New Order, an open-source DAO incubator to support early-stage projects in decentralized finance, announced recently a partnership with Base Camp. Base Camp is one of Outlier Venture’s most prominent web3 acceleration programs.

This announcement was announced via press release. It also noted that the two entities were on track to launch between 30 and 40 new DeFi projects together over the next 2 years.

The press release also stated that DeFi’s primary goal is to drive further innovation. The statement also reveals ongoing plans for a next-generation application with plugins in the metaverse. This is a hybrid application which converges the offline and online worlds.

However, to achieve maximum efficiency, the new project will leverage New Order’s existing infrastructure and protocol which includes its network of builders, investors, and smart contract developers.

New Order is comprised of experts with a common passion for building a DeFi app that has increasing multi-chain capability. The team also wants to expand its operation by leveraging its existing network of experts to incorporate other digital variables like NFTs.

Outlier Venture, which has previously raised more than $250 million to fund web3 startups, will finance the whole process.

That said, New Order will bootstrap the new DeFi project through what it described as “ecosystem-as-a-service.” In other words, the team that will see the project from start to finish are the ones available in-house.

New Order is the debut of Outlier Ventures’ first DAO project.

New Order and Outlier Ventures to Explore New Opportunities in “MetaFi”
Unless you are a newbie, the term “MetaFi” should not be hard to digest, in as much as it was just coined by Outlier Venture as part of their overall expectation for the new partnership.

Outlier Ventures remains optimistic about MetaFi’s future prospects, even though it is a mixture of Metaverse and DeFi. NFTs are used as collateral for loans, and there’s a lot of cryptocurrency traders trading NFTs, suggesting that MetaFi has a large market.

Apart from the above, this partnership will allow DeFi to explore new aspects, create DeFi products, and most importantly introduce a brand new user experience for the wider web3 community.

“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 was the creator of New Order.

Outlier Ventures, who despite investing heavily in many DeFi projects, were also looking forward to stepping into the Metaverse.

“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 noted.

Although the official partnership has only been established for a short time, it is already a part of the larger decentralized community.

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