Modular Layer 2 blockchain Camp Network completed a US$4 million seed round of financing, led by Maven 11. Institutions such as OKX, Protagonist, Inception Capital, Paper Ventures, HTX, Moonrock Capital and Eterna Capital also participated in this round of financing. Angel investors including the founders of Eigen Layer, Sei Network and Selini also provided financial support for the financing. The funds will be used to support the network’s construction ahead of its mainnet launch in June. In addition, 20 active teams within the Camp Network ecosystem will receive financial support to expand their teams. The network’s testnet will launch this month.

According to reports, Camp Network focuses on creating a decentralized service network for the music, media and entertainment industries. The network uses off-chain engagement data from social and streaming applications to help consumer-focused groups develop monetization strategies for virtual content.