Archetype leads $3 million seed round for on-chain points startup Stack

Quick Take

  • Stack, a startup building out infrastructure for on-chain points, raised $3 million in seed funding. 
  • The venture firm Archetype led the round, with further support from Coinbase Ventures, Scalar Capital, A.Capital and others.

Stack, a startup developing on-chain points infrastructure, raised $3 million in seed funding. 

The venture firm Archetype led the round, which saw additional participation from Coinbase Ventures, Scalar Capital, A.Capital, Balaji Srinivasan, Nadav Hollander, Henri Stern, Cooper Turley and Colin Armstrong.

"Stack is front and center at the dawn of the application era for crypto," Archetype Founder Ash Egan told The Block. "As we enter into this phase in the cycle, Archetype remains committed and excited about consumer products and infrastructure."

Stack builds the framework to assign and track points on-chain, including point allocations, leaderboards and trustless token redemption. User can redeem points for ERC-20 tokens, eth or other assets. Stack aims to provide more affordable and simpler on-chain points that dissuade "farming," or abusing a project's financial system for personal gain. 

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