HTX Ventures announces strategic investment in Camp Network to build the future of on-chain consumers
On April 3, HTX Ventures announced a strategic investment in Camp Network, once again emphasizing its commitment to expanding the coverage and usability of Web3 technology. Camp Network is an innovative modular second-layer blockchain platform customized for on-chain consumers in active fields such as music, media and entertainment.
It is reported that Camp Network has completed a strong round of financing of US$4 million. This new financing will help the network move towards the launch of the main network and promote the growth of more than 20 teams within the Camp Network ecosystem.
James Chi, co-founder of Camp Network, commented on the importance of this financing: “Blockchain infrastructure has developed tremendously over the past few years, and the future of blockchain will be determined by how it delivers services to and is used by consumers around the world. Use it to decide. This investment will accelerate Camp Network’s mission to reshape the future of consumers on the chain and further develop our ecosystem for consumers of all kinds.”
The head of HTX Ventures explained the investment philosophy: “In order for blockchain technology to be widely used, it is crucial to provide innovative experiences and ease of use to Web2 users. The entertainment industry explores new experiences for artists and fans, Camp Network 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 tradition and the new digital realm. Given the teams expertise, passion and track record in customer onboarding, This company could become a major milestone for the Web3 industry.
User engagement data is an extremely valuable data set, but difficult to effectively track with current applications. Through its “Digital Backpack” feature, Camp Network leverages off-chain engagement data from social and streaming apps—where most users’ digital identities exist today—to help consumer apps better understand and incentivize valuable behaviors .
In the three months since the initial launch, the team has made significant progress. Currently, more than 20 teams are building within the Camp Network ecosystem, including native teams and teams that have migrated from other large ecosystems.
With the completion of a successful seed round, Camp Network is ramping up efforts to advance its ecosystem to redefine the consumer crypto experience. The company plans to launch a public testnet in April and launch the mainnet by June.
About Camp Network
Camp Network is a modular second-layer blockchain for mass adoption focused on scenarios for daily enjoyment and participation, such as culture, music, games, movies, social media, sports, and live events. Its founding team consists of three Berkeley alumni, with the broader team made up of former employees of Goldman Sachs, The Raine Group, Figma, CoinList and Chainlink.
About HTX Ventures
HTX Ventures is the global investment arm of Huobi HTX, integrating investment, incubation and research to identify the best and most promising teams around the world. As a pioneer in the blockchain industry for ten years, HTX Ventures promotes the development of cutting-edge technologies and emerging business models in the industry, providing comprehensive support for cooperative projects, including financing, resources and strategic consulting, to establish a long-term blockchain ecosystem. Currently, HTX Ventures has supported more than 200 projects across multiple blockchain tracks, and some of these high-quality projects have been listed on Huobi HTX for trading. At the same time, HTX Ventures is one of the most active fund-of-funds (FOF) investors, working with the worlds top blockchain funds such as Dragonfly, Bankless Ventures, Figment, Animoca, Shima, and IVC to jointly build the blockchain ecosystem.
