Decentralized video streaming platform Stacked has raised $12.9 million in Series A funding, CoinDesk reported.

By Pantera Capital with the participation of the GFR Fund and parent company Yahoo! Japan.

The startup aims to offer a decentralized alternative to Alphabet’s YouTube and Amazon’s Twitch. The team aims to give creators most of the revenue, as well as secure ownership of the platform through a governance token. An asset can be earned in the service.

“If you truly give creators ownership of the platforms they help make of value, you really equalize the incentives for the solution itself and for developers and content writers alike,” says Alex Lin, CEO of Stacked.

Service users can stream game content, host online events, communicate with fans, and stream other video materials.

Creators can earn in fiat or cryptocurrency through donations or subscriptions.

Governance tokens can be used to both gain privileges on the platform and increase revenue.

The startup will use the funds raised for marketing, content acquisition, staffing and business expansion in Latin America, India and Southeast Asia.

Recall that in April, Pantera Capital raised $1.3 billion in a fund aimed at investing in Web3 startups.

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