Solana

This week saw significant funding activity, led by Andrena, an Internet Service Provider focused on decentralized broadband. Andrena raised $18 million to support its Decentralized Autonomous Wireless Network (DAWN), with investment from Dragonfly, CMT Digital, Castle Island Ventures, and Wintermute Ventures. The funds will help complete the protocol and expand Andrena&#39;s subscriber base.Other key funding rounds included zk-powered exchange Vessel securing $10 million in seed funding, and Zoth, a DeFi yield infrastructure company, raising $4 million.Additionally, Payman AI and Blockscout raised $3 million each, while Nexio, a Bitcoin rollup project, secured $2.2 million. These rounds highlight the growing interest and investment in decentralized and blockchain-based technologies.

Solana-Based DePIN Project Raises $18M in Notable Funding Week

DroomDroom

Other articles published on Aug 12, 2024

Ethereum’s Gas Fees Dive to Lowest Since Mid-2019 Amid Increased Layer 2 Transactions

Wepublic Policy Update

Restore the Republic Token $RTR Crashes 95% After Trump Family Denial

WhitePool by WhiteBIT Hits Top 15 Mining Pools at Launch

Bitcoin miners record lowest daily revenue of 2024

Terra Blockchain Faces Security Exploit; $6.8M Worth of Tokens Impacted

Join our free newsletter for daily crypto updates!