Camp Network, a modular L2 platform shaping the future for on-chain consumers, has secured a $4 million Seed funding round led by Maven 11, along with participation from notable investors like OKX Ventures, Protagonist, and others, alongside select angel investors.
This infusion of capital is earmarked to bolster the network as it gears up for its mainnet launch and to accelerate the growth of the 25+ teams already active within the Camp Network ecosystem.
According to James Chi, Co-founder of Camp Network, the evolution of blockchain infrastructure sets the stage for redefining how consumers worldwide engage with technology. The investment will propel Camp Network’s mission to reshape the future of on-chain consumer experiences and further cultivate its ecosystem to accommodate diverse consumer use cases.
User engagement data holds immense value, yet current applications struggle to effectively capture it. Camp Network addresses this challenge through its “digital backpack,” leveraging off-chain engagement data from prevalent social and streaming apps to empower consumer applications in understanding and incentivizing valuable user behavior.
In just three months since its inception, Camp Network has witnessed significant growth, with over 20 teams actively developing within its ecosystem, including native and migrating teams from larger platforms.
Balder Bomans, Managing Partner of Maven 11, emphasized the critical importance of onboarding the next wave of consumers for true mainstream adoption of blockchain technology. The strong backgrounds and clear vision of the Camp Network team, coupled with their ability to attract top talent, underscore their commitment to developing much-needed applications for consumer engagement tracking.
With the successful completion of its seed round, Camp Network is poised to intensify its efforts in reshaping consumer crypto experiences. The company plans to launch its public testnet in April, paving the way for a mainnet launch in June.
