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BTC $78,728.20 +3.76%
ETH $2,387.19 +3.29%
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XRP $1.45 +1.22%
SOL $87.64 +2.24%
TRX $0.3288 -0.88%
DOGE $0.0970 +2.51%
ADA $0.2528 +1.89%
BCH $464.15 +3.97%
LINK $9.44 +0.61%
HYPE $40.94 +2.67%
AAVE $94.12 +2.67%
SUI $0.9629 +2.18%
XLM $0.1797 +0.90%
ZEC $325.08 +2.39%

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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