New DePIN Project Receives $7.5 Million Funding

April 16, 2024 Tóth Balázs
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A decentralized physical infrastructure network (DePIN) project, SendingNetwork, focusing on web3 communication, has received $7.5 million in funding in a seed financing round. Among the investors were Nomad Capital, Symbolic Capital, Balaji Srinivasan, and others. The project aims to decentralize communication by creating a new TCP/IP stack. This is a protocol suite that governs internet communication and facilitates data transfer between devices.
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