HTX Ventures Announces Strategic Investment in Camp Network to Build the Future of Consumers on Chai
On April xa0xa03xa0, HTX Ventures announced a strategic investment in Camp Network, re-emphasizing its commitment to expanding the reach and increasing the availability of Web3 technology, an innovative, modular, two-tier blockchain platform customized for on-chain consumers in active sectors such as music, media and entertainment.
Camp Network reportedly closed a strong round of xa0400xa0 million dollars, a new funding round that will help the network move toward a mainnet launch and drive the growth of xa020xa0 multiple teams within the Camp Network ecosystem.
James Chi, Co-Founder of Camp Network, commented on the importance of the funding, "Blockchain infrastructure has evolved tremendously over the past few years and the future of blockchain will be determined by how it is served and used by consumers around the globe. this investment will accelerate Camp Network's mission to reshape the future of on-chain consumers and further develop our ecosystem for consumers of all kinds."
The principals of HTX Ventures explained the idea behind the investment, "In order for blockchain technology to be widely used, it is critical to provide innovative experiences and ease of use to Web2 users. the entertainment industry is exploring new experiences for artists and fans, and it is against this backdrop that Camp Network was born. by integrating Web2 user data with Web3 experiences, Camp Network aims to bridge the gap between the traditional and the new digital realm. given the team's expertise, passion, and accomplishments in customer introductions, this company could become a major milestone in the Web3 industry."
User engagement data is a valuable dataset that is difficult for current apps to track effectively, and Camp Network leverages off-chain engagement data from social and streaming apps - where most users' digital identities reside today - through its "Digital Backpack" feature to help consumer apps better understand and incentivize valuable behaviors.
In the three months since the initial launch, the team has made significant progress. xa020xa0 There are now more than xa020xa0 teams building within the Camp Network ecosystem, including both native teams and teams that have migrated from other large ecosystems.
With a successful seed funding round completed, Camp Network is ramping up its ecosystem to redefine the consumer encryption experience.
The company plans to launch a public test network in April and the main network by June.
About Camp Network
Camp Network is a modular, two-tier blockchain for mass adoption focused on scenarios of everyday enjoyment and engagement (e.g., culture, music, gaming, movies, social media, sports, and live events.) Its founding team consists of three Berkeley alumni, and the broader team consists of former employees of Goldman Sachs, The Raine Group, Figma, CoinList, and Chainlink.
About HTX Ventures
HTX Venturesxa0 is the global investment arm of Firecoinxa0HTXxa0, integrating investment, incubation, and research to identify the world's best and most promising teams.As a decade-long blockchain industry pioneer, HTX Venturesxa0 promotes the development of cutting-edge technologies and emerging business models in the industry, and provides all-around support for collaborative projects, including financing, resources, and strategic consulting, to build a long-term blockchain ecosystem.
Currently, HTX Venturesxa0 has backed over 200 projects spanning a wide range of blockchain circuits, with some of the high-quality projects already online on Firecoinxa0HTXxa0 trading.
