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BTC $76,786.00 -1.64%
ETH $2,274.37 -3.07%
BNB $621.35 -1.75%
XRP $1.39 -2.91%
SOL $84.09 -2.83%
TRX $0.3249 +0.40%
DOGE $0.0971 -1.85%
ADA $0.2444 -3.20%
BCH $450.98 -0.24%
LINK $9.18 -3.17%
HYPE $41.76 +0.97%
AAVE $97.21 +1.58%
SUI $0.9204 -2.65%
XLM $0.1650 -3.53%
ZEC $352.26 -0.63%

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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