DePIN Network Secures $2 Million in Seed Funding Round
On July 25th, BlockBeats reported that DePIN Network’s Multiple Network completed a $2 million seed funding round. Investors such as OKX Ventures, Youbi Capital, Stratified Capital, Puzzle Ventures, CatcherVC, and BitriseCapital participated in the funding.
Overview of DePIN Network’s Multiple Network
DePIN Network’s Multiple Network is a decentralized platform that aims to revolutionize the way information is transmitted and exchanged securely. The network utilizes innovative technology to provide a secure and efficient communication system.
The $2 million seed funding round will enable DePIN Network to further develop and expand its Multiple Network platform. The funding from prominent investors highlights the industry’s confidence in DePIN’s vision and technology.
Participating Investors in the Seed Funding Round
OKX Ventures, a renowned blockchain investment firm, was one of the major investors in DePIN Network’s seed funding round. Other investors, including Youbi Capital, Stratified Capital, Puzzle Ventures, CatcherVC, and BitriseCapital, also showed their support for the project.
Industry experts believe that the successful completion of the $2 million seed funding round is a significant milestone for DePIN Network. The funding will not only provide the necessary capital for growth but also establish strategic partnerships within the blockchain and technology sectors.
As DePIN Network continues to innovate and disrupt the traditional communication landscape, the recent seed funding round marks a key step in the company’s journey towards making a lasting impact in the industry.
