Outlier Ventures Joins Cudos as Network Validator
Outlier Ventures is the latest Cudos investor to become a Cudos network validator
LONDON, April 8, 2021 (Newswire.com) - Lead advisor to, and investor in Cudos, Outlier Ventures (OV) joins the Cudos validator network as the latest big name token fund to form part of the Cudos layer 2 service.
"We began working with Cudos back in 2019, impressed by their team, traction and fit with our belief in a new distributed internet stack of critical infrastructure. They are building a decentralized cloud network in a more environmentally sustainable model, allowing hardware owners to offset the cost of their existing hardware, by improving its utilization and offering users up to 10x the cost savings on cloud services. During our partnership, we've helped them design, develop and now successfully launch a token; it's a pleasure to extend this partnership to become a validator node provider for the Cudos network." -Charlotte Kapoor, Head of Strategic Partnerships, OV.
Outlier Ventures has been backing Web 3 founders since 2014 and is the world's leading Web 3 accelerator program on track to accelerate up to 100 equity startups and protocols in 2021 through both Ascent (our token launch program), and their earlier pre-seed/seed program, Base Camp. We bring together a network of 1,000 of the world's leading Web 3 founders, protocols, and VCs to mentor and invest. We actively participate and support the networks created by the teams we work with and we're incredibly proud to support the Cudos network as a genesis validator.
"We're immensely proud to have the OV team not only represent Cudos as a portfolio company but also to invest their time and resources further into supporting the network's growth and functionality, by becoming a Cudos validator. With a strong and highly active global community of blockchain funds, leaders and influencers, there is no doubt in what value OV can bring to the network in terms of trust, delegated staking and attracting other projects to build on the Cudos network." Pete Hill, VP of Sales, Cudos
Outlier Ventures has been backing Web 3 founders since 2014 and is the world's leading Web 3 accelerator program on track to accelerate up to 100 equity startups and protocols in 2021 through both Ascent (our token launch program) and their earlier pre-seed/seed program, Base Camp. Bringing together a network of 1,000 of the world's leading Web 3 founders, protocols, and VCs to mentor and invest.
For more information visit: https://outlierventures.io
Cudos is bridging the gap between Cloud and Blockchain, by using the world's available computing to power a more decentralized, sustainable and connected world.
Cudos is being designed as a cross-chain, decentralized compute network, with Cudos as the utility & infrastructure token designed to empower Web 3.0 operations on the network. The Cudos network will enable anyone to sell or consume excess computational resources, either via blockchain/smart contract or through more traditional cloud computing API's.
In essence, what this means is Cudos will be one of the few networks which can power other blockchains and scale to the demands of cloud computing required today.
Categories: Business Technology