BlockBeats News, April 29th, according to Fortune's report, cryptocurrency startup Camp Network announced that it has completed a $25 million Series A funding round. The round was co-led by venture capital firms 1kx and Blockchain Capital, with participation from OKX, Lattice, and Paper Ventures. Camp Network is building a blockchain platform to help content creators store and license their intellectual property to address the issue of AI models abusing copyrighted content.
This funding round took the form of equity financing and included a token warrant, which is a commitment to issue cryptocurrency at a future date. According to Camp Network Co-founder and Co-CEO Nirav Murthy, the valuation of the startup's token in this round of funding could reach as high as $4 billion.