Outlier Ventures, an entity dedicated to accelerating the open metaverse, announced via Twitter on Monday that it had partnered with Terra to launch its Terra Base Camp Accelerator Program. The Terra Base Camp is a 12-week accelerator program aimed at backing projects building on Terra blockchain or enhancing the adoption of the Terra-powered stablecoin (UST).
Terra is an algorithmic stablecoin platform operating on a Proof of Stake (PoS) blockchain infrastructure built with Tendermint.
LUNA, the native token of the Terra ecosystem, is up by more than 6% in the last 24 hours and is trading at $96.02 at press time.