SendingNetwork, a DePIN project focused on web3 communications, has raised $7.5 million in a seed extension funding round.
SendingNetwork, a decentralized physical infrastructure network project focused on web3 communications, has raised $7.5 million in a seed extension funding round.
The seed extension round brings SendingNetwork's total funding to $20 million following a $12.5 million seed round early last year.SendingNetwork is a DePIN project that aims to decentralize communications by building a new transmission control protocol/internet protocol stack. TCP/IP is a set of protocols that govern communication on the internet, facilitating data transmission between devices.
After the acquisition of Dolphin, Yang and Yu shifted their focus to web3 in 2022, "inspired by the rise of Ethereum and reflecting on the challenges faced during Dolphin browser's delisting," Yang said. Google delisted Dolphin from the app store in 2022, citing API access violations.
Crypto Ecosystems Crypto Infrastructure Deals Defi Infrastructure Layer 2S And Scaling Startups Venture Capital Breaking Exclusive Protocols Quote Seed &Amp Pre-Seed
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