PANews reported on August 21st that the Camp Foundation officially launched and launched the CAMP token to support its mission. The Camp Network is a layer-1 blockchain designed for the AI era, enabling the tokenization, licensing, and monetization of on-chain IP. The CAMP token will be used for the following purposes:

• Securing and tokenizing intellectual property (IP)
• Execute licensing and automate royalty transfers
• Encouraging ecosystem growth and AI-native innovation

The Camp Foundation’s priority is to establish a governance model that ensures CAMP token holders jointly advance network development, support IP security, license enforcement, and expand industry applications, accelerating the arrival of a new era driven by AI.

Earlier news reported that modular Layer2 blockchain Camp Network completed a $4 million seed round of financing .