Archetype leads $3 million seed round for on-chain points startup Stack
Summary
"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 aims to provide more affordable and simpler on-chain points that dissuade "farming," or abusing a projects financial system for personal gain.I believe that on-chain points add more value and security to loyalty programs and will drive faster consumer adoption for those applications, while reducing risk both for brands and consumers," said Stack CEO and Founder Graeme Boy in a statement. Crypto points are a way to incentivize community engagement and add some level of gamification to projects while attempting to dissuade selfish actors.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry.