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BTC $76,998.31 -1.64%
ETH $2,293.21 -3.11%
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XRP $1.39 -2.50%
SOL $84.29 -2.88%
TRX $0.3260 +0.76%
DOGE $0.0980 -1.34%
ADA $0.2460 -2.51%
BCH $448.94 -1.16%
LINK $9.22 -2.68%
HYPE $41.63 -0.82%
AAVE $96.12 -0.79%
SUI $0.9251 -2.31%
XLM $0.1645 -3.74%
ZEC $353.23 -2.03%

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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