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BTC $60,923.71 +0.73%
ETH $1,562.47 -2.28%
BNB $576.08 -1.13%
XRP $1.10 -0.45%
SOL $62.70 -3.35%
TRX $0.3204 -1.25%
DOGE $0.0820 -1.27%
ADA $0.1601 -0.72%
BCH $218.30 -0.30%
LINK $7.41 -0.10%
HYPE $58.41 -5.72%
AAVE $61.01 -2.38%
SUI $0.7233 +2.59%
XLM $0.2018 +5.71%
ZEC $352.25 +5.25%

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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