The web3 video and dwell streaming platform – Stacked – has efficiently managed to lift $12.9 million throughout its Sequence A funding spherical. Led by Pantera Capital, with help from Z Enterprise Capital and the GFR Fund, and included angel traders like Scale AI’s Founder Alexandr Wang, GOAT CEO Eddy Lu and Carl Pei, the co-founder of OnePlus and CEO of Nothing.
With this new spherical of funding, Stacked has said that it will likely be investing extra in advertising and marketing, together with content material and expertise acquisition, to additional develop its platform. Whereas beginning off inside North America, Stacked plans to broaden out into Latin America, India and SE Asia.
Initially established in March 2021, together with being a video and livstreaming platform, Stacked is operated by its group – underpinning its creator-first method. To help its content material creators, the platform has been constructing out options to help creators, and permit them to maintain extra of what they earn, placing Stacked into direct competitors with the likes of Youtube and Twitch.
By collaborating within the platform, streamers can broadcast their gaming content material, host watch events, have interaction with followers on cell / desktop, whereas being rewarded with the platforms devoted governance token. Lengthy-term, streamers will be capable of additional monetise their content material utilizing different tokenised belongings.
To permit streamers to perform this, Stacked introduced the launch of the utility-enabled NFT assortment – Valhalla – which is able to play a key position.
Be taught extra in regards to the Stacked platform by testing the web site.
