Latest news with #1kx
Business Wire
3 days ago
- Business
- Business Wire
Stackup Raises $4.2 Million in Seed Round to Streamline Operations for Crypto Businesses
CULVER CITY, Calif.--(BUSINESS WIRE)-- Stackup, the digital asset management platform designed to streamline crypto operations for crypto businesses, today announced that it has secured $4.2 million in seed funding. The round was led by 1kx, with participation from Y Combinator, Goodwater Capital, Soma Capital, Amino Capital, and Digital Currency Group (DCG). The investment will accelerate the development of the Stackup platform, allowing the team to continue developing solutions that simplify crypto operations for businesses. Coinciding with the influx of new capital, Stackup has launched a new direct banking integration feature that directly addresses the fragmentation between traditional and crypto operations. Businesses can now connect their bank accounts to their Stackup wallet, enabling seamless, non-custodial ACH transfers between their bank and wallet within their existing payment workflows. This solves a critical pain point for companies forced to juggle between two parallel financial systems: traditional banking for crypto operations and separate crypto platforms for on-chain activity. Stackup's solution creates one system for all financial operations, without giving up control of your assets to third parties. 'Our mission at Stackup is to provide businesses with the tools they need to manage their digital assets with the same level of efficiency and control they expect from traditional financial systems,' said John Rising, co-founder and CEO of Stackup. 'This funding gives us the ability to eliminate operational inefficiencies that have historically hindered the adoption and growth of this industry. We're empowering businesses to streamline their financial operations and workflows, allowing them to focus on growth without compromising on security or control of their assets.' Additionally, Stackup has expanded its support blockchains to include Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche, and BSC. This feature unlocks businesses operating across multiple blockchains. Previously, businesses were forced to manage separate wallets and manually bridge assets between chains, creating a process that was both time-consuming and error-prone. With Stackup, businesses can manage their multi-chain operations from one platform, moving assets seamlessly without external bridges or multiple wallet setups. 'Crypto businesses have largely struggled to address their operational needs due to the unique burden of managing assets on multiple chains,' said Nichanan Kesonpat of 1kx. 'Stackup is addressing those critical pain points and enabling businesses to take control of their funds in one seamless, secure, and scalable platform.' The Stackup platform has evolved significantly since its inception in 2021. The platform played a crucial role in building wallet infrastructure for major industry players like Coinbase and TrustWallet. This foundational experience in enterprise-grade wallet infrastructure informed Stackup's current model of providing a comprehensive digital asset management platform directly to businesses. Today, Stackup provides centralized control over decentralized assets, allowing businesses to take charge of every detail of their operations with ease. About Stackup Stackup is transforming how businesses manage their on-chain operations by offering a smart account platform designed to simplify and automate complex blockchain tasks. As the need for seamless, secure, and efficient crypto transactions grows, Stackup provides centralized control over decentralized assets, allowing businesses to take charge of every detail of their operations with ease. Our platform integrates advanced security and adaptive features to eliminate the chaos of traditional crypto wallets, empowering businesses to manage their crypto stack in real-time. Whether you're orchestrating large-scale transactions or ensuring complete transparency, Stackup's solution brings order and precision to blockchain management, turning crypto chaos into a structured, seamless business flow.
FF News
09-05-2025
- Business
- FF News
Camp Network Raises $30 Million to Build the First Autonomous IP Layer 1 Blockchain
Camp Network announced today that it has raised a total of $30 million, including its latest Series A funding round co-led by 1kx and Blockchain Capital, with participation from dao5, Lattice, TrueBridge, Maven 11, Hypersphere, OKX, Paper Ventures, Protagonist and others. The raise supports Camp Network's mission to scale its Layer 1 blockchain, which enables users to register and tokenize their IP onchain, train and deploy AI agents, and participate in distributions for the use of agents trained on their IP in a transparent, enforceable way. AI is rapidly reshaping the internet, and it poses an existential risk to all creators. As models continue to be trained on content taken without consent or attribution, creators are losing visibility, control and ultimately compensation. Fueling this problem is the accelerating shift toward autonomous AI agents — systems users will increasingly rely on to filter information, make decisions and interact with the digital world. As general-purpose models become commoditized, real value will shift to both unique user-owned IP and vertical agents fine-tuned on that IP. 'Camp Network exists to solve the missing link between IP and AI,' said James Chi, Co-Founder of Camp Network . 'In a world where AI will generate the majority of content, provenance is no longer a feature — it's the necessary foundation for making ownership and value enforceable by design.' Camp Network is a purpose-built Layer 1 blockchain for the intersection of IP and AI. Its architecture prioritizes gasless IP registration and royalty distribution, and supports isolated execution environments tailored for agent-based workflows and automated licensing. Developers can launch dedicated app chains with isolated blockspace and compute, offering the flexibility and scalability needed for high-performance workloads. 'The team behind Camp Network has a compelling opportunity to build the onchain equivalent of Hollywood — pioneering a new category of mass-market entertainment applications in crypto,' said Peter Pan, Partner at 1kx . 'Despite being an undercapitalized challenger to other incumbent L1 ecosystems, they've already proven highly competitive in attracting integrations from founders building at the intersection of entertainment and crypto.' 'Camp Network is building foundational infrastructure for the internet's next chapter where IP and AI are core primitives,' said Aleks Larsen, General Partner at Blockchain Capital . 'As more content is created by or with AI, Camp Network ensures provenance, ownership, and compensation are embedded in the system from the start.' At the core is Camp Network's Proof of Provenance protocol — a novel mechanism for registering IP onchain with traceable origin, usage rights, and attribution, while enabling derivative creation, licensing, and monetization. Paired with Camp Network's native agent framework, it allows users to fine-tune and deploy AI agents directly on user owned IP. This makes provenance actionable and verifiable — enabling agents to interact with data transparently, and automating monetization back to contributors. 'Model architecture is converging, and compute is cornered — the real frontier is training data,' said Rahul Doraiswami, CTO of Camp Network . 'By anchoring provenance at the protocol layer, Camp turns user-owned IP into structured, rewardable training data. This aligns incentives between users and agents, creating a compounding system where every contribution strengthens the network's intelligence.' Camp Network's growing ecosystem reflects the real-world demand for its infrastructure. Teams like RewardedTV are using Camp Network to bring IP onchain, structure capital formation around their content, and power new AI-driven experiences. As demand for high-quality voice and video training data accelerates, RewardedTV — by owning its full content stack — is able to license that data to model developers and distribute payments seamlessly through Camp Network's gasless royalty layer. 'Camp Network's infrastructure is enabling models of participation and monetization that didn't exist before,' said Michael Jelen, CEO of RewardedTV . 'From training agents on high-quality media to enabling collaborative ownership through onchain attribution, Camp Network is powering the next generation of media applications.' Long-term, Camp Network aims to build the world's largest repository of user-owned IP and the leading marketplace for rights-cleared training data. By embedding provenance and permissioning at the protocol layer, Camp Network enables developers and agents to train on trusted content with transparent attribution and built-in monetization.
