Web3 video and live streaming platform stackedRaised $12.9 million in a Series A funding round led by Pantera Capital.
Stacked platform, owned by Alphabet YouTubeand owned by Amazon Twitch It aims to provide a decentralized alternative to . Founded in March 2021, the Los Angeles-based startup wants creators to generate more of their revenue, through their own tokens earned through performance.
Stacked Raised $12.9 Million Led by Pantera Capital
Stacked raises $12.9 billion in investment round while crypto firm Pantera Capitalbecame a pioneer in collecting investments.
Investors in the funding round included GFR Fund and Z Venture Capital. The capital raised by the company will be used in marketing, content acquisition, recruitment as well as expansion into Latin America, India and Southeast Asia regions.
Founder and CEO of Stacked Alex Lin, said in an interview with CoinDesk:
“If you truly give creators ownership over the platforms they help make valuable, then you really align the incentives of both the platform itself and the creators.”
