against launching its own premium fashion line, choosing instead to concentrate on providing B2B solutions tailored for the luxury sector, such as their New Guards Group and the Luxury New Retail Initiative. These programs capitalize on Farfetch’s technological expertise to assist other online businesses aspiring to elevate their offerings.
"We are convinced that the entire sector, including Farfetch, stands to gain by aiding the development of the next generation of tech firms focused on revolutionizing the future of luxury,\" stated Carol Hilsum, Senior Product Innovation Director at Farfetch.
If you’re aiming to secure a solid position within the Web3 startup ecosystem, now is your moment—applications will be accepted until August 19, 2022, with the accelerator expected to kick off toward the end of September 2022.
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This marks the fourth weekly report regarding Metaverse fundraising. Web3 luxury commerce Please be aware that the information presented here is not intended as legal, tax, investment, or financial advice. It’s crucial to only invest what you can afford to lose and to consult independent financial experts if you have any reservations. For further details, we recommend checking the terms and conditions, as well as the support resources provided by the issuer or advertiser. MetaversePost is dedicated to offering accurate and impartial news; however, keep in mind that market dynamics can shift unexpectedly.
Vittoria Benzine is a writer based in Brooklyn, specializing in art critiques and personal essays that delve into contemporary art through the lenses of human experiences, counterculture, and chaos magic. Her work has appeared in various publications, including Maxim, Hyperallergic, and Brooklyn Magazine. applications are open Blum is celebrating its one-year milestone by being awarded 'Best GameFi App' and 'Best Trading App' at the Blockchain Forum 2025.
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