The DePIN project MXC announced the completion of a $10 million financing, led by JDI Ventures

ChainCatcher news, according to official sources, the smart city IoT network MXC has announced a strategic investment of $10 million led by JDI Ventures, which is an investment fund focused on DePIN under the renowned blockchain hardware manufacturer JDI Global.

The MXC team was established in 2017 in Berlin, Germany, and they launched the Layer3 zkEVM solution on Arbitrum, with the vision of becoming the DePIN infrastructure of the Ethereum ecosystem.