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BTC $79,025.41 -2.39%
ETH $2,225.51 -1.95%
BNB $663.98 -2.58%
XRP $1.43 -3.45%
SOL $88.95 -3.18%
TRX $0.3515 -0.49%
DOGE $0.1125 -2.81%
ADA $0.2610 -3.14%
BCH $427.40 -1.85%
LINK $10.05 -3.47%
HYPE $43.09 -7.22%
AAVE $92.03 -6.17%
SUI $1.09 -7.16%
XLM $0.1545 -4.46%
ZEC $504.09 -8.96%

sendingnetwork

Web3 communication platform Sending Labs has completed a $20 million seed extension round of financing, aiming to reconstruct the TCP/IP protocol and other DePIN ecosystems

ChainCatcher news, the Web3 communication platform SendingLabs announced the completion of a $7.5 million seed round extension, bringing its total seed round financing to $20 million. This investment was completed in October last year, with participation from Nomad Capital, Symbolic Capital, Web3.com Ventures, Galxe, SWC Global, former Coinbase CTO Balaji Srinivasan, and Yield Guild Games co-founder Gabby Dizon.It is reported that SendingNetwork is building a decentralized communication network aimed at reconstructing the TCP/IP model through blockchain, utilizing decentralized routers to connect wallet addresses, establishing wallet address-based peer-to-peer communication, and reshaping internet infrastructure for better security, privacy, and user control.Decentralized communication plays a crucial role as a key component of the DePin ecosystem. SendingNetwork enhances the reliability and resilience of distributed communication infrastructure through community-hosted decentralized routers, empowering enhanced data transmission between decentralized applications (dapps) and laying the foundation for a more secure, decentralized, and scalable Web3 ecosystem.Additionally, the Web3 asset data platform RootData shows that SendingNetwork completed a $12.5 million seed round financing in February last year, led by Signum Capital, Insignia Ventures Partners, and Mindworks Capital, with participation from Lingfeng Innovation Fund (LIF) and others.
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