- Camino Network intends to launch its CAM coin by the end of this year.
- Camino’s blockchain-based travel ecosystem is supported by over 200 brands and a $10 million financing.
Camino Network, a layer-1 blockchain designed to serve the travel sector, has announced a collaboration with Outlier Ventures, as part of its Ascent token launch program. The collaboration aims to prepare Camino Network for the highly anticipated CAM token launch later this year.
Outlier Ventures‘ Ascent program is well-known for offering expert assistance and support to web3 initiatives in the final phases. Camino Network will use this relationship to speed up its tokenization activities, leveraging on Outlier Ventures’ considerable experience in web3 technologies, token launches, and blockchain development.
Transforming the Travel Industry with Blockchain
Camino Network has evolved from its inception into a decentralized network designed specifically for the travel industry. With over 200,000 transactions already processed by travel tech companies on the network, Camino is quickly becoming a key role in the future of travel.
The network is supported by over 200 established businesses and startups, with 40 new use cases now in development. Thomas Stirnimann, Council President of the Camino Network Foundation, expressed the project’s ambition, stating that with strong support from global travel professionals, Camino Network is prepared to alter the travel industry. The web3 travel network is going to speed the adoption of cutting-edge web3 technologies, enabling a more productive, interoperable, and future-proof travel industry.
In addition to brand backing, Camino Network has raised $10 million in cash and has over 100 validators securing its network. Matt Law, Chief Commercial Officer at Outlier Ventures, emphasized the significance of this collaboration, saying, As the first blockchain platform dedicated to the travel sector, Outlier Ventures sees enormous opportunities with Camino Network to enhance processes and create innovative travel products that will benefit the industry and customers worldwide.
With the imminent CAM token launch and support from important players in the web3 field, Camino Network is poised to transform the travel industry, making it more efficient and future-proof for all stakeholders.
