Ethereum

when

Foundation

Moonchain

Meta

Quick take:
<ul>
 <li>The company will use the funds to accelerate the development of its DePIN infrastructure of the Ethereum ecosystem.</li>
 <li>The team also announced the launch of the first laye3 zkEVM solution on Arbitrum.</li>
 <li>JDI Global and MXC will collaborate to provide funding, hardware development, and market influence support to startup DePIN projects.</li>
</ul>
Meta X Connect, MXC Foundation has received a $10 million investment from JDI Ventures, the investment and incubation arm of blockchain hardware manufacturer JDI Global. MCX offers a Web3 infrastructure layer focused on bringing real-world assets to the blockchain.&nbsp;
The company’s decentralised physical infrastructure network (DePIN) for the Ethereum ecosystem is the first laye3 zkEVM solution on Arbitrum. MXC plans to use the fresh capital to accelerate the development of its DePIN solution.
According to the announcement posted on the <a href="https://www.mxc.org/blog/mxc-the-dedicated-depin-chain-on-arbitrum-secures-10-million-funding-led-by-jdi" target="_blank" rel="noopener noreferrer nofollow">MXC blog</a>, JDI Global and MXC will collaborate to provide funding, hardware development, and market influence support to startup DePIN projects.
MXC states on its website that it is on a mission to bring real-world asset collateralisation to Web3 by enabling real-world items to be bridged with <a href="https://www.nftgators.com/what-is-the-metaverse/" rel="noopener noreferrer nofollow">the metaverse</a> and&nbsp; Decentralized Finance (DeFi) protocols.
For instance, the company offers the MXC <a href="https://www.nftgators.com/what-is-an-nft/" rel="noopener noreferrer nofollow">NFT</a> marketplace, which leverages Low-Power Wide-Area Networks (LPWAN) and NFC technology to track, authenticate, and submit location proofs for real-world collectibles.
MXC’s leadership team consists of former core contributors to zkSync, a zero-knowledge-based scaling solution on Ethereum, and looks “to push the boundaries of DePIN technology.”
This fundraising comes at a time when more Web3 investors are returning to the market amid the current resurgence of the crypto industry. Web3 startups are poised for the first quarterly increase in the funds raised following eight consecutive quarters of declines.
****
Stay up to date:
Subscribe to our newsletter using&nbsp;<a href="https://nftgators.substack.com/" target="_blank" rel="noopener noreferrer nofollow">this link</a>&nbsp;– we won’t spam!
<ul>
 <li><a href="https://news.google.com/publications/CAAqBwgKMKqZrgswt6TGAw?hl=en-US&amp;gl=US&amp;ceid=US%3Aen" target="_blank" rel="noopener noreferrer nofollow">Google News</a></li>
 <li><a href="https://twitter.com/NFTgators" rel="noopener noreferrer nofollow">Twitter</a></li>
 <li><a href="https://t.me/NFTgatorsNews" rel="noopener noreferrer nofollow">Telegram</a></li>
 <li><a href="https://www.linkedin.com/company/nftgators/" rel="noopener noreferrer nofollow">LinkedIn</a></li>
 <li><a href="https://facebook.com/NFTgators-103707808818830" rel="noopener noreferrer nofollow">Facebook</a></li>
 <li><a href="https://www.tiktok.com/@nftgators" rel="noopener noreferrer nofollow">TikTok</a></li>
</ul>
The post <a href="https://www.nftgators.com/mxc-foundation-secures-10m-funding-for-decentralised-physical-network-on-ethereum/" rel="noopener noreferrer nofollow">MXC Foundation Secures $10M Funding for Decentralised Physical Network on Ethereum</a> appeared first on <a href="https://www.nftgators.com" rel="noopener noreferrer nofollow">NFTgators </a>.

MXC Foundation Secures $10M Funding for Decentralised Physical Network on Ethereum

NFTgators

2024년 2월 28일에 게재된 다른 기사

Meme Coin Traders Earned $2 Million in Pepecoin ($PEPE) Price Surge

Artfi Launches Genesis Offering Pass Sale: Democratizing Art Access for Just $10

Bitcoin Price Prediction: Aims for new highs, Market Buzzes

Hut 8 Starts Construction on 63MW Bitcoin Mining Site in Texas

Alephium (ALPH) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Hive (HIVE) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!