{"id":66567,"date":"2022-08-31T18:01:07","date_gmt":"2022-08-31T15:01:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66567"},"modified":"2025-09-07T02:00:55","modified_gmt":"2025-09-06T23:00:55","slug":"web3-rival-to-twitch-raises-12-9-million-from-pantera-capital","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/web3-rival-to-twitch-raises-12-9-million-from-pantera-capital\/","title":{"rendered":"Web3 rival to Twitch raises $12.9 million from Pantera Capital"},"content":{"rendered":"<p>The decentralized video streaming startup Stacked raised $12.9 million in a Series A round, according to <a href=\\\"https:\/\/www.coindesk.com\/business\/2022\/08\/31\/stacked-the-web3-version-of-twitch-raises-129m\/\\\">CoinDesk<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>It was led by Pantera Capital with participation from GFR Fund and the venture unit of Yahoo! Japan.<\/p>\n<p>\\n\\n<\/p>\n<p>The startup aims to provide a decentralized alternative to YouTube&#8217;s platform from Alphabet and Twitch from Amazon. The team intends to leave creators a large share of revenue, and to secure ownership of the platform through a governance token. The asset can be earned on the service.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;If you really give creators ownership of platforms they helped make valuable, you really align incentives for both the solution itself and for developers and creators,\\&#8221; says Stacked CEO Alex Lin.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>Users of the service will be able to stream gaming content, host online events, interact with fans and post other video content.<\/p>\n<p>\\n\\n<\/p>\n<p>It is expected that creators will be able to earn in fiat or cryptocurrency via tips or subscriptions.<\/p>\n<p>\\n\\n<\/p>\n<p>The governance tokens will be used both to obtain platform privileges and to increase revenue.<\/p>\n<p>\\n\\n<\/p>\n<p>The raised funds will be allocated to marketing, content acquisition, hiring, and expanding the business in Latin America, India, and Southeast Asia.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier in April, Pantera Capital <a href=\"https:\/\/forklog.com\/en\/news\/pantera-capital-raises-1-3-billion-for-web3-focused-blockchain-fund\">raised $1.3 billion<\/a> for a fund aimed at investing in Web3 startups.<\/p>\n<p>\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decentralized video streaming startup Stacked raised $12.9 million in a Series A round, CoinDesk reports.<\/p>\n","protected":false},"author":1,"featured_media":66568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1133],"class_list":["post-66567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=66567"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66567\/revisions"}],"predecessor-version":[{"id":66569,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66567\/revisions\/66569"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/66568"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=66567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=66567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=66567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}