Stackup Raises $4.2 Million in Seed Round to Streamline Operations for Crypto Businesses
CULVER CITY, Calif.--(BUSINESS WIRE)-- Stackup, the digital asset management platform designed to streamline crypto operations for crypto businesses, today announced that it has secured $4.2 million in seed funding. The round was led by 1kx, with participation from Y Combinator, Goodwater Capital, Soma Capital, Amino Capital, and Digital Currency Group (DCG). The investment will accelerate the development of the Stackup platform, allowing the team to continue developing solutions that simplify crypto operations for businesses.
Coinciding with the influx of new capital, Stackup has launched a new direct banking integration feature that directly addresses the fragmentation between traditional and crypto operations. Businesses can now connect their bank accounts to their Stackup wallet, enabling seamless, non-custodial ACH transfers between their bank and wallet within their existing payment workflows. This solves a critical pain point for companies forced to juggle between two parallel financial systems: traditional banking for crypto operations and separate crypto platforms for on-chain activity. Stackup's solution creates one system for all financial operations, without giving up control of your assets to third parties.
'Our mission at Stackup is to provide businesses with the tools they need to manage their digital assets with the same level of efficiency and control they expect from traditional financial systems,' said John Rising, co-founder and CEO of Stackup. 'This funding gives us the ability to eliminate operational inefficiencies that have historically hindered the adoption and growth of this industry. We're empowering businesses to streamline their financial operations and workflows, allowing them to focus on growth without compromising on security or control of their assets.'
Additionally, Stackup has expanded its support blockchains to include Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche, and BSC. This feature unlocks businesses operating across multiple blockchains. Previously, businesses were forced to manage separate wallets and manually bridge assets between chains, creating a process that was both time-consuming and error-prone. With Stackup, businesses can manage their multi-chain operations from one platform, moving assets seamlessly without external bridges or multiple wallet setups.
'Crypto businesses have largely struggled to address their operational needs due to the unique burden of managing assets on multiple chains,' said Nichanan Kesonpat of 1kx. 'Stackup is addressing those critical pain points and enabling businesses to take control of their funds in one seamless, secure, and scalable platform.'
The Stackup platform has evolved significantly since its inception in 2021. The platform played a crucial role in building wallet infrastructure for major industry players like Coinbase and TrustWallet. This foundational experience in enterprise-grade wallet infrastructure informed Stackup's current model of providing a comprehensive digital asset management platform directly to businesses. Today, Stackup provides centralized control over decentralized assets, allowing businesses to take charge of every detail of their operations with ease.
About Stackup
Stackup is transforming how businesses manage their on-chain operations by offering a smart account platform designed to simplify and automate complex blockchain tasks. As the need for seamless, secure, and efficient crypto transactions grows, Stackup provides centralized control over decentralized assets, allowing businesses to take charge of every detail of their operations with ease. Our platform integrates advanced security and adaptive features to eliminate the chaos of traditional crypto wallets, empowering businesses to manage their crypto stack in real-time. Whether you're orchestrating large-scale transactions or ensuring complete transparency, Stackup's solution brings order and precision to blockchain management, turning crypto chaos into a structured, seamless business flow.
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DRC-20 Staking Explained: Earn Passive Dogecoin Income Daily (Beginner's Guide)
Tired of watching your Dogecoin sit idle? What if you could put your DOGE to work, earning you more DOGE every single day, without complex trading or expensive hardware? Welcome to the world of DRC-20 staking, a simple, secure, and increasingly popular way to generate passive income within the vibrant Dogecoin ecosystem, especially on innovative platforms like This beginner's guide will demystify DRC-20 tokens and staking mechanics on Dogechain, showing you exactly how to start earning Dogecoin effortlessly. Beyond the Meme: Dogecoin & The Rise of Web3 Utility Dogecoin ($DOGE), starting as a fun meme, has evolved into a legitimate cryptocurrency with a massive, passionate community. While its primary use has been tipping and small transactions, the advent of Web3—the decentralized, user-owned internet—is unlocking new potential. Platforms are emerging that allow Dogecoin holders to participate in decentralized finance (DeFi) activities, like staking, directly on the Dogecoin network or its associated Layer-2 solutions. Staking represents a fundamental shift from simply holding crypto to actively participating in network operations and earning rewards. It's a cornerstone of the earn crypto narrative, moving beyond speculation to utility and yield generation. Understanding the Engine: What is DRC-20? Before diving into staking, you need to understand the token standard powering this innovation: DRC-20. The Analogy: Think of DRC-20 like the 'blueprint' or 'rulebook' for creating tokens on the Dogechain network. It defines how tokens can be created (minted/inspired), transferred, and managed securely. Think of DRC-20 like the 'blueprint' or 'rulebook' for creating tokens on the Dogechain network. It defines how tokens can be created (minted/inspired), transferred, and managed securely. The Inspiration: DRC-20 draws inspiration from successful standards on other blockchains, most notably ERC-20 (Ethereum) and BRC-20 (Bitcoin via Ordinals). It aims to bring similar functionality—creating both fungible (like regular coins, e.g., a staking reward token) and non-fungible tokens (NFTs, unique digital assets)—to the Dogecoin ecosystem. DRC-20 draws inspiration from successful standards on other blockchains, most notably ERC-20 (Ethereum) and BRC-20 (Bitcoin via Ordinals). It aims to bring similar functionality—creating both fungible (like regular coins, e.g., a staking reward token) and non-fungible tokens (NFTs, unique digital assets)—to the Dogecoin ecosystem. The 'D' is for Doge: The 'DRC' stands for Doge Request for Comment 20, signifying its specific application within the Dogechain/Dogecoin environment. The 'DRC' stands for Doge Request for Comment 20, signifying its specific application within the Dogechain/Dogecoin environment. Why It Matters: DRC-20 provides the essential technical foundation for building complex applications like decentralized exchanges, NFT marketplaces, and, crucially, staking protocols on Dogechain. It ensures compatibility and security for assets interacting within this ecosystem. Proof-of-Stake (PoS): The Foundation of Staking Staking is intrinsically linked to a consensus mechanism called Proof-of-Stake (PoS). Contrast this with Dogecoin's original mechanism: Proof-of-Work (PoW—Mining): This is how Dogecoin transactions are traditionally secured and new coins are minted. Miners use massive amounts of computational power (and electricity) to solve complex puzzles. The winner adds a new block to the blockchain and earns block rewards (new DOGE). It's competitive, resource-intensive, and often requires significant investment in specialized hardware (doge mining). This is how Dogecoin transactions are traditionally secured and new coins are minted. Miners use massive amounts of computational power (and electricity) to solve complex puzzles. The winner adds a new block to the blockchain and earns block rewards (new DOGE). It's competitive, resource-intensive, and often requires significant investment in specialized hardware (doge mining). Proof-of-Stake (PoS): Instead of computational power, PoS secures the network based on the amount of cryptocurrency 'staked' (locked up) by participants (validators). Validators are chosen to propose and attest to new blocks based on the size of their stake and other factors. They earn rewards for acting honestly. It's far more energy-efficient and accessible. Staking is the act of committing your crypto assets to support a PoS network's operations. In return for securing the network and locking up your funds, you earn rewards—more of that cryptocurrency. DRC-20 Staking: Putting Your Doge Ecosystem Assets to Work DRC-20 staking specifically refers to the process of locking up DRC-20 tokens (which could represent various assets within the Dogechain ecosystem) within a smart contract on a platform like to earn rewards. These rewards are typically paid in another DRC-20 token, often a stablecoin or, more excitingly for Dogecoin fans, in $DOGE itself. Why Choose Staking Over Mining? Feature Dogecoin Mining (PoW) DRC-20 Staking (PoS) Benefit of Staking Accessibility High Cost (Hardware, Electricity) Low Cost (Often just tokens) Lower Barrier to Entry Technical Skill High (Setup, Maintenance) Low (Simple Platform Interfaces) Beginner Friendly Energy Consumption Very High Very Low Eco-Friendly Passive Earning Active Management Needed Truly Passive Once Staked Earn While You Sleep Hardware Required Expensive ASICs/GPUs None (Web Wallet) No Upfront Investment Reward Type Newly Minted DOGE Protocol Fees / Reward Pool DOGE Direct Earning Potential Entry Point Complex Simple (e.g., Seamless Onboarding Your Simplest Gateway to Daily Dogecoin Rewards While several platforms explore staking in the Dogecoin space, stands out for its exceptional ease of use, perfect for beginners, and its direct focus on earning Dogecoin rewards through DRC-20 staking. Here's why is the ideal starting point: Zero-Cost Entry: Forget complex purchases. Doginal's genius is its free Basic Doge NFT mint. This NFT isn't just digital art; it's your staking ticket. Forget complex purchases. Doginal's genius is its free Basic Doge NFT mint. This NFT isn't just digital art; it's your staking ticket. Effortless Onboarding: 'Where Doge Meets DeFi' isn't just a tagline. The process is incredibly simple: Connect: Link your Dogechain-compatible wallet (like MetaMask configured for Dogechain) to the interface. No signup. No KYC. Mint: Instantly mint your free Basic Doge NFT on-chain. This is your staking vessel. Earn: That's it! You're now enrolled in their staking pool, immediately starting to earn 7% APY Doge rewards. Compounding Daily: Rewards aren't just paid; they compound daily. This means the rewards you earn today themselves start earning rewards tomorrow, accelerating your passive Doge income growth exponentially over time. Rewards aren't just paid; they compound daily. This means the rewards you earn today themselves start earning rewards tomorrow, accelerating your growth exponentially over time. Transparent & On-Chain: The 7% APY isn't a vague promise. It's engineered into smart contracts on the Dogechain, ensuring transparent, automatic, and verifiable yield. You can watch your balance grow directly on the blockchain. The 7% APY isn't a vague promise. It's engineered into smart contracts on the Dogechain, ensuring transparent, automatic, and verifiable yield. You can watch your balance grow directly on the blockchain. Unwavering Security—Self-Custody: Your keys, your coins, always. never asks for or stores your private keys, seed phrase, or wallet password. You maintain full control and ownership of your assets at all times. This is true DeFi ethos. Your keys, your coins, always. never asks for or stores your private keys, seed phrase, or wallet password. You maintain full control and ownership of your assets at all times. This is true DeFi ethos. DRC-20 Power: Built on the robust DRC-20 standard, Doginal leverages proven technology optimized for Dogecoin's characteristics, ensuring security and efficiency. Security First: Why Self-Custody in Staking Matters The 'Seamless and Secure Staking' promise at hinges on self-custody. In the crypto world, security is paramount. Traditional centralized exchanges (CEXs) offering 'staking' often require you to surrender your coins to their control. This introduces counterparty risk – if the exchange is hacked or goes bankrupt, your funds could be lost. eliminates this risk entirely. By connecting your non-custodial wallet (where only you hold the keys) and interacting directly with their on-chain smart contracts: You Control Access: Only you can initiate transactions from your wallet. Assets Never Leave: Your staked NFT (and the DOGE rewards accumulating) remain in your wallet address, visible on-chain. No Central Point of Failure: Doginal's platform facilitates the staking contract but doesn't hold your assets. The security of your funds relies primarily on your wallet security and the audited smart contracts. Privacy: No KYC means no sharing of sensitive personal documents. Beyond the Basics: Amplifying Your Passive Doge Income on Doginal Once you've minted your free NFT and started earning that sweet 7% APY, offers effortless ways to boost your earnings: Invite & Earn (Referral Program): Found something awesome? Share it! Doginal provides a unique referral link. When friends use your link to mint their free Basic Doge NFT or stake higher-tier NFTs, you earn a commission (up to 10%) on their activity. This is pure social & referral-driven growth benefiting everyone. Influencer Rewards: Are you a content creator? Make videos, threads, or articles about Doginal and DRC-20 staking. Submit your work through their program, and you could earn exclusive Doginal NFTs. These special NFTs often start staking instantly, providing additional streams of passive Doge income on top of your regular rewards. Getting Started with Doginal Staking: Your Step-by-Step Guide Ready to turn your Dogecoin curiosity into daily rewards? Here's how simple it is: Get a Dogechain Wallet: If you don't have one, set up a wallet compatible with the Dogechain network (e.g., MetaMask with Dogechain settings). Secure your seed phrase offline! Visit Navigate to the official website: Connect Your Wallet: Click the 'Connect Wallet' button on the interface. Approve the connection in your wallet pop-up. Mint Your Free NFT: Locate the option to mint the Basic Doge NFT (it's usually prominently displayed). Confirm the mint transaction in your wallet. *Remember, this is gas-efficient DRC-20 minting designed for Dogecoin.* Watch Rewards Accumulate: That's it! Your NFT is now staked. Head to the dashboard on to see your initial DRC-20 balance and watch your 7% APY Doge rewards grow and compound daily. Rewards are delivered automatically to your connected wallet address. Explore & Amplify: Check out the 'Referrals' section for your unique link. Consider the influencer program if you create content. Explore options for higher-tier NFTs if you want to stake more for potentially higher rewards. Is DRC-20 Staking Right for You? Considerations Passive Focus: Staking is ideal for those who believe in the long-term potential of the Dogecoin/Dogechain ecosystem and want to earn rewards without active trading. Understanding Risk: While generally lower risk than trading, crypto staking isn't risk-free. Smart contract vulnerabilities (though minimized by audits and standards like DRC-20), fluctuations in DOGE price, and overall market conditions are factors. Never stake more than you can afford to lose. Alternatives: Platforms like also offer DRC-20 staking services. It's wise to research different options, comparing APY, lock-up periods, fees, and security models. However, combination of a free NFT entry point, compelling 7% APY paid in DOGE, seamless self-custody, and zero KYC presents a uniquely accessible package, especially for beginners. The Future of Doge Earning: Staking, NFTs, and Web3 DRC-20 staking on platforms like represents a significant evolution for Dogecoin. It moves beyond simple transactions and mining into the dynamic world of Web3 and DeFi. The integration of Doge NFT staking (using NFTs as your staking vehicle) adds a layer of engagement and potential future utility. This convergence of staking, NFTs, and decentralized applications on Layer-2 solutions like Dogechain points towards a more robust, useful, and rewarding future for the entire Dogecoin community. Conclusion: Start Earning Your Daily Doge Today Gone are the days when earning Dogecoin meant expensive mining rigs or complex trading strategies. DRC-20 staking on democratizes access to passive crypto income. With its beginner-friendly approach—mint a free Doginal NFT, connect your wallet with no KYC, and maintain full self-custody—and a compelling 7% APY paid in Dogecoin that compounds daily, there's never been an easier way to put your belief in Doge to work. Stop letting your Dogecoin gather digital dust. Unlock Passive Doge Rewards and experience the future of Dogecoin utility. Visit right now, connect your wallet, mint your free NFT, and start your journey to earn Doge daily. The Dogecoin DeFi revolution is here, and it starts with a simple, secure stake. FAQ: DRC-20 Staking on Doginal Q : Do I need to buy DOGE first to start staking on Doginal? A: To cover the very minimal gas fee for minting your free Basic Doge NFT, you need a tiny amount of Dogechain's native token ($DC) in your connected wallet. You don't need to stake DOGE initially; the free NFT is your entry point. Rewards are paid in DOGE. : Q: How often are rewards paid? A: Rewards on are calculated and compound daily. You can see them accumulating in your DRC-20 balance on the platform's dashboard. Q: Is there a lock-up period for my staked NFT? A: For the free Basic Doge NFT on Doginal, staking is generally flexible. You can usually unstake it at any time, but this would stop your rewards. Always check the specific terms on the platform. Q: Is safe? A: prioritizes security through self-custody (you control your keys), no KYC (reducing data risk), and using the audited DRC-20 standard on Dogechain. However, always practice good wallet security (strong passwords, secure seed phrase, beware of phishing sites – ONLY use the official link). Q: Can I stake more than the free NFT? A: Yes! typically offers higher-tier NFTs that you can purchase or earn (e.g., via the influencer program). These often provide higher APY rewards, amplifying your passive Doge income. Q: Where can I learn more about Dogechain wallets? A: The official Dogechain website ( provides resources and guides on setting up compatible wallets. may also have helpful information regarding wallet setup for staking. TIME BUSINESS NEWS
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